Activist investor Jana Partners pushes Alkami Technology to explore sale, Bloomberg News reports
Dec 9 : Activist investor Jana Partners has urged Alkami Technology, a fintech provider for banks and credit unions, to explore a sale to a rival or private equity firm, Bloomberg News reported on Tuesday.The company was trading at a "substantial discount" with its stock falling 40 per cen ...
US bank executives say AI will boost productivity, cut jobs
NEW YORK, Dec 9 : U.S. banks including JPMorgan Chase and Wells Fargo said artificial intelligence will boost productivity at their companies and likely cause job losses. JPMorgan Chase's consumer and community banking chief Marianne Lake said at the Goldman Sachs financial services ...
SpaceX to pursue 2026 IPO raising above $25 billion, source says
Dec 9 : Elon Musk's SpaceX is pursuing an initial public offering next year, looking to raise more than $25 billion, with a valuation over $1 trillion, a source familiar with the matter told Reuters on Tuesday.SpaceX has started discussions with banks about the public listing, which could be ar ...
SpaceX to pursue 2026 IPO raising above $30 billion, Bloomberg News reports
Dec 9 : Elon Musk's SpaceX is moving ahead with plans for an initial public offering that would seek to raise significantly more than $30 billion and target a valuation of about $1.5 trillion, Bloomberg News reported on Tuesday.SpaceX's management and advisers are pursuing a listing as soo ...
OpenAI taps Slack CEO Denise Dresser as chief revenue officer
Dec 9 : OpenAI on Tuesday appointed Slack CEO Denise Dresser as its chief revenue officer, as the ChatGPT maker looks to expand its enterprise business.Dresser will oversee OpenAI's global revenue strategy, including enterprise sales and customer success. At Slack, she led the messaging platfor ...
Oracle's OpenAI reliance faces scrutiny as debt-fueled AI buildout raises worries
Dec 9 : Months after Oracle's $400 billion-plus contract backlog ignited a stock-market frenzy, the enthusiasm has given way to doubts about its reliance on OpenAI and debt-fueled datacenter buildout, which will dominate its earnings on Wednesday.A smaller player in the cloud market for a long ...
US dollar rises after jobs data; Fed cut expected but hawkish comments likely
NEW YORK, Dec 9 : The U.S. dollar advanced on Tuesday as better-than-expected job-market figures underscored a still resilient labor market ahead of the Federal Reserve's anticipated rate cut, with policymakers likely to emphasize inflation risks that could constrain further easing moves.Market ...
US dollar gains after jobs report, as Fed decision nears
LONDON/NEW YORK, Dec 9 : The U.S. dollar rose on Tuesday ahead of an expected rate cut from the Federal Reserve on Wednesday, while the Australian dollar was firmer after its central bank ruled out more easing. Markets are anticipating a rate cut from the Fed, and preparing for several more ...
Scientists discover secrets of ancient Roman concrete at Pompeii
Dec 9 : Scientists excavating the ruins of Pompeii have discovered a construction site left frozen in time by the eruption of Italy's Mount Vesuvius volcano in 79 AD, clarifying the ingredients and methods behind the durable self-healing concrete the ancient Romans used to revolutionize archite ...
Exclusive-Wikipedia operator taps former US Ambassador to Chile for CEO role
Dec 9 : Wikimedia Foundation, the operator of Wikipedia, on Tuesday named Bernadette Meehan its chief executive officer, tapping an administrator with deep policy expertise and federal government experience to lead the online encyclopedia.Meehan, who most recently served as the U.S. Ambassador to Ch ...
Spotify expands music videos access to premium users in US, Canada to take on YouTube
Dec 9 : Spotify said on Tuesday it is making music videos available to premium subscribers in the U.S. and Canada, as the Swedish streaming giant challenges YouTube for market share.Video content offers a more immersive and engaging experience than audio alone, which could help attract more users an ...
LMIRT launches rights issue to raise S$63 million
Janice Lim - Most of the proceeds will go towards paying off loans; some of it will be used for general working capital
Wall Street subdued at open as Fed rate cut decision nears
[NEW YORK] Wall Street’s main stock indexes were subdued at the open on Tuesday (Dec 9) as investors awaited the Federal Reserve’s...
Accenture, Anthropic strike multi-year partnership to boost AI adoption
Dec 9 : Accenture and Anthropic on Tuesday announced an expansion of their partnership through a new business group where around 30,000 of the consulting giant's employees will be trained on the AI startup's Claude model. The tie-up reflects enterprise efforts across industries to upskill ...
Identity-security firm Saviynt valued at about $3 billion in latest funding round
Dec 9 : Identity-security company Saviynt said on Tuesday it was valued at about $3 billion in a funding round led by U.S. investment firm KKR, amid companies bolstering their security tools in the face of rising AI-driven threats.The firm raised $700 million in the round, which was joined by Sixth ...
The Trendlines Group enters subscription agreement with 11 investors; raises $3.42 mil
Nicole Lim - The Trendlines Group has entered into a subscription agreement with 11 subscribers for a total of 51,447,751 new ordinary shares at 6.666 cents per share. This will result in gross proceeds raised of about $3.42 million. This proposed subscription is not underwritten and there is no placement agent ...
