Oil prices rise after strikes on Saudi oil facilities
BEIJING, April 10 : Oil prices rose in early trading on Friday following attacks on Saudi energy infrastructure, and as markets evaluated the risk premium from the ongoing closure of the Strait of Hormuz, despite a fragile truce agreed between the U.S. and Iran.Brent crude futures gained 83 cents, o ...
Oil set for largest weekly loss in 10 months after ceasefire
LONDON, April 10 : Oil prices were poised for their biggest weekly declines since last June despite Friday's modest gains on the back of fresh concerns over supplies from Saudi Arabia and flows through the Strait of Hormuz. Brent crude futures rose 56 cents, or 0.58 per cent, to $96.48 a barrel ...
Market uncertainty keeps STI rangebound around 5,000 level but nudges SGX to new highs
The Edge Singapore - For more than a month, investors around the world have been fretting over the White House’s U-turns and the ever-looming threat of geopolitical contagion. As they buy or sell more quickly in response to the latest headlines, stock exchanges, which levy a fee on each trade, have become the clear wi ...
Bessent, Powell warned bank CEOs about Anthropic model risks, sources say
April 9 : U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank CEOs this week to warn of cyber risks posed by Anthropic's latest AI model, two sources familiar with the matter said on Thursday.Anthropic launched the powerful Mythos m ...
Bessent, Powell warn bank CEOs about Anthropic model risks, Bloomberg News reports
April 9 : U.S. Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell convened an urgent meeting with bank executives on Tuesday to warn them about the cyber risks raised by Anthropic's latest AI model, Bloomberg News reported, citing sources.The meeting at the Treasury Depart ...
Broker's Digest: Bumitama, Nam Cheong, UltraGreen.ai, Hafaray, Beng Kuang, Keppel, iFast, NTT DC REIT
The Edge Singapore - Bumitama Agri Price target: DBS Group Research ‘buy’ $2.30
Proposed new private hospital of limited impact on existing healthcare hospital operators: DBS
The Edge Singapre - The government's plan to allow a new private hospital is not likely to create a big stir for existing private hospital operators IHH Healthcare and Raffles Medical Group, says DBS Group Research. This proposed hospital, which is still under consideration, is to be located in eastern Singapore. ...
Apple to shutter its first unionized US store in Maryland
Stocks to watch: CDL, SGX, Olam Group
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 10):
Domestic demand could support South-east Asia growth if Middle East conflict stabilises early: ADB
Evan See - The energy shock is unlikely to crush longer-term growth ambitions, say economists
RTS Link unlikely to topple Singapore retail despite JB’s appeal: OCBC
Chloe Lim - A narrowing price gap between malls in the two cities is among factors keeping the city-state going
Kia to use humanoid robots in US, debut software car and hybrid truck
It said it will deploy the Atlas robot at its Georgia facility in 2029
Meta pulls ads aimed at recruiting plaintiffs for social media addiction lawsuits
CHICAGO, April 9 : Meta Platforms said on Thursday it is pulling ads from Facebook and Instagram aimed at recruiting new plaintiffs for ongoing litigation accusing it and other social media companies of designing their platforms to be addictive to young users.Meta spokesperson Andy Stone said the co ...
Concrete, bamboo and clay: How future building materials can be more sustainable
City & Country - Concrete has become the most widely used construction material in the world because it offers durability, versatility and affordability at a scale that few other materials can match, says Clarisse Loh, head of sustainability at YTL Cement. Given the pace of urbanisation and infrastructure developmen ...
Anthropic weighs building its own AI chips, sources say
(Corrects headline to say "its", not "it")By Max A. Cherney and Deepa SeetharamanSAN FRANCISCO, April 9 : Artificial intelligence lab Anthropic is exploring the possibility of designing its own chips, three sources said, as the company and its rivals respond to a shortage of AI c ...
Exclusive-Anthropic weighs building it own AI chips, sources say
SAN FRANCISCO, April 9 : Artificial intelligence lab Anthropic is exploring the possibility of designing its own chips, three sources said, as the company and its rivals respond to a shortage of AI chips needed to power and develop more advanced AI systems.The plans are in early stages and the compa ...
