SpaceX and AI startup wealth fuels demand for private jets
NEW YORK/MONTREAL, July 9 : Aviation lawyer Amanda Applegate skipped her annual vacation last month as a surge of wealth from AI startups and SpaceX sent a wave of tech investors shopping for private jets, burying her in paperwork for aircraft-purchase agreements.The Cleveland-based attorney attribu ...
Apple supplier Luxshare leads lukewarm IPOs in Hong Kong as investors get picky
HONG KONG, July 9 : Shares of Luxshare Precision Industry led losses among IPO debutants in Hong Kong on Thursday after raising HK$24.27 billion ($3.10 billion) in the city's biggest listing this year, as investors became more selective amid a fundraising rush and rising volatility. The stock d ...
India removes import duty on some electronics, smartphone parts
NEW DELHI, July 9 : India has scrapped import duties on some parts used to make mobile phones and other electronic devices, removing the current 7.5 per cent and 5 per cent levies, in a move that could help companies like Apple and Xiaomi.Here are more details:• Items include key parts for produci ...
UOBKH maintains ‘buy’ on Aoxin Q&M given proposed transfer to mainboard could potentially increase visibility
Teo Zheng Long - UOB KayHian analyst Tang Kai Jie has maintained his “buy” recommendation on Aoxin Q&M (SGX: 1D4 ) following the recent announcement on its application to transfer its listing status from Catalist to Mainboard. In his July 9 report, Tang mentioned that this marks an important milestone that r ...
MAS proposing regulatory changes for quicker approvals of new fund types
Kwan Wei Kevin Tan - The Monetary Authority of Singapore (MAS) is proposing amendments to the Code on Collective Investment Schemes (CIS Code) that would allow quicker approvals for new fund product types for retail investors. The proposed amendments were detailed in a consultation paper published on July 9 and MAS is s ...
New MAS proposal could pave way for commodity futures funds, more single-country bond funds for retail investors
Benicia Tan - The authority has launched a public consultation on proposed amendments to the Code on Collective Investment Schemes
French competition authority's Nvidia probe nearing end
PARIS, July 9 : The French competition authority said on Thursday its probe into chipmaker Nvidia Corp is coming to an end.The agency is investigating the chipmaker over alleged anti-competitive practices."We are nearing the end of the investigation," Umberto Berkani, the French competitio ...
Seven & i logs hefty quarterly profit jump, lifts annual forecast on yen weakness
TOKYO, July 9 : Japan's Seven & i Holdings booked a 61 per cent rise in first-quarter operating profit after volatile energy markets boosted U.S. gasoline sale margins, and hiked its full-year outlook on a sharp decline in the yen.The 7-Eleven operator generated operating income of 105 bill ...
Astronomers scrutinize exoplanet that survived the death of its star
WASHINGTON, July 9 : In about 5 billion years, our sun will begin its death throes by expanding in size and engulfing the innermost planets — possibly including Earth — before expelling its outer layers and forming a stellar remnant called a white dwarf. But the outer planets may carry on even a ...
Asia growth improves but ADB warns of persistent headwinds
The bank forecasts the region’s economy will expand 4.9% in 2026, up from the 4.7% estimate in a special update earlier
Dutch central bank fines ABN Amro for customer due diligence failings
[Amsterdam] Dutch bank ABN Amro was fined US$9.9 million by the Dutch central bank DNB for structural shortcomings in due diligence checks...
UK's Playtech forecasts 2026 profit beat on strong US, Latam growth
July 9 : UK gaming firm Playtech on Thursday forecast 2026 adjusted core profit above market expectations, after strong growth in the United States and Latin America boosted first-half earnings.Shares surged nearly 19 per cent to 375.60 pence by 0750 GMT.Here are some more details:• Playtech e
CNA news headlines to be displayed at SBS Transit's MRT stations and bus interchanges
Mediacorp, Moove Media and SBS Transit signed an agreement on Thursday (Jul 9).
Why university rankings don’t agree: A look at QS 2027 results
David Li Zuowei - MIT tops the QS World University Rankings once again, but big shuffles are happening below the top spot as some Asian schools...
