Oracle hires Schneider Electric's Maxson as CFO amid AI spending boom
April 6 : Oracle on Monday named Hilary Maxson as its chief financial officer, tapping an executive with deep experience in infrastructure and energy as it ramps up investments to meet surging demand for artificial intelligence and cloud services.The appointment, which reinstates a crucial position ...
Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending
April 6 : Oracle on Monday appointed Hilary Maxson as chief financial officer, tapping an executive with experience in infrastructure and energy to steer its efforts to meet surging demand for artificial intelligence and cloud services.The appointment comes as the technology company has been taking ...
Oracle appoints Hilary Maxson as CFO
April 6 : Oracle said on Monday it had appointed Hilary Maxson as chief financial officer, effective immediately.Maxson joins when demand for AI computing, cloud databases is outpacing available capacity, pushing the company to accelerate investments in data centers and infrastructure.Before joining ...
BlackRock plans challenger to Invesco’s US$374 billion crown jewel
The iShares Nasdaq 100 ETF would follow the technology-heavy index and trade under the ticker IQQ
Nam Cheong bags RM102.5 million in vessel charter contracts
Ry-Anne Lim - This brings the group’s long-term coverage to 69%, just shy of its 70% target
JPMorgan CEO Jamie Dimon warns Iran war may drive inflation and interest rates higher
Dimon highlights major risks, citing wars in Ukraine and the Middle East alongside China tensions
Iran war pressures Singapore’s tech sector to focus on energy efficiency, diversification
Young Zhan Heng - Current operations of semiconductor and data centre players are largely unaffected due to existing contracts and inventory buffers
Prime US Reit signs 40,000 sq ft lease at Class A office building in Colorado
Ry-Anne Lim - The 11-year lease with S&P Global will take the building’s committed occupancy to 80% from 63%
Prime US REIT signs S&P Global as tenant for 11 years
The Edge Singapore - Prime US REIT has signed an 11-year lease for a 40,000 square feet space with S&P Global at one of its properties in Colorado. With this lease, the committed occupancy of Village Center Station I in Greenwood Village, Denver, will increase from 63% to around 80%. This signing follows a series of ...
Singapore businesses prefer government aid to offset Iran war costs: SCCCI poll
Koh Kim Xuan - About 61% also want better access to low-interest working-capital loans
Singapore launches C3T to boost business competitiveness in climate transition
Lin Daoyi - Seeking to enhance Singapore firms’ competitiveness and resilience to climate risks, Singapore is establishing the Council for a Competitive Climate Transition (C3T), a new public-private collaboration led by the country’s National Climate Change Secretariat (NCCS) and the Singapore Business Fed ...
US crude premiums climb to record levels as Asia, Europe compete for supply
The jump in crude prices is driving up costs and widening losses for refiners on both continents
Hong Leong Holdings to launch Tengah Garden Residences with prices from S$1,779 psf
Chong Xin Wei - The first private project in the precinct comprises 863 units in nine 16-storey blocks
Indonesia to let airlines increase fuel surcharges as aviation costs soar
Elisa Valenta - Aviation fuel prices have surged about 70% in Indonesia, triggered by the Iran war
US ends probe into Tesla remote driving feature after software updates
WASHINGTON, April 6 : The U.S. National Highway Traffic Safety Administration said on Monday it closed a probe into nearly 2.6 million Tesla vehicles over a feature allowing users to move cars remotely after finding it was linked only to low-speed incidents.The agency opened the probe into the " ...
US regulator ends probe into Tesla's 'actually smart summon' feature after software fixes
April 6 : The U.S. National Highway Traffic Safety Administration (NHTSA) said on Monday it has closed its investigation into Tesla's so-called "actually smart summon" feature, which covered about 2.59 million vehicles.The feature allows users to remotely move vehicles over short dist ...
