Trump signs orders to revive US leadership in nuclear power
US President Donald Trump on Friday (May 23) signed orders meant to accelerate the construction of nuclear power plants, including small, untested designs that offer the promise of rapid…
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Fashion
Salesforce is back in talks to acquire Informatica
Salesforce is in talks to acquire software company Informatica, rebooting a pursuit that fell through last year, sources familiar with the matter said. If a deal is reached, it could be…
Oracle to buy US$40 billion of Nvidia chips for OpenAI’s US data centre: report
Oracle will spend around US$40 billion on Nvidia’s higher-performance chips to power OpenAI’s new US data centre, the Financial Times (FT) reported on Friday (May 23). The data centre,…
China’s GAC starts auto sales in Brazil, eyes local plant by late 2026
Chinese automaker GAC announced on Friday (May 23) its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to…
US Justice Department reaches deal with Boeing to allow planemaker to avoid prosecution
The US Justice Department said on Friday (May 23) it has struck a deal in principle with Boeing to allow it to avoid prosecution in a fraud case stemming from two fatal 737 MAX plane…
Trump threatens EU, smartphones as tariff rhetoric escalates
US President Donald Trump dug in on his threat to impose a 50 per cent tariff on the European Union and said a potential 25 per cent charge on smartphones would apply to all foreign-made…
Oil gains on short-covering, nuclear talks
Oil prices gained on Friday (May 23) as US buyers covered positions ahead of the three-day Memorial Day weekend amid worries over the latest round of nuclear talks between…
Apple is back in Trump's crosshairs over where iPhones are made
Apple Chief Executive Tim Cook can’t seem to catch a break. Last month, Apple appeared to secure a major win when the Trump administration agreed to remove tariffs on certain electronics…
US: Wall St falls at open after Trump threatens EU, Apple with fresh tariffs
Wall Street dropped at the open on Friday (May 23) after US President Donald Trump recommended 50 per cent tariffs on the European Union, while Apple slid after he warned the…
Trump threatens 25% tariffs on Apple if iPhones not US made
Apple faces escalating pressure from President Donald Trump to do what many analysts insist would be nearly impossible: move production of its iconic iPhone to the US from overseas. Trump…
Trust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+ Trust Bank on Friday (May 23) reported a loss of S$93.4 million for the…
Great Eastern gets another extension to Jun 8 to announce plan to restore free float
It will update shareholders on the finalised proposal shortly, no later than Jun 8 Great Eastern Holdings has been granted yet another extension of time to comply with free float…
Grab launches its first Centre of Excellence to support AI solutions
Grab launched its first Artificial Intelligence (AI) Centre of Excellence on Friday (May 23). Supported by Digital Industry Singapore, the centre will work on projects to utilise AI…
Deutsche Bank plans SRT deal tied to US$3 billion corporate loans
Deutsche Bank is selling a significant risk transfer (SRT) linked to a portfolio of US$3 billion in corporate loans, according to people with knowledge of the matter, the latest deal to…
OnlyFans owner in talks to sell to investor group at about US$8 billion value: sources
OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion, three sources familiar with the matter told…
China EV maker XPeng set to turn profitable, says CGSI, lifting target price for the stock
Chinese EV maker XPeng could soon turn profitable, as strong vehicle sales and consensus-beating financials paint a bullish outlook, securities firm CGSI has said. CGSI analysts on…
Asia: Stocks bounce back after Treasury-led sell-off
Asian equities stabilised on Friday following the previous day’s US bond-fuelled sell-off with traders tracking a slight pullback in Treasury yields as Donald Trump’s signature tax-cutting…
Gold heads for best week in more than a month on US fiscal worries
GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating fiscal outlook for the world’s biggest economy…
Nomura raises top executives’ pay to highest in over a decade
RA Holdings increased pay for its top executives to the highest in more than a decade, as Japan’s biggest brokerage posted a record annual profit on the back of the nation’s…
US Supreme Court says Federal Reserve is unique, easing worries over Trump’s ability to fire Powell
A US Supreme Court ruling on Thursday in a legal battle over President Donald Trump’s firing of two federal labour board members contained a line that eased, for now, worries that the…
Bank of Japan to closely watch bond market situation: governor
[BANFF, Canada] Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will closely monitor the bond market amid surging yields on super-long Japanese government…
US panel divided over Nippon Steel bid for US Steel but path forward seen, says official
A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel’s bid for US Steel but most panel members believe any security risks posed by the deal…
Europe: Stocks pressured by rising bond yields, weak economic data
EUROPEAN stocks fell on Thursday as concerns over US fiscal health kept Treasury yields elevated, while data showing weak euro zone business activity added to the gloom. The pan-European…
US: Wall St opens mixed after Trump's tax Bill narrowly clears House test
Wall Street’s main indexes opened mixed on Thursday (May 22) after the US House of Representatives passed President Donald Trump’s tax Bill, which is expected to burden the…