Dollar nears six-week lows as hopes of Iran talks erase war premium
LONDON, April 15 : The U.S. dollar skimmed six-week lows on Wednesday, having surrendered almost all the gains made since the Iran war erupted, as signs of another round of talks between Washington and Tehran lifted risk appetite.Tehran has effectively shut the Strait of Hormuz, a crucial waterway f ...
Pakistan cenbank opens formal banking to licensed virtual asset service providers
ISLAMABAD, April 15 : Pakistan's central bank has allowed banks to open accounts for licensed virtual asset service providers, overriding a 2018 ban, a circular from the central bank and statement by the virtual asset regulator said, as the country moves to integrate digital assets into the reg ...
Share price of iX Biopharma briefly hits IPO price of 46 cents after listing on Catalist board for 11 years
Teo Zheng Long - After 11 years of listing, iX Biopharma’s share price finally recovered back to its IPO price during today’s trading session and currently has a market cap of around $438 million. Back in July 2015, iX Biopharma was listed on the Catalist board with an IPO price of 46 cents. The IPO allowed the ...
Chip systems supplier Aixtron lifts 2026 sales outlook, shares jump
April 15 : German chip systems manufacturer Aixtron raised its revenue guidance for 2026 on Tuesday, propelled by strong demand for optoelectronics equipment, which sent its shares to an over two-year high on Wednesday.Aixtron expects annual revenue of around 560 million euros ($660 million), plus o ...
Temasek-backed STT GDC, SuperX launch AI Innovation Centre in Singapore
Chloe Lim - The facility aims to ‘fast-track’ AI initiatives from experimentation to production-ready scale
STT GDC, SuperX launch AI Innovation Centre in Singapore
Chloe Lim - The facility aims to ‘fast-track’ AI initiatives from experimentation to production-ready scale
Honda to recall over 440,000 minivans in US over faulty deployment of airbags
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
The record loss comes at a critical juncture for Air India
Analysis:Foreign investors grow more wary of India as FX curbs hit bonds, earnings risks haunt equities
MUMBAI, April 15 : India's foreign exchange restrictions have made it costlier and more complex for overseas investors to hedge against rupee swings, denting the appeal of Indian bonds, while a war-driven hit to earnings prospects is adding fresh pressure on equities.Steps taken by the Reserve ...
SoftBank lenders ask more banks to join US$40 billion OpenAI loan
Those interested are required to commit around US$5 billion each, add sources
Burberry CFO says Asia has compelling prospects but faces increased competition
HONG KONG, April 15 : Burberry Group's chief financial officer, Kate Ferry, said on Wednesday Asia had very compelling long-term prospects for the luxury retailer, but recognised there would be more intensified competition.Ferry was speaking on a panel at the HSBC Global Investment Summit in Ho ...
Changi Airport to revamp private terminal, expand amenities in Terminal 2
Koh Kim Xuan - This comes amid a push to cater to passengers seeking ‘a personalised premium experience’
South Korea says secures 273 million barrels of crude via routes outside Strait of Hormuz
SEOUL, April 15 : South Korea has secured 273 million barrels of crude oil from the Middle East and Kazakhstan through the end of the year, with supplies routed outside the Strait of Hormuz, presidential chief of staff Kang Hoon-sik said on Wednesday.Asia's fourth-largest economy has also secur ...
OCBC to train wealth advisers using generative AI
Deon Loke - Training is previously done by supervisors who had to coach up to 10 staff
Artemis II astronauts made most of professional photography training
HOUSTON, April 15 : The two professional photography instructors who trained Artemis II astronauts to take pictures of the moon and Earth during their historic lunar flyby said they were as impressed as the public by the stunning celestial imagery caught on camera.NASA photography and video trainers ...
Iran war cuts Nissan’s Middle East car sales by half, FT reports
April 15 : Nissan's vehicle sales in the Middle East have fallen to about half of pre-war levels due to a direct hit to car demand from the U.S.-Israeli war against Iran, the Financial Times reported on Wednesday.
Booking.com suffers data breach, says customer data possibly exposed
The online travel platform said that customers' financial information was not accessed from its systems.
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
Ry-Anne Lim - New home sales are 78.3% per cent up year on year for March and five times February’s sales
ASML lifts 2026 forecast as surging AI demand boosts new orders for chip equipment
AMSTERDAM, April 15 : ASML, the world’s largest supplier of chipmaking equipment, on Wednesday reported stronger-than-expected first‑quarter earnings and lifted its 2026 revenue outlook, as artificial intelligence boosts demand for its tools."Demand for chips is outpacing supply. In respons ...