Tata Group targets US$100 billion revenue from auto units by 2031
Jaguar Land Rover is expected to contribute US$45 billion to US$50 billion of revenue
How Temasek is leveraging AI for better all-round performance
Lee Su Shyan - It plans to grow AI-linked investments from 6% to 15% of its portfolio, says Temasek Global Investments’ CEO
Leveraging AI to enable better portfolio performance: Temasek’s Chia Song Hwee
Lee Su Shyan - The company plans to grow proportion of AI-related investments from current 6% to as much as 15% of overall portfolio
Bank of Japan sees growing inflation pressures from Middle East war
In its quarterly report on the country’s regional economies, the central bank maintains its assessment for all nine areas
Rubrik unveils $500 million UK investment, names London as European HQ
LONDON, July 9 : U.S. cybersecurity and data resilience and company Rubrik said on Thursday it would invest more than $500 million over the next five years in Britain, one of its fastest growing markets, and establish its European headquarters in London."The UK is one of the world's leadin ...
The FIFA World Cup 2026: A prime target for cybercriminals
FortiGuard Labs - The FIFA World Cup 2026 unites fans, teams, sponsors, broadcasters, hospitality providers, and businesses in one of the world’s largest sporting events. It also presents a significant opportunity for cybercriminals. Major international sporting events create great anticipation, attract high search ...
Singapore’s competition watchdog seeks feedback on Texas Instruments’ proposed acquisition of Silicon Labs
Deon Loke - Both entities are Nasdaq-listed companies with global activities extending to the city-state
As US-Iran war resumes, volatility returns to SIA, Oiltek shares
Deon Loke - Oiltek up 7.8%, SIA down 3% on oil price hike
Uniqlo operator Fast Retailing says Q3 profit jumped 45.7%, raises forecast
TOKYO, July 9 : The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 45.7 per cent, as it weathered the impact on supply chains and logistics from the Iran war on its way to an expected fifth straight year of record earnings.Fast Retailing said its operating profit ...
Recruiters shift focus to specialised AI jobs to stay relevant
AI-related job postings in the US rose 95% in the first half of 2026 from a year earlier, while overall job postings...
Gold eases as Middle East hostilities revive inflation fears
Spot gold fell 0.2% to US$4,068.77 per ounce by 0522 GMT, after dropping to its lowest since Jul 1 on Wednesday
Gold falls as Middle East hostilities revive inflation woes
Spot gold fell 0.4% to US$4,060.46 per ounce by 0343 GMT, after dropping to its lowest since Jul 1 on Wednesday
OpenAI to launch new model after US freeze
SAN FRANCISCO: ChatGPT-maker OpenAI said its latest and most powerful artificial intelligence model will be released to the public on Thursday (Jul 9), as the United States government reportedly approved a broader launch.The company's new GPT-5.6 offerings and other cutting-edge AI models, incl ...
As Johor votes, investors watch for continuity in cross-border growth push
Tan Ai Leng - Key question is whether the next administration can keep momentum for JS-SEZ and other projects
Hormuz traffic grinds to a near halt as ceasefire under threat
A spate of Iranian attacks on vessels prompted retaliatory US strikes
Del Monte Pacific defends going-concern status after SGX flags US$787m net current liabilities
Shikhar Gupta - The dual-listed canned food producer says its operating business remains ‘fundamentally sound’
Del Monte Pacific defends solvency after SGX flags US$787 million deficit
Shikhar Gupta - The dual-listed canned food producer says its operating business remains ‘fundamentally sound’
Japan bond market signals waning faith in inflation, government's fiscal management
TOKYO, July 9 : Japan's bond market is signalling diminishing confidence that the central bank can contain inflation while the government's spending ambitions further strain the nation's finances.Yields on 10- and 20-year Japanese government bonds (JGBs) shot to multi-decade highs thi ...
SK Hynix's US listing more than seven times oversubscribed, source says
SEOUL, July 9 : Demand for SK Hynix's $28 billion U.S. share sale was more than seven times available shares, a person familiar with the matter said, underscoring huge investor appetite for a pivotal company in the AI supply chain.The offering from the South Korean chipmaker, which will finance ...
SK Hynix US listing more than seven times oversubscribed, source says
SEOUL, July 9 : Demand for SK Hynix's $28 billion U.S. share sale was more than seven times available shares, a person familiar with the matter said, underscoring huge investor appetite for one of the most important companies in the AI supply chain.The offering from the South Korean chipmaker, ...
