Canal+ taps Google and OpenAI for AI-driven video production, content recommendation
March 11 - French media group Canal+ on Wednesday unveiled multi-year agreements with Alphabet's Google Cloud and OpenAI to integrate generative artificial intelligence into its production workflows and streaming service. The company is seeking to rival Netflix's recommendation algorithms ...
Carlyle to sell Colombian oil firm SierraCol to Philippine's Prime Infrastructure
LONDON, March 11 : Private equity group Carlyle has agreed to sell its Colombian oil producer SierraCol to Prime Infrastructure Capital, the infrastructure unit of Filipino businessman Enrique K. Razon Jr., for an undisclosed sum, the U.S. company said on Wednesday.Carlyle, which set up SierraCol in ...
Indonesia lawmakers grill candidates for top regulator jobs after market turmoil
Parliament is considering 10 candidates for a total of five vacancies at the agency, known by its Indonesian abbreviation OJK
China’s Cosco halts Panama port operations as tensions rise
The Balboa port is one of two terminals along the strategic Panama Canal
Credit-friendly climate could spur debt-funded growth for S-Reits: NUS
Chong Xin Wei - Several S-Reits have already offloaded properties in line with their capital recycling strategy
China’s energy security push pays off as war roils Asia refiners
Beijing has moved swiftly to curb diesel and petrol exports to conserve domestic supply
Cathay Pacific posts 9.5% rise in annual profit on strong passenger and cargo demand
It was the carrier’s third consecutive annual profit
OpenAI plans to launch its Sora video tool in ChatGPT, The Information reports
March 10 : OpenAI plans to soon launch its AI video generator Sora in ChatGPT, The Information reported on Tuesday, citing people familiar with the matter.Sora, which expanded OpenAI's foray into multimodal AI technologies, competes with text-to-video tools from Meta and Alphabet's Google. ...
Japan's weak spot on energy in focus as Middle East crisis worsens -REI chair
TOKYO, March 11 : Japan should do more to reduce its reliance on imported fossil fuels, the chair of the Renewable Energy Institute said, after the escalating Middle East conflict halted tanker traffic through the Strait of Hormuz, underlining Japan's vulnerability to geopolitical risks.Japan r ...
DayOne tests brain-inspired computing as BDx raises temperatures at its data centre in Singapore
Nurdianah Md Nur - Singapore's push to make data centres more sustainable is prompting experiments that range from growing living neurons to power computers to running facilities at warmer temperatures. DayOne, a Singapore-headquartered data centre developer, is partnering with Melbourne-based biological computin ...
Asian stocks extend gains, oil stabilises after crude release report
HONG KONG: Asian equities extended gains on Wednesday (Mar 11) while oil stabilised after a report said the International Energy Agency was considering the release of a record amount of its reserves to counter soaring prices.The crude market has been hit by wild volatility since the United States an ...
China moves to curb OpenClaw AI use at banks, state agencies
CHINESE authorities moved to restrict state-run enterprises and government agencies from running OpenClaw AI apps on office computers, acting swiftly to defuse...
Anduril to acquire space surveillance firm ExoAnalytic eyeing more Golden Dome capabilities
WASHINGTON, March 11 : Anduril Industries on Wednesday said it has signed a definitive agreement to acquire ExoAnalytic Solutions, a national security company specializing in space sensing and awareness and missile defense.The purchase comes as defense technology firm positions itself for a role in ...
How Trump and his advisers miscalculated Iran’s response to war
Iran has responded far more aggressively than it did during last June’s 12-day war
Ares plans its first local currency private credit fund in Asia
The firm is also raising a regional special situations fund
Hong Kong family offices plan more crypto, private markets exposure
The financial hub has sought to encourage more wealthy individuals and their families to anchor their investments in the city
Rethinking factories: Why Singapore will lead the next era of manufacturing
Benjamin Johnson - Singapore’s manufacturing sector is one of the few in the world that consistently punches above its weight. From semiconductor fabs in Woodlands to advanced biomedical facilities in Tuas, Singapore’s manufacturers are already operating at world-class standards. Yet the next frontier of manufactu ...
