Exclusive-How Trump's crypto venture and Iran's top exchange tapped into the same industry networks
LONDON, May 18 : When customers of Iran’s largest crypto exchange needed to move billions of dollars, networks created by two of the industry’s biggest players served as conduits.And from the early stages of President Donald Trump’s flagship digital currency venture, the same two players lent ...
OpenAI defeats Elon Musk's lawsuit, removing obstacle to IPO
Elon Musk’s lawyer said after the verdict that "this one is not over" and that the billionaire planned to appeal.
Key moments in the Musk vs OpenAI trial
May 18 : Elon Musk failed to convince a jury on Monday that OpenAI's CEO Sam Altman and President Greg Brockman broke their agreement to maintain the maker of ChatGPT as a nonprofit to benefit humanity. The jury decided Musk waited too long to sue. Musk had sought about $150 billion in damages ...
Volkswagen flags Chinese competition in Brazil, sees limited Iran impact
RIO DE JANEIRO, May 18 : Volkswagen is concerned about declining resale values of its vehicles as lower-priced Chinese competitors expand in the Brazilian market, the company's head in Brazil, Ciro Possobom, told Reuters on Monday."While new entrants are entering aggressively and putting d ...
Instant View: California jury sides with OpenAI over Musk lawsuit
May 18 : A U.S. jury in Oakland, California, ruled against Elon Musk in his lawsuit against OpenAI on Monday, finding the artificial intelligence company not liable for allegedly straying from its original mission to benefit humanity. In a unanimous verdict reached after less than two hours of delib ...
As chip industry chases AI, US national labs look to newcomers for supercomputers
ALBUQUERQUE, New Mexico, May 18 : In a nondescript building on Kirtland Air Force Base on the high desert of New Mexico, liquid-cooled supercomputers gurgle and hum their way through some of the most complex math problems the U.S. government seeks to solve: simulating how hypersonic nuclear weapons ...
Chinese greenfield investment in Europe reaches new record, newspaper reports
BERLIN, May 18 : Chinese investment in Europe reached a new record in 2025, with more factories being built than ever before, German business daily Handelsblatt reported on Monday.Greenfield investment - where foreign investors build new production facilities rather than buy existing companies - rea ...
Jury reaches verdict in Elon Musk lawsuit against OpenAI, judge says
May 18 : A federal jury has reached a verdict in Elon Musk's lawsuit against OpenAI and its Chief Executive Sam Altman, the judge overseeing the case said on Monday.The verdict is expected to be read shortly.
M1-Simba deal: What are frequency spectrums and when does their use become unauthorised?
Chloe Lim - Unassigned use of frequency spectrum may allow operators to gain an unfair advantage, says IMDA
Lendlease REIT reports higher occupany in 3QFY2026 with lower pro forma gearing
The Edge Singapore - Lendlease REIT completed the acquisition of 30% interest in PLQ Mall on March 26 achieving full ownership of the asset. AEI are currently underway, with completion targeted by end 2026 positioning PLQ Mall to better capture evolving consumer demand and meet retailers’ operational requirements. Upo ...
China’s Nanning ‘main gateway’ for ties with Asean; trade corridor opens faster route to Asia: SM Lee
Tan Weizhen - The Pinglu Canal will span 134.2 km from Hengzhou, under the jurisdiction of Guangxi’s capital
CGSI downgrades Keppel to 'hold' following scuppered M1 sale; UOBKH's Loh maintains $13.23 target price
The Edge Singapore - Lim Siew Khee and Meghana Kande of CGS International have downgraded Keppel from "add" to "hold", following news that the sale of M1 to Simba has fallen through, putting a brake on the company's divestment moves, plus potentially lower dividend payout. From a previous target ...
CGSI downgrades Keppel to 'hold' following scuppered M1 sale
The Edge Singapore - Lim Siew Khee and Meghana Kande of CGS International have downgraded Keppel from "add" to "hold", following news that the sale of M1 to Simba has fallen through, putting a brake on the company's divestment moves, plus potentially lower dividend payout. From a previous target ...
S&P 500, Nasdaq open higher as chips rebound, yields retreat
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Monday (May 18) as heavyweight semiconductor stocks recovered, while a bond...
Temasek unlikely to meet 2030 climate targets, says CEO Dilhan Pillay
Janice Lim - In the current global landscape, ‘the transition will be far more uneven, contested and non-linear’
Keppel will divest property and rigs to offset M1 says CEO Loh
The Edge Singapore - In August last year, Keppel announced the proposed sale of M1 to Simba for $1 billion in cash. However on May 18 the IMDA announced it has suspended the review of Keppel's planned sale of M1 to Simba. Given that approval from IMDA is one of the conditions required, the deal has been terminated. ...
