Meta poised to surpass Google in digital ad revenue for first time, report says
April 13 : Meta Platforms is projected to surpass Alphabet's Google in digital advertising revenue globally by the end of 2026, and dethrone the search-engine behemoth in the lucrative business, according to Emarketer.The Instagram-owner's global net ad revenues are expected to reach $243. ...
Uber faces second driver sexual assault trial following $8.5 million verdict
April 13 : After a key setback in the first trial of its kind before a federal jury, Uber is expected to return to court on Tuesday to face a second woman's claims that she was sexually assaulted by a driver she booked through the app.The jury trial in Charlotte, North Carolina federal court, w ...
Goldman Sachs posts higher Q1 profit of US$5.4 billion on strength in dealmaking, equities trading
A landmark deal in Q1 entailed advising Unilever on the merger of its food business with spicemaker McCormick
UK to probe Paramount-Warner Bros deal in coming weeks, competition watchdog says
April 13 : Britain's antitrust watchdog is expected to launch an investigation into Paramount Skydance's planned $110 billion acquisition of Warner Bros Discovery in "the coming weeks," a spokesperson said on Monday."The film and TV industries contribute billions to our econ ...
US stocks retreat as oil prices shoot higher
NEW YORK: Wall Street stocks retreated early Monday (Apr 13) after weekend US-Iran talks failed to produce an accord while Washington moved ahead with a naval blockade, sending oil prices high
Fears of recession, demand destruction in industrial metals loom as US-Iran war drags on
Benicia Tan - Analysts note that the impact of price volatility of base metals is uneven across regions, with Asia lacking buffers
US: Wall St subdued at open as failed US-Iran talks unsettle investors
[NEW YORK] Wall Street’s main indices opened lower on Monday (Apr 13) after weekend talks between the US and Iran failed to...
Morgan Stanley says earnings shield S&P 500 from Iran war
Wall Street analysts remain optimistic, expecting a 12% growth in Q1 profits for companies on the index
Physical oil hits fresh record high near US$150 a barrel as Hormuz crisis worsens
The price of Brent crude futures rises 6% for June delivery to more than US$100 a barrel
Oil jumps nearly 7% to above US$100 ahead of US blockade on Iran
Brent crude futures gains US$6.52, or 6.9%, to US$101.72 a barrel; WTI up around US$7, or 7.2% at US$103.55
Dutch regulator notifies European Commission of plan to seek EU approval for Tesla's FSD
April 13 : Dutch vehicle authority RDW has notified the European Commission of its plan to seek European Union-wide approval for Tesla's Full Self-Driving software system, the regulator's general manager of type approvals told Reuters on Monday.Bernd van Nieuwenhoven emphasised that the FS ...
Koh Brothers rejects shareholders’ renewed push for distribution of Oiltek stake
Tessa Oh - Putting the same resolution to a vote at the group’s 2025 AGM was to promote open engagement, says the board
Drinks distributor Octopus raises $5 mil from Spain's Osborne
The Edge Singapore - Drinks distributor Octopus (APAC) Holdings has raised $5 million from a business partner by issuing new shares. Spanish firm Gruppo Osborne will subscribe for new shares at 6.8 cents each, which is a 13.33% premium to the April 9 closing price of 6 cents. The shares, halted ahead of this announcemen ...
Indonesia can outlast Middle East war fallout to year end: Minister
JAKARTA: Indonesia's economy minister said Monday (Apr 13) the Southeast Asian nation can outlast the impacts of Middle East war-fuelled oil price hikes for as many as 10 months without cutting fuel subsidies.Minister Airlangga Hartarto told foreign media in Jakarta his government "is read ...
Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay
Deon Loke - Retailer has been looking to operate on five floors of the strata-titled mall but has faced challenges in reaching agreements with individual...
Koh Brothers rejects shareholders' request to hold AGM vote on distribution of Oiltek shares
The Edge Singapore - Koh Brothers Group has declined to put forward a resolution requested by certain shareholders agitating to receive the distribution of Oiltek International shares that KBG holds indirectly. According to KBG on March 25, a group of shareholders had asked KBG to include at its upcoming AGM a resolutio ...
