Italy's Meloni and South Korea's Lee agree to deepen ties in Rome talks
ROME, June 12 : Italy's Prime Minister Giorgia Meloni and South Korean President Lee Jae Myung on Friday pledged to deepen bilateral ties, signing memorandums spanning technology and development cooperation.• The leaders discussed closer cooperation in semiconductors and high-tech sectors inc ...
US stocks: S&P, Dow edge higher on Middle East deal hopes; SpaceX debut in focus
THE S&P 500 and Dow inched higher in choppy trading on Friday (Jun 12), buoyed by expectations for an imminent Middle East...
Sam Bankman-Fried loses bid to overturn crypto fraud conviction
The founder of FTX was a rising star in the crypto industry
A day in the life of an equities analyst
Ranamita Chakraborty - The best ones are analytical thought leaders and good communicators, and comfortable with AI and technology
Scientists decipher ancient origins of the Euphrates River
June 12 : Uruk, the world's first metropolis and the birthplace of written language, was nourished by the Euphrates River, as was Babylon, ancient Mesopotamia's grandest city. The fertile plain between the Euphrates and its companion waterway, the Tigris River, was one of humankind's ...
Nestle India rejects allegations of infestation in its Maggi noodles
NESTLE India on Friday (Jun 12) rejected allegations that insects were found in its Maggi noodles product, after news agency ANI reported...
China markets are ‘much cheaper’, but beware the crackdown on overseas trading: Amundi CIO
Tan Weizhen - The move is a net negative for sentiment, says Vincent Mortier
Revised framework for single family offices to take effect on Jun 15: MAS
Benjamin Cher - Existing SFOs have one year to comply
Europe’s top carmakers urge simple ‘Made in Europe’ rules
In a joint letter, they are calling for 70% of vehicles sold in EU to source 70% of their value from within...
Bank of Japan to consider pausing bond taper next fiscal year, sources say
The BOJ is also expected to raise its short-term policy rate to 1 per cent from 0.75 per cent at next week’s...
ComfortDelGro sees China and Singapore as key robotaxi markets
Derryn Wong - It aims to operate 3,000 autonomous vehicles, comprising 10% of its fleet, by 2030
Hedge funds sold broader tech ahead of SpaceX IPO, JPMorgan data shows
LONDON, June 12 : Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according to data from a JPMorgan note late Thursday, just before SpaceX was set to go public on Friday.Shares in the "Magnificent Seven" - a group that includes some of the bigge ...
Tech executives to attend G7 summit as leaders address AI, online safety
PARIS, June 12 : AI executives from Anthropic, OpenAI, Google and Mistral AI are expected to attend next week's G7 summit, said officials from France, which is crafting an agenda aimed at discussing the world's crises and broad economic challenges. • Here's a non-exhaustive list of ...
Singapore stocks continue rally on Friday, STI up 0.8%
Benjamin Cher - Jardine Matheson leads the gainers on the blue-chip index, rising 2.3% or US$1.45 to end at US$63.25
Canada's move to rein in AI chatbots, spurred by school shooting, faces doubts over loopholes
OTTAWA, June 12 : Canadian legislation to regulate AI chatbots, introduced this week after national outrage over a school shooting that left nine people dead, has raised doubts among academics and legal experts who warn that loopholes and its lengthy time frame may undermine the effort.Public pressu ...
How Musk's tactics left investors clamoring for SpaceX stock and ignoring risks
NEW YORK, June 12 : In recent years, Elon Musk has been picky about whom he allowed to buy in to SpaceX, the rocket ship company making its highly anticipated stock market debut this week.One investor said that when SpaceX was privately held, he used a connection with a cousin of the billionaire ent ...
Danantara Indonesia unit will not take over contracts in new export plan, meeting minutes show
JAKARTA, June 12 : A unit of Danantara Indonesia assigned to handle strategic commodity exports will not take over existing contracts or customer relationships, according to minutes of a meeting with industry associations seen by Reuters on Friday, easing concerns about potential trade flow disrupti ...
