Permira, Warburg near $8.2 billion deal for Clearwater Analytics, sources say
Dec 21 : A group of private equity firms led by Permira and Warburg Pincus has clinched a deal to acquire investment and accounting software maker Clearwater Analytics Holdings for about $8.2 billion, including debt, two sources familiar with the matter said.Permira and Warburg Pincus have agreed ...
Permira, Warburg near $8.4 billion deal for Clearwater Analytics, sources say
NEW YORK, Dec 21 : A group of private equity firms led by Permira and Warburg Pincus has clinched a deal to acquire investment and accounting software maker Clearwater Analytics Holdings for about $8.4 billion, including debt, sources familiar with the matter said.Permira and Warburg Pincus have ...
AI model developer MiniMax passes Hong Kong stock exchange listing hearing
CHINESE artificial intelligence (AI) startup MiniMax has passed a Hong Kong stock exchange listing hearing, according to a stock exchange filing on...
Why investors are betting on nuclear fusion even as it remains elusive
Interest has been fuelled by the proliferation of data centres, as tech firm hunt for sources to power their cloud computing and...
Fed’s Hammack signals holding rates steady for months
FEDERAL Reserve Bank of Cleveland president Beth Hammack said she saw no need to change US interest rates for months ahead after...
Record US$350 billion deals boom fuels upbeat M&A outlook in Japan
Corporate governance reforms aimed at improving shareholder returns are helping to transform the country into a hive of activity
Singapore F&B players push for more changes in import rules to ease food cost squeeze
Chong Xin Wei - Operators laud moves to diversify food sources, say more can be done to help local business compete against global players
Bridgewater expands equity ownership for employees after blowout year
[NEW YORK] Hedge fund Bridgewater Associates plans to expand its employee ownership initiative next year, which will see more than 60 per...
Morgan Stanley seen as front-runner for SpaceX IPO: sources
[NEW YORK] Morgan Stanley is emerging as a leading contender for a key role in SpaceX’s blockbuster initial public offering (IPO), as...
SoftBank races to fulfil US$22.5 billion funding commitment to OpenAI by year-end: sources
[NEW YORK/TOKYO/SAN FRANCISCO] SoftBank Group is racing to close a US$22.5 billion funding commitment to OpenAI by year-end through an array of...
Beansprout starts Hong Leong Asia at ‘buy’ as it sees ‘clear medium-term strategic roadmap’
Felicia Tan - Beansprout analyst Ng Hui Min has initiated a “buy” call on Hong Leong Asia after the group posted a “strong rebound” in its 1HFY2025 earnings. For the six months ended Sept 30, Hong Leong Asia reported earnings of $56.01 million, 13.1% higher y-o-y, marking a “clear turnaround”. Revenue ...
Elon Musk becomes first person worth US$700 billion following pay package ruling
TESLA CEO Elon Musk’s net worth surged to US$749 billion late Friday (Dec 19) after the Delaware Supreme Court reinstated Tesla stock...
10 S-Reits garner over S$1 billion in total retail net inflows in 2025
Including dividends, total returns for the STI and S-Reits reached 26.7% and 14.4%, respectively
South Korea's consumer agency to order SK Telecom to compensate 58 hacking victims
SEOUL, Dec 21 : South Korea's consumer agency said on Sunday it would order SK Telecom to compensate 58 users who filed a class action against the company over a recent hacking incident. The agency said it decided at a Thursday meeting to order the company to pay each applicant 100,000 ...
Commentary: Open source could pop the AI bubble - and soon
Open-source artificial intelligence models are catching up with closed models in terms of performance, says Mark Surman for the Financial Times.
Explainer-What is so special about TikTok's algorithm?
BEIJING, Dec 20 : The content recommendation algorithm that powers the online short video platform TikTok has once again come under the spotlight after the app's Chinese owner ByteDance signed binding agreements to form a joint venture that will hand control of operations of TikTok's U. ...
World Bank approves $700 million for Pakistan's economic stability
Dec 19 : The World Bank said on Friday that it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.The funds will be released under the bank's Public Resources for Inclusiv ...
CEO of 7-Eleven US retires as company undergoes broader revamp
US CONVENIENCE store chain 7-Eleven said its chief executive will retire at the end of this month, as Japanese parent Seven &...
Google warns staff with US visas against international travel due to embassy delays, Business Insider says
Dec 19 : Alphabet's Google has advised some employees on U.S. visas to avoid international travel due to delays at embassies, Business Insider reported on Friday, citing an internal email.The email, sent by the company's outside counsel BAL Immigration Law on Thursday, warned s ...
ValueMax to defend claims of infringement by LV, says it doesn’t carry LV products currently
[SINGAPORE] ValueMax says it is vigorously defending claims of infringement and does not currently carry LV products at all its outlets, in...
Musk wins US court appeal of US$56 billion Tesla pay package
A DELEWARE appeals court cleared the way Friday for tech CEO Elon Musk to receive a long-contested US$56 billion Tesla pay package,...
7-Eleven Inc says CEO Jeo DePinto to retire
Dec 19 : Convenience store chain 7-Eleven Inc said on Friday that Chief Executive Officer Joe DePinto will retire after 20 years in the role.The company said in a statement that it has appointed current President Stan Reynolds and Doug Rosencrans, executive vice president and chief opera ...
TikTok owner ByteDance on track for US$50 billion profit in 2025
Despite this, growth is likely to be slower than previous years
Meta's Dina Powell McCormick quits board, may stay on as adviser
Dec 19 : Dina Powell McCormick has resigned from Meta Platforms board of directors effective immediately, just eight months after joining, the company said on Friday.Powell McCormick, who served as deputy national security adviser to U.S. President Donald Trump during his first term, may co ...
Why some SGX small-caps survive the watch list – and others fail
Data from Singapore’s ‘watch-list era’ shows the dos and don’ts of pulling off a successful corporate comeback
MAS has breathing room to react to sudden shocks in 2026: economists
Low Youjin - Tariffs, fading AI chip demand or a sharper-than-forecast global slowdown could prompt looser policy – but tightening is possible too
French court rejects Shein suspension
A FRENCH court on Friday rejected the state’s request to suspend Shein’s site in France as “disproportionate” after the Asian e-commerce giant...
What Novo Nordisk, OpenAI and Pop Mart have in common
All three have suffered the curse of overnight success
US stocks: Nasdaq rallies again while yen falls despite BOJ rate hike
RESURGENT artificial intelligence shares lifted the Nasdaq on Friday for a second straight session while the yen retreated despite a Bank of...
European stocks hover near record on lingering policy optimism
EUROPEAN stocks hovered near a record on Friday, wrapping up the final full trading week of the year with optimism around further policy easing...
Oil posts second weekly decline as glut concerns dominate
OIL declined for a second week as concerns over a growing glut outweighed geopolitical risks to supply.
Musk wins appeal that restores 2018 Tesla pay deal now worth about $155 billion
WILMINGTON, Delaware, Dec 19 : Elon Musk's 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as "unfathomable."The ruling overturns a decision that had prompted ...
Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion
WILMINGTON, Delaware, Dec 19 : Elon Musk's 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as "unfathomable."The ruling overturns a decision that had prompted ...
Starbucks taps Amazon's Anand Varadarajan as new chief technology officer
(Adds dropped word "officer" in paragraph 1)Dec 19 : Starbucks said on Friday it has appointed Anand Varadarajan as its new chief technology officer, effective January 19, as CEO Brian Niccol pushes a tech revamp in stores to make labor more efficient.Varadarajan will fill the rol ...
