Samsung sees AI driving strong chip demand in 2026, executive says
SUWON, South Korea, March 18 : Samsung Electronics sees strong demand for chips continuing this year, driven by the global artificial intelligence wave, but rising memory chip prices could hit computer and mobile shipments, its top executive said on Wednesday. Jun Young-hyun, a Samsung Electronics v ...
KKR, Bain Capital, others eye Tokyo Electric's capital alliance plan, Asahi reports
TOKYO, March 18 : Dozens of investment funds and companies, including KKR and Bain Capital, are showing interest in Tokyo Electric Power's capital alliance plan as part of its business turnaround, the Asahi newspaper reported on Wednesday. The utility giant, which began soliciting proposals in ...
Elliott takes 'significant' stake in Japan shipper Mitsui OSK
TOKYO, March 18 : Elliott Investment Management has taken a "significant" stake in Mitsui OSK Lines, with two sources saying it is pushing the shipping company to improve shareholder returns and capital efficiency. The hedge fund is at the forefront of growing activist activity in Japan wh ...
Exclusive-Elliott takes 'significant' stake in Japan shipper Mitsui OSK, sources say
TOKYO, March 18 : Elliott Investment Management has taken a "significant" stake in Mitsui OSK Lines and is pushing the shipping company to improve shareholder returns and capital efficiency, according to two sources familiar with the matter.The hedge fund believes Mitsui OSK should conduct ...
AT1 bond market reopens with HSBC raising US$2.5 billion
The firm is the largest issuer of AT1s globally with more than US$23 billion of the deeply subordinated bonds outstanding
Trump administration defends Anthropic blacklisting in US court
(Refiles to correct media story identifier to from USA-PENTAGON/USA)By Jack QueenNEW YORK, March 17 : The Trump administration said in a Tuesday court filing that the Pentagon’s blacklisting of Anthropic was justified and lawful, opposing the artificial intelligence lab’s high-stakes lawsuit cha ...
Airline bookings surge as travellers rush to lock in fares
The global aviation industry has been thrown into disarray since the US and Israel began bombing Iran on Feb 28
Olam unit bags 1.1 billion euro dual-tranche loan facility
Chloe Lim - Proceeds will be used for refinancing of ofi’s existing loans and general corporate purposes
Stocks to watch: Singtel, Suntec Reit, ComfortDelGro, Marco Polo Marine, Olam
Shikhar Gupta - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 18):
Marco Polo Marine unit wins NT$2.9 billion 15-year government charter contract in Taiwan
Chloe Lim - It involves the charter of one emergency tug boat or salvage vessel
Marco Polo Marine unit bags NT$2.9 billion 15-year government charter contract in Taiwan
Chloe Lim - It involves the charter of one emergency tug boat or salvage vessel
Dollar softens as a cooling oil rally lifts risk sentiment
TOKYO, March 18 : The U.S. dollar lost ground on Wednesday as easing crude oil prices allowed for a glimmer of risk appetite ahead of a slate of central bank policy meetings.The currency weakened against the yen which pulled back from levels where traders had braced for Japanese intervention, ahead ...
Dollar steadies as oil rally cools, lifting risk sentiment
TOKYO, March 18 : The dollar took a breather on Wednesday as easing crude oil prices sparked a glimmer of risk appetite in the markets ahead of a slate of key central bank decisions.The yen remained shaky near levels that triggered concerns about Tokyo intervening in the markets ahead of Japanese Pr ...
Dollar holds losses as risk appetite flickers ahead of central bank meetings
TOKYO, March 18 : The dollar held losses on Wednesday as a glimmer of risk appetite came back to markets ahead of a slate of key central bank decisions.The yen rallied from levels that conjured concerns of intervention in markets by Tokyo ahead of Japanese Prime Minister Sanae Takaichi's meetin ...
With watchful eye on Iran war, crypto dodges UAE disruption
DUBAI, March 18 : Laia Fernández has been working as normal as a crypto marketing executive from her high-rise apartment in Dubai's gleaming downtown business district, even as occasional sounds of projectile interceptions act as reminders of the U.S.-Israeli war on Iran.While the conflict has ...
