Databricks in talks to raise capital at $134 billion valuation, The Information reports
Nov 30 : Data analytics firm Databricks is in talks to raise $5 billion at a valuation of $134 billion, which is roughly 32 times this year's expected sales of about $4.1 billion, The Information reported on Sunday, citing investor documents and a person familiar with the matter.Reuters could n ...
Australia house prices climb in November amid record unaffordability, Cotality says
AUSTRALIAN home prices rose in November with large gains in several state capitals, amid a record level of housing unaffordability, property consultant...
Addvalue Technologies chalks up more orders worth US$2.8 million
The Edge Singapore - Addvalue Technologies has won new orders worth US$2.8 million. Just on Nov 17, the company announced it won contracts worth US$3.6 million. With the latest wins announced on Nov 30, Addvalue's order book has reached US$19.2 million. The orders came from two existing clients. One is from Asia Pa ...
RHB's Yeo keeps ISOTeam at 'neutral' as he awaits new orders
The Edge Singapore - Alfie Yeo of RHB Bank Singapore has held his "neutral" call and 7.8 cents target price on ISOTeam, as he awaits better valuation and earnings performance. Yeo, in his Nov 27 note, cautions that shareholders face a 12% earnings per share dilution following a recent round of fund-raising. &q ...
Wall Street predicts rebound in Indian markets after tough year
AFTER one of India’s worst years of market underperformance in decades, some of Wall Street’s biggest names are calling for a rebound.
Seatrium to start its own arbitration in US$475 million contract termination dispute
Ry-Anne Lim - The contract, which is 98.9% complete, is for the construction of a wind turbine installation vessel in a US offshore wind farm
Asset managers face litmus test in handling of sustainability issues
The heightened focus on sustainable strategies coincides with a rebound this year in green investment returns
Crypto players find safe haven in Vietnam’s dual-city IFC
Jamille Tran - Global giants such as Binance, Bybit and Tether are converging on Ho Chi Minh City and Da Nang, where fintech sandboxes are...
Why you should cheer PE pessimism
Valuations do not predict stocks’ direction as decades of history prove present fears false
Advansory Investment controls 87.17% of Olive Tree Estates following close of 12 cents per share offer
The Edge Singapore - Advansory Investment has gained control over 87.17% of Olive Tree Estates, at the end of its 12 cents per share offer on Nov 28. The offer was tabled after Advansory Investment bought a controlling stake of 69.49% from a group of previous shareholders for $9.66 million, or 12 cents each. The sellers ...
Raising governance standards of smaller firms for retail investors
This is also critical for small companies, for their long-term sustainability and for the health of Singapore’s broader capital market ecosystem
Singtel tops buybacks; Soon Hock and EnGro chairs boost stakes; Sanli eyes growth with placement
[SINGAPORE] Over the five trading sessions from Nov 21 to 27, institutions were net sellers of Singapore stocks, with net institutional outflow...
Japan finance minister says yen's rapid fall clearly not driven by fundamentals
TOKYO, Nov 30 : Japan's finance minister said on Sunday that recent erratic swings in the foreign exchange market and rapid yen weakening are "clearly not driven by fundamentals"."It's our position to issue warnings against such matters," Satsuki Katayama said on a Sund ...
Seatrium files notice of arbitration over US$475 million contract in dispute with Maersk
The Edge Singapore - Seatrium, taking a view that a customer is trying to walk away from a US$475 million contract, has filed a notice of arbitration. On Oct 9, Maersk Offshore Wind, a unit of the Danish shipping giant, terminated the contract given to Seatrium to build a wind turbine installation vessel, putting forwar ...
Top South Korean e-commerce firm Coupang says 33.7 million customer accounts breached
SEOUL, Nov 30 : South Korean e-commerce giant Coupang said personal information from 33.7 million of its customer accounts was exposed via unauthorized data access.Coupang, dubbed the Amazon.com of South Korea, is the country's top online retailer with its services ubiquitous for many Koreans u ...
South Korean e-commerce firm Coupang says 33.7 million customer accounts breached
SEOUL, Nov 30 : South Korean e-commerce giant Coupang said personal information from its 33.7 million customer accounts was exposed via unauthorized data access. Coupang, dubbed the Amazon.com of South Korea, is the country's top online retailer with its services ubiquitous for many Koreans ...
