Business
Temasek-backed 65 Equity Partners, Inflexion to make minority investment in Kee Safety
Global investment firm 65 Equity Partners and Inflexion, a London-based private equity firm, announced on Tuesday (Apr 1) their plans to…
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Business
Business
Singapore's GLP closes first digital infrastructure fund at US$358 million in AUM
Singapore-based GLP has successfully wrapped up its inaugural digital infrastructure-based fund, the GLP China IDC Income Fund I, with…
Business
Unilever Snaps Up British Sustainable Deodorant Brand Wild
Unilever has acquired British sustainable deodorant brand Wild for an undisclosed sum. Other terms of the deal also were not disclosed,…
Business
UOB cuts interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
UOB trims interest rate on flagship One Account, joins OCBC in 360 Account cut
UOB will cut interest rates on its flagship savings account, the One Account, in line with interest rate expectations. With effect from…
Business
Australia’s central bank holds rates steady, warning of ‘pronounced’ global risks
Australia’s central bank on Tuesday left its cash rate steady as widely expected, saying it was still cautious about the outlook, although…
Business
Australia’s central bank holds rates as it frets over trade war risk
Australia’s central bank on Tuesday (Apr 1) left its cash rate steady as widely expected but took a small step towards further easing in a…
Business
Shell completes Singapore refinery sale to Chandra Asri-Glencore joint venture
Shell has completed the sale of its Singapore refinery and refining assets to a Chandra Asri-Glencore joint venture, the company said on…
Business
Ho Bee Land drops AVJennings bid; Australian property developer to be acquired by US fund
Real estate group Ho Bee Land on Tuesday (Apr 1) said it has decided not to proceed with its offer for Australian property developer…
Business
Several key executives exit SingPost
The company is left with group chief operating officer Neo Su Yin, group CFO Isaac Mah, acting CEO for the international business unit Gan…
Business
Several key executives exit SingPost amid restructuring retrenchment
The company is left with group chief operating officer Neo Su Yin, group CFO Isaac Mah, acting CEO for the international business unit Gan…
Business
YZJ Financial falls 10% after announcement of divestment of entire treasury shareholding
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
YZJ Financial falls 10% on placement of treasury shares at S$0.72 each
Shares of Yangzijiang Financial, the financial arm of Yangzijiang shipbuilding, fell 10 per cent after the company on Sunday (Mar 30) said…
Business
Buffett’s Berkshire Hathaway mandates banks for yen bond deal
WARREN Buffett’s Berkshire Hathaway is planning to sell yen bonds in the global markets, after the billionaire revealed that the firm is…
Business
Keppel divests entire stake in Vietnam’s Palm City for 2.6 trillion dong
Global asset manager Keppel, through its real estate division, has divested its entire 42 per cent stake in South Rach Chiec City – the…
Business
Keppel Infrastructure Trust to buy 46.7% stake in subsea cable firm Global Marine for US$90.6 million
Keppel Infrastructure Trust (KIT) will be acquiring about 46.7 per cent stake in Global Marine Group (GMG), a leading subsea cable…
Business
Cordlife served two letters of demand from customers; any settlement likely to hit group’s finances
One group of clients seeking damages under contract breach, negligence; the other wants warranties and cost compensation Cordlife received…
Business
CapitaLand Ascendas Reit's S$883 million Science Park upgrade complete
CapitaLand Group has completed its S$883 million redevelopment of 1 Science Park Drive, a property situated in Geneo, the life sciences…
Business
OpenAI finalizes a record $40-billion funding round
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalized a funding round that will bring in $40 billion from…
Business
Stocks to watch: Keppel, CapitaLand Ascendas Reit, YZJ Financial, KIT, Boustead, Cordlife
The following companies saw new developments that may affect trading of its securities on Tuesday (Apr 1). Keppel: The global asset…
Business
US judge rejects J&J’s US$10 billion baby powder settlement
A US bankruptcy judge on Monday rejected Johnson & Johnson’s US$10 billion proposal to end lawsuits alleging that its baby powder and…
Business
GlobalFoundries, Taiwanese chipmaker UMC consider merger: sources
TAIWAN’S major chipmaker United Microelectronics and US-based GlobalFoundries are looking into the possibility of a merger, two sources…
Business
Musk’s XAI deal offers unexpected win for X investors
Elon Musk just acquired the social network formerly known as Twitter for the second time in three years. Musk, the world’s richest person,…
Business
OpenAI to raise US$40 billion in SoftBank-led new funding
OPENAI said on Monday it would raise US$40 billion in a new funding round led by SoftBank Group at a US$300 billion valuation to advance…