Indonesia tightens rules on dollar-buying as war spurs outflows
The monetary authority also needs to closely monitor inflationary pressures
Japan exports rise 4.2% in February from year earlier
TOKYO, March 18 : Japanese exports rose 4.2 per cent year-on-year in February, up for a sixth straight month, data from the Ministry of Finance showed on Wednesday. The result compared with a 1.6 per cent increase expected by economists in a Reuters poll.Imports grew 10.2 per cent in February from a ...
Musk's motives are debated as Twitter shareholder trial nears end
SAN FRANCISCO, March 17 : A lawyer for former Twitter shareholders suing Elon Musk urged a federal jury on Tuesday to hold the world's richest person liable for driving down Twitter's stock price in 2022 by attempting to back out of or renegotiate his $44 billion purchase of the social med ...
Prudential posts 12% rise in new business profit, flags US$7 billion shareholder returns
The company says that it now expects to return more than US$7 billion to shareholders over the 2024 to 2027 period
Marco Polo Marine wins 15-year chartering contract in Taiwan worth $118 mil
The Edge Singapore - Marco Polo Marine has won a 15-year charter contract worth NT$2.948 billion, or $118 million in Taiwan. The contract was won from Taiwan's Marine Port Bureau via its indirect subsidiary, PKR Offshore Co, to provide one emergency tug boat or salvage vessel to support Taiwan's maritime. This ...
Fintech lender SoFi disputes short seller Muddy Waters' report, considers legal action
SoFi rejects short-seller Muddy Waters' report, considers legal action
March 17 : SoFi Technologies said on Tuesday that it will explore potential legal action against short seller Muddy Waters Research and called its report from earlier in the day "inaccurate and misleading."
Top Japan firms offer big pay hikes, focus on Iran conflict ahead
TOKYO, March 18 : Major Japanese companies, including Toyota, offered big pay hikes in annual wage talks on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the Middle East conflict clouds the outlook.The ongoing wage talks have been largely insulate ...
Top Japan firms set to offer big pay hikes, focus on Iran conflict ahead
TOKYO, March 18 : Many major companies are set to offer big pay hikes as they wrap up their annual wage talks with unions on Wednesday, reflecting strong pay momentum for a fourth consecutive year, although uncertainty from the Middle East conflict clouds the outlook.The ongoing wage talks have been ...
Asian refiners scour the world for oil with Hormuz flows halted
Asia, which depends heavily on crude from producers in the Persian Gulf, faces the greatest exposure to the disruption
Japan manufacturers' mood hits 4-year high, Middle East risks weigh outlook: Reuters poll
TOKYO, March 18 : Japanese manufacturers' confidence improved to its highest level in over four years in March, buoyed by the chemicals and petroleum sectors and a recovery in the semiconductor market, the Reuters Tankan poll showed.However, concerns over the Middle East conflict, rising costs ...
Live Nation ticket director downplays ‘robbing them blind’ chats
A LIVE Nation Entertainment ticketing director, who once denigrated fans in an internal chat as “so stupid” for being willing to pay high fees...
Apac to lead Swiss private bank EFG’s growth; region contributes 25% of AUM
Benjamin Cher - Hong Kong remains a core market with an established wealth ecosystem and its position as a gateway to China
Exclusive-Nvidia preparing Groq chips that can be sold in Chinese market, sources say
SAN JOSE, California, March 17 : Nvidia is preparing a version of its Groq artificial-intelligence chips that can be sold to the Chinese market, two sources familiar with the matter told Reuters on Tuesday.Nvidia acquired Groq, an AI chip startup, late last year in a $17 billion deal and showed a ne ...
Amazon plans drastic cut in packages it sends through USPS
Amazon and USPS have been in talks for more than a year
Amazon plans drastic cut in packages it sends through USPS, WSJ reports
AMAZON is looking to sharply cut the number of packages it sends through the US Postal Service, a move that could cost...
US securities regulator issues long-awaited crypto guidance
The SEC’s new interpretation classifies crypto tokens into five categories
Insurer Prudential clocks 12% rise in annual new business profit
March 18 : Insurer Prudential posted a 12 per cent rise in annual new business profit on Wednesday, helped by resilient momentum in its Asia and Africa market. The London and Hong Kong dual-listed company said its new business profit on a traditional embedded value (TEV) basis was $2.78 billion for ...
Singtel hit by second disruption a day after eight-hour outage
Cybersecurity experts say it is possible for the two outages to be unrelated because telco networks are made up of many different...
