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TSMC says tariffs have some impact but AI demand robust
Published Tue, Jun 3, 2025 · 10:43 AM[HSINCHU, Taiwan] US tariffs are having some impact but demand for artificial intelligence (AI) remains strong and continues to outpace supply, the...
Gold hovers near four-week peak on weaker US dollar, trade concerns
Published Tue, Jun 3, 2025 · 09:36 AM[BENGALURU] Gold edged up to hit a near four-week high on Tuesday (Jun 3), as a weaker US dollar and rising uncertainty...
Toyota Industries board to discuss six trillion yen buyout on Tuesday
[TOKYO] Toyota Industries said its board will evaluate a buyout proposal on Tuesday (Jun 3) that will take the company private, a move that will strengthen the founding family’s...
Electric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy.Government incentives are boosting...
Merck held talks to buy biotech MoonLake for over US$3 billion: FT
Published Tue, Jun 3, 2025 · 07:45 AMMERCK has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday, citing...
Google Deepmind CEO says global AI cooperation ‘difficult’
[LOS ANGELES] Artificial intelligence pioneer and head of Google’s Deepmind, Demis Hassabis on Monday said that greater international cooperation around AI regulation was needed but “difficult” to achieve “in...
US: Wall Street opens lower after Trump’s steel tariff threat
Published Mon, Jun 2, 2025 · 09:42 PM[NEW YORK] Wall Street’s main indices opened lower on Monday (Jun 2) after US President Donald Trump revealed plans to double tariffs...
Sanofi to buy US biopharma group Blueprint for up to US$9.5 billion
[PARIS] France’s Sanofi has agreed to buy US-based Blueprint Medicines Corporation for up to US$9.5 billion to boost its position in rare immunology diseases, in the biggest deal struck...
Thailand’s virtual bank race heats up
[BANGKOK] Thailand’s finance ministry is set to issue three virtual banking licences by mid-June – a move that could jolt the country’s lucrative but tightly held financial sector, long...
DBS mobile app customers face intermittent access on Monday; bank says issue resolved
More than 1,000 reports have been made on outage tracking site Downdetector since around 2 pmDBS and POSB customers had difficulties accessing the bank’s mobile apps on Monday (Jun...
