AvePoint shares three times over-subscribed; opens at $20.20
AvePoint shares opened at $20.20, slightly above its $19.50 issue price, on its SGX debut. The software company, listed on Nasdaq since 2021, sold 13.29 million vendor shares worth $259 million and the offer was more than three times oversubscribed. Forty institutional investors were ultimately allo ...
SoftBank Vision Fund to lay off 20% of employees in shift to bold AI bets, source and memo say
The cuts mark the third round of layoffs at the Japanese investment conglomerate’s flagship fund since 2022
Apple’s higher prices give iPhone doubters reason for optimism
Sluggish sales growth has long been a sticking point for the company
Zixin Group plans to allocate share options at 3 cents each, potentially raising $26.67 million
The Edge Singapore - Zixin Group Holdings plans to grant 889 million share options with an exercise price of 3 cents to a group of investors led by executive chairman and CEO Liang Chengwang. The share options can be exercised up till five years from the issue date. In total, if all the options are exercised, these inve ...
Stocks to watch: ComfortDelGro, Hongkong Land, Boustead Singapore, Rex International
Chloe Lim - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Sep 19):
Bank of Japan to keep interest rates steady as tariff, US slowdown risks loom
[TOKYO] The Bank of Japan is expected to keep interest rates steady on Friday, as policymakers seek more clarity on whether the...
DBS stays 'buy' on Hongkong Land following MCL sale to Sunway; US$7.20 target price under review
DBS Group Research has kept its "buy" call on Hongkong Land, but with its target price of US$7.20 under review for now, following news that it is selling its Singapore property development unit MCL Land to Malaysia's Sunway Group for $737.8 billion. In its Sept 19 note, DBS says that ...
Hongkong Land shares surge following sale of MCL Land to Sunway
Shares of Hongkong Land Holdings jumped by as much as 11.9% following news that it has sold its subsidiary MCL Land to Sunway for $738.7 million. As at 9.33 am, Hongkong Land shares changed hands at US$7.29, up 11.13%. It had earlier touched US$7.44. DBS Group Research has kept its "buy" c ...
Nvidia spent over US$900 million to hire Enfabrica CEO, license technology, CNBC reports
NVIDIA has spent over US$900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and...
South Korea central bank to expand forward guidance on policy rate path
[SEOUL] The Bank of Korea (BOK) plans to expand its forward guidance scheme by offering a dot plot of the likely path...
Japan's core inflation slows in August, stays above BOJ target
TOKYO : Japan's core consumer prices rose 2.7 per cent in the year to August, data showed on Friday, staying above the central bank's 2 per cent goal but marking the slowest pace in nine months in a sign households are getting some respite from rising living costs.The data will be among fa ...
Brokers’ Digest: Hong Leong Asia, Marco Polo Marine, Pan-United Corp, SIA Engineering, UOL
The Edge Singapore - Hong Leong Asia Price target: UOB Kay Hian ‘buy’ $2.82 Associate BRC Asia’s stake is now more valuable Adrian Loh of UOB Kay Hian has maintained his “buy” call and raised his target price for Hong Leong Asia (HLA) from $2.63 to $2.82, citing multiple growth drivers across its various busin ...
Zijin Gold seeks HK$25 billion in world’s biggest IPO since May
The gold producer is coming to market at a time prices of the precious metal extend their rise, it broke another record...
EU’s narrative ‘narrow’, China a ‘champion’ of globalisation and Singapore’s success ‘artificial’: Mahbubani
Kishore Mahbubani, Singapore’s former ambassador to the United Nations, is unafraid in his views, having written 12 books — with at least half focused on China or Asia’s rise over a declining West in the 21st century. “I find that when I speak to Western audiences, they have been trapped in ...
How Intel's Nvidia deal could help Intel's next generation of chip manufacturing
SAN FRANCISCO :Nvidia's deal with Intel could put the struggling chipmaker's next-generation manufacturing technology on a stronger footing, even without a direct commitment from the AI chip leader to use that technology to make its own chips, analysts said.Nvidia on Thursday invested $5 b ...
Trump says to speak to Xi about TikTok
US PRESIDENT Donald Trump confirmed he would speak to Chinese counterpart Xi Jinping on Friday about a deal to change ownership of...
US regulator sues Ticketmaster over ‘illegal’ ticket schemes
A TOP US regulator on Thursday sued Ticketmaster and its parent company Live Nation, alleging the ticketing giant conspired with brokers to...
Stocks rise on Nvidia-Intel deal, Fed rate cut
NEW YORK: Stock markets advanced on Thursday (Sep 18), as tech shares jumped following AI chips giant Nvidia's announcement of a US$5 billion investment in struggling US rival Intel, an
Nvidia spent over $900 million to hire Enfabrica CEO, license technology, CNBC reports
Nvidia has spent over $900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup and to license the company's technology, CNBC reported on Thursday.The AI chip giant is paying in cash and stock, CNBC said, citing two people familiar with the ...
