Analysis:Debt investors offloading exposure to software companies is latest sign of pain
NEW YORK, March 17 : Investors are offloading software loans in debt vehicles at a discount, in the latest sign of pain in the software industry, which is being upended by AI.In recent weeks, several managers of collateralized loan obligations (CLOs) have started exploring ways to reduce their expos ...
China restricts some overseas-incorporated firms from Hong Kong IPOs
Beijing is restricting certain Chinese companies incorporated overseas from seeking initial public offerings in Hong Kong, requesting them to change their domicile back to China before going public, according to China's securities regulator.The China Securities Regulatory Commission (CSRC) said ...
Privatisation offer for Sen Yue Holdings extended to Apr 14
Ry-Anne Lim - The offer is priced at S$0.008 per share
Stocks rise as oil prices ease off earlier highs
NEW YORK, March 17 : Global stocks rose on Tuesday for a second straight session, even as the war in Iran drove up oil prices and ahead of a flurry of policy announcements from global central banks this week. Israel said it killed Iran's security chief, while a senior Iranian official said the ...
Boustead's Wong and Amova, raised respective stakes in UI Boustead REIT
The Edge Singapore - Amova Asset Management, one of the cornerstone investors in UI Boustead REIT, has averaged down its stake by acquiring more units on the trading debut. According to an SGX filing on March 17, Amova acquired 966,400 units at $787,229.44, or an average of 81.46 cents. This brings Amova's total st ...
Wall St opens higher as investors weigh energy costs before Fed call
[NEW YORK] Wall Street’s main indexes opened higher on Tuesday (Mar 17) with financial stocks in the lead, while investors weighed the...
GSR acquires crypto advisory firms in $57 million expansion
Tang Organization to conduct strategic review of Suntec Reit as new sponsor
Ry-Anne Lim - The initiatives could ‘support higher distributions’ in the coming years
Indonesia eyes oil purchases from Russia
[JAKARTA] Indonesia is looking to purchase oil from Russia to meet its domestic supply needs, local media reported on Tuesday (Mar 17),...
OpenAI to sell AI to US agencies through Amazon cloud unit
March 17 : OpenAI has signed a new deal to sell access to its AI models to U.S. defense and government agencies through Amazon's cloud unit for classified and unclassified work, the ChatGPT maker said on Tuesday.The contract enables OpenAI to support the Pentagon under a deal it secured late la ...
Chipmaker Qualcomm unveils $20 billion stock buyback program
March 17 : Smartphone chip designer Qualcomm on Tuesday unveiled a $20 billion stock buyback program as it looks to take advantage of a steep drop in its share price, which has been hit by a global memory supply crunch that is expected to slow handset manufacturing. Shares of the company rose more t ...
Qualcomm unveils $20 billion stock buyback program
March 17 : Smartphone chip designer Qualcomm on Tuesday unveiled a $20 billion stock buyback program as it looks to take advantage of a steep drop in its share price, which has been hit by a global memory supply crunch that is expected to slow handset manufacturing. Shares of the company rose more t ...
PayPal launches stablecoin PayPal USD in 70 markets including Singapore
Benjamin Cher - This will enable instant cross-border transfers in US dollars
China oil majors resume seeking Russian oil after 4-month halt: sources
This is to head off supply shortages caused by the war in the Middle East
Mastercard to buy stablecoin startup BVNK for up to US$1.8 billion
The purchase price includes US$300 million in contingent payments
Mastercard to buy stablecoin infra firm BVNK for up to $1.8 billion
March 17 : Mastercard said on Tuesday it would buy stablecoin payments infrastructure firm BVNK for up to $1.8 billion.The acquisition underscores Mastercard's strategy to expand beyond traditional card networks and position itself at the center of emerging digital asset ecosystems, including s ...
UK lawmakers question Lloyds over account glitch that exposed customers' details
LONDON, March 17 : Britain's cross-party Treasury Committee has requested further explanation from Lloyds Banking Group over the causes of a glitch on March 12 that let some customers see other users' transactions on the bank's digital channels."On the face of it, this is an alar ...
Stryker says cyberattack on its network contained
March 17 : Medical device maker Stryker said on Tuesday it has contained a cyberattack that caused widespread disruption to its business and was now prioritizing restoring systems that directly support customers, ordering and shipping. A cyberattack on March 11 had affected Stryker's operations ...