Gold rises after report of oil-stockpile release to ease shock
Higher borrowing costs are a headwind for precious metals, which do not pay interest
Indonesia lawmakers to grill candidates for top regulator jobs after market turmoil
JAKARTA, March 11 : Indonesia's parliamentary financial commission will on Wednesday assess candidates for top jobs at the Financial Services Authority after an equity market rout in January triggered a spate of resignations. The agency's chair, deputy chair, and the chief supervisor and d ...
Portfolio of five retail assets, including units at The Centrepoint and Parkway Parade, for sale at under $31 mil
Jovi Ho - A portfolio of five retail assets comprising two HDB coffeeshops, a HDB shophouse and two strata-titled retail mall units have been put on sale at a guide price of $30.92 million. In total, the five assets have a strata area of 10,151 sq ft, according to exclusive marketing agent CBRE. The two HDB c ...
Can tapping oil reserves tame the Iran war price shock?
China has in recent years built up what appears to be an even larger reserve capacity
ComfortDelGro to build new driving centre in Choa Chu Kang, invest S$200 million in driving education
Deon Loke - It is slated to replace the Bukit Batok Driving Centre by 2030
Oil risk highest for Philippine bonds in Asia, China insulated
Prices are still up more than 20% this month
DBS maintains 'buy' on Yangzijiang after plans to take 10% stake in 'landlord of the ocean'
The Edge Singapore - DBS Group Research has maintained its "buy" call and $4.55 target price for Yangzijiang Shipbuilding after news that it plans to acquire a 10% stake in one of its long-time customers, which accounts for around 10 to 15% of its order book. Under terms of a deal announced on March 10, Yangzi ...
South Korea market crashes are luring traders hooked on leveraged ETFs
South Korean retail investors are among the biggest drivers of trading in US-listed leveraged funds globally
Australian dollar hits multi-year highs as bulls scent rate rise
Markets now expect an interest rate hike
SoftBank's PayPay plans to price US IPO around low end of range, sources say
TOKYO/NEW YORK, March 11 : The initial public offering of SoftBank's PayPay is likely to price around the low end of its marketing range as war in the Middle East roil markets, two people familiar with the matter said.The IPO book was covered more than five times, one of the people said. It has ...
SoftBank's PayPay plans to price IPO around low end of range, sources say
TOKYO/NEW YORK, March 11 : The initial public offering (IPO) of SoftBank's PayPay is likely to price around the low end of the marketing range as tensions in the Middle-East roil markets, according to two sources familiar with the matter.The book for the Japanese payment app operator's IPO ...
Chinese oil buyers pay premium for Canadian crude amid Iran war
The war is likely to shift perceptions of Middle Eastern countries as stable sources of oil
Oil prices fall as WSJ says IEA proposes largest oil stock release ever
TOKYO, March 11 : Oil prices dropped on Wednesday after the Wall Street Journal reported the International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared amid the U.S.-Israel war with Iran.Brent futures were trading down 23 c ...
Stocks to watch: Jardine Matheson, Yangzijiang Shipbuilding, Sembcorp, Mapletree Logistics Trust, Nio
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 11):
Key considerations hanging over the approval of Simba-M1’s merger
Sector regulator Infocomm Media Development Authority has yet to announce its decision
Japan's wholesale inflation cools, but oil shock from Iran war threatens rebound
TOKYO, March 11 : Japan's wholesale inflation cooled for a third month in February as government fuel subsidies blunted rising commodity costs, but analysts warn the respite may be brief, with the oil spike from the Middle East conflict poised to reignite price pressures.The data highlight the ...
Japan's wholesale inflation slows but weak yen lifts import costs
TOKYO, March 11 : Japan's annual wholesale prices rose 2.0 per cent in February, data showed on Wednesday, slowing for the third straight month in a sign of easing cost pressure for companies.But the yen-based import price index rose 2.8 per cent in February from a year earlier, accelerating fr ...
