Companies & Markets
US doubles Hormuz guarantees to US$40 billion with new partners
[NEW YORK] The US is doubling, to US$40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, i...
Nasa astronauts reach safe orbit in historic moon mission
[AUSTIN] Nasa’s crew of astronauts launched to space and reached a stable orbit, kicking off a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 yea...
US bonds fall as strong jobs data undermines Fed cut outlook
[NEW YORK] Bond traders ended the week betting that the Federal Reserve will keep interest rates steady this year, on signs of a stabilising US labour market and uncertainty about the economic impact ...
Musk asks SpaceX IPO banks to buy Grok AI subscriptions, NYT reports
[BENGALURU] Elon Musk is requiring banks and other advisers working on SpaceX’s planned initial public offering (IPO) to buy subscriptions to Grok, his artificial intelligence chatbot, The New York Ti...
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How discounts, deals are helping petrol players counter Cnergy’s low pump prices
Listed prices show gaps of more than S$1 a litre, but discount combinations can bring that down to cents
How the Iran war is fuelling wild swings in interest-rate bets
Middle East conflict has clouded the outlook for inflation and economic growth across the globe
Thai PM cracks down on ‘evil’ fuel smugglers to protect supply
The move follows reports of illicit fuel shipments from Thailand into Cambodia
Microsoft charts US$10 billion of outlays in AI-eager Japan
It will invest in cybersecurity partnerships and train a million AI engineers through 2029
BOJ keeps rate‑hike door open even as Iran war squeezes firms
The degree and timing of future increases will depend on economic, price and financial conditions
Hedge funds walloped by a month of turmoil sparked by war
[LONDON] Some of the world’s biggest hedge funds known for delivering steady returns lost money in March as the war in the Middle East roiled markets across energy, bonds and equities and forced trade...
