OCBC trims First REIT’s fair value estimate on FX impact, a ‘recurring detractor’
Jovi Ho - First REIT’s interest cost savings are outpaced by the appreciation of the Singapore dollar, says OCBC Investment Research analyst Ada Lim, who is staying “hold” on the REIT. With a portfolio of 32 nursing homes and hospitals located in Singapore, Japan and Indonesia, the healthcare-focused RE ...
Deutsche Telekom partners with NVIDIA for AI cloud for Q1 2026
Germany's Deutsche Telekom said on Tuesday it is launching an industrial AI cloud with NVIDIA in a 1 billion euro ($1.17 billion) partnership that will go live in the first quarter of 2026. The cloud will run from a refurbished data center in the city of Munich. ($1 = 0.8575 euros)
Intuitive Machines to broaden space business with $800 million deal for Lanteris
Lunar lander maker Intuitive Machines said on Tuesday it will buy Lanteris Space Systems, a spacecraft maker formerly known as Maxar Space Systems, from private equity firm Advent International in a deal worth $800 million.The move takes Intuitive Machines beyond its lunar niche as the company aims ...
Norway wealth fund says it will vote against Musk's $1 trillion Tesla pay package
OSLO :Norway's sovereign wealth fund, the world's largest, said on Tuesday it would vote against ratifying Tesla CEO Elon Musk's proposed compensation package, containing shares worth up to $1 trillion, at an annual general meeting this week.Investors in the electric-vehicle maker wil ...
Former US vice-president Dick Cheney dies at 84
Cheney died on Monday night from complications of pneumonia and cardiac and vascular disease, according to his family
SIA Engineering Q2 net profit up 13.5% at S$40.4 million
Tay Peck Gek - Its rise in revenue outpaced that of its rise in expenditure; contributions from associated and joint-venture companies also increased
SIA Engineering net profit up 13.5% to S$40.4 million for Q2 of FY2026
Tay Peck Gek - Its rise in revenue outpaced that of its rise in expenditure; contributions from associated and joint-venture companies also rose
UltraGreen.ai starts pre-marketing S$300m-S$400m Singapore IPO: sources
The planned share sale would add momentum to Singapore’s efforts to attract high-growth companies and boost its capital markets
Private property residents account for majority of households with 2 or more cars
Derryn Wong - But HDB households owning at least one car outnumber non-HDB households
Analysis:Amazon's $38 billion OpenAI deal shows it is no longer an AI laggard
Amazon's $38 billion cloud deal with OpenAI marks a major endorsement for the e-commerce giant's cloud business after recent setbacks, including ceding market share to rivals and an outage that disrupted large parts of the internet.After years of leading the cloud computing industry with i ...
Spotify forecasts profit above estimates on user growth, price hikes
Spotify forecast fourth-quarter profit above Wall Street expectations on Tuesday, betting on robust user growth and a boost from price hikes in the crucial holiday season.Shares of the company, which competes with Apple and Amazon's music streaming offerings, rose 5.3 per cent in premarket trad ...
Disclosures of directors’ fees shot up after change in listing rules: SID report
Janice Lim - The number of listcos with independent directors serving more than nine years has fallen to 3.2%
Getty Images largely loses landmark UK lawsuit over AI image generator
LONDON :Getty Images largely lost its landmark lawsuit against artificial intelligence company Stability AI over its image generator at London's High Court on Tuesday.Seattle-based Getty, which produces editorial content and creative stock images and video, accused Stability AI of using its ima ...
SIA Engineering Co net profit up 21.1% y-o-y to $83.3 mil for 1HFY2026; declares interim dividend of 2.5 cents
Nicole Lim - SIA Engineering Group (SIAEC) has reported a net profit of $83.3 million for the 1HFY2026 ended Sept 30, up 21.1% y-o-y. For the 2QFY2026, net profit grew 13.5% y-o-y to $40.4 million. Earnings per share for the 1HFY2026 and 2QFY2026 came in at 7.45 cents and 3.61 cents, up 21.5% and 13.9% y-o-y res ...
