Leadership
Italy plans US$1.6 billion SpaceX telecom security services deal
ITALY is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government – the largest such project in Europe, sources with...
Trump’s presidency expected to boost S&P 500
The E-mini S&P 500 Index Futures, based on the benchmark S&P 500 Index comprising the 500 largest US companies, experienced its longest daily losing streak since 1966 to end...
iPhone maker Hon Hai Q4 sales beat expectations on strong AI demand
Nvidia and Apple assembly partner Hon Hai Precision Industry reported better-than-expected sales growth last quarter as the artificial intelligence (AI) infrastructure buildout continued apace.Hon Hai, also known as Foxconn,...
S-Reits navigate a challenging 2024 with mixed returns
AFTER a challenging year for Singapore-listed real estate investment trusts (S-Reits), they ended 2024 in the red, with the iEdge S-Reit Index generating a total return of minus 6.1...
BlackRock’s Bitcoin ETF posts record outflow after banner year
INVESTORS yanked a net US$333 million from BlackRock’s iShares Bitcoin Trust ETF (IBIT) on Thursday (Jan 2), the most withdrawn from the record-breaking fund since its launch.The fund also...
Seven billionaire founders rode India’s IPO boom in 2024
A BLOCKBUSTER year for initial public offerings in India catapulted seven entrepreneurs into the US dollar billionaires league, many of them early movers in the country’s booming renewable energy...
Oil prices settle up on China optimism as investors return from holiday
OIL prices settled up by more than US$1 a barrel on Thursday as investors returned for the first trading day of 2025 with an optimistic eye on China’s economy...
Apple to pay US$95 million to settle Siri privacy lawsuit
APPLE agreed to pay US$95 million in cash to settle a proposed class action lawsuit claiming that its voice-activated Siri assistant violated users’ privacy.
A preliminary settlement was filed on...