Infineon executive urges Europe to build larger, automated fabs
SOPOT, Poland, March 17 : Europe's semiconductor industry must invest in more automated and larger 300-millimeter wafer fabs to counter growing competition from Chinese rivals in power and analog chips, an Infineon Technologies executive said last Friday.Speaking at a conference for semiconduct ...
Nebius intends to raise $3.75 billion via convertible loan following Meta, Nvidia deals
March 17 : Nebius, Europe's largest AI infrastructure firm, said on Tuesday it aims to raise $3.75 billion via a convertible loan offering.The news follows two big announcements from Nebius this month, a deal worth up to $27 billion to provide AI computing power to Meta, and a $2 billion invest ...
ComfortDelGro introduces new temporary driver fee, increases meter fare amid rising fuel costs
Ry-Anne Lim - The measures will take effect from Mar 24 to May 31
ComfortDelGro introduces new temporary driver fee, increases meter fare to better support cabbies
Ry-Anne Lim - The measures will take effect from Mar 24 to May 31
Q&M's Ng raises deemed stake in company with open market buying at 55.9 cents apiece
The Edge Singapore - Quan Min Holdings, an entity used by Dr Ng Chin Siau and related parties to control Q&M Dental Group, has increased its stake in the growing dental chain. On March 17, Ng paid $1.33 million to buy 2.38 million shares from the open market, which works out to an average of 55.9 cents apiece. This ...
Secura wins $12.9 mil contract to provide security to Singapore's public museums
The Edge Singapore - Secura Group has been given a three-year contract worth $12.9 million from the National Heritage Board to provide security services across the various museums and heritage institutions under this government body. Under the contract, Secura will introduce a security system that incorporates AI-suppor ...
Amazon launches 1-hour shipping in US cities to challenge Walmart
NEW YORK, March 17 : Amazon is ramping up its speedy delivery service by offering 1-hour and 3-hour shipping in markets across the U.S., including Los Angeles and Chicago, in its latest efforts to stave off e-commerce competition from its biggest rival Walmart. Fast delivery has been a significant p ...
Israel says Iran’s security chief Larijani is killed, Teheran strikes Gulf neighbours
[DUBAI/JERUSALEM] Defence Minister Israel Katz said on Tuesday (Mar 17) the Israeli military had killed Iran’s security chief and the head of...
Iran rejects de-escalation offers; Israel says it has killed Iranian security chief Larijani
The Strait of Hormuz remains largely closed off, and US allies have rebuffed US President Trump’s calls for them to help...
Iran rejects de-escalation offers; Israel says it kills Iranian security chief Larijani
Head of Basij militia also killed, Israeli Defence Minister Israel Katz says
Banks power Singapore stocks higher on Tuesday; STI up 1.4%
Renald Yeo - The iEdge Singapore Next 50 Index advances 0.6% to 1,445.35
MAS issues prohibition orders against ex-bankers involved in S$3 billion money laundering scandal
Ry-Anne Lim - The two former bankers are barred from conducting any MAS-regulated activities and cannot participate in the management of any financial institution
Indonesia holds rates steady, signals Iran war limits room for cuts
JAKARTA, March 17 : Indonesia's central bank kept its key interest rates unchanged on Tuesday and signalled little room for rate cuts ahead given the impact of the war in the Middle East. Bank Indonesia held the benchmark 7-day reverse repurchase rate at 4.75 per cent, as had been forecast by 2 ...
Fans of niche Japanese crisps brand panic after oil shortage halts production
TOKYO, March 17 : Die-hard fans of a niche Japanese crisps brand took to the internet on Tuesday to lament a production halt the snack maker Yamayoshi Seika blamed on a shortage of cooking oil caused by the conflict in the Middle East.The U.S. and Israel's war on Iran and the resulting effectiv ...
China state bankers face 30% bonus cuts as pay reform deepens
Authorities are particularly focused on fixing an inverted pay structure
Japan's Idemitsu to invest $500 million in Australian Midocean to enter LNG business
TOKYO: Idemitsu Kosan, Japan's second-biggest oil refiner, said on Tuesday (Mar 17) it will invest US$500 million in Australia's MidOcean Energy as part of a move towards a full-scale entry into the LNG business.MidOcean Energy is an LNG platform backed by U.S. energy-focused private equit ...
