Business
Circle applies for US trust bank license after bumper IPO
Stablecoin firm Circle is applying to create a national trust bank in the US, a major move after its blockbuster initial public offering…
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Business
Business
Stocks to watch: CDL, UMS Integration, Capital World
The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 1): City Developments Ltd (CDL):…
Business
Nissan seeks to delay supplier payments to free up cash, company emails show
Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company…
Business
Struggling semiconductor firm Wolfspeed files for bankruptcy
Wolfspeed, a chipmaker caught in US President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a…
Business
Zuckerberg debuts Meta ‘superintelligence’ group, more hires
Meta Platforms chief executive officer Mark Zuckerberg announced a major restructuring of the company’s artificial intelligence (AI)…
Business
Apple weighs using Anthropic or OpenAI to power Siri in major reversal
Apple is considering using artificial intelligence (AI) technology from Anthropic PBC or OpenAI to power a new version of Siri, sidelining…
Business
Robinhood launches tokens allowing EU users to trade in US stocks
Robinhood said on Monday (Jun 30) it has launched tokens that will allow its customers in the European Union to trade more than 200 US…
Business
Oil edges down on easing Middle East risks but gains for a second month
Oil prices edged down on Monday as investors weighed easing Middle East risks and a possible Opec+ output increase in August. Both Brent…
Business
Europe: Shares see monthly declines as markets eye trade developments
EUROPEAN stocks ended lower in broad-based declines on Monday, closing out June with monthly losses as investors monitored for signs of…
Business
US: S&P 500, Nasdaq end at records, adding to big quarterly gains
Wall Street stocks rose again on Monday amid optimism over trade negotiations and US tax cut legislation to conclude the final session of…
Business
Oracle inks cloud deal worth US$30 billion a year
That revenue alone would represent nearly three times the size of Oracle’s current infrastructure business Oracle said it has signed a…
Business
What Is Qwen VLo? Alibaba's Launches Image Generation Model, to Compete with OpenAI and Google
Chinese technology companies have now openly entered in global AI competition and are launching robust and efficient AI models frequently…
Business
Baidu Open-Sources AI Model 'Ernie' to Developers, Sends Jitters Across Global Tech Market
Chinese technology firm Baidu is offering access to its AI powerhouse Ernie, in a move that could lead to a new age in the development of…
Business
Caleres Secures Expanded Credit Facility in Time for Stuart Weitzman Purchase
Caleres Inc. has its financial ducks in a row as it prepares to close on its purchase of the Stuart Weitzman brand. The global footwear…
Business
Boeing’s US$4.7 billion Spirit deal faces UK antitrust probe
The probe will determine if the deal raises the risk of substantial lessening of competition in the UK Boeing’s US$4.7 billion deal to buy…
Business
Millennium Hotels and Resorts ties up with German hotelier Maritim in cross-brand loyalty deal
As part of the tie-up, both companies will jointly participate in major trade shows and roadshows Millennium Hotels and Resorts has…
Business
US: S&P 500, Nasdaq open at record levels on trade talk hopes; set for strong quarter
The S&P 500 and Nasdaq opened at fresh record highs on Monday (Jun 30), as optimism over the United States striking trade deals with its…
Business
Freddy Sim to step down as Creative CEO for health reasons; Tan Jok Tin to serve as interim CEO
The chief executive officer of , Freddy Sim, 67, will step down from his role on Jul 11 for health reasons, shortly after taking on the…
Business
Creative Technology CEO Freddy Sim to step down for health reasons; Tan Jok Tin will serve as interim CEO
The chief executive officer of Creative Technology, Freddy Sim, will step down from his role on Jul 11 for health reasons, shortly after…
Business
NTT seeks up to US$864 million in data centre Reit's Singapore IPO
[SYDNEY/SINGAPORE] Japanese telecom giant NTT is seeking to raise roughly US$864 million in a Singapore IPO for a data centre Reit if an…
Business
US-based I Squared Capital dumps plans to make separate offer for Hong Kong’s HKBN
based infrastructure investment firm I Squared Capital has withdrawn plans to make a takeover offer for Hong Kong’s HKBN, the broadband…
Business
Mississippi Woman Dies After Jumping Out of Vehicle Following Argument with Boyfriend
A Mississippi woman died after she reportedly jumped from a moving vehicle driven by her boyfriend following an argument. The incident…
Business
ECB tweaks strategy to counter sustained inflation swings, either up or down
[SINTRA, Portugal] The European Central Bank pledged on Monday (Jun 30) to react with equal vigour when inflation was too high as when it…
Business
Another interior fit-out firm eyes Catalist IPO as Dezign Format lodges preliminary prospectus
A second interior fit-out company is preparing to list on the Singapore Exchange’s Catalist board in as many weeks, as Dezign Format Group…