Lendlease Reit posts 12.2% retail rental reversion in Q3 as PLQ Mall acquisition lifts tenant sales
Evan See - Portfolio occupancy is up at 95.3% from 94.9% a quarter earlier
Geo Energy signs offtake agreement with Trafigura; engages mining contractor
The Edge Singapore - Geo Energy Resources has signed an offtake agreement with commodities trader Trafigura where the latter will buy the entire production volume of the former's mine at Harfa of some 1.5 million tonnes per year. Under terms of the agreement, Trafigura will provide between US$50 and US$100 million ...
Analysts tip StarHub as ‘obvious’ front runner for M1 after Simba merger stalls
Therese Soh - The setback is expected to weigh on Keppel, which had planned to monetise M1 through the deal
Ever Glory wins $230 mil of new contracts, lifts order book to above $900 mil
The Edge Singapore - Ever Glory United Holdings has won contracts worth some $230 million, bringing its total order book to above $900 million, to be delivered through 2027. The contracts are from various customers including the Land Transport Authority, Resorts World Sentosa as well as various commercial building proje ...
Geo Energy secures offtake, mining services MOUs to back coking coal push
Evan See - Initial feasibility studies estimate reserves in the Central Kalimantan site of 15 to 20 million tonnes
DBS’s Tan Su Shan sells 100,000 shares via open market
Felicia Tan - DBS’s (SGX: D05 ) CEO Tan Su Shan has sold 100,000 shares in the bank via the open market. Tan disposed of the shares at $60.12 apiece on May 15. Following the disposal, Tan’s stake in DBS fell to 0.48% from 0.52% previously. On April 30, the bank reported earnings of $2.93 billion for the 1QFY2 ...
Scuttled M1-Simba deal leaves investors with more questions than answers
Jude Chan - How does a telco operator use airwaves that do not belong to it?
Ever Glory order book tops S$900 million on LTA, RWS contract wins
Chloe Lim - The new projects are worth around S$230 million
Singapore stocks end higher amid mixed regional showing; STI up 0.2%
Chloe Lim - ST Engineering leads the gainers on the blue-chip index
Ex-CDL director Kwek Leng Peck rejoins board, six years after resigning over disagreements
Evan See - He is the cousin of executive chairman Kwek Leng Beng and will be appointed vice-chairman
Tan of DBS maintains 'buy' on Prime US REIT and 33 US cents target price with ongoing operational improvements
The Edge Singapore - Derek Tan of DBS Group Research has kept his "buy" call and 33 US cents target price on Prime US REIT, with a view that it is seeing continued operating recovery, with occupancy improving for the fourth consecutive quarter and leasing momentum remaining healthy despite a still-challenging ...
CNA Explains: How radio frequency bands are regulated - and why it matters for telcos
Singapore is investigating whether telco Simba complied with regulations governing the use of radio frequency bands. CNA looks at what these bands are and how they are managed.
Kwek Leng Peck returns to CDL’s board as vice chairman and non-independent non-executive director
Felicia Tan - Kwek Leng Peck, the cousin of City Developments Limited’s (CDL) executive chairman, Kwek Leng Beng, has returned to CDL’s board. Leng Peck will return as a non-independent non-executive director and vice chairman of the company officially on June 1. Leng Peck, who first served as a CDL director ...
DBS, UOB Kay Hian raise respective target prices for NTT DC REIT
The Edge Singapore - Analysts have raised their respective target prices for NTT DC REIT after it reported higher than expected numbers for its FY2026, thanks to higher tenant fit out income, higher co-location revenue, lower taxes and favourable forex. For the year to March, revenue reached US$164.8 million, up 2.5% ab ...
Ikea franchiser slashes 850 jobs in cost-cutting drive as consumer spending falls
It has been squeezed by rising costs and US tariffs
Grab, Sea lean on affordability, subscriptions to defend growth amid macroeconomic headwinds
Benjamin Cher - Even as consumer spending comes under pressure, both companies have maintained their 2026 guidance
Singapore moves to certify AI testers as companies struggle to judge them
Nurdianah Md Nur - Singapore is trying to solve a basic problem in artificial intelligence (AI) adoption. Companies are being told to test their AI systems but many still do not know who is qualified to do that work. The new AI Tester Accreditation Programme aims to address that gap by certifying third-party firms tha ...
Fullerton Fund Management, Temasek Shophouse to hold farmers’ market on May 23
Belle Neo - More than 30 local growers, artisans and “sustainability-focused brands” will set up shop at Temasek Shophouse’s outdoor community space on May 23 for Farmers Market @ Temasek Shophouse. Held within the community spaces of Temasek Shophouse and Community Farm by Fullerton Fund Management, the ...