FedEx sees sales growth in sign of parcel demand rebound
The company expects revenue to grow by as much as 6% this year compared with a 1.2% average gain forecast by analysts
Oil prices settle lower, US economic concerns outweigh Fed rate cut
[NEW YORK] Oil prices eased on Thursday, settling lower as traders remained worried about the US economic outlook a day after the US Federal...
Europe: Chip-led technology rally drive Stoxx 600 higher after Fed rate cut
EUROPEAN shares ended on Thursday on a strong note in a chipmaker-driven rally, further powered by the resumption of the US Federal...
US: Stocks end at record highs after Fed rate cut, Nvidia-Intel deal
US EQUITY indices finished at fresh records on Thursday following the Federal Reserve’s first interest rate cut of 2025 while Intel surged...
oneworld Alliance considers Indian partner as market expands
NEW YORK :The oneworld Alliance, an airline group with 15 members ranging from American Airlines to Qantas Airways, is considering an Indian airline partner as the market continues to grow, its chief executive said."India is a market that we collectively have interest in finding somebody," ...
Capital One settles social media creators' lawsuit
Capital One settled a lawsuit by social media creators who said a free browser extension used by millions of people to find discounts stole their sales commissions when shoppers bought their products and services.The sixth-largest U.S. commercial bank and the creators jointly filed a settlement noti ...
BOJ to keep interest rates steady as tariff, US slowdown risks loom
TOKYO :The Bank of Japan is expected to keep interest rates steady on Friday, as policymakers seek more clarity on whether the economy can withstand U.S. President Donald Trump's tariffs and growing signs of weakness in the American economy.The BOJ's meeting comes in the wake of the U.S. F ...
Lyft pays $19.4 million to New Jersey over driver misclassifications
Lyft has paid $19.4 million to New Jersey after an audit found the ride-sharing company improperly classified more than 100,000 drivers as independent contractors, state officials said on Thursday.Officials including state Attorney General Matthew Platkin said Lyft made the payment after withdrawing ...
Lyft paid $19.4 million to New Jersey over driver misclassifications
Lyft has paid $19.4 million to New Jersey after an audit found the ride-sharing company misclassified more than 100,000 drivers as independent contractors, state officials said on Thursday.Officials including New Jersey Attorney General Matthew Platkin said Lyft made the payment after withdrawing it ...
Trump's AI plan supports antitrust enforcement, DOJ official says
NEW YORK :U.S. antitrust enforcers are on guard against anticompetitive behavior in the artificial intelligence sector as part of the Trump administration's plan to cement U.S. AI dominance, a Department of Justice official said in New York on Thursday.Protecting competition in the industry sup ...
Amber from Ecuador reveals insects from the age of dinosaurs
WASHINGTON :Amber found in the Amazon forest region of Ecuador containing a trove of well-preserved fossils of wasps, midges, flies, beetles and other insects is giving a glimpse of a Cretaceous Period ecosystem in South America crawling with activity 112 million years ago during the age of dinosaur ...
Google adds Gemini to Chrome browser after avoiding antitrust breakup
Google will integrate Gemini into its Chrome browser for users in the U.S. starting Thursday, just weeks after a federal judge spared the company from a forced breakup in an antitrust case.Alphabet-owned Google won't have to sell the browser, a judge in Washington said earlier this month, handi ...
Cybersecurity firm Netskope notches $8.8 billion valuation as shares jump in Nasdaq debut
Cybersecurity firm Netskope commanded an $8.79 billion valuation as its shares jumped 21 per cent in their Nasdaq debut on Thursday, adding to a string of successful tech IPOs this year.The Santa Clara, California-based company's shares opened at $23 apiece, well above the $19 offer price. Nets ...
Cybersecurity firm Netskope fetches $8.8 billion valuation as shares jump in Nasdaq debut
Cybersecurity firm Netskope commanded an $8.79 billion valuation as its shares jumped 21 per cent in their Nasdaq debut on Thursday, adding to a string of successful tech IPOs this year.The Santa Clara, California-based company's shares opened at $23 apiece, well above the $19 offer price. Nets ...
Cybersecurity firm Netskope valued at $8.79 billion as shares rise in Nasdaq debut
Shares of Netskope rose over 21 per cent in their debut on Nasdaq on Thursday, giving the cybersecurity firm a market capitalization of $8.79 billion.The Santa Clara, California-based company's shares opened at $23 per share, compared with the offer price of $19.Netskope raised $908.2 million i ...
