2 days ago
Iran, US agree on deal to extend ceasefire and open Hormuz, say sources, pending Trump’s approval
Washington was ‘not there yet’ with Iran on an agreement but that the parties were close, says US V-P Vance
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
2 days ago
Iran, US agree reach deal to extend ceasefire and open Hormuz, say sources, pending Trump’s approval
Iran’s Tasnim news agency said the text of the agreement had not been finalised or confirmed
2 days ago
Iran and US reach outline ceasefire deal after latest attacks, says report
[WASHINGTON/DUBAI] The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of President Donald Trump,...
2 days ago
US revises first quarter growth down while inflation climbs
WASHINGTON: The US economy expanded less than initially estimated in the first quarter, government data showed on Thursday (May 28), while a key inflation gauge separately hit a three-year high on fallout from the Mid
2 days ago
Japan's major banks to use OpenAI's new model to thwart cyberattacks, Nikkei reports
May 28 : Japan's three biggest banks — MUFG Bank, Sumitomo Mitsui Banking Corp and Mizuho Bank — are expected to gain access to OpenAI's latest model to defend against cyberattacks, the Nikkei newspaper reported on Thursday.The model, available only to trusted partners, is believed to ...
2 days ago
Japan's major lenders to use OpenAI's new model to thwart cyberattacks, Nikkei reports
May 28 : Japan's three biggest banks - MUFG Bank, Sumitomo Mitsui Banking Corp and Mizuho Bank - are expected to gain access to OpenAI's latest model to defend against cyberattacks, the Nikkei newspaper reported on Thursday.
2 days ago
Fed’s Musalem says officials can’t rely on AI boom to fix inflation
Investors are betting there is more than a 50 per cent chance the Fed will raise rates by the end of the...
2 days ago
Meta commits $13 million in additional funding for oversight board until 2028
May 28 : Meta's Oversight Board said on Thursday it has secured $13 million in additional funding from the social media company to secure the independent watchdog's operations through 2028.Social media platforms have been facing intense pressure to balance allowing free speech and curbing ...
2 days ago
Meta commits extra funding to oversight board until 2028
May 28 : Meta Platforms' Oversight Board said on Thursday the tech giant has committed additional funding to secure the independent watchdog's operations through 2028.Social media platforms have been facing intense pressure to balance allowing free speech and curbing misinformation, while ...
2 days ago
Groq raising up to $650 million from existing investors, source says
May 28 : Groq is raising up to $650 million from existing investors, a source familiar with the matter told Reuters on Thursday, after the AI chip startup signed a $17 billion licensing deal with Nvidia in December. Groq has been shifting focus away from hardware toward AI inferencing, where it spec ...
2 days ago
Groq targets $650 million fundraise after Nvidia licensing deal, Axios reports
May 28 : Groq is raising up to $650 million from existing investors, Axios reported on Thursday, after the AI chip startup signed a $17 billion licensing deal with Nvidia in December. Groq has been shifting focus away from hardware toward AI inferencing, where it specializes in enabling trained AI m ...
2 days ago
China's BYD steps up assisted-driving push
Chairman Wang Chuanfu said the carmaker aimed to achieve "zero traffic accidents" through intelligent-driving technology.
2 days ago
Warsh’s new challenge: Containing Fed hawks as inflation simmers
KEVIN Warsh won the race for Federal Reserve chairman partly by mapping out a route to lower interest rates. Now, the new...
2 days ago
Sri Lanka monetary stance appropriate, 3% growth target within reach, IMF says
COLOMBO, May 28 : Sri Lanka's monetary stance is broadly appropriate, and the country still has strong potential to reach the International Monetary Fund's 3 per cent growth target, the head of the IMF's Sri Lanka mission said on Thursday.He was speaking two days after Sri Lanka' ...
2 days ago
Mooreast aims to raise $6 mil by issuing new shares at 13.5 cents each
The Edge Singapore - Mooreast Holdings is the latest to join a growing line of listcos doing secondary fund raisings. The company has appointed Zico Capital to raise and Maybank Securities to help raise up to $6 million by selling 44.45 million new shares at 13.5 cents each. These new shares will enlarge Mooreast's ...
2 days ago
Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Ranamita Chakraborty - With a reduced holding of 2%, he ceases to be a substantial shareholder
2 days ago
Osim founder Ron Sim drops claims against Trek 2000, sells 7.3% stake to Azure Capital
Ranamita Chakraborty - With a reduced holding of 2%, he ceases to be a substantial shareholder
2 days ago
Trek 2000 shares jump 41.5% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital
Ranamita Chakraborty - With a reduced holding of 2%, he ceases to be a substantial shareholder
2 days ago
Wall St muted as investors assess inflation data, Mideast developments
[NEW YORK] Wall Street’s main indexes retreated from record highs on Thursday (May 28) as escalating tensions between the US. and Iran...
