Walmart shareholders voted on an AI-related workforce disclosure proposal. Separately, the company added 30-minute express delivery from in-store Subway locations.
Walmart shareholders voted on an AI-related workforce disclosure proposal. Separately, the company added 30-minute express delivery from in-store Subway locations.
(RTTNews) - The Singapore stock market on Thursday snapped the three-day winning streak in which it had jumped almost 150 points or 2.9 percent. The Straits Times Index now sits just beneath the 5,070-point plateau although it's likely to move back to the upside again on Friday.
(RTTNews) - The Singapore stock market on Thursday snapped the three-day winning streak in which it had jumped almost 150 points or 2.9 percent. The Straits Times Index now sits just beneath the 5,070-point plateau although it's likely to move back to the upside again on Friday.
The 2026 Houses awards shortlist celebrates the country’s most ‘intelligent, dynamic and visually compelling homes’. For the apartment category, jury chair Alexa Kempton says judges looked for ‘density done well’. ‘Building is high-cost and comes with environmental consequences, and the jury observed architects rising to the challenge,’ she says, adding that designing something that will ‘last wel...
The 2026 Houses awards shortlist celebrates the country’s most ‘intelligent, dynamic and visually compelling homes’. For the apartment category, jury chair Alexa Kempton says judges looked for ‘density done well’. ‘Building is high-cost and comes with environmental consequences, and the jury observed architects rising to the challenge,’ she says, adding that designing something that will ‘last well into the future and adapt to the changing needs of the occupants is essential’ Inside the homes of six prominent Australian architects – in pictures Continue reading...
The recent deaths of two men from crocodile attacks in North Sumatra have put a spotlight on Indonesia’s record as the country with the world’s highest number of such killings annually, raising questions over whether habitat destruction is pushing people and wildlife into increasingly dangerous contact. Environmental groups said the deaths reflected a wider pattern across the archipelago, where lo...
The recent deaths of two men from crocodile attacks in North Sumatra have put a spotlight on Indonesia’s record as the country with the world’s highest number of such killings annually, raising questions over whether habitat destruction is pushing people and wildlife into increasingly dangerous contact. Environmental groups said the deaths reflected a wider pattern across the archipelago, where logging, plantations and other land-use changes had destabilised ecosystems. The first incident was on...
Global investors are rapidly losing confidence in Indonesia as the nation’s stocks tumble at the fastest pace worldwide and its currency sinks to all-time lows. Just five months after hitting a record high, the benchmark stock index has tumbled 36% to become the worst performer this year among more than 90 global gauges tracked by Bloomberg. The rupiah has weakened more than 7%, while foreign inve...
Global investors are rapidly losing confidence in Indonesia as the nation’s stocks tumble at the fastest pace worldwide and its currency sinks to all-time lows. Just five months after hitting a record high, the benchmark stock index has tumbled 36% to become the worst performer this year among more than 90 global gauges tracked by Bloomberg. The rupiah has weakened more than 7%, while foreign investors have pulled billions of dollars from Indonesian bonds. It marks a dramatic turn for a commodities-rich country that had been a staple allocation in many emerging-market portfolios. What’s unnerved investors is the more populist and interventionist agenda that President Prabowo Subianto has been pursuing — and steadily ratcheting up — in a nation long seen as friendly to foreign investors. The big trade in Asia “is sell Indonesia,” said George Boubouras , head of research at hedge fund K2 Asset Management, which oversees about $4.3 billion. After decades of investing there, he exited all positions in 2024. “I have zero exposure to Indonesia,” he said. “I won’t give them an opportunity.” Since taking office in October 2024, Prabowo has pledged to boost annual growth to 8%, rolled out a nationwide free school meals program, expanded the state’s role in the economy and channeled billions of dollars into sovereign wealth fund Danantara. More recently, his move to take direct control of key commodity exports to curb tax evasion triggered a selloff in exporter stocks. For many investors, the departure last year of former Finance Minister Sri Mulyani Indrawati marked a turning point . Widely seen as a guarantor of fiscal discipline, she had reassured markets that Indonesia would maintain the conservative budget management that helped it earn investment-grade credit ratings and attract long-term foreign capital. Now, investors are starting to question if those commitments still hold. “Domestic political uncertainty is a typical EM risk that global investors tend to react to by...
The overarching narrative is that Indian equity markets missed out on the global artificial intelligence boom. But a look under the hood reveals a slew of smaller firms winning from trillions of dollars being spent on AI capacity. The poster child for this rally is Sterlite Technologies Ltd. , the optical-fiber maker owned by the Vedanta Group which has surged more than 530% this year. It got a $1...
The overarching narrative is that Indian equity markets missed out on the global artificial intelligence boom. But a look under the hood reveals a slew of smaller firms winning from trillions of dollars being spent on AI capacity. The poster child for this rally is Sterlite Technologies Ltd. , the optical-fiber maker owned by the Vedanta Group which has surged more than 530% this year. It got a $1.1 billion multi-year contract from a US-based hyperscaler last month. Its competitor, HFCL Ltd. , has jumped 191% while MTAR Technologies Ltd. , which makes precision cooling and power components, has more than trebled. An equal-weighted Bloomberg index of 28 Indian companies that feed the data-center ecosystem — from makers of transformers, switchgear, wires to cables and cooling systems — has added about $47 billion in combined market value this year, a rise of nearly 50%. The benchmark NSE Nifty 500 , meanwhile, has lost over $300 billion in 2026. Since every AI query runs through power-hungry data centers which require immense electricity and cooling, old-economy industrial firms have transformed into India’s hottest market play. In Mumbai dealing rooms, it’s called the ‘AI capex trade.’ “We may be on the wrong end of the AI trade, but we could be on the right side of the AI capex trade,” said R. Sivakumar , chief investment officer at Axis Mutual Fund. “One could consider companies benefiting from data centers and the entire value chain associated with this capex.” Amazon.com Inc. plans to invest $12.7 billion in cloud infrastructure in India through 2030, while Alphabet Inc. is spending about $15 billion on an AI infrastructure hub in Visakhapatnam. A Reliance Industries Ltd. joint venture signed an $11 billion pact to build local data centers last year, while AdaniConnex Pvt. has partnerships with Google as well as Uber Technologies Inc. to help build their data centers. ‘Picks and Shovels’ “The most attractive exposure is in the industrial supply chain — the ‘picks...
Cotton futures closed the Thursday session with most contracts 136 to 216 points lower on the day. The US dollar index was down $0.080 at $99.425. Crude Oil Crude oil losses of $3.11 added some pressure. USDA’s Export Sales report from Thursday morning showed 185,268 RB of cotton sold for...
Cotton futures closed the Thursday session with most contracts 136 to 216 points lower on the day. The US dollar index was down $0.080 at $99.425. Crude Oil Crude oil losses of $3.11 added some pressure. USDA’s Export Sales report from Thursday morning showed 185,268 RB of cotton sold for...