News
Elliott woos other Toyota Industries investors in buyout fight
[TOKYO] Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to build support for its campaign and push Toyota group to sweeten its 4.7...
Hollywood stars launch Creators Coalition on AI
A group of entertainment industry workers launched a new coalition that aims to advocate for the rights of creators amid the growing AI industry.The group, called Creators Coalition on...
Wall Street subdued at open as investors eye policy outlook; Oracle slides
[NEW YORK] Wall Street’s main indexes were subdued at the open on Wednesday (Dec 17) as investors searched for fresh clues to gauge the outlook for monetary policy, while...
At a Silicon Valley summit, robots fold laundry—and investors open their wallets
Robots from around the world converged on Silicon Valley to provide a glimpse of a potential future.Two robots picked up T-shirts with orange-tipped claws, then neatly folded and piled...
Bank Indonesia keeps rates steady, focuses on rupiah stability
The bank also leaves its deposit and lending rates unchanged at 3.75% and 5.50%, respectively[JAKARTA] Indonesia’s central bank held its policy rates unchanged for a third straight meeting on...
Gold ticks higher as US unemployment climbs in November
The US dollar fell to a more than two-month low on Tuesday, making greenback-priced bullion more affordable for overseas buyers[BENGALURU] Gold climbed on Wednesday (Dec 17) after a US...
Wall Street slips at open as investors assess key jobs data
[NEW YORK] Wall Street’s main indexes slipped at the open on Tuesday (Dec 16) after data broadly signalled a cooling US economy, paving the way for more monetary policy...
Pfizer forecasts 2026 profit below expectations on lower Covid product sales
Pfizer has rolled out a sweeping cost reduction programme in response to the drop in Covid-19 sales[WASHINGTON] Pfizer on Tuesday (Dec 16) forecast 2026 profit below Wall Street estimates...
Thai central bank is ‘taking action’ on baht, worried by rapid rise
[BANGKOK] Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16).It is worried about the currency’s rapid rise...
What happens to Roombas now that the company has declared bankruptcy?
Roomba maker IRobot filed for bankruptcy and will go private after being acquired by its Chinese supplier Picea Robotics.Founded 35 years ago, the Massachusetts company pioneered the development of...
