Companies & Markets
Meta to launch ‘Incognito Chat’ for private AI conversations on WhatsApp
META Platforms is rolling out a new “Incognito Chat” feature for its artificial intelligence assistant on WhatsApp messaging service, the company said on Wednesday, as it looks to address data privacy...
S&P 500 opens muted as hot inflation data signals rates to stay on hold
[NEW YORK] The S&P 500 was subdued at the open on Wednesday (May 13) as hotter-than-anticipated producer prices reinforced bets that the Federal Reserve would keep monetary policy restrictive all thro...
Opec cuts 2026 global oil demand growth forecast
The war has effectively closed the Strait of Hormuz, a key global oil route
Stronger Russian rouble drives Food Empire’s Q1 revenue up 16.9% at US$159.7 million
The company’s board also approves a one-for-five bonus share issue to improve liquidity
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Oil little changed as Trump visits China
The International Energy Agency said global oil supply would not meet total demand this year
Valuetronics shares close 13.6% lower after warning of ‘significant’ earnings slide linked to its AI venture
The dip stems primarily from issues with Hong Kong-based Trio AI, in which the company holds a 26.6% stake
Genting Singapore shares end 10.1% down on Q1 earnings fall
DBS Group Research downgrades stock to ‘hold’ with a S$0.67 target price
Shedding the iconic ‘Cycle & Carriage’ will be a loss – but perhaps a necessary one for Jardine
Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings
Jack Ma-backed Ant’s profit fell 79% on AI, health care costs
Ant has been investing in AI to find new revenue streams
Tencent Q1 revenue miss heightens pressure for AI payoff
The figure is up 9% at 196.5 billion yuan, less than the average analyst forecast of 199.4 billion yuan
