SGX RegCo rolls out public consultation to support wider adoption of broker custody accounts
Lin Daoyi - Singapore Exchange Regulation (SGX RegCo) today launched a public consultation exercise on modernising the Singapore equities post-trade custody model. The consultation paper seeks feedback on the proposed rule amendments to facilitate the broader use of broker custody accounts, in particular, on an ...
Elon Musk's SpaceX said to consider merger with Tesla, Bloomberg News reports
Jan 29 : Elon Musk's SpaceX is considering a potential merger with Tesla as well as an alternative combination with artificial-intelligence company xAI, Bloomberg News reported on Thursday, citing people familiar with the matter.Tesla's shares were up 3 per cent after the bell following th ...
Microsoft plunges, Meta rallies as investors demand AI payoffs
Microsoft is under growing investor pressure to justify its soaring capital outlay
Apple sales, profit beat Wall Street estimates amid ‘staggering’ iPhone demand
The tech giant said iPhone sales set records in every geographic segment
Perplexity signs $750 million AI cloud deal with Microsoft, Bloomberg News reports
Jan 29 : AI startup Perplexity has signed a $750 million agreement with Microsoft to use its Azure cloud service, Bloomberg News reported on Thursday, citing people familiar with the matter.The three-year deal will allow Nvidia-backed Perplexity to run a range of AI models through Microsoft's F ...
Trading day: Volatility surge, tech wreck
Oil prices surge 3% to five-month high on worries US could attack Iran
Iran is the third-biggest crude producer in Opec
What’s the potential cost of India’s US$100 billion bet on AI data centres?
India’s data centre investments are set to top US$100 billion by 2027, even as water, power and environmental concerns slow expansion elsewhere. In part two of CNA’s series on India’s AI push, we look at what’s driving the boom - and the lessons ahead.
Commentary: A breakthrough law won’t kill Korea’s AI revolution
South Korea is stress-testing how an advanced economy can roll out AI without letting scams, deepfakes and slop wallop public trust, says Catherine Thorbecke for Bloomberg Opinion.
Tech selloff drags Europe stocks lower as SAP’s results disappoint
EUROPE’S benchmark share index gave up early gains to close lower on Thursday, weighed by a selloff in technology stocks as results...
US mulls tapping Robinhood for 'Trump accounts' for kids, Bloomberg News reports
Jan 29 : The U.S. government is considering selecting fintech Robinhood Markets for a key role in overseeing "Trump accounts" it is creating for millions of children, Bloomberg News reported on Thursday, citing people familiar with the matter.Robinhood declined to comment on the report, wh ...
US stocks: S&P 500, Nasdaq close down as Big Tech’s soaring AI budgets trigger flight
WALL Street’s main indexes finished lower on Thursday with technology-heavy Nasdaq leading declines as investors were rattled by the latest earnings reports...
Australia's Nine snaps up QMS for $599 million, dumps radio in digital-first reshuffle
Jan 30 : Australia's Nine Entertainment said on Friday will acquire digital outdoor advertising firm QMS Media from Quadrant Private Equity for A$850 million ($599.08 million) on a cash‑ and debt‑free basis.The deal marks a further shift in Nine's portfolio toward higher‑growth digit ...
Australia's Nine speeds digital pivot with $599 million QMS deal, shares jump
Jan 30 : Australia's Nine Entertainment on Friday accelerated its shift toward digital media, announcing an A$850 million ($597.7 million) deal for outdoor advertiser QMS Media and an exit from broadcast radio, sending its shares higher.Nine shares rose as much as 5.5 per cent to A$1.14 by 1203 ...
Exclusive-Pentagon clashes with Anthropic over military AI use - sources
WASHINGTON/SAN FRANCISCO, Jan 29 : The Pentagon and artificial-intelligence developer Anthropic are at odds over potentially eliminating safeguards that might allow the government to use its technology to target weapons autonomously and conduct U.S. domestic surveillance, three people familiar with ...
Exclusive-Pentagon clashes with Anthropic over military AI use, sources say
WASHINGTON/SAN FRANCISCO, Jan 29 : The Pentagon is at odds with artificial-intelligence developer Anthropic over safeguards that would prevent the government from deploying its technology to target weapons autonomously and conduct U.S. domestic surveillance, three people familiar with the matter tol ...
SGX moves to encourage more investors to use broker custody accounts for their holdings
Ranamita Chakraborty - Currently, SGX-listed securities in two-thirds of retail accounts are held directly with CDP
Amazon in talks to invest up to $50 billion in OpenAI, WSJ reports
Jan 29 : Amazon is in talks to invest as much as $50 billion in OpenAI, the Wall Street Journal reported on Thursday, citing people familiar with the matter.OpenAI is looking to raise up to $100 billion in funding, valuing it at about $830 billion, Reuters reported on Tuesday. SoftBank Group Corp is ...
Amazon in talks to invest as much as $50 billion in OpenAI, source says
Jan 29 : Amazon is in talks to invest dozens of billions in ChatGPT-maker OpenAI and the figure could be as high as $50 billion, a source told Reuters on Thursday.The discussion is still in the early stages and the final numbers have not been finalized, the source said. Big Tech companies and invest ...