Microsoft unveils US$23 billion in new AI investments with big focus on India
Microsoft will spend US$17.5 billion in India
UltraGreen.ai lead ID Hsieh Fu Hua snaps up 180,000 shares at US$1.39 each
The Edge Singapore - Hsieh Fu Hua, lead independent director of newly-listed UltraGreen.ai, bought 180,000 shares from the open market on Dec 9 at US$1.39 each. Previously, Hsieh, a former CEO of SGX, did not hold any UltraGreen.ai shares, which were sold at its recent IPO at US$1.45 each. UltraGreen.ai made its trading ...
Reliance-Disney's JioHotstar to invest $444 million in south Indian content, executive says
CHENNAI, Dec 9 : India's JioHotstar plans to invest $444 million over five years to acquire and produce content from south India, an executive said on Monday, as the Walt Disney and Reliance Industries-owned streaming platform seeks to capitalize on growing demand for regional cinema.The expans ...
Lippo Malls Indonesia Retail Trust plans $63 million rights issue
Nicole Lim - Lippo Malls Indonesia Retail Trust (LMIRT) has launched a rights issue of just over 9 billion new units to raise gross proceeds of up to approximately $63 million. LMIRT aims to use the proceeds to repay existing loans and related financial obligations, for capital expenditure and general working ca ...
Lippo Malls Indonesia Retail Trust proposes rights issue of 9,005,267,676 new units to raise $63 million
Nicole Lim - Lippo Malls Indonesia Retail Trust (LMIRT) has launched a rights issue of 9,005,267,676 new units to raise gross proceeds of up to approximately $63 million. LMIRT aims to use the proceeds to repay existing loans and related financial obligations, for capital expenditure and general working capital ...
BMW names veteran Nedeljkovic as CEO to tackle China, Tesla
His CEO contract runs until 2031
Globalisation ‘is gone’, plurilateralism on the rise, says Temasek chief
Renald Yeo - Cooperative arrangements gain prominence as governments build alternative trade and investment links
Microsoft to invest $17.5 billion in India, CEO Nadella says
Dec 9 - Microsoft will invest $17.5 billion in India, its chief executive Satya Nadella said on social media platform X on Tuesday, as global behemoths race to build infrastructure in one the world's fastest growing digital markets.
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences
Mainboard debutants YZJ Maritime, Centurion Accommodation Reit among additions to iEdge Singapore Next 50 indices
Chloe Lim - The combined weightage of these two counters and Golden Agri-Resources will be around 9%
Apac airlines to increase net profit by 6.5% to US$6.6 billion in 2026: Iata
Chloe Lim - But overcapacity remains a challenge in the region, putting pressure on yield
Trafigura lifts dividend payments in 2025 despite lower net profits
LONDON, Dec 9 : Global commodities trading house Trafigura raised its dividends by 50 per cent to almost $3 billion in 2025, despite a small drop in net profits after a second consecutive year of recording high impairments.Trafigura's net profit fell 3 per cent to $2.67 billion in its 2025 fina ...
Meta stake in Ray-Ban maker EssilorLuxottica 'at least 3%', board director says
PARIS, Dec 9 : Facebook-owner Meta holds at least a 3 per cent stake in EssilorLuxottica, a board director at the European firm behind Ray-Ban glasses said on Tuesday.The Meta stake has previously been reported from sources but not confirmed by either firm. The two companies are working closely toge ...
EssilorLuxottica director says Meta's stake in Ray-Ban maker 'at least 3%'
PARIS, Dec 9 : Facebook-owner Meta holds at least a 3 per cent stake in EssilorLuxottica, a board director at the European firm behind Ray-Ban glasses said on Tuesday.The Meta stake has previously been reported from sources but not confirmed by either firm. The pair are working closely together on R ...
BOJ’s Ueda says Japan is getting closer to sustainable inflation
Markets bet the central bank will lift rates to 0.75%, the highest since 1995, on Dec 19
Microsoft unveils $23 billion in new AI investments with big focus on India
BENGALURU, Dec 9 : Microsoft on Tuesday unveiled about $23 billion in new artificial intelligence investments, with the bulk earmarked for India as it deepens its bet on one of the world's fastest-growing digital markets.As part of the move, Microsoft will spend $17.5 billion in India in its la ...
Microsoft to invest more than $5.4 billion in Canada to boost AI infrastructure
Dec 9 : Microsoft said on Tuesday it is investing more than C$7.5 billion ($5.42 billion) in Canada over the next two years, as the tech giant focuses on expanding its cloud and artificial intelligence infrastructure footprint. New capacity under the investment will begin to come online in the secon ...
Microsoft to invest more than $5 billion in Canada over next two years
Dec 9 : Microsoft said on Tuesday it is investing more than C$7.5 billion ($5.42 billion) in Canada over the next two year, as the tech giant focuses on building out its cloud and AI infrastructure footprint. ($1 = 1.3841 Canadian dollars)
