Tencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation, The Information reports
April 22 : Chinese tech giants Tencent Holdings and Alibaba Group are in discussions to invest in artificial intelligence startup DeepSeek, The Information reported on Wednesday, citing four people with knowledge of the conversations.DeepSeek, owned by Chinese hedge fund High-Flyer Capital Managemen ...
India’s Tata Communications posts quarterly revenue rise on data‑services growth
April 22 : India's Tata Communications reported a 9.4 per cent rise in fourth-quarter revenue on Wednesday, supported by demand for cloud infrastructure and high-bandwidth cable services housed under its data services unit.• Revenue from its mainstay data services business rose 11.5 per cent ...
Societe Generale takes on more crypto firms as clients, SG-FORGE CEO says
PARIS, April 22 : French bank Societe Generale is taking on more crypto companies as customers and expects the use of stablecoins by its corporate clients to grow, SG-Forge CEO Jean-Marc Stenger told Reuters, although take-up so far is limited.SocGen's crypto business has 15 clients, which incl ...
Merck to partner with Google Cloud on AI initiatives
NEW YORK, April 22 : Drugmaker Merck & Co said on Wednesday it will partner with Google Cloud to build up its artificial intelligence capabilities, investing as much as $1 billion with Google over a number of years to fund AI infrastructure, engineers and licensing of the tech company's Gem ...
European chip, electrical stocks surge as AI optimism builds on earnings
April 22 : Shares in European chip and electrical equipment makers rallied on Wednesday as investors piled into stocks set to benefit from the artificial intelligence investment boom, following upbeat earnings reports and an outsized surge in U.S. peers.Computer chip equipment maker ASM Internationa ...
Asian shipowners to cross Hormuz before Western firms, executives say
LAUSANNE, April 22 : Asian ship owners might begin to sail through the Strait of Hormuz soon amid a fragile U.S.-Iran ceasefire as they have a higher risk tolerance and can manage paying tolls unlike sanctions-complying Western firms, shipping executives said at the FT Commodities Global Summit on W ...
Vietnam's VinFast reports 61% rise in first-quarter EV deliveries
April 22 : Vietnamese electric vehicle maker VinFast said on Wednesday its preliminary first-quarter EV deliveries rose 61 per cent from a year earlier, driven by strong sales of its Limo Green and VF 3 models.The company delivered 58,577 electric vehicles globally in the first quarter, according to ...
ExxonMobil said to consider sale of Hong Kong gas stations
[HONG KONG] ExxonMobil is exploring a sale of its gasoline station network in Hong Kong, according to people familiar with the matter,...
AT&T adds more wireless subscribers than expected as bundling pays off
April 22 : AT&T added more wireless subscribers than expected in the first quarter, benefiting from customers opting for the telecom provider's packages bundling wireless and high-speed fiber services.Shares of the company were up 1 per cent in premarket trading on Wednesday. In a highly co ...
In the AI era, Apple’s strengths may become its constraints
Incoming CEO Ternus will need to balance AI openness with the firm’s tight integration
Sinopec unit sells CATL shares for US$770 million amid EV battery stock surge
The 8.5 million shares sold represent about 5.5% of EV battery makers’ Hong Kong shares in issue
Exxon Mobil in talks to sell Hong Kong fuel station network, sources say
April 22 : U.S. energy major Exxon Mobil is in talks to sell its Hong Kong fuel stations in a deal that could fetch a few hundred million dollars, said three people with knowledge of the matter. The company has hired a financial adviser and held discussions with a handful of bidders, the sources sai ...
Exxon eyes sale of Hong Kong gas stations, sources say
April 22 : U.S. energy major Exxon Mobil is considering a sale of its gas stations in Hong Kong in a deal that is expected to fetch a few hundred million dollars, said three people with knowledge of the matter. The company has hired a financial adviser and held discussions with a handful of bidders, ...
Exxon eyes sale of Hong Kong gas stations for up to $600 million, Bloomberg News reports
April 22 : U.S. energy major Exxon Mobil is considering a sale of its gas stations in Hong Kong and may seek a valuation of $500 million to $600 million for the assets, Bloomberg News reported on Wednesday, citing people familiar with the matter.Exxon did not immediately respond to a request for com ...
Software makers' best may not be good enough as AI fears mount
April 22 : Salesforce will likely report its fastest quarterly revenue growth in three years, but analysts say that may not be enough, as fears that artificial intelligence would decimate software makers have sapped investor confidence in the industry.Software CEOs such as Salesforce's Marc Ben ...
