South Korea market watchdog issues warning on leveraged stock investments
SEOUL, June 18 : South Korea's financial market regulator issued on Thursday an investor warning on single-stock leveraged investment products recently introduced amid a world-beating, chipmaker-led rally in the domestic market. "With stock market volatility increasing recently, there have ...
Apple to raise prices due to memory chip shortage: CEO Cook
Memory and storage costs are both concerns for the company, with particular emphasis on the DRAM market
Japan vows to act 'any time' on yen as markets brace for intervention
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves at any time, the government's top spokesperson said on Thursday as the yen's renewed slide tests Tokyo's resolve to prop up the sagging currency."We are ready to respond appropriately to currency move ...
Japan ready to respond 'appropriately' to yen moves, government spokesperson says
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves, the government's top spokesperson said on Thursday as the yen's renewed slide tests Tokyo's readiness to intervene in the market to prop up the sagging currency."We are ready to respond appropriately ...
KKR bets US$1.4 billion on aircraft leasing as Boeing and Airbus supply shortages boost demand
Since 2018, the private equity firm and Altavair have acquired 188 aircraft and engine assets
KKR bets US$1.4 billion on aircraft leasing, eyes airlines, Boeing and Airbus
Since 2018, the private equity firm and Altavair have acquired 188 aircraft and engine assets
Onitsuka Tiger pivots from Asics stripes to tap luxury market
By Eru Ishikawa, Yui Hasebe and Shery Ahn / Bloomberg - Onitsuka Tiger is looking at life beyond its famous stripes as the footwear brand prepares to transform into a luxury lifestyle label distinct from Asics Corp. The 77-year-old sneaker maker is set to be spun off from parent Asics on Jan 1 to capitalise on a resurgence in interest for retro aesthetic ...
Hillhouse seeks US$600 million loan to fund data centre operator DayOne investment: sources
The move highlights the massive funding financial institutions must provide for DayOne’s global expansion
Singapore’s Carro enters Australia market with acquisition of used-car platform CarPlace
Chloe Lim - Deal marks Singapore unicorn’s eighth market in the Asia-Pacific
Carro enters Australia market with acquisition of used-car platform CarPlace
Chloe Lim - Deal marks Singapore unicorn’s eighth market in the Asia-Pacific
Australia probes private credit lenders, warns on valuations
The real estate sector is a major borrower in the roughly A$200 billion industry in the country
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
Shikhar Gupta - Brokerages, including UOBKH and RHB, are moving to upgrade battered plantation stocks across the board
Palm oil stocks set to surge as Indonesia said to be scaling back latest export overhaul: analysts
Shikhar Gupta - Brokerages, including UOBKH and RHB, are moving to upgrade battered plantation stocks across the board
Palm oil stocks set to surge as Indonesia reportedly to scale back export grip: analysts
Shikhar Gupta - Brokerages, including UOBKH and RHB, are moving to upgrade battered plantation stocks across the board
Stocks slip as Fed rate outlook offsets optimism over Iran deal
LONDON, June 18 : Global stocks were torn on Thursday between concern about the rising chances of a U.S. rate hike this year after the Federal Reserve's meeting and optimism over the reopening of the Strait of Hormuz.The United States and Iran on Wednesday released the text of their agreement, ...
Asian stocks steady, oil lower as US and Iran sign peace deal
TOKYO, June 18 : Asian stocks were steady and oil prices dipped on Thursday as investors assessed progress toward ending the war in the Middle East after the presidents of the U.S. and Iran signed an interim peace deal, though uncertainties still hovered. Both countries released the text of the agre ...
HSBC’s Australia unit to pay A$35 million fine over scam protection failures, court rules
The proposed settlement remains subject to approval by the Federal Court
HSBC’s Australia unit faces A$35 million penalty over scam protection failures
The proposed settlement remains subject to approval by the Federal Court
Dollar hits one-year high on Fed hike bets; Japan warns on yen
HONG KONG, June 18 : The U.S. dollar rose to its highest in more than a year on Thursday after a hawkish hold from the Federal Reserve triggered bets on rate hikes, while yen weakness drew verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent to 3.75 per ...
Dollar hovers near two-month high on Fed hike bets; Japan warns on yen
HONG KONG, June 18 : The U.S. dollar hovered close to a two-month high on Thursday after a hawkish hold from the Federal Reserve triggered bets on rate hikes, while yen weakness drew verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent to 3.75 per cent r ...
Dollar holds two-month high on rate hike bets, yen slides
HONG KONG, June 18 : The U.S. dollar clung to a more than two-month high on Thursday after a hawkish hold triggered rate-hike bets despite a U.S.-Iran deal, while the yen weakness drew fresh verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent-3.75 per c ...
Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides
HONG KONG, June 18 : The U.S. dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate hikes this year, heaping fresh pressure on the Japanese yen toward intervention territory.The U.S. central bank held rates steady in a 3.50 per cent-3.75 per cent ...
AI will lead to labour shortages, Amazon founder Bezos says
The comments come when global companies cut thousands of jobs after investing heavily in AI
Elon Musk’s next move may be a megamerger of SpaceX and Tesla
Some shareholders might object, but there is little they could do, legal experts say
Oil falls to lowest since start of Iran war after ceasefire deal signed
LONDON, June 18 : Oil prices fell 2 per cent on Thursday to their lowest since the first trading day of the Iran war, as a U.S.-Iran interim deal to end the war, reopen the Strait of Hormuz and ease sanctions on Tehran boosted the global supply outlook. Brent crude futures were down $1.59, or 2 per ...
Oil slips again as US, Iran sign peace deal
BEIJING, June 18 : Oil prices fell in early trading on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran's oil, resolving the largest energy supply disruption in history.Brent crude futures we ...
Google Gemini co-lead Noam Shazeer to join IPO-bound OpenAI
June 17 : Noam Shazeer, a vice president of engineering at Google and co-lead of its Gemini artificial intelligence models, said on Wednesday that he will leave the company to join IPO-bound ChatGPT maker OpenAI.• Shazeer's move comes as leading AI firms compete for talent while racing to dev ...
Google's Gemini co-lead Noam Shazeer to join OpenAI
June 17 : Noam Shazeer, a vice president of engineering at Google and co-lead of its Gemini artificial intelligence models, said on Wednesday he will leave the company to join OpenAI.
Stocks to watch: Centurion, Far East Group
Chloe Lim - [SINGAPORE] The following companies saw developments that may affect the trading of their securities on Thursday (Jun 18):
Nvidia supplier SK Hynix ships samples of next-generation chips to major customers
SEOUL, June 18 : SK Hynix said on Thursday it has shipped samples of its latest high-bandwidth memory (HBM) chips to major customers, as the South Korean chipmaker seeks to strengthen its position in the fast-growing AI semiconductor market.The next-generation 12-layer HBM4E chip reaches speeds of u ...
Microsoft makes big AI inroads in China by selling OpenAI models
The company operates multiple data centre regions in the country, near Beijing and Shanghai
The future of Orchard Road rests on having a cohesive vision
Lee Su Shyan - Singapore’s famed shopping belt is losing ground to its regional rivals
Half of Japan firms see post-Iran war recovery taking over 6 months: Reuters Poll
TOKYO, June 18 : Nearly half of Japanese firms believe it will take more than six months for their business operations to return to normal after a ceasefire is achieved between the United States and Iran, a Reuters survey showed on Thursday. The survey took place before Washington and Tehran's ...
As Singapore’s construction sector goes green, portable ‘power banks’ are leading the charge
Russell Marino Soh - Clean-energy firm GoRental’s battery systems offer a cheaper, quieter alternative to diesel-powered generators