Singapore stocks fall, tracking regional decline; STI down 0.1%
Benicia Tan - Across the broader market, decliners outnumber gainers 315 to 262 after 1.3 billion securities change hands
Chip-designer SkyeChip inks Malaysia IPO underwriting deal with Maybank, CIMB
The offering comprises 400 million new shares, or 22.3% of the company’s enlarged share capital
Roblox to introduce age-based accounts in child safety push
April 13 : Videogame platform Roblox on Monday said it will create tailored accounts for young users in a push to shore up online safety, as it deals with intense global scrutiny over concerns of child endangerment. Through the company's age-check nL6N3WT1HT system or parental verification, Rob ...
Tesco partners with Adobe to ramp up AI‑driven personalised marketing
LONDON, April 13 : Tesco, Britain's biggest food retailer, has partnered with U.S. software group Adobe to deepen its use of artificial intelligence in analysing customer data, aiming to boost sales through more personalised marketing, the groups said on Monday.Retailers are increasingly turnin ...
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Jude Chan - The benchmark Straits Times Index has outperformed the S&P 500 – in both USD and SGD terms – in recent years
Acrophyte Hospitality Trust’s ability to stay afloat in doubt over US$198.5 million loan due in September
Tessa Oh - Refinancing formal negotiations and due diligence are expected to take place only closer to the loan’s maturity date
OCBC sees upside in SGX small and mid-caps on Singapore growth tailwinds despite Middle East tensions
Ranamita Chakraborty - Improvement in average daily turnover across SMID stocks most pronounced after announcement of EQDP asset managers
In an update, JP Morgan suggests a barbell approach to investing in REITs
The Edge Singapore - In a report dated April 13, JP Morgan analysts Mervin Song and Terence Khi recommend a barbell strategy when investing in S-REITs. A barbell approach to investing means putting your money at two extremes—very safe investments on the one hand and high-risk/high-reward investments on the other. It†...
Japan risks summer power crunch due to Middle East LNG disruptions -IEEJ analyst
TOKYO, April 13 : Japan may face a power supply crunch if the Middle East crisis drags on and liquefied natural gas shipments remain disrupted, just as air-conditioning demand rises during the Japanese summer, an analyst at a leading energy think tank said on Monday. Takafumi Yanagisawa, executive a ...
China starts bankruptcy liquidation of shadow bank Zhongzhi
The move signals regulators’ determination to draw a line under years of opaque shadow banking practices
Hedge funds rush into bullish stocks bets ahead of weekend US-Iran talks, Goldman note says
LONDON, April 13 : Hedge funds last week piled into bets that stocks would rise, on expectations of a ceasefire in Iran, said two Goldman Sachs client notes on Saturday and seen by Reuters on Monday.Their bets were wagered just before global markets were whipsawed on Monday after the U.S. threat to ...
China’s Victory Giant seeks up to HK$17.5b in Hong Kong listing
The fervour for AI has driven the company’s stock up by four times over the past year
China’s Victory Giant seeks up to HK$2.2 billion in Hong Kong listing
The fervour for AI has driven the company’s stock up by four times over the past year
Far East inks deal to sell Tuas industrial asset for S$322 million
Kalpana Rashiwala - The buyer is a joint venture that includes units of Hong Kong-listed HPC and CWT, and Ding Zhou group
Dolce & Gabbana names ex-Gucci boss Cantino as co-CEO
This comes after its evolution from a fashion brand to a lifestyle company
Wall Street futures drop after US-Iran peace talks fail
April 13 : Wall Street futures slipped on Monday, starting the week on a subdued note, after talks between the U.S. and Iran over the weekend failed to deliver a deal nL6N40V09S to end the war.The declines indicate that any relief from the ceasefire reached last week could be fleeting, and underscor ...
Wall St indexes fall after failed US-Iran peace talks unsettle investors
April 13 : Wall Street's main indexes slipped on Monday after weekend talks between the U.S. and Iran failed to deliver a deal nL6N40V09S to end the war, threatening a nascent recovery in equities and risking a renewed bout of volatility.The declines indicate that any relief nL6N40T16E from the ...
Wall St set for subdued open as failed US-Iran peace talks fuel investor angst
April 13 : Wall Street's main indexes were set to open lower on Monday after weekend talks between the U.S. and Iran failed to deliver a deal nL6N40V09S to end the war, threatening a nascent recovery in equities and risking a renewed bout of volatility.The declines indicate that any relief nL6N ...
