Posts by Kim Browne
UBS’s Iqbal Khan sees rich customer demand for alternative assets
[HONG KONG] Wealthy customers of UBS Group are looking to buy more alternative assets as they seek to diversify investments during a volatile period for markets and global trade, according to the firm’s Asia-Pacific chief. “We see continued demand” for alternatives, Iqbal Khan, the bank’s regional president, said in an interview with Bloomberg TV in…
Read MoreGold stages rebound as US dollar, Treasury yields slip
Published Wed, May 28, 2025 · 09:38 AM [BENGALURU] Gold prices gained on Wednesday (May 28), helped by a slight retreat in the US dollar and lower US bond yields as investors await a US core Personal Consumption Expenditures (PCE) price index report due later this week for interest rate clues. Spot gold was up…
Read MoreSingHealth Duke-NUS’ AI spinoff inks MOUs with Roche, ST Engineering to improve healthcare operations
[SINGAPORE] Enigma Health, a healthcare artificial intelligence (AI) spinoff from SingHealth Duke-NUS Academic Medical Centre, has inked separate memorandums of understanding (MOUs) with Swiss pharmaceutical giant Roche and Singapore technology player ST Engineering to expand the reach of its agentic AI platform. Agentic AI is a class of artificial intelligence that can reason and act…
Read MoreStocks to watch: OCBC, Amara, Valuetronics
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 28). OCBC: The bank announced on May 27 key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Among the changes, Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed…
Read MoreSalesforce to buy Informatica for US$8 billion to bolster AI data tools
[NEW YORK] Salesforce said on Tuesday (May 27) it would buy Informatica for about US$8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence (AI) market. The cloud software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing…
Read MoreGM to invest US$888 million for engine production at New York facility
Published Wed, May 28, 2025 · 07:39 AM [DETROIT] General Motors is investing US$888 million at a New York propulsion plant to increase engine production and build a next-generation V8, the company said on Tuesday. The investment at the Tonawanda propulsion plant in Buffalo, New York, first reported by Reuters, is a shift from a…
Read MoreTSMC to open chip design centre in Munich, could later support AI development
[AMSTERDAM] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, said on Tuesday (May 27) it will open a design centre in Munich, Germany, which could at a later date help develop chips via leading manufacturing processes for applications such as artificial intelligence (AI). President of TSMC Europe, Paul de Bot, said at the…
Read MoreApple to debut dedicated gaming app within days of Switch 2’s arrival
[LOS ANGELES] Apple is planning a dedicated app for video games on its devices, seeking to sell gamers and developers on the idea that it’s a leader in the market. The company will pre-install the app on the iPhone, iPad, Mac and Apple TV set-top box later this year, according to sources with knowledge of…
Read MoreEurope: Shares gain on defence boost, tariff delay aids sentiment
EUROPEAN shares closed higher on Tuesday with defence stocks boosting the market after US President Donald Trump threatened additional sanctions on Russia, while optimism lingered from the delay of US tariffs on the European Union. The Stoxx 600 index closed 0.33 per cent higher at 552.32, building on Monday’s 1 per cent rise after Trump gave the EU…
Read MoreTrump Asks Supreme Court to Help Him Deport People Wherever He Wants
Earlier this month, Trump endorsed New York Representative Mike Lawler to keep his seat, despite the congressman’s ambitions to run for governor. Last week, during a contentious meeting with Republicans to secure the passage of the president’s “big beautiful bill,” Lawler had fought to restore state and local tax, or SALT, deductions—in part, to boost…
Read MorePete Hegseth’s Pentagon Is Locked in a “Cold War”
Tension is bubbling in Pete Hegseth’s Pentagon. The defense secretary’s senior advisers are falling further apart, causing rifts and scandals that are attracting the ire of the White House despite attempts to reset Hegseth’s team, The Washington Post reported Tuesday. “There’s a cold war that exists in between flash points,” one anonymous source told the…
Read MoreGOP’s Dumbest Senator Tommy Tuberville Launches Run for Governor
Earlier this month, Trump endorsed New York Representative Mike Lawler to keep his seat, despite the congressman’s ambitions to run for governor. Last week, during a contentious meeting with Republicans to secure the passage of the president’s “big beautiful bill,” Lawler had fought to restore state and local tax, or SALT, deductions—in part, to boost…
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