2 days ago
Stocks to watch: SIA, First Resources, Netlink, ThaiBev, CSE, Aspial, Marco Polo, CNMC
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 15):
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Aspial Lifestyle proposes S$84.8 million rights and placement issue to fund pawnbroking, lending businesses
Shikhar Gupta - Under the preferential offering, 61.7 million new shares will be offered to eligible shareholders
2 days ago
Aspial Lifestyle launches S$84.8 million equity funding to grow pawnbroking, lending businesses
Shikhar Gupta - Under the preferential offering, 61.7 million new shares will be offered to eligible shareholders
3 days ago
Boeing shares drop 4% after Trump announces China orders 200 jets; number below expectations
The talks had been for 500 Boeing 737 Max jets, plus possibly dozens of more expensive widebody jets in follow-on orders
3 days ago
First Resources Q1 net profit up 53.1% at US$96.6 million on stronger sales, production output
Therese Soh - It has posted a 70.4% year-on-year increase in sales to US$477.2 million
3 days ago
Steady trading across asset classes as SGX securities turnover rises 6% in April
Jermaine Fok - Increase driven by strong retail participation in small and mid-cap stocks, growing open interest in key derivatives
3 days ago
Japan's wholesale inflation spikes on energy shock, bolsters case for June rate hike
TOKYO, May 15 : Japan's wholesale inflation accelerated in April at the fastest pace in three years as the Iran war boosted oil and chemical goods prices, data showed on Friday, bolstering the case for the central bank to raise interest rates as soon as June.The data came after a Bank of Japan ...
3 days ago
Japan April wholesale inflation rate spikes on rising import costs
TOKYO, May 15 : Japan's wholesale prices in April rose a faster-than-expected 4.9 per cent from a year earlier, data showed on Friday, highlighting mounting inflationary pressures from the Iran war-induced spike in oil costs.The data will likely add pressure on the Bank of Japan to raise intere ...
3 days ago
US judge considers Anthropic's $1.5 billion settlement of authors' lawsuit
May 14 : A federal judge on Thursday pressed lawyers for more information on several points of artificial intelligence company Anthropic’s proposed $1.5 billion settlement with authors who accused it of misusing their books to train its AI chatbot Claude.U.S. District Judge Araceli Martinez-Olguin ...
3 days ago
Trump says China’s Xi offered help on Iran as ship seized near UAE
“He said he’s not going to give them military equipment,“ Trump said
3 days ago
Trump says China offered help on Iran as ship seized near UAE
Both sides agreed that Hormuz must be open to support the free flow of energy
3 days ago
Ship reported seized off UAE as Trump discusses Iran with Xi at Beijing summit
In a separate incident, an Indian cargo vessel en route to the UAE was sunk on May 13 off Oman
3 days ago
Hana Bank to acquire stake in Dunamu for $700 million, filing says
SEOUL, May 15 : South Korea's Hana Bank will acquire a 1 trillion won ($700 million) stake in Dunamu, operator of the country's largest cryptocurrency exchange, the bank's holding company said in a regulatory filing on Friday.In a separate filing, Kakao Corp. said its investment subsi ...
3 days ago
From Tai Sin Electric to Toku: Industrials, tech stocks rule in RHB’s refreshed list of small-cap ‘jewels’
Chloe Lim - Those listed have, for example, compelling valuations, strong balance sheets and growth potential
3 days ago
Trump, Xi set for second day of talks in Beijing after Taiwan warning
The two leaders are scheduled to have tea and lunch before Trump flies back to the US
3 days ago
Trump leaves Beijing with few wins but warm words for Xi
‘We’ve made some fantastic trade deals, great for both countries,’ says Trump
3 days ago
Trump touts business wins at talks with Xi on second day of summit; China airs Iran concerns
‘We’ve made some fantastic trade deals, great for both countries,’ says Trump
3 days ago
Oil rises more than 1% after Trump flags China’s interest in US supplies
Both Trump and Xi agreed the Strait of Hormuz must be open for the free flow of energy
3 days ago
Oil ends flat as tanker crossings through Strait of Hormuz temper supply fears
Both Trump and Xi agreed the Strait of Hormuz must be open for the free flow of energy
3 days ago
Wall Street ends higher on tech rally; investors eye Trump-Xi talks in Beijing
The Dow closed just 0.3 per cent shy of its all-time closing high reached on Feb 10
3 days ago
European shares end at one-week highs on tech boost
Europe’s exposure to AI hardware firms pales in comparison with its US and Asian peers
3 days ago
NASA's Psyche probe nears Mars for gravity boost en route to metal-rich asteroid
LOS ANGELES, May 14 : NASA's Psyche probe was headed for a close encounter with Mars on Friday and a planned gravity boost to set the spacecraft on its final course to the solar system's largest known metallic asteroid, thought to be the remnant core of an ancient protoplanet.The Psyche pr ...
