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Asian shares near record high on AI optimism, dollar up on receding Fed cut bets
[SINGAPORE] Asian stocks advanced on Friday as the artificial intelligence boom regained momentum, while the dollar held near a six-week high after upbeat US economic data left traders trimming bets…
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Disturbing Telegram Groups Exposed: One Uses GrokAI to ‘Undress’ Women, Another Shares Rape ‘Tutorials’
A harrowing investigation has uncovered a network of Telegram communities dedicated to the exploitation and abuse of women. These groups leverage advanced technology like GrokAI to generate non-consensual explicit imagery,…
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Nikkei falls from record as tech shares retreat; Topix rises
[TOKYO] Japan’s Nikkei share average fell back from a record high on Thursday (Jan 15), as the yen’s rebound weighed on exporters and a red-hot rally in technology shares lost…
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Australian shares end at two-month high as miners ride metals rally
[SYDNEY] Australian shares closed at an over two-month high on Thursday (Jan 15), driven by broad-based gains, with miners at the helm as investors pivoted to the heavyweight sector to…
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Japan’s Nikkei falls back from record as yen rallies, tech shares retreat
[TOKYO] Japan’s Nikkei share average fell back from a record high on Thursday, as the yen’s rebound weighed on exporters and a red-hot rally in technology shares lost steam. The…
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Wells Fargo misses profit estimates on severance costs, shares fall
WELLS Fargo missed analysts’ profit estimates in the fourth quarter on Wednesday, after it booked US$612 million in severance expenses as part of CEO Charlie Scharf’s effort to streamline operations,…
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Singapore shares edge lower at Thursday’s open; STI dips 0.1%
Investors continue to wait in uncertainty after the US Supreme Court did not issue a ruling on the challenges to ‘Liberation Day’ tariffs [SINGAPORE] Singapore stocks edged lower at market…
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Advanced Systems Automation makes pre-conditional offer for Asti shares
If the deal materialises, the offeror intends to amalgamate the semiconductor businesses of both companies [SINGAPORE] Advanced Systems Automation intends to make a voluntary conditional offer for all the shares…
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Catalist-aspirant Toku to sell 65 million shares at S$0.25 apiece for its initial public offer
The company will raise net proceeds of S$13.7 million; post-listing, it will execute its expansion plans [SINGAPORE] A listing on the Catalist board of the Singapore Exchange (SGX) will raise…
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Japan finance minister says US Treasury’s Bessent shares concerns about weak yen
JAPAN’S Finance Minister Satsuki Katayama said she and US Treasury Secretary Scott Bessent shared concerns over what she called the yen’s recent “one-sided depreciation”, as Tokyo stepped up threats of…
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China battery shares drop on plan to cut export tax rebates
From April, discounts on 22 battery-related goods will be cut from 9% to 6%, with a complete removal planned from 2027 [HONG KONG/SINGAPORE] Chinese battery shares fell after Beijing unveiled…
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Apple shares on pace to match longest losing streak since 1991
The company and other computer and device makers have been under pressure from rising prices for components such as memory chips [SAN FRANCISCO] Apple shares are on pace to tie…
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JPMorgan replaces proxy advisers with AI for voting US shares
The internal AI platform, dubbed Proxy IQ, will now be used to manage votes and analyse data on more than 3,000 annual company meetings [NEW YORK] JPMorgan Chase’s asset-management unit…
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Samsung Electronics to buy 2.5 trillion won of its shares for employee compensation
[SEOUL] Samsung Electronics on Wednesday said it would acquire 2.5 trillion won (S$2.2 billion) worth of its own shares for employee and executive compensation. The shares will be acquired through…
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Concord New Energy shares open flat at S$0.056 in SGX secondary listing debut
[SINGAPORE] Hong Kong-listed Concord New Energy made its trading debut on the Singapore Exchange on Tuesday (Jan 6), becoming the first company to list in Singapore this year. Its shares…
