Olam Group completes Mindsprint sale to Wipro for US$386 million cash
Lin Daoyi - In a bourse filing on May 15, Mainboard-listed Olam Group has announced the completion of the sale of subsidiary Mindsprint to Wipro, a global technology services and consulting company. Wipro paid US$386 ($492) million in cash for Mindsprint. The sale of Mindsprint, an IT and digital services busin ...
Keppel inks further Bifrost deal with Telstra, in ‘advanced’ talks with more customers
Sharanya Pillai - It aims to sign contracts for the remaining fibre pairs in H1 this year
Winklevoss-founded Gemini shares surge after founders' $100 million lifeline
May 15 : Gemini Space Station shares surged more than 20 per cent in premarket trading on Friday after the cryptocurrency exchange reported a smaller-than-expected quarterly loss and its founders injected $100 million into the business.Shares of the New York-based company were priced at $28 in their ...
At Cannes, filmmakers shift towards cautious acceptance of AI's inevitability
CANNES, France, May 15 : If Xavier Gens had waited until now to make his 2024 Netflix hit "Under Paris" about a giant shark in the Seine, he could have cut the visual effects budget by half and finished up to eight months earlier, the French director told Reuters."I would do it in thr ...
SIA Group passenger traffic rises 7% in April
Deon Loke - SIA, Scoot carried a total of 3.6 million passengers, a 7.5 per cent year-on-year increase
UOL to buy out UOB stake in former Faber House for S$68 million amid Nomad Hotel rebuild
Sharanya Pillai - The new development will have a banking hall at its ground level
Japan’s biggest banks expect another year of record profit
They project earnings will scale new heights as rising interest rates spur loan profitability
JustCo targets S$100 million mainboard IPO to expand into existing and new markets
Ranamita Chakraborty - The GIC-backed company is set to be the second to list on the SGX mainboard this year
LVMH agrees to sell Marc Jacobs brand to WHP, G-III
In a filing, G-III says it plans to invest up to US$425 million in the 50-50 venture
Singapore stocks end lower on Friday; STI down 0.1%
Jude Chan - The worst performer is Venture Corporation, falling 3.1% or S$0.56 to close at S$17.64
Exclusive-At Samsung, the global AI boom spurred a looming strike and deep divisions
SEOUL, May 15 : A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils of the AI boom?More than 45,000 workers are threate ...
Argentum AI signs $2.5 billion data center deal with cloud, real estate firms
May 15 : Argentum AI has signed a deal worth around $2.5 billion with cloud gaming firm Boosteroid and real estate company DL Invest Group for a 300-megawatt data center in Europe, the artificial intelligence infrastructure provider told Reuters on Friday. Under the deal, Argentum said it will deplo ...
How SpaceX stacks up against some of the biggest US IPOs
May 15 : SpaceX is targeting a valuation of roughly $1.75 trillion in its upcoming initial public offering, in what could be the biggest-ever stock market debut by a U.S. company on Wall Street.The listing of Elon Musk-led SpaceX could easily dwarf many of the biggest U.S. IPOs on record, including ...
Exclusive-Reliance-Disney launch legal battle against Indian TV rival over Bollywood films
NEW DELHI, May 15 : India's JioStar, the TV and online entertainment venture of Reliance and Walt Disney, has initiated legal measures against rival Zee Entertainment for alleged unauthorised broadcast of Bollywood films it has the rights to, documents show. Billionaire Mukesh Ambani's Jio ...
Keppel signs definitive 25-year agreement with Telstra for Bifrost cable system
The Edge Singapore - Keppel has signed a definitive agreement with Telstra International to lease its Bifrost subsea cable system for 25 years, formalising a term sheet entered in January. Bifrost, spanning over 20,000 km, is the world’s first subsea cable system directly linking Singapore to the west coast of USA via ...
HSBC committed to its private credit investments after report on US$4 billion pause
Regulators worldwide are more concerned about banks’ exposure to the US$3.5 trillion private credit industry
Polish lawmakers adopt crypto regulation amid multi-million dollar fraud probe
WARSAW, May 15 : Polish lawmakers adopted a bill on Friday regulating cryptocurrencies, as a scandal involving the collapse of the country's biggest exchange deepened and amid a row over how much to supervise the growing sector.The bill implements the European Union's Markets in Crypto-Ass ...