Daily Debrief: What Happened Today (Nov 4)
Stories you might have missed
Investment implications of changing consumer behaviour in Asia
Stuart Rumble - Consumer behaviour across developed markets in Asia, like mainland China, Hong Kong, Singapore and Taiwan, is undergoing a notable transformation, shaped in part by persistent economic uncertainty and a challenging macro environment. In many markets across the region, subdued growth, lingering marke ...
India freezes over 75 billion rupees in assets tied to Anil Ambani in bank fraud probe
The tycoon strongly denies the allegations and will contest them
Wee Hur Holdings issues $175 mil fixed rate notes at 4.80% due 2030
Nicole Lim - Wee Hur Holdings has issued $175 million 4.80% fixed rate notes due 2030 as part of its $500 million multicurrency medium term note programme. The net proceeds from the notes subscription will be used for the group’s general corporate purposes, including refinancing of existing borrowings and fina ...
From pickaxes to AI, COP30 host state holds past and future of Amazon mining
SERRA PELADA, Brazil :With a voice more youthful than his 72 years would suggest, Lucindo Lima sings about the untold riches he never made in Brazil's Serra Pelada mine, a site made famous by a 1980s gold rush immortalized by the late photographer Sebastiao Salgado."Under those mountains a ...
Beacon Software raises $250 million to fund 'anti-private equity' AI roll-ups
Beacon Software, a holding company that acquires smaller software businesses and uses artificial intelligence to transform them, has raised $250 million to fund its AI roll-up strategy, the company told Reuters.The Series B round, led by General Catalyst, Lightspeed Venture Partners, and D1 Capital, ...
Exclusive-Pakistan cancels Eni LNG cargoes, seeks to renegotiate Qatar supplies
KARACHI :Pakistan has struck a deal to cancel 21 liquefied natural gas cargoes under its long-term contract with Italy's Eni as part of a plan to curb excess imports that have flooded its gas network, according to an official document and two sources. The document from state-owned Pakistan LNG ...
Asian markets end Tuesday in the red; STI down 0.5%
Navene Elangovan - The three local banks end mixed while CapitaLand Integrated Commercial Trust was the most traded counter on the index
US office S-Reits could be on the cusp of a comeback
Nathania Chew - DBS has re-initiated coverage on Prime US Reit with a ‘buy’ call
Kingsford places top bid of S$918.3 million or S$1,326 psf ppr for first condo plot on former Keppel Club site
Kalpana Rashiwala - Plot draws just two other bids
Asia Pacific’s next leap may come from open-source AI
Nurdianah Md Nur - Economies from Japan to Vietnam stand to gain hundreds of billions of dollars in productivity through artificial intelligence (AI) by 2040. Open-source models may be key to ensuring smaller nations keep pace, according to a joint study by the Linux Foundation and Meta titled The Value of Open Source ...
Global financiers warn on US insurance risks, Trump immigration crackdown
US life insurers have allocated close to one-third of their US$5.6 trillion in assets to private debt investments last year
Temasek’s next president, Shangri-La Asia CEO in Forbes Asia’s list of most powerful women
Deon Loke - BT highlights 10 prominent leaders from the list
Singapore aims for workplace fairness law to kick in end-2027, from previous estimate of ‘2026 to 2027’
Paige Lim - The government will step up education and outreach efforts in the meantime, says Manpower Minister Tan See Leng
Norway wealth fund to vote against Musk US$1 trillion Tesla pay package
Investors in the electric-vehicle maker will decide on Nov 6 whether to approve the package
Microsoft launches second cloud region in Johor Bahru, boosting Malaysia data centre development
Tan Ai Leng - It is targeted towards regional-scale workloads, multinational users and data-intensive AI systems
BP profit beats expectations, helped by refining margins
It made an underlying replacement cost profit, or adjusted net income, of US$2.21 billion
China accuses Netherlands of not working to fix Nexperia dispute
The resulting chip shortages have threatened to halt assembly lines and lead to worker furloughs in Europe
Aramco profit beats estimates in first sign of easing pressure
Net income adjusted for one-time items rose 0.8% to US$28 billion in the third quarter from a year earlier
Palantir shares drop in Europe despite earnings beat
Palantir Technologies fell almost 6 per cent in early Frankfurt trading on Tuesday, as another strong quarterly update from the U.S. tech group failed to extend its record-breaking rally.The company, which has more than doubled in value this year, forecast fourth-quarter revenue above analyst estima ...
