BOJ set to raise key rate to 1.0% in June, 1.25% by year-end: Reuters poll
TOKYO, June 10 : The Bank of Japan will raise its key interest rate this month and again in the fourth quarter, taking borrowing costs to 1.25 per cent by year-end, as it grows more wary of inflation risks than downside hazards to the economy, a Reuters poll of economists showed.BOJ Governor Kazuo U ...
HSBC, Mastercard complete AI-agent B2B payments pilot in Singapore
Nurdianah Md Nur - HSBC and Mastercard have completed a Singapore pilot that used digital agents in corporate procurement and payments. The May 29 transaction connected a multinational corporate buyer with procurement platform SourceSage and FortyTwo, a Singapore e-commerce supplier. The transaction was built on Maste ...
Indonesian central bank says governor briefs foreign investors following surprise rate hike
JAKARTA, June 10 : Indonesia's central bank has briefed investors from Europe, the United States and Asia following its surprise rate hike, senior deputy governor Destry Damayanti told Reuters on Wednesday.On Tuesday, Bank Indonesia raised interest rates by 25 basis points in a rare off-cycle m ...
JP Morgan downgrades DBS to neutral following China’s new regulation on outbound investment
The Edge Singapore - China’s new regulation (Doc 837) on outbound direct investment (ODI) appears to have broad implications for net new money growth (NNMg) for banks over time, according to a report by JP Morgan dated June 10. Banking analyst Harsh Modi says a few moving parts have triggered his downgrade: “Wealth ...
AI salaries in Singapore rising 5 times faster than overall wages, fresh grads earn up to S$90k a year
Both Chinese and US tech firms are ramping up hiring for Singapore‑based jobs
Starbucks mulls options for Japan business, including stake sale, Bloomberg reports
June 9 : Starbucks is weighing options for its Japanese business, including a stake sale, Bloomberg News reported on Tuesday. A stake sale might be valued at ¥400 billion ($2.5 billion) to ¥500 billion, possibly attracting interest from other industry players and private equity firms, the report a ...
Starbucks weighs Japan unit options including 400 billion yen stake sale: sources
The US coffee chain has held preliminary talks with investment banks to help determine an approach
Meta ties up with Ambani's Reliance for AI data center in India
June 10 : Facebook-parent Meta said on Wednesday that it has tied up with Indian billionaire Mukesh Ambani's Reliance Industries for an AI-enabled data center in India. Reliance will build a data center with 168 MW capacity in Jamnagar, Gujarat, which Meta will lease, with options to scale, acc ...
Meta deepens partnership with Ambani's Reliance with AI data centre
June 10 : Meta Platforms will lease an AI-ready data centre to be built by billionaire Mukesh Ambani's Reliance Industries, the U.S. tech major said on Wednesday, deepening ties with the Indian conglomerate. The deal comes at a time when India has seen a surge in hyperscale data centre builds l ...
Asian stocks slide, oil gains as Middle East tensions escalate
The United States launched strikes against Iran after President Donald Trump said Tehran had shot down a US Apache helicopter in the Strait of Hormuz, leaving investors on edge.
STI falls as much as 1.7% after US strikes on Iran; DBS down 3.3%
Shikhar Gupta - The bank’s shares fell as low as S$61.63 within the first hour of trading
STI falls 1.7% after US strikes on Iran; DBS down 3.3%
Shikhar Gupta - The bank’s shares fell as low as S$61.63 within the first hour of trading
STI down as much as 1.7% after US strikes on Iran; DBS drops 3.3%
Shikhar Gupta - The bank’s shares fall as low as S$61.63 within the first hour of trading
Singapore shares end lower after Middle East conflict intensifies; STI down 1.3%
Shikhar Gupta - All three banking stocks end lower
Singapore shares end lower after Middle East conflict intensifies; STI closes 1.3% down
Shikhar Gupta - All three banking stocks also end lower
OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports
June 9 : OpenAI is in negotiations to lease a proposed 10-gigawatt data center campus on federal land in Ohio, in a deal that could include financial backing from Nvidia, The Information reported on Tuesday, citing two people with direct knowledge of the discussions.Reuters could not immediately ver ...
US$165 billion of renewable energy assets in Asean face high risk of climate hazards: report
Janice Lim - Upfront investment of about US$13 billion to make these assets more climate-resilient can help avoid US$82 billion in losses
SoftBank's attempt to get $6 billion OpenAI margin loan stalls, Bloomberg News reports
June 10 : SoftBank Group's talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, Bloomberg News reported on Wednesday, citing sources.The company is considering various fundraising options, the report said, adding that it could s ...
