US judge dismisses Musk's fraud claims in OpenAI case at his request, plans to proceed to trial
April 24 : A U.S. judge on Friday dismissed Elon Musk's fraud claims in his lawsuit accusing OpenAI and co-founder Sam Altman of betraying OpenAI's original mission, but plans to proceed to trial on Musk's breach of charitable trust and unjust enrichment claims.The ruling was issued b ...
S&P 500, Nasdaq close at records on tech lift, Iran peace talk hopes
The Dow has snapped a three-week run higher
European stocks fall as investors await word of Iran peace talks
US shares have also been supported by artificial intelligence-driven earnings momentum in technology stocks
Toyota supplier Denso to withdraw bid for Rohm, Nikkei says
TOKYO, April 25 : Japanese auto parts giant Denso will withdraw its offer to acquire Rohm after it failed to win the chipmaker's support for the tie-up, the Nikkei reported on Saturday. A Denso spokesperson said the business daily's story was not based on something the company has announce ...
Toyota supplier Denso to withdraw proposal to buy chipmaker Rohm, Nikkei says
TOKYO, April 25 : Japanese auto parts giant Denso will withdraw its offer to acquire Rohm after it failed to win the chipmaker's support for the tie-up, the Nikkei business daily said on Saturday. Toyota supplier Denso had made the bid last month in a move that would have expended its control o ...
S&P 500, Nasdaq end at records as Intel shares surge
NEW YORK: Major Wall Street indices closed at fresh records as markets cheered the latest batch of earnings reports and US and Iranian officials headed to Pakistan for expected peace talks
Brazil blocks prediction platforms, tightens rules to curb 'bet-like' products
BRASILIA, April 24 : Brazil has blocked prediction market platforms and tightened derivatives rules to curb "bet-like" products, Finance Minister Dario Durigan said on Friday, arguing such markets breach betting regulations approved by Congress.Speaking at a press conference, Durigan said ...
UI Boustead REIT launches maiden investment in UIB Konan Phase 3 development project
Teo Zheng Long - UI Boustead REIT (SGX: UIBU ) announced that it has entered into various agreements to co-invest in the development of UIB Konan Phase 3, which comprises of two logistics facilities in Konan City, Shiga Prefecture, Japan. Upon completion of the development, it will be managed by UI Japan, a wholly-o ...
US Justice Department intervenes in xAI challenge to Colorado tech law
April 24 : The U.S. Justice Department said on Friday it intervened in a lawsuit by xAI challenging Colorado's 'algorithmic discrimination' law.
Google to invest up to $40 billion in AI rival Anthropic
April 24 : Google-parent Alphabet will invest up to $40 billion in Anthropic, as the tech giant deepens its partnership with the artificial intelligence startup that is also its rival in the global AI race. Anthropic said on Friday that Google has committed $10 billion now in cash at a valuation of ...
Google plans to invest up to $40 billion in Anthropic, Bloomberg News reports
April 24 : Google-parent Alphabet will invest $10 billion in AI startup Anthropic, with another $30 billion potentially to follow, Bloomberg News reported on Friday.Google is committing $10 billion now in cash at a $350 billion valuation and will invest a further $30 billion if Anthropic meets perfo ...
Boustead Projects secures construction contract from public sector client exceeding $400 mil
Teo Zheng Long - Boustead Projects E&C, Boustead Singapore’s (SGX: F9D ) engineering and construction business under its real estate solutions division, has been awarded a contract involving the construction of an office complex in Singapore for a public sector client. This latest contact, valued at over $400 ...
German prosecutors investigate phishing attack targeting politicians
BERLIN, April 24 : German federal prosecutors are investigating phishing attacks made via messaging apps, they said on Friday, after the country's main intelligence service warned of a campaign targeting high-profile politicians, diplomats, military officers and journalists.A spokesperson said ...
Fu Yu shareholders question board credentials amid governance turmoil
Tessa Oh - Directors’ nationalities and seeming lack of experience with SGX-listed companies are among their concerns
SHS Holdings receives EGM requisition to implement equal access share buyback at 17 cents per share
Teo Zheng Long - A group of SHS Holdings’ 566 shareholders who claims to control 23.5% of the shares are calling for an EGM for the company to conduct equal access share buyback offer at a price of 17 cents or up to 50% premium over the average closing share price for the last five market days. Apart from the abov ...
