UOBKH maintains Beng Kuang at ‘buy’ at unchanged 75 cents target
Lin Daoyi - In a July 20 report by analysts Tang Kai Jie and Heidi Mo, UOB Kay Hian (UOBKH) is retaining its “buy” rating at unchanged target price of 75 cents on offshore and marine counter Beng Kuang Marine after meeting its management recently. Tang and Mo note the 1H2026 contract wins worth $85.2 millio ...
Prysmian signs €5.5 billion Molex deal in data centre push
(Corrects to say Prysmian will generate more than €10 billion in additional cumulative revenue from a broader set of deals and initiatives, not only the Molex agreement, in third bullet.)ROME, July 20 : Italian cable maker Prysmian said on Monday it had signed a long-term agreement worth up to € ...
Prysmian signs €5.5 billion Molex deal in data center push
ROME, July 20 : Italian cable maker Prysmian has signed a long-term agreement worth up to €5.5 billion ($6.4 billion) with Molex, an electronics company owned by U.S. group Koch, to supply fibre optic cables for data centers.• The deal of up to 10 years includes a €550 million upfront payment, ...
Singapore sets transparency standard for consumer-facing AI chatbots
Nurdianah Md Nur - Singapore has introduced voluntary transparency guidelines for generative artificial intelligence (GenAI) chatbots, as it seeks to standardise how companies explain their capabilities, limitations and risks to consumers. Published by the Infocomm Media Development Authority (IMDA), the guidelines ca ...
Blackstone agrees to invest in Korean robotics supplier Futronic
This values the firm at around US$675 million, according to people familiar with the matter
Blackstone agrees to invest in South Korean robotics supplier Futronic
This values the firm at around US$675 million, according to people familiar with the matter
Analysis:Could AI chip boom make ASML Europe's first trillion-dollar firm?
AMSTERDAM, July 20 : The global artificial intelligence boom has propelled ASML to the top of Europe's stock market, as soaring demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to make them.After blowout second quarter earnings, investor ...
Faishal Ibrahim resigns over online messages with a female member of the public
Zaqy Mohamad will take over as Acting Minister for Muslim Affairs;
China’s Innolight eyes US$8 billion Hong Kong IPO, potentially city’s largest in 7 years
Alibaba Group raised US$12.9 billion in its 2019 Hong Kong listing
China’s Innolight eyes US$8 billion Hong Kong IPO, potentially city’s largest in seven years
Alibaba Group raised US$12.9 billion in its 2019 Hong Kong listing
Why building a new luxury condo to top The Marq on Paterson Hill will be tough
Leslie Yee - While demand for luxury condos exists, snaring a freehold Orchard Road area en bloc site could be tricky
New Zealand meat sales to US surge 60% as American beef herd shrinks
NEW Zealand meat exports surged to a record in the second quarter, boosted by sales to the US where cattle herds have...
Singapore, South Korea reshape Vietnam’s FDI mix as Chinese inflows halve
Hanoi’s push up the value chain is helping Vietnam attract more quality Asian capital in H1
Australia, New Zealand dollars wobble on war jitters, Kiwi inflation data in focus
Markets are 78% priced for a follow-up rate hike from the RBNZ in September
UOBKH nudges SIA target price up S$0.10 on second quarter optimism
Shikhar Gupta - The brokerage, however, maintains a ‘hold’ call
Singapore gives businesses a clearer path for using data in AI
Nurdianah Md Nur - Singapore has issued new guidelines and playbooks to help companies use artificial intelligence (AI) while managing personal data risks. “Without good data, even the best systems will struggle to produce useful outcomes. Garbage in, garbage out. That is why data governance matters more, not less, ...
China securities regulator to hold market stability meeting, state media reports
The China Securities Regulatory Commission has called for a meeting to hear proposals on market development
China’s securities regulator vows to maintain stability after market rout
The authority will prevent risks in the capital market, boost supervision and safeguard open, fair and just market order
Oil jumps on Iran strikes, Hormuz shipping incident
HONG KONG: Oil prices surged in early Asian trade on Monday (Jul 20) after the United States struck Iran for a ninth consecutive night and a vessel caught fire in the Strait of Hormuz.The gains reflected gr
China leaves benchmark lending rates unchanged for 14th consecutive month in July
The one-year loan prime rates remained at 3 per cent
China leaves benchmark lending rates unchanged for 14th consecutive month in Jul
The one-year LPR remained at 3 per cent
Gold steadies as traders assess rates path after US-Iran clashes
Bullion trades around US$4,010 an ounce, after sliding more than 2% last week
Gold falls as US-Iran hostilities keep rate hike bets on table
Bullion trades at around US$3,995 an ounce, after sliding over 2% last week
TSMC expects ‘strong, multi-year’ demand for AI chips as it ramps up Arizona investment
It is planning to build more factories in the US and Taiwan
Asian shares shaky as oil climbs, major tech earnings loom
South Korea stocks slip, Wall St futures edge up
Asian shares hesitant as oil climbs, major tech earnings loom
South Korea stocks slip, Wall St futures edge up
AI can boost productivity, potentially increase revenue, but many Asean firms struggle with roll-out: Bain
Lionel Lim - Companies should start with two to three segments to improve with the technology, says the consultancy
Shares unsettled as oil climbs, earnings loom for AI
SYDNEY, July 20 : Shares slipped with bonds on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the artificial intelligence trade.Brent crude climbed above $90 a barrel for th ...
Asia shares shaky as oil climbs, earnings loom
SYDNEY, July 20 : Asian share markets slipped on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the AI trade.Brent crude climbed above $90 a barrel for the first time in mor ...
Asia shares hesitant as oil climbs, earnings loom
SYDNEY, July 20 : Asian share markets were hesitant on Monday as the escalating conflict in the Gulf lifted oil prices and fanned fears of inflation, while a packed week of major tech earnings will further test investor faith in the AI trade.Brent crude climbed 3 per cent to cross $90 a barrel for t ...
Bonds unsettled as oil and gas climb, earnings loom for AI
SYDNEY/LONDON: The escalating conflict in the Gulf lifted oil and gas prices on Monday, fanning fears of inflation, sending bonds lower and leaving stocks on edge as a packed week of major tech earnings is set to further test the artificial intelligence trade.Brent crude climbed above US$90 a barrel ...
How a dispute over e-commerce firm Coupang is testing US-South Korea ties
A US$422 million fine over Coupang’s data breach has raised tensions between the US and South Korea
Stocks to watch: SIA, Far East Orchard
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jul 20):
UK chief financial officers turn more hopeful about AI
LONDON, July 20 : The finance bosses at many of Britain's biggest companies are more optimistic about the impact of artificial intelligence on their businesses and a bit less worried about risks from geopolitics, according to a report published on Monday.The survey of UK chief financial officer ...
