News
Wall Street subdued at open as investors await key inflation report
[NEW YORK] Wall Street’s main indexes had a subdued open on Friday (Dec 5) as investors avoided large bets and awaited a long-delayed key inflation report that could shape...
Singapore digital infrastructure company EFGH to pursue US listing via Spac
It has entered into a business combination agreement with WinVest Acquisition Corp[SINGAPORE] Singapore-headquarted financial Internet infrastructure company Embed Financial Group Cayman Holdings (EFGH) plans to list in the US...
X hit with 120 million euros EU fine for breaching content rules, TikTok settles
Europe’s Big Tech crackdown to boost competition and consumer choice has drawn criticism from Trump’s administration[BRUSSELS] Elon Musk’s social media company X was fined 120 million euros (S$181 million)...
A safety report card ranks AI company efforts to protect humanity
Are artificial intelligence companies keeping humanity safe from AI’s potential harms? Don’t bet on it, a new report card says.As AI plays an increasingly larger role in the way...
Singapore shares dip; STI down 0.1% on cautious sentiment
[SINGAPORE] Both Straits Times Index (STI) and the iEdge Singapore Next 50 Index finished lower on Friday (Dec 5), as concerns on the US economy continued to weigh on...
Nvidia partner Hon Hai’s sales soar in sign AI demand persists
[TAIPEI] Hon Hai Precision Industry’s revenue rose 26 per cent in November, suggesting demand for Nvidia servers remains strong during an AI development boom.The company known also as Foxconn...
Temasek-backed Fullerton pares China hedge fund operations, workforce: source
[SINGAPORE] Fullerton Fund Management, backed by Temasek Holdings, has sharply scaled back its China private fund operations after years of struggling to build scale, a person with direct knowledge...
German factory orders jump on 87% surge in big transport items
Demand increased 1.5% from the previous month, which was revised significantly higher to show a 2% gain[BERLIN] German factory orders surged in October, supporting the prospect that Europe’s biggest...
BOJ likely to hike rate this month
[TOKYO] Bank of Japan officials are ready to raise interest rates at a policy meeting later this month, provided there’s no major shock to the economy or financial markets...
India central bank cuts key rate, boosts liquidity to support ‘Goldilocks’ economy
[MUMBAI] The Reserve Bank of India (RBI) cut its key repo rate by 25 basis points (bps) on Friday (Dec 5) and left the door open for further easing,...
