News

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites
A US attack on Iranian nuclear sites could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety,...
Meta launches US$399 Oakley AI glasses with 3k video recording
The company is planning to introduce higher-end glasses with a display to view notifications and the camera view finder later this year, Bloomberg News has reported. In 2027, it...
Former EMA board director now leads energy firm H2G; predecessor stays on amid court case
[SINGAPORE] Former Energy Market Authority (EMA) board director Pek Hak Bin has been appointed chief executive of energy transition firm H2G Green, as the home-grown company sharpens its focus...
LME imposes new restrictions on holders of large positions
Published Sat, Jun 21, 2025 · 10:46 AM[LONDON] The London Metal Exchange (LME) has imposed new restrictions on holders of large positions in nearby contracts amid low inventory levels,...
Apple executives have held internal talks about buying AI startup Perplexity
[SAN FRANCISCO] Apple executives have held internal discussions about potentially bidding for artificial intelligence (AI) startup Perplexity AI, seeking to address the need for more AI talent and technology.Adrian...
Tesla invites select few to Texas robotaxi trial with front seat safety monitors
[SAN FRANCISCO] Tesla has sent out invitations to a small group of people to join the limited test of its robotaxi service in Austin, Texas, which is tentatively set...
US Federal Reserve split on whether to hedge on inflation, or proceed with cuts
[WASHINGTON] The close split at the US Federal Reserve over whether to keep hedging against inflation risks or move forward faster with rate cuts came through on Friday (Jun...
Oil prices settle lower as US sanctions ease fears of escalation in Iran
[HOUSTON] Oil prices settled down on Friday (Jun 20) as the US imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a negotiated agreement, a day...
Four candidates assessed for Fu Yu’s board, with no findings against suitability
[SINGAPORE] Four proposed directors for Fu Yu Corporation have been assessed by an independent party, with no findings made against their suitability for the role, said the company on...
US: Wall St indexes open higher with Trump’s Middle East decision in focus
Published Fri, Jun 20, 2025 · 09:49 PM[NEW YORK] Wall Street’s main indexes opened higher on Friday (Jun 20), tracking strength in global stocks after President Donald Trump held...
China’s Baidu eyes robotaxi expansion to Singapore and Malaysia
The development comes as Tesla prepares to launch its Cybercab robotaxi network within daysPublished Fri, Jun 20, 2025 · 08:45 PM[BEIJING] Baidu is planning to launch its Apollo Go...
Singapore shares end Friday in the red amid mixed regional showing; STI down 0.3%
[SINGAPORE] Local stocks ended lower on Friday (Jun 20), amid a mixed regional performance and growing concerns over a possible US military strike on Iran. The benchmark Straits Times...