Business
Asia: Most markets rise as US data feeds rate-cut hopes
Asian shares mostly rose on Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and…
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Data
Business
Gold edges higher as soft US data lifts safe-haven demand
Gold prices nudged higher on Thursday (Jun 5), as weaker-than-expected US economic data spurred demand for safe-haven assets, while market…
Business
Oil settles 1% lower after US data shows large builds in fuel stocks
Oil prices settled down just over 1 per cent on Wednesday after US data showed surprisingly large build in petrol and diesel inventories,…
Business
US: Wall Street opens slightly higher after private payrolls data
stocks inched up in choppy trading on Wednesday (Jun 4) after weaker-than-expected private payrolls data deepened concerns about the Trump…
Business
Asia: Stocks track Wall Street up after jobs data, Seoul surges on Lee win
Asian shares extended a global rise on Wednesday following data indicating the US economy remained resilient, with South Korean equities…
Business
Europe: Shares flat amidst inflation data, trade jitters
EUROPE’S benchmark stock index ended little changed on Tuesday, as investors ceded ground under the dual pressure of softening economic…
Business
AI to send Asia’s data centre spending and power needs up; Morgan Stanley picks the winners
Data centre investments in Asia will likely double to US$200 billion by 2030, as the rising use of artificial intelligence (AI) will…
Business
CapitaLand Ascendas Reit to buy Tai Seng data centre, Science Park building for S$700.2 million
CapitaLand Ascendas Real Estate Investment Trust (Clar) has entered conditional agreements to acquire two prime properties to expand its…
Business
Australia: Shares at 3-month high ahead of inflation data; RBNZ decision in focus
AUSTRALIAN shares climbed on Wednesday, reaching their highest levels in more than three months, supported by strength in banking and…
Business
Salesforce to buy Informatica for US$8 billion to bolster AI data tools
Salesforce said on Tuesday (May 27) it would buy Informatica for about US$8 billion, betting on the data management platform to sharpen…
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Adidas Says Cyber Attack Targeted Customers’ Personal Information, Credit Card Data Marked ‘Safe’ From Breach
Adidas is the latest retailer to fall victim to a cyberattack. The German sportswear brand said on Friday that an unauthorized external…
Business
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)…
Business
Sea ice data does not disprove warming in Antarctica
Social media posts are claiming to disprove the effects of climate change in Antarctica by comparing the amount of sea ice extent observed…
Business
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
AI could account for nearly half of data centre power usage ‘by end of year’
Artificial intelligence systems could approach accounting for half of data centre power consumption by the end of this year, according to…
Business
OpenAI to help UAE develop one of world’s biggest data centres
OpenAI plans to help develop a massive new data centre in the United Arab Emirates that may eventually be one of the largest in the world,…
Business
Bain Capital to sell China data centre business likely valued at over US$4 billion: sources
US investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value…
Business
Gold Rebounds Following Two-Week Low as Investors Eye Payroll Data
Gold prices experienced a surge on Friday, bouncing back from a two-week low that was recorded in the previous session. This rise in gold…
Business
US: Wall Street stocks buoyed by strong economic data, possible US-China trade talks
Wall Street stocks advanced on Friday (May 2), notching the second straight week of gains, helped by strong economic data and potential…
Business
TikTok fined 530 million euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros (S$779 million) on Friday (May 2), accused of sending personal data of…
Business
Gold falls on easing trade war concerns; US data awaited
Gold prices fell on Tuesday (Apr 29) as easing trade tensions between the US and its trading partners dented the metal’s safe-haven…
Business
Congressmen sound alarm over data privacy following 23andMe bankruptcy
Three congressmen from the House Committee on Energy and Commerce are raising concerns over data privacy weeks after the genetic testing…
Business
Apple takes top spot for first-quarter smartphone sales, data shows
Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16’s launch and strong demand in…
Business
IBM launches new mainframe in bet that some data stays local
The intense computational requirements of generative AI have increased demand for many kinds of tech hardware International Business…