Germany cautions flights over Iran as Lufthansa rejigs Middle East operations
GERMANY issued a new directive cautioning the country’s airlines from entering Iranian airspace, Flightradar24 said on Wednesday, shortly after Lufthansa rejigged its...
Meta begins job cuts as it shifts from metaverse to AI devices
Reality Labs houses the company’s hardware and other futuristic product efforts
Bessent urges 'sound' BOJ policy to address excess FX volatility
WASHINGTON, Jan 14 : U.S. Treasury Secretary Scott Bessent met Japanese Finance Minister Satsuki Katayama on Monday and "emphasized the need for sound formulation and communication of monetary policy," the U.S. Treasury Department said in a statement on Wednesday."Noting the inherent ...
Google says US transmission system is biggest challenge for connecting data centers
Jan 14 : Connecting to the U.S. electrical transmission system has become the biggest problem for powering up Google data centers on the grid, as the wait times to connect surge to more than a decade in some parts of the country, an energy executive with Google said on Wednesday.The world's lar ...
US oil prices dip more than $1 as Trump remarks reduce fears about Iran
TOKYO, Jan 15 : U.S. oil prices fell more than $1 in early Asian trade on Thursday after U.S. President Donald Trump said killings in Iran's crackdown on nationwide protests were subsiding, easing fears of supply disruptions and possible military action against Iran.U.S. West Texas Intermediate ...
Oil prices sink more than 2% as Trump remarks calm concern about Iran
TOKYO: Oil prices slid more than 2 per cent in early Asian trade on Thursday (Jan 15) after United States President Donald Trump said killings in Iran's crackdown on nationwide protests
Fed survey suggests slight upgrade to US economy
Financial markets expect the Fed to leave interest rates unchanged at its January meeting
Why the SGX-Nasdaq dual listing bridge suits Temasek and GIC portfolio companies
Benjamin Cher - The bridge allows firms to access both investor bases in parallel, cutting cost and complexity relative to separate listings
Go big or go home: What SGX and Nasdaq’s S$2 billion dual-listing threshold signals to the market
Benjamin Cher - Requirement ensures that potential issuers are big enough for institutional and analyst attention, and have sufficient liquidity, say observers
Discussing investment strategies in volatile times at BT-StanChart roundtable
Tan Nai Lun - The event will cover equities as well as gold and foreign exchange exposures
US will halt issuing immigrant visas for dozens of countries
The visa pause, which will begin on Jan 21, is expected to hit family-based immigration hardest
TSMC smashes forecasts with record profit, flags more US factories
Its results come as Taiwan signalled that a tariff deal with the US could come soon
TSMC smashes forecasts with record profit as it rides AI boom
Its results come as Taiwan signalled that a tariff deal with the US could come soon
TSMC Q4 profit leaps to record driven by AI boom
Net profit for October-December climbed to T$505.7 billion (S$20.6 billion), its seventh straight quarter of double-digit growth
SK Hynix speeds up new chip fab opening to meet memory demand, executive says
The global memory chip market is experiencing an unprecedented boom
Fed officials stress independence as rate hold signals mount
Most market participants do not see another cut until June
TSMC fourth-quarter profit leaps to record driven by AI boom
TAIPEI, Jan 15 : TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 35 per cent jump in fourth-quarter profit to record levels that handily beat market forecasts on Thursday.Benefiting from surging demand for advanced chips used in artifici ...
TSMC likely to post fourth-quarter profit leap driven by AI boom
TAIPEI, Jan 15 : TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is expected to post a 28 per cent jump in fourth-quarter net profit to a record high on Thursday driven by ongoing strong demand for AI infrastructure.Taiwan Semiconductor Manufacturing Co, the wo ...
Trump imposes 25% tariff on imports of some AI chips
US PRESIDENT Donald Trump on Wednesday imposed a 25 per cent tariff on certain AI chips, such as the Nvidia H200 AI...
Trump imposes 25% tariff on imports of some advanced computing chips
US PRESIDENT Donald Trump on Wednesday imposed a 25 per cent tariff on certain advanced computing chips, such as the Nvidia H200...
