Hitachi considering to sell Japanese home appliance business, Nikkei reports
Japanese conglomerate Hitachi is considering selling its domestic home appliance business in a deal worth around 100 billion yen ($679.49 million) or more, the Nikkei newspaper reported.One of the potential suitors expressing interest in the deal is South Korea's Samsung Electronics, Nikkei add ...
Amazon overhauls Wondery podcast studio, cuts 110 jobs
Amazon.com is restructuring the Wondery podcast studio by shifting its award-winning narrative podcasts such as "Business Wars" to Audible and consolidating creator-led shows into a new unit, according to a memo seen by Reuters.About 110 employees will be laid off as part of the process, w ...
Bosch's India unit posts higher quarterly profit on strong auto parts sales
Bosch reported a higher first-quarter profit on Monday, helped by strong sales of spare auto parts to passenger and off-highway vehicles as well as demand for its consumer electronic goods. The Indian unit of German automotive supplier Robert Bosch reported a pre-tax adjusted profit of 8.38 billion ...
Exclusive-Genstar explores $5 billion sale of automotive software maker OEConnection, sources say
Genstar Capital is exploring a sale of OEConnection, which it aims to value the automotive software provider also backed by Ford and General Motors at as much as $5 billion, including debt, people familiar with the matter said.The private equity firm has tapped investment bankers at Evercore to advi ...
EU to suspend US tariff countermeasures for 6 months
BRUSSELS: The European Union will suspend its two packages of countermeasures to US tariffs for six months following a deal with US President Donald Trump, a Commission spokesperson said on Mon
Lendlease Global Commercial Reit posts 1.8% higher DPU of S$0.018 for H2 FY2025
Tay Peck Gek - This is due to improved performance of its Singapore properties and lower finance costs, says manager
Spotify to raise premium subscription price in select markets from September
Investors and record labels have been encouraging Spotify to raise prices further to capitalise on demand
Satellite firm SES wins $90 million contract to support US Army
SES has won an $89.6 million contract to provide its commercial satellite communications (COMSATCOM) services to the U.S. army, the European satellite company said on Monday.Its SES Space & Defense subsidiary has been awarded the five-year deal, the company said. It will supply its strategic tra ...
Tower Semiconductor forecasts quarterly revenue above estimates on steady chip demand
Israeli contract chipmaker Tower Semiconductor forecast third-quarter revenue above Wall Street expectations on Monday, driven by steady demand for its chips used in the automotive and industrial markets.The company's U.S.-listed shares were up 5 per cent in early trading.Tower Semiconductor ha ...
US: Wall Street opens higher following Friday's dramatic selloff
WALL Street’s main indexes opened higher on Monday (Aug 4) after a sharp pullback in the previous session, as markets priced in...
Lendlease Global Commercial Reit to divest office component of Jem to Keppel for S$462 million
Tay Peck Gek - Net proceeds from the divestment will be used to predominantly repay certain loans
Google agrees to curb power use for AI data centers to ease strain on US grid when demand surges
NEW YORK, August 4 :Google has signed agreements with two U.S. electric utilities to reduce its AI data center power consumption during times of surging demand on the grid, the company said on Monday, as energy-intensive AI use outpaces power supplies.Utilities in the country have been inundated wit ...
Emerging market funds adjust bets as ‘sell the dollar’ trade loses appeal
Bets that the US dollar will continue to fall pushed the MSCI emerging market equity index to a more than three-year high...
Lendlease Global Commercial REIT FY2025 DPU down 6.9% y-o-y; Jem office to be divested to Keppel's private funds
Nicole Lim - Lendlease Global Commercial REIT (LREIT) has reported a distribution per unit (DPU) of 3.60 cents for the FY2025 ended June 30, down 6.9% y-o-y. For the 2HFY2025, DPU grew 1.8% y-o-y to 1.80 cents. LREIT’s gross revenue for the full year similarly declined 6.5% y-o-y to $221 million, but grew 1.9% ...