3 days ago
OpenAI brings Codex coding tool to ChatGPT mobile app
May 14 : OpenAI said on Thursday its coding tool Codex was being added to the ChatGPT mobile app, expanding access to the product as competition intensifies in the market for AI code-generation tools.Coding tools have become an important way for AI companies to reach business customers, with OpenAI ...
3 days ago
Applied Materials sees quarterly revenue above estimates on sustained AI spending
May 14 : Applied Materials on Thursday forecast third-quarter revenue and adjusted profit above Wall Street estimates, betting that heavy spending on data centers and AI infrastructure will sustain strong demand for its chip-making tools.Shares of the Santa Clara, California-based company rose more ...
3 days ago
Applied Materials sees upbeat quarterly revenue on sustained AI spending
May 14 : Applied Materials on Thursday forecast third-quarter revenue above Wall Street estimates, betting that heavy spending on data centers and AI infrastructure would sustain strong demand for its chip-making tools.Shares of the Santa Clara, California-based company rose 6 per cent in extended t ...
3 days ago
FCC approves Verizon's $1 billion spectrum purchase
WASHINGTON, May 14 : The Federal Communications Commission said Thursday it has approved Verizon's 2024 $1 billion deal to acquire some spectrum assets from U.S. Cellular to expand its network capacity and coverage.Last year after T-Mobile acquired most of U.S. Cellular's wireless operatio ...
3 days ago
OpenAI explores legal options against Apple, source says
May 14 : Apple's two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from its deal with the iPhone maker and preparing possible legal action, a person familiar with the matter said on Thursday.OpenAI wanted to resolve its issues wit ...
3 days ago
OpenAI explores legal options against Apple, Bloomberg News reports
May 14 : Apple's two-year-old partnership with OpenAI has become strained, with the AI startup failing to see the expected benefits from the deal and now preparing possible legal action, Bloomberg News reported on Thursday.OpenAI lawyers are actively working with an outside legal firm on a rang ...
3 days ago
Blackstone data center vehicle makes muted debut after $1.75 billion IPO
May 14 : Shares of Blackstone's newly minted investment vehicle opened flat in their market debut on Thursday, after the company raised $1.75 billion in its U.S. initial public offering with plans to buy data center assets.New York-based Blackstone Digital Infrastructure Trust's stock open ...
3 days ago
Blackstone data center vehicle opens flat in New York debut after $1.75 billion IPO
May 14 : Shares of Blackstone Digital Infrastructure Trust opened flat in their New York Stock Exchange debut on Thursday, after the newly minted investment vehicle raised $1.75 billion in its U.S. initial public offering.The New York-based company's stock opened at $20 per share. It had sold 8 ...
3 days ago
Italy parents’ group faces Meta, TikTok in Milan court over minors’ social media use
ROME, May 14 : An Italian parents' group and a number of families faced off against Meta and TikTok on Thursday in the first hearing of a lawsuit that seeks to restrict minors' access to social media platforms.The hearing took place before Milan’s business court and concerns a class inju ...
3 days ago
Anthropic, Gates Foundation launch $200 million partnership for AI in health, education
SAN FRANCISCO, May 14 : Anthropic and the Gates Foundation have pledged $200 million to back artificial intelligence-related public goods and areas including health and education, they said on Thursday.Support from Anthropic's technical staff and usage credits for its Claude AI will account for ...
3 days ago
Musk's lawyer challenges Altman's credibility as OpenAI trial nears end
OAKLAND, California, May 14 : A lawyer for Elon Musk hammered at the credibility of OpenAI CEO Sam Altman on Thursday, near the end of a trial at which Musk wants jurors to hold the ChatGPT maker and its leaders responsible for transforming the nonprofit into a vehicle to enrich themselves.Musk is s ...
3 days ago
Elon Musk's court battle against OpenAI enters homestretch
OAKLAND, California, May 14 : A trial that may shape the future of OpenAI enters its final stages on Thursday, as lawyers for Elon Musk try to convince a jury to hold the ChatGPT maker's leaders responsible for transforming the nonprofit into a vehicle to enrich themselves.Closing arguments are ...