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Musk’s xAI in talks to raise US$4.3 billion in equity funding
[WASHINGTON] Elon Musk’s artificial intelligence startup xAI is in talks to raise US$4.3 billion through an equity investment on top of the US$5 billion it has recently been trying...
US: Wall Street indexes open lower as Middle East conflict continues
Published Tue, Jun 17, 2025 · 09:42 PM[NEW YORK] Wall Street’s main indexes opened lower on Tuesday (Jun 17) as the Israel-Iran conflict entered its fifth day, denting global...
Global shipping not disrupted by Israel-Iran conflict for now, but impact likely nuanced
[SINGAPORE] The Israel-Iran conflict has not disrupted global shipping – for now – but the likely impact on the industry might be more nuanced.Pacific International Lines (PIL), which focuses...
Malaysia’s Anwar says Shell to boost its investments in country by RM9 billion
Published Tue, Jun 17, 2025 · 06:53 PM[KUALA LUMPUR] Malaysian Prime Minister Anwar Ibrahim said on Tuesday (Jun 17) that Shell has committed to increasing its investments in Malaysia...
Thai baht, Taiwan dollar, and Korea won most at risk from oil price, Barclays says
Sovereign bonds from Singapore and South Korea would be among the most affected in the event of another 20% spike in oil pricesPublished Tue, Jun 17, 2025 · 05:36...
Japan’s Nikkei hits 4-month high on Wall Street’s lead
Published Tue, Jun 17, 2025 · 03:25 PM[TOKYO] Japan’s Nikkei share average advanced to a four-month high on Tuesday (Jun 17), tracking overnight Wall Street gains following signs of...
Central banks favour gold over US dollar for reserves: survey
[LONDON] Central banks around the world expect their gold holdings as a proportion of their reserves to increase over the next five years while expecting their US dollar reserves...
BlackRock says super-rich want private credit as PE returns lag
[NEW YORK] Family offices want more of the private credit boom.More than half of 175 family offices around the world are optimistic about private credit and almost one-third said...
Oil prices jump after Trump’s warning, stocks extend gains
[HONG KONG] Oil prices rallied on Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each...
Tourism dip fuels worst stock drop in Asia at Thai airport firm
[BANGKOK] Thailand’s post-Covid flood of tourists has turned into more of a trickle, adding to concerns for Airports of Thailand (AOT) as it grapples with shrinking duty-free sales without...