Google Cloud outage in India after third-party data centre fire triggers shutdown
June 9 : Alphabet's Google Cloud said on Tuesday that some customers in India experienced intermittent network disruptions after a fire at a third-party data centre triggered an emergency shutdown of networking equipment.The cloud-computing unit said the fire led to an emergency power shutdown ...
Japan’s largest banks to jointly issue stablecoins by March 2027
The lenders will set up a council to examine operational frameworks and prepare for the issuance
Kakao union stages four-hour strike and rally in South Korea over pay
PANGYO, South Korea, June 10 : Unionised workers at South Korean tech firm Kakao began a four-hour strike and rally on Wednesday, demanding job security and changes to the company's bonus system. The strike will run from 10 a.m. to 3 p.m. (0100 GMT to 0600 GMT), with workers set to join a rally ...
Japan's largest banks to jointly issue stablecoins by March 2027
TOKYO, June 10 : Japan's three largest banks said on Wednesday they will jointly issue stablecoins during the current fiscal year ending in March 2027, a sign of growing momentum for digital payments in a country where cash and credit cards remain popular.The banking arms of Japan's three ...
Labubu maker Pop Mart pushes back on one-hit wonder fears
Sales of non-Labubu items account for about 50% of total revenue in the US this year
Nintendo shares slump as games pipeline disappoints market
TOKYO, June 10 : Nintendo's shares fell 7.5 per cent on Wednesday after the company's Nintendo Direct presentation of forthcoming games lacked titles from top franchises such as "Super Mario".The Kyoto-based company's stock price has been hammered by concerns over a lack of ...
iCapital strengthens Apac presence as demand for alternatives surges among wealthy investors
Jean Low - Singapore’s wealthy are no longer asking whether to invest in alternatives – they want to know how: COO
Wee Hur's entry into HK's student accommodation market a 'strategically positive development': Ng of DBS
The Edge Singapore - Ng Jia Hui of DBS Group Research has maintained her "buy" call and 90 cents target price on Wee Hur Holdings after its plans to enter Hong Kong’s purpose-built student accommodation (PBSA) market through two investments. The first, Starvia by Y Suites on Fortress Hill, is a 246-bed PBSA ...
Dollar treads water as US-Iran tensions, inflation data in focus
LONDON, June 10 : The dollar held steady on Wednesday as markets remained on edge over the latest clash between the U.S. and Iran while awaiting closely watched U.S. inflation data that could provide clues on the Federal Reserve's interest rate path.The U.S. military struck Iranian targets afte ...
Dollar holds steady as US-Iran tensions and inflation data loom
TOKYO, June 10 : The dollar held steady against its peers on Wednesday as markets remained on edge over the latest clash between the U.S. and Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve's rate path.The U.S. military struck Iranian targets after Preside ...
Dollar steadies following US strikes on Iran and ahead of inflation data
TOKYO, June 10 : The dollar held steady against major peers on Wednesday after the United States launched strikes against Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve's policy path.The U.S. military on Tuesday launched strikes against Iran after Preside ...
Oil steady as investors weigh renewed US-Iran fighting
LONDON, June 10 : Oil prices were steady on Wednesday, as renewed U.S.-Iran hostilities muddied direction, though a forecast U.S. stock draw offered support.Brent futures were up 25 cents, or 0.27 per cent, to $91.70 a barrel at 0736 GMT, while U.S. West Texas Intermediate crude was up 23 cents, or ...
Oil rises nearly 1% as US launches new strikes against Iran, supply tightens
June 10 : Oil prices climbed about 1 per cent on Wednesday, moving away from a seven-week low touched in the previous session, after the U.S. military launched new strikes against Iran and as market data showed another large draw in U.S. crude stocks. The U.S. military's strikes on Iranian targ ...
Japan's Asics to spin off Onitsuka Tiger business
TOKYO, June 10 : Japan's Asics Corp on Wednesday said it will spin off its high-end Onitsuka Tiger business, a key driver behind four straight years of record profit, in a bid to speed up decision-making and boost competitiveness.Asics shares were up 2.7 per cent in late morning trading in Toky ...
Japan's Asics considers spinning off Onitsuka Tiger
TOKYO, June 10 : Japan's Asics Corp said on Wednesday that it was considering spinning off its Onitsuka Tiger business.The board will discuss the matter at a meeting scheduled for later in the day, the company stated in a statement.TV Tokyo broadcaster said on Tuesday that Asics will spin off i ...
Japan's Asics to spin off popular Onitsuka Tiger sneaker business; shares rise
The move is aimed at speeding up decision-making and boosting the brand's global competitiveness, says Asics.
