Exclusive-Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say
HOUSTON/NEW YORK/LONDON, Jan 16 : Oil major Shell and Japanese conglomerate Mitsubishi Corp are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the matter told Reuters.The moves come as owners of the massive lique ...
Musk and Ryanair CEO clash over cost of Starlink Wi-Fi on planes
Jan 16 : Elon Musk on Friday called Ryanair CEO Michael O'Leary an "utter idiot" who should be fired, escalating a public spat that began after the airline boss ruled out installing Musk's Starlink internet service on Ryanair aircraft.O'Leary on Wednesday dismissed the idea ...
OpenAI to begin testing ads in ChatGPT's free and Go tiers in US
Jan 16 : OpenAI said on Friday it plans to start testing ads in its chatbot ChatGPT's free and Go tiers, for users in the U.S. in the coming weeks.Microsoft-backed OpenAI plans to test ads at the bottom of the answers in ChatGPT when there is a relevant sponsored product or service based on the ...
Black Sea CPC crude offers drop amid drone strikes
LONDON/MOSCOW, Jan 16 () - Offer prices for Caspian CPC Blend crude oil dropped sharply this week, according to trade sources, as exports of the grade continue to be impacted by drone strikes in the Black Sea and weather-related delays. ExxonMobil, which is a shareholder in the Caspian Pipeline Con ...
Database management firm ClickHouse valued at $15 billion amid AI boom
Jan 16 : Database management company ClickHouse was valued at $15 billion in its latest funding round , Chief Executive Aaron Katz said on Friday, as investors placed a fresh bet on companies riding the AI boom.The company raised $400 million in a series D round led by Dragoneer Investment Group wit ...
ClickHouse valued at $15 billion as database analytics firm rides AI wave
Jan 16 : Database management company ClickHouse was valued at $15 billion in its latest funding round, CEO Aaron Katz said on Friday, as investor enthusiasm for companies related to the artificial intelligence boom spills over into the new year.The firm raised $400 million in a series D round led by ...
Maybank applies to place Dasin Retail Trust’s manager under judicial management
Benicia Tan - This comes after four subsidiaries received court summonses over Companies Act breaches
Elon Musk's X largely back up after outage affects thousands worldwide
Jan 16 : Elon Musk's X was mostly restored after an outage impacted tens of thousands of users globally on Friday, according to Downdetector.com.At the peak, there were more than 74,000 reports of issues with the social media platform in the United States around 10.14 a.m. ET, data from the out ...
Elon Musk's X down for tens of thousands of users globally, Downdetector shows
Jan 16 : X was down for tens of thousands of users worldwide on Friday, according to outage tracking website Downdetector.com.There were more than 41,000 reports of issues with the social media platform as of 10:35 a.m. ET in the United States, according to Downdetector, which tracks outages by coll ...
Stamford Land unit is being sued over alleged defects in Sydney project
Benicia Tan - The claims involve alleged deficiencies in the design and construction of Macquarie Park Village
S&P 500, Nasdaq open higher as chip stocks extend rally
[NEW YORK] The S&P 500 and the Nasdaq opened stronger on Friday (Jan 16) as chipmakers returned to the driver’s seat in...
JPMorgan eclipses Dimensional as world’s biggest active ETF firm
The bank’s asset management arm currently controls nearly US$257 billion in active ETFs worldwide
New map reveals hidden landscape under Antarctica's ice sheet
WASHINGTON, Jan 16 : Scientists have devised the most detailed map to date of the terrain hidden below the vast ice sheet blanketing Antarctica, uncovering an exuberant landscape of mountains, canyons, valleys and plains while discerning for the first time tens of thousands of hills and other smalle ...
Tesla gets 5-week extension in US probe of Full Self-Driving traffic violations
Jan 16 : U.S. auto safety regulators have granted Tesla a five-week extension to respond to an investigation into whether its vehicles violated traffic laws while the Elon Musk-led company's Full Self-Driving system was engaged.The National Highway Traffic Safety Administration said on Friday i ...
Mitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion
This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there
Porsche sales slump most in 16 years on poor China demand
Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets
Let Powell and the Fed do their jobs
Michael Bloomberg / Bloomberg - The White House’s latest escalation of pressure on the Federal Reserve is a new and dangerous overreach. For the country’s sake — and, by the way, to avoid the collapse in popular support that would likely follow a severe financial-market backlash — the administration needs to think again. U ...
The FTSE REIT Index is a laggard, but why?
Goola Warden - The FTSE REIT Index’s technical chart pattern promises much but the index has failed to break out. Prices continue to hover around the top of the base formation at 720 - give or take. On Jan 16, the FTSE REIT Index closed at 721. This is in contrast - some may say sharp contrast to the FTSE RE Ind ...
