Business
Warburg Pincus invests in corporate services firm Acclime, valuing it at US$1 billion
The private equity firm beat rivals Carlyle Group, Blackstone, KKR and TPG in a bidding race American private equity firm Warburg Pincus…
Tag
Firm
Business
Roomba vacuum cleaner firm iRobot files for bankruptcy
The US firm behind the Roomba smart vacuum cleaner, iRobot, has filed for bankruptcy protection after facing competition from Chinese…
News
Intel has tested chipmaking tools from firm with sanctioned China unit: sources
Two of ACM’s units, based in Shanghai and South Korea, are barred last year from receiving US technology [WASHINGTON/SAN FRANCISCO]…
Business
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion Shares of e-commerce firm Meesho jumped…
News
Treasury fines N.Y. property management firm $7.1 million over ties to Putin’s ally
The U.S. Treasury Department imposed a $7.1 million fine on a New York-based property management firm Thursday, accusing it of violating…
Business
Temasek-backed autonomous driving firm Momenta files for Hong Kong IPO: sources
The firm is joining a growing list of Chinese companies aiming to debut in the Asian financial hub Chinese autonomous driving developer…
Business
Epic Games Vet Stacy Minero Named Marketing and Experiences Chief at IRL Marketing Firm Outfront Media (EXCLUSIVE)
Out-of-home media and IRL marketing company Outfront Media has tapped Epic Games marketing exec Stacy Minero as its new chief marketing…
Business
Warner Music Group settles lawsuit with AI music firm and launches joint venture
Warner Music Group (WMG) will begin an artificial intelligence (AI) music venture with technology start-up Suno - a year after it sued the…
Business
Surgical tech firm UltraGreen.ai files for US$377.1 million IPO on SGX mainboard
It is offering 112.1 million shares at US$1.45 or S$1.892 apiece; this includes 5.9 million shares for a retail tranche in Singapore…
Fashion
Warner Music Group settles lawsuit with AI firm Suno
Warner Music Group on Tuesday announced a partnership with AI business Suno that will compensate music artists and songwriters, ending a…
Culture
Couple caught in 99-1 property transaction sue salesperson, PropNex and law firm for S$586,172
This is the third reported lawsuit embroiling PropNex over the sale arrangement for buyers to avoid paying more in ABSD A PropNex…
Culture
China Box Office: Bi Gan’s Resurrection Debuts at No. 1 as ‘Demon Slayer’ Holds Firm
Huace Pictures’ “Resurrection,” directed by Bi Gan, opened on top of the China box office with RMB116.8 million ($16.5 million) over the…
Business
Macquarie Asset Management offers US$7.5 billion for logistics firm Qube
The Australian logistics and shipping-containers’ operations span container leasing, car and grain cargo terminals, and road and rail…
Business
Canva’s Obrecht says firm eyeing IPO in ‘next couple of years’
Canva, Australia’s most high profile startup, has had a surge in users of its new product suite as it builds toward listing as a public…
Business
Japanese logistics firm Nippon Express expands footprint in Singapore
Move enables it to meet increasing demand for logistics services amid development of the Johor-Singapore Special Economic Zone Logistics…
Business
Repairs left unfinished as firm behind huge schools PFI contract goes into liquidation
The company behind the largest schools Private Finance Initiative (PFI) contract in England is going into liquidation, heightening…
Business
No firm is immune if AI bubble bursts, Google CEO Pichai tells BBC
Pichai calls the AI boom an ‘extraordinary moment’ but warns of market irrationality Alphabet chief executive Sundar Pichai said no…
Lifestyle
As Baccarat Opens in Meatpacking, Firm Readies for New Hotels, Stores and More
MILAN — French design brand Baccarat, which turned 261 this year, will set the Meatpacking District aglow with a 15-foot installation of…
Business
Gold extends falls on firm US dollar, easing Fed rate-cut bets
Traders are currently pricing in a 43% probability of a quarter-point Fed rate cut next month, down from 50% in last week Gold fell for a…
Business
GlobalFoundries acquires Singapore semiconductor firm in push to expand AI portfolio
Advanced Micro Foundry specialises in silicon photonics, a technology that allows for faster and more efficient data transmission The New…
Business
Hong Kong’s investment firm reports HK$2 billion return in 2024
As at end-2024, the firm had used up under a fifth of its initial HK$62 billion kitty Hong Kong Investment Corporation (HKIC) generated…
Business
TV Veteran Kevin Reilly Joins AI Firm Kartel as CEO
Veteran programming executive Kevin Reilly, an alumnus of NBC, FX, Fox and Turner, has been named CEO of technology firm Kartel, which…
Business
Toyota's buyout of group firm faces new obstacle after Elliott takes stake
Elliott said the proposed deal undervalued the company, lacked transparency and fell short of proper governance practices Toyota Motor’s…
News
Firing Squad Shoots Dead More Than 300 Ostriches in Canadian Firm After Bird Flue Allegations
More than 300 ostriches were mercilessly killed by a firing squad in Canada late Thursday, bringing an end to a tense standoff that had…