STI falls 0.2% as banking trio ends lower
Tay Peck Gek - Across the broader market, gainers edge out losers 298 to 288, after 1.9 billion securities change hands
Keppel Reit’s equity fundraising exercise may dilute DPU despite improved Q1 earnings: analysts
Therese Soh - CGSI cuts its target price on a lower distribution per unit forecast, while RHB lifts its projections
India's central bank in talks with global regulators, banks to review Mythos risks, sources say
MUMBAI, April 22 : India’s central bank is in talks with global regulators, Indian lenders and government officials to understand the potential risks posed by Anthropic’s new artificial intelligence model Mythos, three sources said.The Reserve Bank of India's preliminary assessment - just l ...
Japex aims to quadruple oil and gas output in 10 years, eyes US expansion
TOKYO, April 22 : Japan Petroleum Exploration said on Wednesday it plans to quadruple its oil and gas output over the next decade, investing 1.16 trillion yen ($7.3 billion) in exploration and production, mainly in the United States.The company, which recently acquired Verdad Resources Intermediate ...
OpenAI briefs US agencies, Five Eyes on new cybersecurity product, Axios reports
April 22 : OpenAI has briefed U.S. federal agencies, state governments and Five Eyes member countries on the capabilities of its new cybersecurity product over the past week, Axios reported on Wednesday. Cybersecurity is becoming a key battleground for AI labs such as OpenAI and Anthropic as their a ...
OpenAI briefs US agencies, Five Eyes on new cyber product, Axios reports
April 22 : OpenAI has briefed U.S. federal agencies, state governments and Five Eyes allies on the capabilities of its new cyber product over the past week, Axios reported on Wednesday. Reuters could not immediately verify the report.
LG Display to invest $745 million in OLED display infrastructure
SEOUL, April 22 : South Korea's LG Display said on Wednesday that it plans to invest 1.1 trillion won ($744.94 million) in building infrastructure for organic light-emitting diode, or OLED, displays to improve its technological competitiveness.The flat-screen maker said the investment will be m ...
Aberdeen sees £2.9 billion outflows as volatility jolts markets
The firm’s share price has rallied about 70% from its low in April 2025
COEs: Mainstream car category tops bidding at S$123,010 as demand ‘just too strong’
Derryn Wong - Category A rises 4.2%, and closes in on its all-time high of S$128,105 last October
India's Tech Mahindra beats quarterly revenue view on broad-based growth
BENGALURU, April 22 : Indian IT services company Tech Mahindra posted fourth-quarter revenue that beat analysts' estimates on Wednesday, with six out of its seven segments growing year-on-year. Consolidated sales for the quarter ended March 31 rose 12.6 per cent year-on-year, the firm's fi ...
Deutsche Telekom, T-Mobile in early talks for potential mega merger, sources say
April 22 : Deutsche Telekom is exploring a deal to combine with its U.S. unit, T-Mobile US , to create a $400 billion telecoms giant in what would be the largest ever public merger, two people familiar with the matter said. The German group's shares fell about 3 per cent on Wednesday morning af ...
Deutsche Telekom shares slip after T-Mobile merger talks reports
BERLIN, April 22 : Deutsche Telekom shares fell 1.5 per cent on Wednesday on reports of potential merger talks between the German telecoms conglomerate and U.S.-based T-Mobile US, which would be the largest ever public merger if it goes ahead.Details of the early stage talks were confirmed to Reuter ...
Australia and New Zealand central banks monitoring Anthropic's Mythos release
SYDNEY, April 22 : The central banks of Australia and New Zealand said on Wednesday they were monitoring the release of Anthropic's advanced Mythos artificial intelligence model, joining authorities around the world in expressing concerns about the new cybersecurity risks it poses.Designed for ...
Raffles Family Office opens new Singapore office, launches foundation to formalise philanthropy push
Jean Low - The newly established RFO foundation reflects a generational shift in how Asia’s ultra-wealthy think about legacy
Prime Orchard condo High Point takes fifth stab at en bloc sale with S$580 million asking price
Deon Loke - Market watchers say developers will have to price the finished condo at an average of around S$5,000 psf
Asian Development Bank leader Kanda announces reelection bid
TOKYO/MANILA, April 22 : Asian Development Bank President Masato Kanda announced on Wednesday his intention to stand for reelection as President after his current term ends on November 23, 2026, the Manila-based lender said in a statement. "With the trust of our partners, it would be my honour ...
Asian Development Bank leader Kanda announces bid for second term
MANILA, April 22 : Asian Development Bank President Masato Kanda announced on Wednesday his intention to stand for reelection as President after his current term ends on November 23, 2026, the Manila-based lender said in a statement. "With the trust of our partners, it would be my honour to con ...
Japan's Nikkei rises to record closing high on tech boost
[TOKYO] Japan’s Nikkei share average rose for a third consecutive session and hit a record closing high on Wednesday (Apr 22), supported...
Asian stocks slip from pre-war peak on Mideast ceasefire doubts, fallout worries
Markets digested the indefinite ceasefire extension announced by US President Donald Trump, weighing the long-term implications of already lost crude supply and the ongoing closure of the Strait of Hormuz on emerging, energy-importing countries in Asia.
