Kazakhstan says it has told OPEC it won’t cut oil output, Interfax reports
MOSCOW : Kazakhstan has informed OPEC that it does not intend to reduce its oil production, Russia's Interfax news agency cited Kazakhstan's Deputy Energy Minister Alibek Zhamauov as saying on Thursday."We have already told OPEC that we are not going to cut back and we will produce at ...
Nvidia discloses more China risks, but CEO praises Trump
SAN FRANCISCO: Even as Nvidia reported another blockbuster quarter of 69 per cent sales growth on Wednesday (May 28), the maker of artificial intelligence chips warned of more risks to its business emerging in the technology conflict between the US and China. Tucked into Nvidia's quarterly fili ...
New York Times partners with Amazon for first AI licensing deal
The New York Times is allowing Amazon.com to use its editorial content for artificial intelligence products such as Alexa, marking the publisher's first licensing deal tied to generative AI.The multi-year agreement lets Amazon use news articles from The Times and content from NYT Cooking and sp ...
New York Times, Amazon sign AI licensing deal
The New York Times said on Thursday it would license its editorial content to Amazon.com for use in the tech giant's artificial-intelligence products, marking the publisher's first licensing deal tied to generative AI.The multi-year agreement allows Amazon access to its news articles and c ...
Grammarly secures US$1 billion from General Catalyst to build AI productivity platform
Grammarly has raised US$1 billion in non-dilutive financing from General Catalyst to expand its artificial intelligence (AI) offerings, aiming to grow into a comprehensive productivity platform, the companies told Reuters. Grammarly, known for its popular writing assistant tool, plans to use the c ...
NextDecade, Japan's JERA sign 20-year LNG supply deal
U.S. liquefied natural gas producer NextDecade said on Thursday it has signed a 20-year deal to supply Japan's biggest power generator JERA with 2 million tonnes per annum (mtpa) of LNG from its Rio Grande project's fifth liquefaction facility.Shares of NextDecade were up 5.2 per cent at $ ...
Musk's Trump administration exit lifts Tesla shares on hopes of renewed focus
Tesla shares rose more than 2 per cent on Thursday after news that CEO Elon Musk was stepping away from the Trump administration, fueling hopes that he will sharpen focus on the automaker as it gears up for its hotly anticipated robotaxi debut.Musk's ties with U.S. President Donald Trump and hi ...
US curbs chip design software, chemicals, other shipments to China
The United States has ordered a broad swathe of companies to stop shipping goods to China without a license and revoked licenses already granted to certain suppliers, said three people familiar with the matter. The new restrictions - which are likely to escalate tensions with Beijing - appear aimed ...
Germany seeks to levy 10% tax on online platforms like Google
BERLIN :Germany is considering a 10 per cent tax on large online platforms like Alphabet's Google and Meta's Facebook, its new culture minister told magazine Stern, in a move likely to heighten trade tensions with the Trump administration.The proposal comes as Chancellor Friedrich Merz is ...
Livingstone Health reverses into earnings of $557,000 for FY2025
Nicole Lim - Livingstone Health Holdings has reversed into earnings for the FY2025 ended March 31, 2025 of $557,000, compared to a net loss reported in the same period a year ago. The group reported revenue for the FY2025 of $27.65 million, up 9% y-o-y. Livingstone Health says that the reversal into earnings is ...
URA to unveil Draft Master Plan 2025 in June: Chee Hong Tat
Jessie Lim - More homes are being planned in various locations in the Central Region such as Bukit Timah Turf City and Mount Pleasant
MAS to review corporate governance code
Janice Lim - Advisory committee will consult and engage with industry stakeholders
Ley Choon reports higher net profit for FY2025 up 32.8% y-o-y to $14.5 mil
Nicole Lim - Catalist-listed Ley Choon Group reports a higher net profit for the FY2025 ended March 31, 2025, up 32.8% y-o-y to $14.5 million. For the 2HFY2025, net profit grew 29.8% y-o-y to $7.17 million. The group reported a 1.1% y-o-y higher revenue of $130.5 million for FY2025, but a 0.4% y-o-y decline in r ...
Asean-BAC to launch private-markets association in bid to attract US$60 billion regional funding
Tan Ai Leng - The council is also pushing for an Asean Business Entity – a proposed classification that would allow companies to operate across the...
IHH Healthcare Q1 profit falls 33% to RM514 million on exceptional items
Paige Lim - Revenue for the quarter rises 6% to RM6.3 billion on the back of increased contributions from Malaysia, Turkey and Europe
Amazon's Zoox issues second software recall this month after San Francisco crash
Amazon.com's self-driving unit Zoox has issued a second software recall this month to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month.The recall covers 270 vehicles equipped with its Automated Dr ...