Chips still king of Singapore exports amid non-tech upswing in Asia
The Republic produces one in 10 chips globally and one in five pieces of semiconductor equipment
Global equity funds draw third weekly inflow as investors buy the dip
June 12 : Global equity funds drew inflows for a third straight week, as investors used a market selloff to add exposure to technology stocks on expectations the AI-driven rally will continue.Investors bought a net $3.32 billion of global equity funds in the week through June 10, compared with $21.1 ...
Warburg Pincus to acquire Japan's J.S.B. in $1.2 billion deal
TOKYO/HONG KONG, June 12 : Warburg Pincus plans to launch a tender offer to acquire Japanese student housing provider J.S.B. for $1.2 billion, the U.S. private equity firm said on Friday.Warburg Pincus will offer 9,000 yen ($56.19) for each J.S.B. share. The tender offer is set to run from June 15 t ...
Some German firms see AI reducing need for degrees, Ifo says
FRANKFURT, June 12 : Close to 20 per cent of German companies that use artificial intelligence are finding it easy to replace employees with university degrees with AI-enabled staff without a degree, a survey by German economic research institute Ifo showed.• The survey also showed that about 15 p ...
SpaceX leveraged fund providers hit by day-one launch setback, sources say
PROVIDENCE, RHODE ISLAND, June 12 : Asset managers eager to roll out leveraged exchange-traded funds tied to SpaceX on its first trading day have been told to delay the launch until Monday, four sources familiar with the matter said.The setback denies speculators and traders a chance to capture what ...
Exclusive-US bank regulators ramp up scrutiny of AI use at financial companies
NEW YORK, June 12 : U.S. banking regulators are stepping up scrutiny of how lenders deploy artificial intelligence as the developing technology sweeps through the industry, pressing firms on everything from data access and governance controls to risks posed by third-party vendors, according to peopl ...
Indonesia’s fuel price hike, rupiah rout pile pressure on Prabowo as students protest
Elisa Valenta - They are calling for the government’s free meals programme to be scrapped as living costs rise
Indonesia fuel price hike, rupiah rout pile pressure on Prabowo as students protest
Elisa Valenta - They call for the termination of the president’s flagship free meals programme as living costs rise
Citi sees Asian clients seeking more trade finance, risk support amid Middle East war
Renald Yeo - Firms and governments in Asia are reassessing their reliance on the Middle East for oil and energy supplies
Infineon to open 5 billion euro chip fab as part of EU sovereignty push
It benefits from soaring demand for power chips used in AI data centres, which will be produced at the facility
India clears way for self-driving, safety car tech to reduce road deaths
BENGALURU, June 12 : India has scrapped a licence requirement for radar sensors, freeing automakers to adopt technology that helps cars avoid crashes and drive themselves by sensing surrounding objects, in a bid to make some of the world's deadliest roads safer.The world's third largest ca ...
European stocks rally as oil falls on hopes for US-Iran deal
EUROPEAN shares rallied at open on Friday (Jun 12), with all major indexes gaining more than 1 per cent, as oil prices slipped...
UOBKH maintains 'buy' and 71 cents target price on LHN
The Edge Singapore - LHN's 1HFY2026 earnings came in below expectations but given the defensive, recurring nature of its income, UOB Kay Hian analysts Tang Kai Jie and Heidi Mo of UOB Kay Hian have maintained their "buy" call and 71 cents target price. For the half year ended March, LHN reported revenue o ...
Nikkei ends nearly 3% higher on renewed hopes for Middle East peace
Chip-related shares led the Nikkei’s gain
SpaceX set to surge past $2 trillion valuation in blockbuster Nasdaq debut
June 12 : SpaceX was on course to blow past $2 trillion in market valuation in its Nasdaq debut on Friday, reflecting the frenzy for the Elon Musk-led company and putting it on track to become the sixth-largest publicly listed company in the United States.Shares were indicated to open around $175 a ...
After record IPO, Musk's SpaceX faces next test in market debut
June 12 : SpaceX is set to begin trading on Nasdaq on Friday after investors poured $75 billion into the world's biggest IPO ever, betting that Elon Musk's lofty space, communications and AI ambitions can justify a $1.77 trillion valuation. The landmark listing cemented Musk's status ...
SpaceX set to surge past US$2 trillion valuation in blockbuster Wall Street debut
Shares were indicated to open around US$175 a share, or about a 30 per cent jump from its US$135 IPO price.