Top South Korean e-commerce firm Coupang apologises over massive data breach
SEOUL: South Korea's biggest online retailer, Coupang, apologised on Sunday (Nov 30) over the breach of personal information from 33.7 million customer accounts through unauthorised data access."We sincerely apologise once again for causing our customers inconvenience," Park Dae-jun, ...
AI helps drive record $11.8 billion in Black Friday online spending
Nov 29 : AI-powered shopping tools helped drive a surge in U.S. online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare prices and secure discounts amid concerns about tariff-driven price hikes. U.S. shoppers spent a record $11.8 billion online, up 9.1 ...
Global airlines race to fix A320 jets after Airbus recall
PARIS: Global airlines scrambled on Saturday (Nov 29) to fix a software glitch on their Airbus A320 jets as a recall by the European planemaker temporarily grounded aircraft in Asia and Eu
Armani fashion group appoints new board to guide company after designer's death
The designer instructed his heirs to sell an initial 15 per cent minority stake in his vast fashion business within 18 months after his death.
Micron to invest $9.6 billion in Japan to build AI memory chip plant, Nikkei reports
Nov 29 : U.S. chipmaker Micron Technology will invest 1.5 trillion yen ($9.6 billion) to build a next-generation memory manufacturing facility in western Japan to support artificial intelligence computing, Nikkei reported on Saturday Reuters could not immediately verify the report, which cited peopl ...
Bank Indonesia seeks rate cuts while balancing stability, growth
Tariff worries have made the rupiah South-east Asia’s worst-performing currency this year
Amazon, Flipkart take aim at India’s banks with new consumer loan offerings
Interest rates on loans for consumer durables from traditional lenders typically range between 12% and 22%
Human Made seeks growth beyond China as tensions with Japan rise
Its expansion coincides with a global surge in interest in Japanese pop culture, fuelled by anime and video games, while a weaker...
China’s robotics stocks face investor scrutiny over bubble fears
Beijing has been on a so-called anti-involution drive this year, aiming to curb destructive competition across industries
Silver hits fresh record after topping peak from October squeeze
The white metal has surged almost 90% this year
Worldwide markets roiled by data-centre snafu in Chicago suburb
The centre has continued to serve as a key node for traders across the globe, and the impact was felt broadly
Marco Polo Marine's FY2025 earnings up 169.7% y-o-y on one-off gains and higher chartering income
The Edge Singapore - Marco Polo Marine has reported earnings of $58.5 million for its FY2025, up 169.7% y-o-y. The company managed operational improvements but the bottom line was also lifted by one-off items. Revenue in the same period was down 0.6% y-o-y to $122.8 million, as it booked lower revenue for its shipyard o ...
Chinese carmakers shift to ‘asset-light’ models in overseas expansion
The technology-for-equity deal is designed around deep operational integration
Air travel faces disruptions over A320 software switch
Airbus has sold 12,257 of the aircraft by the end of September, compared with the sale of 12,254 Boeing 737s
Japan's ANA cancels 65 flights on Saturday after Airbus A320 recall
TOKYO :ANA Holdings, Japan's biggest airline, says it cancelled 65 flights on Saturday after the Airbus A320 recall forced it to ground some aircraft.The carrier, along with affiliates such as Peach Aviation, is the biggest operator in Japan of single-aisle Airbus aircraft, including the A320.
PhillipCapital's Lim maintains 'buy' call on Zixin Group but cuts target price to 5.5 cents
The Edge Singapore - Serena Lim of PhillipCapital has cut her target price for Zixin Group after the company reported 1HFY2026 earnings below expectations. For the six months to Sept 30, revenue was up 40.8% y-o-y to RMB220.6 million, with growth across its various segments. However, earnings was up by just 3.9% y-o-y a ...
Temasek eyes stake in Quest Global at US$4.6 billion pre-IPO price
The engineering services firm is preparing for an IPO in India, joining a wave of companies tapping the country’s buoyant capital markets
Airbus issues major A320 recall after flight-control incident
[PARIS] Europe’s Airbus said on Friday (Nov 28) that it was ordering immediate repairs to 6,000 of its widely used A320 family...