Amazon's robotaxi unit Zoox issues second software recall after San Francisco crash
WASHINGTON :Amazon.com's self-driving unit Zoox issued a second software update to improve how its vehicles track nearby pedestrians and prevent movement when someone is close, following a crash in San Francisco earlier this month, the company said Thursday.The recall covers 270 vehicles equipp ...
Brokers’ Digest: CSE Global, Centurion, CDL, LHN, Delfi, DFI Retail Group
The Edge Singapore - CSE Global Price target: RHB Bank Singapore ‘buy’ 63 cents Robust order book, higher dividends RHB Group Research analyst Aflie Yeo has maintained his “buy” call on CSE Globalwith an unchanged target price of 63 cents. CSE Global’s 1QFY2025 ended March 31 revenue of $205.5 million came in ...
India bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator
Daily Debrief: What Happened Today (May 29)
Stories you might have missed
RHB’s Alfie Yeo finds gems amid volatile times with a defensive tilt in this year’s Jewels Edition
Felicia Tan - With market volatility set to continue into 2025, Alfie Yeo, RHB Singapore’s head of small-mid cap research, is leaning towards defensive picks in this year’s 20 Jewels Edition, which puts the spotlight on Singapore-listed small-cap stocks. “We used a top-down and a bottom-up approach,” says ...
BRC Asia, CSE, Food Empire, Frencken and Pan-United named as stocks to watch ahead of MAS’s $5 bil fund: CGSI
Felicia Tan - CGS International analyst Lock Mun Yee believes several factors, such as the anticipated enhancement of market liquidity through the $5 billion equity market development programme (EMDP) by the Monetary Authority of Singapore (MAS) and sustained earnings, can provide tailwinds going into the rest of ...
Les Amis group consolidates; brings all Japanese restaurants under one roof
Jaime Ee - The relocation of Zeniya to Shaw Centre and a new unagi restaurant are part of the plan to revamp the F&B operator’s...
Resolution of Medini’s private lease schemes may be at hand for Singaporeans
The Edge Singapore - On May 22, The Edge Malaysia reported the Malaysian Court of Appeal ruled that a private lease scheme involving the Special Economic Zone (SEZ) — as sanctioned by the local authority at Iskandar Malaysia in Johor — is valid. On April 29, the appellate court ruled in favour of defendant Tropika I ...
Keppel appoints ex-DBS CEO Piyush Gupta as deputy chairman from Jul 1
Paige Lim - Gupta retired from his previous role at the bank in March after a 15-year tenure
Jardine Matheson appoints Lincoln Pan as new CEO; group MD John Witt retires in November
Nicole Lim - Jardine Matheson has appointed Lincoln Pan as its new CEO with effect from Dec 1, 2025, following the retirement of current CEO John Witt at the end of November. Pan joins the company from PAG, the largest fully diversified alternative investment business in the Asia Pacific where he is a partner an ...
Singapore stocks rise after US court blocks Trump’s tariffs; STI up 0.1%
Navene Elangovan - Across the broader market, advancers outpace decliners 309 to 170
Saudi Arabia's ACWA Power signs MoU to develop renewables capacity in Malaysia
DUBAI :Saudi Arabia's ACWA Power said on Thursday it had signed a preliminary agreement to develop up to 12.5 gigawatts of renewable energy generating capacity in Malaysia with an initial investment of up to $10 billion.The renewable energy utility said in a statement it agreed a memorandum of ...
Market Focus Daily: Thursday, May 29, 2025
US court blocks Trump’s tariffs, Asian stocks rally; South Korea central bank cuts rate, while stocks rally ahead of Presidential elections; Top...
Taiwan central bank will take 'timely' steps to ensure financial stability
TAIPEI: Taiwan's central bank will take "timely" measures to ensure financial stability in the face of uncertainty over US tariffs, geopolitical conflict, climate change and market volatility, it said on Thursday (May 29). In its annual financial stability report, the central bank sai ...
NTT Docomo to buy SBI’s net bank for 420 billion yen in cutthroat market
The move is part of a capital alliance between the state-backed telecom group and SBI Holdings
NTT Docomo to buy SBI’s Net Bank for 420 billion yen in cut-throat market
The move is part of a capital alliance between the state-backed telecom group and SBI Holdings
NTT Docomo to buy SBI’s online bank for 420 billion yen in cut-throat market
The move is part of a capital alliance between the state-backed telecom group and SBI Holdings
Ex-DBS CEO Piyush Gupta appointed deputy chairman and non-executive independent director of Keppel board
Nicole Lim - Ex-DBS CEO Piyush Gupta has been appointed as Deputy Chairman and a non-executive independent director of the board of Keppel with effect from July 1. Gupta will also be appointed as a member of the Nominating Committee, Remuneration Committee and the Board Sustainability & Safety Committee on t ...