Ackman's Pershing Square takes Microsoft stake, exits Google parent Alphabet
May 15 : Billionaire investor Bill Ackman built a new position in tech giant Microsoft after its stock price dropped recently, and sold his long-owned investment in Google parent Alphabet to help pay for it.Writing on social media platform X, Ackman said the investments will be detailed in a regulat ...
Ackman's Pershing Square takes stake in Microsoft, citing 'compelling' valuation
May 15 : Bill Ackman's hedge fund Pershing Square will disclose a new position in Microsoft later in the day, the billionaire investor said on Friday, arguing that the tech giant sits at a "highly compelling valuation". Ackman's new closed-end fund Pershing Square USA, which debu ...
Hong Kong Q1 GDP expands 5.9% year-on-year, government maintains 2026 growth forecast
HONG KONG: Hong Kong's economy expanded by 5.9 per cent in the first quarter from the same period a year earlier, the government said on Friday (May 15), supported by a surge in exports and private consumption expenditure.The economy grew 4.0 per cent in the fourth quarter of 2025 and 3.1 per c ...
IHH Healthcare and DBS pioneer sustainability-linked loan with responsible antibiotic use incentive
Lin Daoyi - Mainboard-listed IHH Healthcare has secured a $250 million sustainability-linked loan from DBS with a first-of-its-kind facility tied to improvements in antibiotic compliance rates across IHH’s four hospitals in Singapore. Currently, antibiotic “time-outs” (ATO) compliance rates are not consis ...
Britain’s pound, stocks and bonds fall on political uncertainty, global inflation angst
[LONDON] British government bonds, stocks and sterling fell on Friday, as domestic political uncertainty clashed with global worries about an inflationary shock,...
European shares slip as inflation worries keep investors on edge
EUROPEAN shares tumbled on Friday as a deadlock in US-Iran negotiations dented risk appetite, rattled energy markets and rekindled concerns over an economic...
SIA flying into turbulence from fuel costs, Air India losses, but dividends offer upside
Shikhar Gupta - Citi maintains a ‘sell’, while DBS Group Research and CGS International maintain ‘hold’
TSMC plans to sell 152 million shares in chipmaker Vanguard
TAIPEI, May 15 : TSMC, the world's largest contract chipmaker, said on Friday it plans to sell up to 152 million shares in Vanguard International Semiconductor through a block trade to financial institutional investors, reducing its stake in the chipmaker.TSMC said the proposed share sale would ...
Court nod to wind up 1MDB scandal-linked entities paves way for bank claims by foreign liquidators
Tessa Oh - Statutory claims against Standard Chartered, BSI Bank will be filed in ‘short order’
A 'long game': Singapore Airlines committed to Air India despite record US$2 billion loss, says CEO
"We have never had any illusion that it is an easy path," says CEO Goh Choon Phong on SIA's stake in Air India.
Japan's Inpex to buy stake in Australian Browse gas field from PetroChina
MELBOURNE, May 15 : Japan's Inpex said on Friday it would buy PetroChina's 10 per cent stake in the Browse gas fields offshore Western Australia, the country's largest undeveloped gas resource. The Japanese company did not disclose the price it paid for the Chinese giant's 10.67 ...
CDL, DBS launch S$300 million green loan to advance nature-based solutions in Singapore
Chloe Lim - It will be used for general corporate funding and working capital purposes, among others
Transforming Air India ‘definitely not going to be a walk in the park’: SIA chief Goh Choon Phong
Tay Peck Gek - Singapore Airlines is playing a ‘long game’, he adds
Air India investment is ‘a long game’: SIA CEO
Tay Peck Gek - ‘There is no shortcut’ when it comes to the Indian carrier’s transformation, he adds
Memory maker Kioxia sees $8.2 billion Q1 profit on AI boom
TOKYO, May 15 : Japanese memory chipmaker Kioxia said on Friday it expected operating profit for the April-June quarter to reach 1.3 trillion yen ($8.20 billion) as the artificial intelligence boom boosts chip demand. • The maker of NAND flash memory chips reported operating profit rose 92.7 per c ...
Japan's largest lender MUFG logs 438% jump in fourth quarter profit
TOKYO, May 15 : Japan's largest banking group Mitsubishi UFJ Financial Group logged a 438 per cent surge in fourth-quarter profit, it said on Friday.Net profit for the January-March period was 613.7 billion yen ($3.87 billion), up from 114 billion yen over the same period in the previous year.M ...
Second Berlayar condo plot and 1,010-unit New Upper Changi site released for sale
Deon Loke - Analysts see strong interest in both areas