Exclusive-SK Hynix speeds up new chip fab opening to meet memory demand, executive says
SEOUL/SAN FRANCISCO, Jan 15 : SK Hynix plans to accelerate the opening of a new factory by three months and will also begin operating another new plant in February, a senior executive said, as surging memory demand pressures global supply.The South Korean chipmaker's decision comes as a global ...
Trading Day: Hard assets hit new highs
Oil prices settle higher, then reverse gains after Trump eases worries about Iran
[NEW YORK] Oil prices settled higher on Wednesday, then gave back most of the day’s gains after US President Donald Trump eased fears...
Europe’s Stoxx 600 ends at record high, lifted by healthcare, chemical stocks
EUROPEAN shares closed at a record high on Wednesday, buoyed by gains in chemicals and healthcare stocks, while investors also monitored the repercussions...
US stocks: Wall Street indexes end lower, led by drop in tech and bank shares
US STOCKS fell on Wednesday, led by a drop in the Nasdaq with technology shares declining as investors moved into more defensive areas,...
OpenAI signs $10 billion computing deal with Nvidia challenger Cerebras
Jan 14 : OpenAI will purchase up to 750 megawatts of computing power over three years from chipmaker Cerebras as the ChatGPT maker looks to pull ahead in the AI race and meet the growing demand, the two companies said on Wednesday.This deal is worth more than $10 billion over the life of the contrac ...
OpenAI to buy compute power from Cerebras in deal worth more than $10 billion, source says
Jan 14 : OpenAI said on Wednesday it has agreed to purchase up to 750 megawatts of computing power over three years from Cerebras as the ChatGPT maker looks to pull ahead in the AI race and capitalize on growing demand. The deal is worth more than $10 billion over the course of the contract, accordi ...
Oracle sued by bondholders over losses tied to AI buildout
NEW YORK, Jan 14 : Oracle was sued on Wednesday by bondholders who say they suffered losses because the company chaired by billionaire Larry Ellison concealed its need to sell significant additional debt to build out its artificial intelligence infrastructure.The proposed class action was filed in a ...
Visa crypto chief bets on stablecoin settlement, sees volumes growing
PARIS, Jan 14 : Visa is working to integrate stablecoins into existing payment systems, seeing an opportunity to maintain its market leadership as these tokens gain traction, Visa's head of crypto, Cuy Sheffield, told Reuters.Stablecoins, cryptocurrencies typically pegged to the U.S. dollar, al ...
European telcos may get unlimited radio spectrum rights, EU document shows
BRUSSELS, Jan 14 : Europe's telecoms providers may be given the use of lucrative radio spectrum without a time limit under the European Commission's proposed revamp of telecoms rules aimed at boosting investment, according to a document seen by Reuters.The rule revamp known as the Digital ...
Interactive Brokers says betting on US midterm elections should juice growth of its platform
NEW YORK, Jan 14 : As Americans bet on U.S. midterm elections in November, Interactive Brokers founder and chairman Thomas Peterffy said he expects growth to accelerate this year for the prediction markets platform his company launched in 2024.The online brokerage platform's predictions market, ...
Verizon still working to resolve network issue snarling cellphone service for thousands
WASHINGTON, Jan 14 : Verizon Communications' network was down for tens of thousands of users in the U.S. on Wednesday, preventing people from making calls or texting from cell phones and prompting two major cities to advise residents to use other providers to make emergency calls.The U.S. wirel ...
Verizon's network down for tens of thousands of users in US, Downdetector shows
Jan 14 : Telecom operator Verizon Communications' network was down for tens of thousands of users in the U.S. on Wednesday, according to outage tracking website Downdetector.com.Verizon said it was aware of the issue and that its engineers are working to identify and solve it. "We understa ...
Verizon making progress resolving network issue snarling cellphone service
WASHINGTON, Jan 14 : Verizon Communications said late on Wednesday it was making progress in restoring mobile phone service and plans to offer impacted consumers credits for an hours-long outage that disrupted calls, texting and internet usage for hundreds of thousands of customers."Today, we l ...
