Adobe CFO exit fans strategy worries despite outlook raise
June 11 : Adobe on Thursday announced the exit of CFO Dan Durn, adding to concerns about the Photoshop maker's strategy to navigate the crowded design industry, though the company raised its annual revenue and profit forecasts.Durn's exit comes only three months after long-time CEO Shantan ...
Adobe raises annual forecasts, CFO exit fans uncertainty over growth strategy
June 11 : Adobe raised its annual revenue and profit forecasts on Thursday, but the sudden exit of CFO Dan Durn added to concerns about the company's strategy to navigate the crowded design industry.Shares of the Photoshop maker fell 5 per cent in extended trading.Steve Day, senior vice preside ...
Adobe raises annual revenue forecast, CFO to exit
June 11 : Adobe raised its annual revenue forecast on Thursday, signaling increased adoption of its AI tools, and announced the departure of CFO Dan Durn, only three months after the Photoshop maker's CEO said he would step down. Shares of the company fell around 6 per cent in extended trading. ...
States challenge Nasdaq, FTSE Russell for fast-tracking SpaceX
(In first paragraph, corrects number of states challenging indexes to four from five)By Ross KerberJune 11 : Investment leaders from four large states pressed Nasdaq and FTSE Russell for details about recent rule changes favoring SpaceX and other megacap IPOs, and suggested the index providers put t ...
Israeli firm BlackCore suspected of meddling in New York and Scotland votes, France says
PARIS, June 11 : Israeli firm BlackCore, suspected of interfering in France's local elections in March, is also suspected of meddling in elections in New York City and Scotland, and operating in Angola and Togo, France's disinformation detection service, Viginum, said on Thursday.Last mont ...
Clear cut case of no rate cut, no shortcut to lower US debt: Yellen
Lin Daoyi - Former Federal Reserve Chair Janet Yellen does not see the US cutting its purse strings anytime soon as the country continues to issue debt. “There’s no serious discussion of deficit reduction,” she says at the Amundi World Investment Forum held in Paris from June 11-12. Yellen believes that c ...
Scientists unlock the secret behind the Venus flytrap's snap
June 11 : Pity the poor fly that lands on a Venus flytrap. When the insect touches hair-like structures on this remarkable carnivorous plant, its trap snaps shut, dooming the victim to be digested over several days in secreted enzymes. Scientists have now found the physical mechanism behind this sna ...
Anthropic pursues data center leases, seeks financial backing from Google, The Information reports
June 11 - AI firm Anthropic is planning to lease and manage its own data centers and is seeking financial backing from Alphabet's Google for the lease payments, The Information reported on Thursday.Here are some details:• Anthropic, the creator of the Claude Code AI assistant, has signed more ...
Lyft, Uber sue New York City to block driver retention law
NEW YORK, June 11 : Lyft joined Uber Technologies in suing New York City to block a new law they said would force them to keep bad drivers who threaten public and passenger safety on their platforms.The Lyft lawsuit was filed late Wednesday in Manhattan federal court, 24 hours after Uber sued.Both c ...
Danantara COO says new DSI unit will oversee exports
JAKARTA, June 11 : The unit of sovereign wealth fund Danantara Indonesia set up as designated exporter for Indonesia's strategic commodities will oversee deals to prevent fraudulent practices, but will not itself take over exports, a fund executive said on Thursday. • Regulations issued earli ...
Novo Nordisk flags patient data breach from some clinical trials in cyberattack
June 11 : Novo Nordisk said on Thursday it has identified a security incident in which certain information, including patient data from some clinical trials, was copied externally without authorization from its internal IT systems.The company, maker of the blockbuster weight-loss drug Wegovy, said i ...
Novo Nordisk hit by cyber incident, probes data breach
June 11 : Novo Nordisk said on Thursday it has identified a security incident involving unauthorized access to a limited number of internal IT systems.The company said it has launched a probe with the assistance of external cybersecurity experts, and are in contact with the relevant authorities.The ...
Oracle shares slide as hefty AI spending, debt plans spook investors
June 11 : Oracle shares tumbled 12 per cent on Thursday as surging spending and a ballooning debt load fanned investor concerns about the cash burn in the company's push to build out AI infrastructure.If the losses persist, the stock would log its biggest one-day drop since January last year, w ...
WuXi AppTec files complaint against US DoD for linking it to Chinese military
June 11 : WuXi AppTec said on Thursday that it has filed a complaint at the United States District Court for the District of Columbia against the Department of Defense for including the company in a list linked to the Chinese military.
Four developed market central banks are now hiking rates
MILAN/LONDON, June 11 : The developed market rate-hiking club is getting bigger, as the European Central Bank on Thursday joined counterparts in Australia, Norway and Japan in tightening monetary policy, while more central banks are set to follow in the coming months. The Strait of Hormuz is still e ...