Study finds greater role for genetics in driving human lifespan
WASHINGTON, Jan 29 : Many factors influence how long you live, such as diet, exercise, smoking, drinking, environment and other variables. It also helps not to get hit by a dump truck. But what about your genes? That has been a contentious question for decades. A new study points to a larger role fo ...
Exclusive-Musk's SpaceX in merger talks with xAI ahead of planned IPO, source says
NEW YORK, Jan 29 : Elon Musk's SpaceX and xAI are in discussions to merge ahead of a blockbuster public offering planned for later this year. The combination would bring Musk’s rockets, Starlink satellites, the X social media platform and Grok AI chatbot under one roof, according to a person ...
SpaceX in merger talks with other Musk companies ahead of IPO
NEW YORK, Jan 29 : SpaceX is exploring deals with other companies helmed by serial entrepreneur Elon Musk, leaving investors working through permutations between space, autonomous driving and artificial intelligence to analyze which combination makes the most sense.The rocket maker is in discussions ...
Crypto bill advances in US Senate but faces obstacles
Jan 29 : The U.S. Senate Agriculture Committee, which oversees commodities trading, advanced a bill on Thursday that would establish a federal regulatory framework for cryptocurrencies on a party-line vote, an indication that the legislation likely lacks enough support to be passed by the full Senat ...
York Space valued at $4.75 billion as shares surge in NYSE debut
Jan 29 : York Space Systems clinched a valuation of $4.75 billion in its market debut, as investors bet on sustained Pentagon spending on space and defense to drive growth.The Denver, Colorado-based company's stock opened 11.8 per cent higher at $38 on the New York Stock Exchange. It raised $62 ...
York Space valued at $4.75 billion in NYSE debut on Pentagon spending bets
Jan 29 : York Space Systems clinched a valuation of $4.75 billion in its market debut on Thursday, as investors bet on sustained Pentagon spending on space and defense to drive growth.The Denver, Colorado-based company's stock opened 11.8 per cent higher at $38 on the New York Stock Exchange. I ...
Batista brothers' PicPay valued at $2.5 billion as shares jump in Nasdaq debut
Jan 29 : Shares of PicPay, controlled by the billionaire Batista family, jumped 2.6 per cent in their Nasdaq debut on Thursday, valuing the Brazilian digital bank at $2.53 billion.
Apple acquires audio AI startup Q.ai
SAN FRANCISCO, Jan 29 : Apple on Thursday said it has acquired Q.ai, an Israeli startup working on artificial intelligence technology for audio.Q.ai's founding team will join Apple, including CEO Aviad Maizels, who previously founded three-dimensional sensing firm PrimeSense and sold it to Appl ...
Apple acquires Israeli audio AI startup Q.ai
SAN FRANCISCO, Jan 29 : Apple on Thursday said it has acquired Q.ai, an Israeli startup working on artificial intelligence technology for audio.Apple did not disclose terms of the deal for Q.ai, which was backed by venture capital firms Matter Venture Partners, Kleiner Perkins, Spark Capital, Exor a ...
Bitcoin drops below US$86,000 as traders retreat from risk assets
[NEW YORK] Bitcoin dropped below US$86,000 for the first time in about six weeks amid a pullback in risk assets.
Analysis:Is chip giant ASML about to hit a ceiling, or break through it?
AMSTERDAM, Jan 29 : ASML's latest results reignited the rally that has made it Europe's most valuable company, until questions about its capacity to meet record orders sent the stock sliding - highlighting just how stretched expectations have become.Shares in the Dutch chip-machine maker i ...
Digital euro to provide retail payments backbone Europe needs, ECB's Cipollone says
MILAN, Jan 29 : The euro zone needs to be self-sufficient in handling payments and the digital euro will provide the necessary infrastructure for retail transactions, European Central Bank Executive Board Member Piero Cipollone said on Thursday.The ECB is working on a digital version of the single c ...
Digital euro can help make euro zone self-sufficient in payments, ECB's Cipollone says
MILAN, Jan 29 : The euro zone needs to be self-sufficient in handling payments and the digital euro will provide the necessary infrastructure for retail transactions, European Central Bank Executive Board Member Piero Cipollone said on Thursday.Speaking remotely at a conference in Italy, Cipollone s ...
US software stocks slump as AI disruption fears take over
Jan 29 : U.S. software stocks fell on Thursday after SAP's underwhelming cloud outlook and a post-earnings slide in ServiceNow deepened concerns that traditional providers are being outpaced by artificial-intelligence players.Germany's SAP plunged more than 16 per cent as analysts flagged ...
US software stocks slide after SAP, ServiceNow results fuel AI disruption fears
Jan 29 : U.S. software stocks fell on Thursday after SAP's cautious cloud outlook and a post-earnings drop in ServiceNow shares reinforced investor concerns about mounting competition from artificial intelligence-related companies.ServiceNow dropped 9.6 per cent despite forecasting annual subsc ...