Iran war raises urgency of climate transition, says Ravi Menon
Janice Lim - He is one of two co-chairs of a platform set up to help busineses beef up their climate resilience and competitiveness
Singapore sets up platform to better coordinate companies’ climate resilience initiatives
Janice Lim - The Council for a Competitive Climate Transition will work on the new national adaptation plan, among others
SMFG, Nippon Life in talks to set up 500 billion yen private credit fund: sources
The fund will provide loans for leveraged buyouts and other areas such as real estate transactions and mezzanine financing
Indonesia to allow airlines to raise fares by up to 13%
The policy would be in effect for the next two months and is subject to further evaluations
4,000 jobseekers placed on unemployment benefits scheme last year, out of 10,000 applications
Former contract workers and the long-term unemployed are among the jobless individuals who may not be covered by the scheme.
Indian IT firms face subdued fourth quarter as war, AI concerns persist; weak rupee helps earnings
BENGALURU, April 6 : Top Indian information technology firms are set to report another lacklustre quarter, with revenue and profit seen rising around 10 per cent year-on-year largely on a weaker rupee rather than underlying growth, seven brokerages said.Uncertainties due to wars, weak discretionary ...
PhillipCapital replaces Singtel with Sembcorp in latest quarterly portfolio
The Edge Singapore - The PhillipCapital research team has replaced Singapore Telecommunications with Sembcorp Industries in its latest quarterly "Absolute 10" portfolio, on the premise that the latter's pending $4.8 billion acquisition of Alinta Energy will drive earnings growth ahead. "Gas trading o ...
Parliament to discuss cushioning S’pore from impact of Middle East conflict; 3 ministers to speak
[SINGAPORE] Measures to cushion the impact of the conflict in the Middle East on Singaporeans will be discussed in Parliament on Tuesday...
New senior counsel Danny Ong calls on lawyers to dare to be unconventional in modern legal landscape
Tessa Oh - He recommends a skill set that is more holistic, than one based on just technical proficiency
Thailand to control crude palm oil exports, bottled prices starting April 7
The measure takes effect on Tuesday and will remain in force for one year
BOJ says regional economies could worsen due to fallout of Middle East conflict
TOKYO, April 6 : The Bank of Japan said on Monday some regional economies could worsen due to surging oil prices and supply disruption brought about by conflict in the Middle East."As uncertainty heightens, some firms worried that rising prices mainly for energy could hurt corporate profit and ...
BOJ warns of economic hit from Middle East conflict
TOKYO: The Bank of Japan said surging oil costs and supply disruptions brought about by the Middle East conflict could hurt the economy, signalling caution over downside risks to growth that may prod it to tread cautiously in raising interest rates.The assessment, made in a report based on findings ...
Citigroup pushes back Fed rate cut timeline after strong job numbers
CITIGROUP has pushed back its Fed rate-cut timeline, citing unexpectedly strong US job gains and persistent inflation risks.
Citigroup pushes back Fed rate cut timeline after strong US job numbers
Downside risks for the labour market are mounting from a war with Iran that has no clear end in sight
Tengah’s first private residential development to begin previews on April 11
Jovi Ho - Hong Leong Holdings will preview the 863-unit Tengah Garden Residences from April 11. The project marks the first private residential development with retail amenities in Tengah New Town. Jointly developed by Hong Leong Holdings, GuocoLand and CSC Land Group, sales bookings will commence on April 25 ...
Singapore retail sales jump 8.3% in February, boosted by Chinese New Year
Elysia Tan - Sales grow in most categories on a yearly basis
uSmart starts GuocoLand at ‘buy’ with a target price promising 30% upside
Jovi Ho - Local digital brokerage platform uSmart has initiated coverage on Mainboard-listed property developer and investor GuocoLand with a “buy” call and $3.17 target price, which represents an upside of more than 30% against its current traded price. In a March 30 initiation report, analyst Ng Xin Yan ...
Singapore property investment sales hit record S$15.4 billion in Q1, but Iran war could derail momentum: Knight Frank
Deon Loke - Transaction figures jump 166.5% year on year amid lower interest rates
