News

Meta says US states are seeking US$1.4 trillion in penalties for violating child safety law
Published Tue, Jul 7, 2026 · 01:08 PMMETA Platforms said in a court filing on Monday (Jul 6) that four states were seeking US$1.4 trillion in penalties over accusations...
Singapore to speed up cross-listing of foreign ETFs with 3-month approval target
This will lead to a wider range of exchange-listed products available to investors here: SGX[SINGAPORE] Singapore is moving to significantly cut the time it takes for asset managers to...
Hong Kong begins trial operation of New gold clearing system
Published Tue, Jul 7, 2026 · 10:34 AMHONG Kong has launched a trial operation of a new gold clearing system, backed by several major banks, in a key step...
DBS shares rise 1.8% to hit all-time intraday high as sentiment improves
[SINGAPORE] Shares of DBS Bank hit an all-time high on Tuesday (Jul 7) as the stock rose as much as 1.8 per cent, with the two other banks also...
Gold slips for second day as Hormuz tensions fan inflation fears
Published Tue, Jul 7, 2026 · 09:04 AM — Updated Tue, Jul 7, 2026 · 12:11 PM[SINGAPORE] Gold fell for a second day after renewed attacks on shipping in...
Gold steadies as traders look to Fed for interest-rate outlook
Bullion is around a fifth lower than immediately prior to the war in the Middle EastPublished Tue, Jul 7, 2026 · 09:04 AM[SINGAPORE] Gold was little changed as traders...
Uber CEO Dara Khosrowshahi steps down from Grab’s board
[SINGAPORE] Nasdaq-listed technology company Grab on Monday (Jul 6) announced that Uber CEO Dara Khosrowshahi has stepped down from Grab’s board of directors, effective immediately.Khosrowshahi joined the board of...
Apple supplier Luxshare said to plan pricing Hong Kong listing at top, with Temasek and GIC as cornerstone investors
The components manufacturer has climbed more than 80% in Shenzhen over the past year, reaching a market value of US$71 billionPublished Tue, Jul 7, 2026 · 06:47 AM[HONG KONG]...
Apple supplier Luxshare sets Hong Kong listing at top of range, with Temasek and GIC as cornerstone investors
The company says the offer price is determined at HK$63.28 per H-share, and will sell 383.5 million sharesPublished Tue, Jul 7, 2026 · 06:47 AM — Updated Tue, Jul...
US stocks: S&P 500, Nasdaq close sharply higher as Broadcom rallies
Published Tue, Jul 7, 2026 · 05:52 AMTHE S&P 500 and Nasdaq ended sharply higher on Monday, with Broadcom and other chip stocks rallying as investors bought shares in companies related...
Xbox cuts 3,200 jobs as gaming business struggles
Xbox is hitting the reset button.Microsoft’s video game division plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a sweeping...
AI actor Tilly Norwood to star in first movie
Controversial AI actor Tilly Norwood will star in her first movie, a comedy drama called “Misaligned.” The film portrays Tilly as an AI being with “no real body” and...