Suspension of work orders lifted for Southern Alliance Mining’s joint operation in Malaysia
Nicole Lim - Southern Alliance Mining (SAM) says that the temporary suspension of work orders issued by the Minerals and Geoscience Department and the Department of Environment on its 40%-owned joint operation, MCRE Resources (MCRE), have been lifted on Jan 15. The suspension orders were issued based on eight is ...
About 30 SGX listcos show early interest in Value Unlock programme to lift valuations
Koh Kim Xuan - Market participants say weak disclosure and poor investor engagement often drive mispricing on the exchange – gaps the initiative aims to close
Starlink-rival Eutelsat signs deal with Europe's MaiaSpace to launch satellites
Jan 16 : European satellite operator Eutelsat said on Friday it had signed a deal with French space startup MaiaSpace for the future launches of its low Earth orbit (LEO) satellites, in a major strategic boost for Europe as it seeks to catch up with U.S. rival SpaceX.The agreement with MaiaSpace, a ...
Intel extends comeback as investors bet on foundry growth
The stock is up 31% to start 2026, the third-best performance in the S&P 500 Index
India's Tata Tech has quarterly profit plummet 96% on one-time labour code charge
Jan 16 : Engineering research and development (ER&D) firm Tata Technologies reported a 96 per cent drop in third-quarter profit on Thursday, hurt primarily by a one-time charge tied to India's new labour codes, their largest such drop since the company's 2023 market debut.Going forward ...
FitzWalter Capital sweetens buyout bid for Auction Technology to $658 million
Jan 16 : Auction Technology Group's biggest shareholder FitzWalter Capital raised its buyout proposal for the British online auction operator to 491 million pounds ($658.4 million) on Friday after repeated rejections.The increase to 400 pence per share follows the rejection of 11 previous propo ...
Mapletree Industrial Trust receives “AA-” credit rating with stable outlook from JCR and R&I
Nicole Lim - Mapletree Industrial Trust (MIT) has been assigned “AA-” credit ratings with stable outlook from Japan Credit Rating Agency (JCR) and Rating and Investment Information (R&I). JCR has issued a “AA-” foreign currency long-term issuer rating, and “AA-” for local currency long-term issue ...
Foreigners sell Asian equities in December on worries over valuations
They have sold local stocks worth US$1.2 billion in India, Taiwan, South Korea, Thailand, Indonesia, Vietnam and the Philippines
SIA, Air India ink pact for commercial cooperation
Benicia Tan - The airlines are exploring ways to enhance privileges beyond the current Star Alliance and KrisFlyer programmes
Bank of Japan says sales of its ETF holdings to start next week
The bank is set to unload the assets little by little to avoid roiling markets
India's Tech Mahindra beats quarterly revenue view on manufacturing strength
BENGALURU, Jan 16 : Indian software services provider Tech Mahindra reported bigger-than-expected third-quarter revenue on Friday, aided by growth in its communications and manufacturing segments.Revenue at India's fifth-largest IT firm rose 8.3 per cent to 143.93 billion rupees ($1.58 billion) ...
Secura Group awarded contract to provide manpower for enforcement services worth $21.2 mil
Nicole Lim - Secura Group has been awarded a contract with a total value of $21.2 million from a Singapore government agency to provide manpower to support enforcement services. The contract has an initial term of 36 months effective April 1 to March 31, 2029 with an option to extend for another two years. The g ...
Wipro lags rivals with soft deal wins, weak fourth-quarter view
BENGALURU, Jan 16 : India's fourth-largest IT services firm Wipro forecast weaker-than-expected revenue growth for the current quarter on Friday after deal bookings fell to a six-quarter low in the December period, sending its U.S.-listed shares down as much as 7.2 per cent.The muted outlook ca ...
India's Wipro beats third-quarter revenue view
BENGALURU, Jan 16 : Wipro reported better-than-expected third-quarter revenue on Friday, driven by growth in a part of its Americas business, which includes its communications, health and consumer segments. Consolidated sales for the December quarter rose 5.54 per cent to 235.56 billion rupees ($ ...
India's Wipro beats third-quarter revenue view on communications segment strength
BENGALURU, Jan 16 : Wipro reported better-than-expected third-quarter revenue on Friday, driven by growth in a part of its Americas business, which includes the communications, health and consumer segments. Consolidated sales for the December quarter rose 5.54 per cent to 235.56 billion rupees ($ ...
Fullerton Fund Management buys 330,300 shares in SATS, deemed interest increased to 40.01%
Nicole Lim - Fullerton Fund Management has increased its stake in SATS Ltd by purchasing 330,300 shares via market transaction on Jan 12. Fullerton paid $1,261,911.15 for the shares purchased, thereby increasing its deemed interest in SATS from 39.99% to 40.01%. Fullerton is an independently managed Temasek Hold ...