US chipmakers hit record highs as Intel turbocharges AI rally
April 24 : U.S. chip stocks soared to record highs on Friday, with Intel's unexpectedly strong revenue forecast fueling fresh optimism that the AI boom driving this year's rally in the semiconductor sector is showing no signs of slowing down.The foremost stock index for chip makers - the P ...
Meta inks multibillion-dollar deal to use Amazon chips for AI
The deal is the latest Big Tech tie-up as the industry scrambles to secure sufficient processors to power AI models
S&P 500, Nasdaq open higher on fresh hopes of US-Iran talks
[NEW YORK] The S&P 500 and the Nasdaq Composite rose on Friday (Apr 24) as renewed hopes for US-Iran negotiations to end...
P&G warns of US$1 billion profit hit in fiscal 2027 from higher oil prices
P&G joins a host of global companies flagging significant cost pressures from the war in Iran
Data center provider Csquare confidentially files for US IPO
April 24 : Data center provider Csquare said on Friday it has confidentially filed for an initial public offering in the United States, banking on improving investor appetite for new listings.The IPO market has picked up pace in recent days, with waning fears of a drawn-out Middle East conflict boos ...
Plans for Paragon AEI ‘well advanced’ before ‘unsolicited’ CICT offer: Cuscaden Peak
Shikhar Gupta - CICT’s bid was ‘considered carefully’, taking into account Paragon’s long-term needs
As interest moves to semiconductor value chain stocks, the STI continues consolidation
Goola Warden - On Apr 24, prices of stocks related to the semiconductor value chain such as Sunright, AEM and UMS moved up sharply as evidenced by the following charts. Sunright is the subject of The Edge Singapore’s Frankly Speaking.
Uzbekistan to sell 30% stake in National Investment Fund in London, Tashkent IPOs
TASHKENT, April 24 : The government of Uzbekistan will sell a 30 per cent stake in the Central Asian country's National Investment Fund (UzNIF) in initial public offerings on the London and Tashkent stock exchanges in May, the president's press service said on Friday.The IPO will mark the ...
iFast says it’s not a key beneficiary of crisis-driven inflows, flags risk from Middle East tensions
Jean Low - It also unveils its planned CAGR at its AGM on Friday, but shareholders question the projections
Meta strikes deal with Amazon's cloud unit to use its CPU chips
SAN FRANCISCO, April 24 : Meta Platforms and Amazon.com on Friday said Meta will use Amazon Web Services' (AWS) Graviton5 central processing unit (CPU) chips, a deal an AWS executive told Reuters would span multiple years and be worth billions of dollars.• Meta will use "tens of millions ...
Charter sheds more broadband customers than expected in first quarter
April 24 : Charter Communications on Friday reported more broadband customer losses in the first quarter than analysts estimated, as telecom rivals offered aggressive promotional deals to draw users away from traditional cable internet.The company's shares fell more than 18 per cent to a near f ...
Geely’s Caocao to deploy thousands of fully customised robotaxis in 2027
Large-scale delivery and deployment of the Eva Cab is expected in 2028 before the fleet expands to 100,000 by 2030: CEO of...
COE quota: Cat A falls 2%, Cat B rises 7% for May to July
Shikhar Gupta - Bidding under this new quota will start on May 4
COE quota rises 1% to 19,052 for May to July
Shikhar Gupta - Bidding under this new quota will start on May 4
No prosecution for Seatrium over Brazilian corruption offences, High Court approves US$110 million penalty
Tessa Oh - This is the first deferred prosecution agreement approved by the Singapore court that involves a corporate entity
Europe’s markets watchdog warns cyber threats are growing as AI speeds up risks
PARIS, April 24 : The chief of Europe’s securities regulator said the risks from and potential speed of cyberattacks are growing, joining a chorus of warnings from financial supervisors on the threats posed by artificial intelligence models that are evolving quickly. Geopolitical tensions have inc ...
STI dips 0.4% as investors are concerned about war and inflation
Tay Peck Gek - Benchmark Straits Times Index falls 21.25 points to finish at 4,922.86
Mitsubishi Electric considers alliance with Foxconn for joint automotive equipment operation
TOKYO, April 24 : Mitsubishi Electric signed a memorandum of understanding with Foxconn on Friday to explore a strategic alliance covering their automotive equipment businesses, with Mitsubishi Electric considering transferring a 50 per cent stake in its automotive unit to the Taiwanese manufacturer ...
Warburg Pincus-backed PDG taps Goldman for stake sale: sources
Other investment firms and industry players have shown interest in the data center operator
