Five ways Elon Musk's SpaceX upended Wall Street's IPO playbook
June 8 : Elon Musk is bringing his pioneering business style to the IPO world this week when his rocket and satellite maker SpaceX goes public, in ways that no other company has. Here is how SpaceX is breaking Wall Street traditions with its record $75 billion listing.1. 'TAKE-IT-OR-LEAVE-IT� ...
China car sales downturn extends into May as Volkswagen tests EV revamp
Exports grow 75.1% but the increase isn’t enough to counter the domestic slump
‘Human judgment’ is vital even with AI’s introduction: HSBC CEO
He insists people are still key, and that it can even mean more hiring in the future
‘Human judgment’ is vital even with AI’s introduction, HSBC CEO says
He insists people are still key, and that it can even mean more hiring in the future
M&G Investments emerges as substantial shareholder of NetLink NBN Trust
Teo Zheng Long - Global asset manager, M&G Investments, has emerged as a substantial shareholder of NetLink NBN Trust (SGX: CJLU ) . In the filing on June 8, the asset manager has purchased 8,199,800 units for a total consideration of $8,281,798, excluding brokerage and stamp duties. This translates to an averag ...
South Korea to seek priority supply of Nvidia Vera Rubin GPUs, science minister says
SEOUL, June 8 : South Korea will ask for priority supply of Nvidia's next-generation Vera Rubin graphics processing units, as deliveries are expected to be delayed, Science and ICT Minister Bae Kyung-hoon said on Monday. Bae said a government notice for South Korea's GPU project had been i ...
Eni and Petronas launch gas joint venture in Southeast Asia
MILAN, June 8 : Italy's Eni and Malaysia's Petronas have established a 50-50 joint venture combining energy businesses across Indonesia and Malaysia after signing an investment agreement in November, they said on Monday.The move is part of Eni's so called satellite strategy to spin of ...
Japanese investors make biggest foreign stock exit in five years in May
June 8 : Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a tech-driven market rally had run too far weighed on sentiment.They sold foreign stocks of a net 2.72 trillion yen ($16.98 billion) during the mo ...
Meta to take legal action against Israeli spyware firm NSO, foils phishing attacks
June 8 : Meta said on Monday it is filing a federal court contempt order against Israeli spyware firm NSO Group for violating a permanent injunction that barred it from ever targeting WhatsApp and its users.The company said its WhatsApp messaging service disrupted new spear phishing attempts linked ...
Meta takes legal action against Israeli spyware firm NSO
June 8 : Meta said on Monday it is filing a federal court contempt order against Israeli spyware firm NSO Group for violating a permanent injunction that barred it from ever targeting WhatsApp and its users.The company said its WhatsApp messaging service disrupted new spear phishing attempts linked ...
Meta takes legal action against Israeli spyware firm NSO Group
June 8 : Meta said on Monday it is filing a federal court contempt order against Israeli spyware firm NSO Group for violating a permanent injunction that barred it from ever targeting WhatsApp and its users.
UK watchdog begins formal review of eBay's purchase of Depop
June 8 : Britain's competition regulator said on Monday it would begin formally reviewing eBay's planned acquisition of Gen-Z focused fashion resale platform Depop after ending the first part of its information gathering process. The Competition and Markets Authority (CMA) said it had clos ...
UK competition watchdog launches probe into eBay's purchase of Depop
June 8 : UK's competition regulator on Monday launched a probe into eBay's $1.2 billion purchase of Gen Z-focused fashion resale platform Depop from Etsy.
Eni and Petronas launch gas joint venture in South-east Asia
The new company will start from an initial production base of over 300,000 barrels of oil equivalent per day
Italy’s top bank Intesa launches unsolicited 30.6 billion euro bid for rival Monte dei Paschi
The merged entity will be eurozone’s second-biggest by market value, with a capitalisation of 126 billion euros
Big tech firms must stop young people circulating nude images, says UK PM Starmer
LONDON, June 8 : Big tech firms operating in Britain must introduce safety measures on children's phones to prevent them from circulating nude images or they will face legislation forcing them to do so, Prime Minister Keir Starmer said on Monday. Under the new plans, firms like Apple and Google ...
SpaceX IPO will not break capital markets but add to strains
The stock debut will widen the valuation gap between the constituents of indices and the companies outside them
UK PM Starmer set to ban ‘harmful’ social media for under-16s
France, Denmark and Poland are also considering tightening rules around social media use for children
Europe’s Stoxx 600 hits two-week low on Middle East escalation, AI jitters
EUROPE’S Stoxx 600 share index slid to a two-week low on Monday (June 8), weighed by escalating tensions in the Middle East...
Panasonic to start US data centre battery production by fiscal 2028
TOKYO, June 8 : Panasonic Holdings said on Monday it plans to start mass production of battery cells for data centre applications at a plant in the U.S. state of Kansas in the financial year 2028, which ends March 2029.Here are some details:• The company said it would allocate about 350 billion ye ...
Carlsberg nears filing for US$700 million India IPO: sources
It is working with Kotak Mahindra Capital and local units of JPMorgan Chase and Citigroup on the share sale
South Korea’s Kospi craters over 8% as Fed fears spark tech rout
President Lee Jae Myung said the market was “still undervalued”
Temasek-backed startup PhysicsX hits US$2.4 billion valuation to provide AI for manufacturing
The startup needs more cash to expand its staff in part because of a roughly six-month backlog of customer demand
Maybank's Krishna Guha raises target price for Sembcorp to $6
The Edge Singapore - Krishna Guha of Maybank Securities has raised his target price for Sembcorp Industries from $5.60 to $6 after news that the utilities company has been chosen by the Emirates Water and Electricity Company as one of the minority partners of a 2.6GW independent power producer project. Leading regional ...
RHB upgrades Apac Realty to ‘buy’ on ‘steady increase in residential supply’
Jovi Ho - RHB Bank Singapore analyst Vijay Natarajan has upgraded Mainboard-listed Apac Realty to “buy” from “neutral” as the risk-reward behind the property agency’s stock “turns favourable”. Apac Realty’s share price has declined some 27% from a near-five year peak in September 2025, present ...
South Korea names first female PM in decades to lead AI push
She would become the first woman to hold the post since former PM Han Myeong Sook in 2006
South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks
SEOUL, June 8 : South Korea's stock benchmark plunged over 8 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally.The KOSPI fell 8.3 per cent ...
As the West explores new frontiers, South-east Asia is looking back down at Earth from space
Evan See - Earth observation data sees ‘increasingly pragmatic’ use in trade-heavy corridors and across archipelagos
Singapore well-placed to be Asean’s gold-trading hub as regional duties rise: analysts
Benicia Tan - Creating enough market depth and building the necessary infrastructure is thus a priority, they add
Hormuz strait will be open but with transit fees, Iran envoy to Moscow quoted
Several tankers have managed to leave the Gulf recently, but oil and liquefied natural gas flows are still severely constrained
How a few AI chip giants warped Asia’s stock picking game
TSMC, Samsung and SK Hynix make up a third of MSCI Asia-ex-Japan, raising concentration risks
China’s global e-commerce push stalls as Iran war lifts costs, dampens demand
Exports are still much higher than they were two years ago
OCBC to offer physical gold trading services for institutional, BOS private banking clients from Jun 10
Jermaine Fok - Offerings are available in 12.4 kg and 1 kg sizes
Indonesia’s foreign reserves suffer longest decline since 2018
Foreign investors have pulled more than US$3.5 billion from Indonesian stocks