ASML lifts 2026 outlook on the back of stronger AI demand
April 15 : ASML raised its 2026 revenue outlook on Wednesday as demand for artificial intelligence chipmaking tools continues to rise.The Dutch computer chip equipment maker said 2026 sales should land between 36 billion and 40 billion euros ($42 billion and $47 billion), against the previously guid ...
US prosecutors made unannounced visit to Federal Reserve in DC
US PROSECUTORS made a surprise visit to the Federal Reserve’s offices in Washington Tuesday amid the Justice Department’s investigation into Chair Jerome...
Stocks rise, blockade holds, talks may resume
A look at the day ahead in European and global markets from Gregor Stuart HunterGlobal equities are nudging higher with fresh record highs within view, after U.S. President Donald Trump said on Tuesday that talks to end the Iran war could resume in Pakistan over the next two days.Though there's ...
Saudi Arabia backstops Pakistan with $3 billion as UAE debt looms
DUBAI/LAHORE April 15 : Saudi Arabia will provide $3 billion in additional support for Pakistan to help the South Asian nation bridge a multi-billion dollar gap in its finances linked to an upcoming debt repayment to the United Arab Emirates.The extra funding for Pakistan comes on top of Riyadh exte ...
Saudi Arabia backstop Pakistan with $3 billion as UAE debt looms
DUBAI/LAHORE April 15 : Saudi Arabia will provide $3 billion in additional support for Pakistan to help the South Asian nation bridge a multibillion dollar gap in its finances linked to an upcoming debt repayment to the United Arab Emirates.The extra funding for Pakistan comes on top of Riyadh exten ...
Uber commits $10 billion to robotaxis in strategy shift, FT says
April 15 : Uber has committed more than $10 billion to buying thousands of autonomous vehicles and taking stakes in their developers, breaking from its asset-light "gig economy" business model to avoid disruption from robotaxis, the Financial Times reported on Wednesday.Reuters could not i ...
OCBC taps on generative AI to bring consistent training to wealth advisers at scale
Nurdianah Md Nur - OCBC Bank has rolled out a generative AI-powered training programme for its 900-strong wealth advisory force in Singapore. The six-month programme uses simulated client conversations to train wealth advisers across competencies, including investment advisory, client management, product knowledge and ...
Indonesia eyes Russian crude as Middle East tensions deepen import gap, subsidy strain
Elisa Valenta - The move comes as countries scramble to secure energy supplies while the conflict drags on
UOB Kay Hian doubles down on Sembcorp with higher target price of $8.06
Lin Daoyi - With the Middle East conflict prolonging, countries have been scrambling to find alternative sources of energy. One alternative fuel is coal. Despite being polluting, coal is relatively cheap and reliable, suitable for supporting nations as they seek to mitigate the energy crisis. Against this backd ...
DBS sees wealthy European, US clients more interested in Asia
DBS and local rivals drew a combined S$77 billion in net new wealth money last year
Stocks rally, oil extends losses as Trump fans fresh peace hopes
Comments from US President Donald Trump provided a fresh boost to equities, which were already rising on optimism that the six-week conflict in the Middle East could be close to an end.
Federal agencies skirt Trump’s Anthropic ban to test its advanced AI model, Politico reports
April 14 : Federal agencies and government officials are quietly sidestepping U.S. President Donald Trump’s ban on working with Anthropic, Politico reported on Tuesday. The Commerce Department's Center for AI Standards and Innovation is actively testing Anthropic's frontier AI model Myth ...
Pakistan says Saudi Arabia pledges $3 billion more in support for it
NEW DELHI, April 15 : Saudi Arabia has announced $3 billion in additional support for Pakistan and extended a $5 billion deposit, Pakistan Finance Minister Muhammad Aurangzeb said while talking to members of the media in Washington.
Pakistan says Saudi Arabia pledges $3 billion more in financial support
LAHORE/DUBAI, April 15 : Saudi Arabia will help Pakistan bridge a multibillion dollar gap in its finances linked to an upcoming debt repayment to the United Arab Emirates.Riyadh has announced $3 billion in additional support for Pakistan and extended the rollover arrangement for an extra $5 billion ...
Malaysia’s fuel subsidy bill swells to RM7 billion in April
RON95 - the most popular grade of petrol - retails at RM1.99 per litre, among the lowest in the world