Dollar falls after Trump halts US strikes on Iran
NEW YORK, June 11 : The dollar dropped sharply against major peers on Thursday after President Donald Trump called off plans for renewed U.S. military strikes on Iran at the last minute, saying negotiations with Tehran were heading towards a possible deal. The dollar tends to strengthen during perio ...
Euro eases after ECB hike; dollar steadies near two-month high on Iran tensions
NEW YORK, June 11 : The euro edged lower on Thursday after the European Central Bank delivered a widely expected interest rate hike, while the dollar hovered near a two-month high as President Donald Trump pledged further U.S. attacks on Iran.The ECB raised interest rates for the first time in nearl ...
US stocks: Wall Street ticks up as chips rebound, Middle East in focus
WALL Street’s major indexes inched higher on Thursday, as investors sought bargains in beaten-down technology stocks and kept a close watch on developments around...
Oppenheimer launches Wall Street's first coverage of SpaceX with bullish outlook
June 11 : Oppenheimer became the first global brokerage to start coverage of SpaceX, ahead of the rocket and AI company's highly anticipated $75 billion market debut on Friday.The brokerage issued an "outperform" rating and set a price target of $190, implying an upside of nearly 41 p ...
Long-term care is not just an age-related issue: Great Eastern
Ranamita Chakraborty - The insurer’s claims data shows that 62% of claimants under one of its long-term care plans are under 50
Grok's AI image generation tool violated Canadian privacy law, watchdog says
OTTAWA, June 11 : xAI's Grok chatbot violated Canadian privacy laws by launching an image-generation tool that allowed users to create and share non-consensual, sexualized deep fakes, an official watchdog said in a report on Thursday.After Privacy Commissioner Philippe Dufresne launched a forma ...
Grok's AI image generation tool violated Canadian privacy law, says watchdog
OTTAWA, June 11 : xAI's Grok chatbot violated Canadian privacy laws by launching an image-generation tool that allowed users to create and share non-consensual, sexualized deep fakes, an official watchdog said in a report on Thursday.
SpaceX IPO draws more than US$70 billion in retail orders
The US$75 billion IPO would be the largest on record
Google in talks with Samsung to make part of next-gen chip, The Information reports
June 11 : Alphabet's Google is in talks with Samsung Electronics to manufacture part of its next-generation artificial intelligence processor, The Information reported on Thursday, citing two people familiar with the matter.Google plans for TSMC to make the main computing part of the tensor pro ...
Google in talks with Samsung to make next-generation chips, The Information reports
June 11 : Alphabet's Google is in talks with Samsung Electronics to manufacture part of its next-generation tensor processing unit, codenamed "Icefish," The Information reported on Thursday, citing two people familiar with the matter.Reuters could not independently verify the report.
Opec lowers 2026 global oil demand growth forecast again
This is the second straight downward revision, to 970,000 barrels a day
ECB raises rates to nip war-led inflation in the bud
Thursday’s hike is the first since September 2023
KKR launches $10 billion AI infrastructure company with Nvidia, Vistra
June 11 : A KKR-led group on Thursday launched a new company with more than $10 billion in committed capital to finance the build-out of AI infrastructure, the latest effort by an alternative asset manager to capitalize on growing demand for AI services.The Kuwait Investment Authority, AI chip giant ...
Thai hospitality group Minor International said to mull Singapore IPO instead of Hong Kong
Deliberations are still ongoing
India's SatSure bags $2.6 million grant to build AI-powered Earth observation models
June 11 : Indian space startup SatSure Analytics secured a 246 million rupee ($2.57 million) grant from the country's space regulator on Thursday, to develop AI models for Earth observation as part of a wider push towards building sovereign AI capabilities.Governments worldwide are increasingly ...
Japan secures stable crude supplies through March 2028, PM Takaichi says
TOKYO, June 11 : Japan has secured stable oil supplies through the end of March 2028 despite the Iran war through a combination of alternative crude imports and stockpile releases, Prime Minister Sanae Takaichi said on Thursday, extending the country's previous supply outlook by around one year ...
Singapore stocks close higher; STI up 0.6%
Benjamin Cher - Across the broader market, gainers outnumber losers 298 to 274 after 1.6 billion securities change hands
Pakistan economic survey projects real GDP growth at 3.7% in FY26
ISLAMABAD, June 11 : Pakistan's annual economic survey projected real GDP growth at 3.7 per cent for the fiscal year ending June 2026, according to the report released on Thursday.Here are some details from the report:• Average CPI inflation was seen at 6.7 per cent in the July-May period, th ...
Sembcorp completes purchase of Alinta Energy
Lin Daoyi - In a June 11 announcement, Mainboard-listed Sembcorp Industries shares that it has completed its acquisition of Australian power generator Alinta Energy from Chow Tai Fook Enterprises. With the deal done, Sembcorp will obtain Alinta's 3.4GW operating portfolio and 10.4GW development pipeline, a ...