Singapore’s adoption of electric heavy vehicles up 10 times on incentives; diesel spikes fuel further interest
Derryn Wong - But range and cost of charging infrastructure remain barriers, industry observers say
US trade chief says tech restrictions to block Chinese autos
Greer emphasised that tariffs are an effective tool to bring manufacturing back to the US
Elon Musk's xAI sues Colorado over state's new AI law
April 9 : xAI filed a lawsuit on Thursday seeking to block Colorado from enforcing a new law regulating artificial intelligence systems, escalating a fight over whether oversight should be handled by states or by Washington.The lawsuit, filed in U.S. District Court in Colorado, challenges Senate Bil ...
Meta transfers top engineers into new AI tooling team
NEW YORK, April 9 : Meta is drafting top software engineers from across the company into a new AI engineering organization created last month, according to an internal memo seen by Reuters, part of a reorganization of its workforce in preparation for layoffs.The social media company is starting to i ...
Corporate scrutiny must be disciplined and evidence-based
Governance should continue to rest on a framework that combines expert input, fiduciary accountability and transparent disclosure
Saudi Arabia says attacks cut oil output and East-West Pipeline flow
With the strait blocked, the East-West Pipeline has been Saudi Arabia’s only crude export route
Oil rises in choppy session as Saudi supplies hit by attacks
OIL climbed in choppy trading as a tenuous ceasefire between the US and Iran failed to allay fears of further disruptions to Middle...
European shares pull back as fragile US-Iran truce weighs on sentiment
EUROPEAN shares retreated on Thursday, after their strongest rally in over four years, as investors remained wary about a fragile US-Iran ceasefire and...
US stocks: Wall Street ends higher as Middle East peace talks lift sentiment
[NEW YORK] US stocks advanced on Thursday, as ongoing negotiations toward a peaceful resolution to the six-week Middle East conflict helped ease worries over...
Why boards need a playbook to respond to cyber incidents
Listed companies are required to have adequate and effective systems of internal controls and risk management systems
Board playbook on cyber incident response
Listed companies are required to have adequate and effective systems of internal controls and risk management systems
CFO Anthony Armstrong leaves xAI, the Information reports
April 9 - Anthony Armstrong, named xAI's CFO in October, has departed the company as part of a broader wave of senior exits, the Information reported on Thursday, citing two people familiar with the matter.Armstrong, who previously worked as a Morgan Stanley banker and advised Elon Musk during ...
Popiah King Sam Goi’s son to be CEO of PSC Corp
Chong Xin Wei - Goi Kok Ming, also redesignated as executive director of the company, assumes both roles on May 5
Xi helps Trump on Iran war as China assists with ceasefire bid
A pause to the fighting would smooth Trump’s visit to Beijing next month
US software stocks slump on renewed AI disruption jitters
April 9 : U.S. software shares tumbled on Thursday as fears over disruptions from advances in AI returned to the forefront following a recent update from Anthropic.Investors have dumped the sector's stocks this year on worries that AI tools that are capable of automating human tasks could pose ...
US software stocks fall as Anthropic's new AI model revives disruption fears
April 9 : U.S. software shares tumbled on Thursday after Anthropic held back the wide release of a powerful AI model over concerns it could expose hidden cybersecurity vulnerabilities, deepening investor fears about the threat to traditional software firms.Anthropic said earlier this week it would o ...
Florida AG opens probe into OpenAI ahead of potential IPO
April 9 : Florida Attorney General James Uthmeier on Thursday launched an investigation into OpenAI and its chatbot ChatGPT, as the artificial intelligence firm prepares for an IPO that could value it at up to $1 trillion.In a video posted to X, Uthmeier said there were concerns about whether OpenAI ...
Brazil court removes BYD from list of firms linked to forced labor
RIO DE JANEIRO, April 9 : A Brazilian court issued an injunction removing Chinese automaker BYD from a government list of firms accused of employing workers in slavery-like conditions, a document seen by Reuters on Thursday showed.