2 days ago
Dow, S&P 500 and Nasdaq drift lower following US strikes near Strait of Hormuz
[NEW YORK] Wall Street’s main indexes retreated from record highs on Thursday (May 28) as escalating tensions between the US. and Iran...
2 days ago
Anthropic to boost hiring in Europe after opening Milan office
MILAN, May 28 : Anthropic will continue expanding in Europe after opening its sixth office on the continent in Milan on Thursday, Chris Ciauri, managing director for international at the U.S. AI startup, said.The company plans to triple its international workforce to meet rising demand for its ...
2 days ago
ST Engineering names its group COO and commercial aerospace president as group deputy CEO
Ranamita Chakraborty - The group deputy CEO post has been vacant for 9 years, but the company says filling it now reflects its expansion
2 days ago
Tan of DBS maintains 'hold' on MINT pending further positive developments
The Edge Singapore - Derek Tan of DBS Group Research notes two positive updates from Mapletree Industrial Trust. However, he prefers to keep his "hold" call for now, pending further improvements before changing his recommendation. "In our view, much of the negativity is already reflected in the share pric ...
2 days ago
Crypto companies without EU licences face prosecution, French regulator warns
PARIS, May 28 : France’s top markets regulator warned crypto companies they could be blacklisted and sued if they do not get an EU licence to operate by end of June, as the bloc fully rolls out tighter regulation of crypto.Under the European Union's crypto rules, MiCA, crypto companies have u ...
2 days ago
Nebius shares hit two-week high as former OpenAI employee's fund buys stake
May 28 : Nebius Group's shares climbed 9 per cent on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.The stock hit its highest in two weeks after the fund, named Situational Awareness, disclosed that it owned 12.41 millio ...
2 days ago
Nebius shares jump as former OpenAI employee's fund buys stake
May 28 : Nebius Group's shares climbed 6.4 per cent on Thursday after a fund run by former OpenAI employee Leopold Aschenbrenner disclosed a stake in the AI infrastructure firm.The stock hit its highest in two weeks after the fund, named Situational Awareness, disclosed that it owned 12.41 mill ...
2 days ago
Nebius shares jump more than 10% as former OpenAI employee's fund buys stake
May 28 : AI infrastructure firm Nebius Group's shares climbed over 10 per cent in premarket trading on Thursday, after Situational Awareness, a fund run by a former OpenAI employee named Leopold Aschenbrenner, became its biggest shareholder.The gains put the stock on track to open at its highes ...
2 days ago
OKP wins $165.3 mil contract from LTA
The Edge Singapore - OKP Holdings has won a $165.3 million contract to be fulfilled over 48 months from the Land Transport Authority. Under terms of the contract, OKP will design and build lift shafts and associated commuter infrastructure at pedestrian overhead bridges across 30 locations. As of May 26, the company ...
2 days ago
Fearsome dinosaur-era marine reptile was the T. rex of the sea
May 28 : Tyrannosaurus rex was a huge land predator during the twilight of the age of dinosaurs. But it was not the only T. rex that terrorized the Cretaceous Period. There also was a marine reptile named Tylosaurus rex - the T. rex of the sea - that rivaled its land counterpart in size and ferocity ...
2 days ago
CNN files lawsuit against Perplexity alleging unlawful content distribution
May 28 : CNN on Thursday filed a lawsuit against Perplexity in New York federal court, alleging the AI search engine provider is unlawfully distributing its copyrighted content, marking the latest legal tussle between the AI firm and a news publisher. The complaint said that Perplexity unlawfully co ...
2 days ago
CNN files suit against Perplexity alleging unlawful content distribution
May 28 : CNN on Thursday filed a lawsuit against Perplexity, alleging the AI search engine provider is unlawfully distributing its copyrighted content, marking the latest legal tussle between the AI firm and a news publisher. "CNN's lawsuit stands for the proposition that Perplexity, a com ...
2 days ago
China says EU using trade data selectively to justify import curbs, warns of response
BEIJING: China's foreign ministry on Thursday (May 28) accused the European Union of using trade data selectively to justify claims of imbalances, after the bloc said it was looking to broaden import quotas and tariffs on Chinese goods to protect vulnerable industries. Beijing was responding af ...
2 days ago
US Treasury rolls out Trump Accounts app nationwide
May 28 : The U.S. Department of the Treasury said on Thursday it had launched Trump Accounts on app stores nationwide, advancing a policy initiative that aims to create millions of investment accounts for children. The rollout marks a key step in implementing the program, which seeks to encourage lo ...
2 days ago
Chinese dronemaker DJI defends security of products
WASHINGTON, May 28 : Chinese dronemaker DJI on Thursday told U.S. lawmakers an outside review showed its drones do not pose security risks as it urged Washington to drop a ban on its newest products.In February, DJI, the world's largest dronemaker, filed suit challenging the U.S. Federal Commun ...