Lendlease Global Commercial REIT full year DPU down 6.9% y-o-y; Jem office segment to be divested
Nicole Lim - Lendlease Global Commercial REIT (LREIT) has reported a distribution per unit (DPU) of 3.60 cents for the FY2025 ended June 30, down 6.9% y-o-y. For the 2HFY2025, DPU grew 1.8% y-o-y to 1.80 cents. LREIT’s gross revenue for the full year similarly declined 6.5% y-o-y to $221 million, but grew 1.9% ...
Peter Thiel-backed Bullish seeks up to $4.2 billion valuation in US IPO
Crypto exchange Bullish is targeting a valuation of up to $4.23 billion in its United States listing, the company said in a filing on Monday, launching its roadshow to capitalize on the momentum built by digital assets amid regulatory clarity. Companies leveraging crypto and related technologies hav ...
Crypto firm Bullish seeks up to $4.2 billion valuation in US IPO
Crypto exchange Bullish is targeting a valuation of up to $4.23 billion in its United States listing, the company said in a filing on Monday, launching its roadshow to capitalize on the momentum built by digital assets amid regulatory clarity. The company is seeking up to $629.3 million by offering ...
Soup Holdings earnings up 34.1% y-o-y to $224,000 for 1HFY2025
Nicole Lim - Soup Holdings has reported earnings of $224,000 for the 1HFY2025 ended June 30, up 34.1% y-o-y. Revenue for the first half of the year came in 6.3% y-o-y lower at $19.4 million. This decrease in revenue was primarily due to the closure of three outlets and three cloud kitchens, which accounted for a ...
Singtel associate Bharti Airtel launches cloud, AI services for businesses, telcos
Airtel Cloud offers a range of services including, infrastructure- and platform-as-a-service with secure migration and scaling
Will the Singapore stock market continue to outperform?
The Straits Times Index has underperformed some markets such as South Korea, China and Hong Kong this year but still remains one...
Inclusion of first-time political office holders in economic strategy review to provide ‘new perspectives’, says DPM Gan
Douglas Toh - The Economic Strategy Review’s (ESR) replacement of the Singapore Economic Resilience Taskforce’s (SERT) third workstream will help give a "broader review” of the taskforce’s economic strategy amid the fast evolving global landscape, says Deputy Prime Minister and SERT chairman Gan Kim ...
Razer to hire 150 people for new Singapore AI Center of Excellence
Young Zhan Heng - The Singapore facility is the first of three planned, with the others being in Europe and the US
Daily Debrief: What Happened Today (Aug 4)
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Razer to hire 150 people for new Singapore AI centre of excellence
Young Zhan Heng - Singapore’s Centre of Excellence is the first of three planned
Tesla approves share award worth US$29 billion to CEO Elon Musk
The award is designed to gradually boost Musk’s voting power
Tesla approves 96 million share award to CEO Elon Musk
[AUSTIN] Tesla disclosed in a filing on Monday (Aug 4) it has awarded CEO Elon Musk 96 million shares of the company,...
Exclusive-Tesla's brand loyalty collapsed after Musk backed Trump, data shows
LOS ANGELES, August 4 :Tesla for years had more repeat U.S. customers than any other major automotive brand but its loyalty has plunged since CEO Elon Musk endorsed President Donald Trump last summer, according to data from research firm S&P Global Mobility shared exclusively with Reuters.The da ...
Tesla approves share award worth $29 billion to CEO Elon Musk
Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders.In 2024, a Delaware court voided Musk's 2018 compensation pa ...
Singapore shares bounce back after 6-day losing streak; STI up 1%
Ranamita Chakraborty - The local market had fallen for six straight sessions from Jul 25 to Aug 1, marking its longest losing streak since Apr...
CapitaLand Ascendas Reit posts 0.6% drop in H1 DPU to 7.477 Singapore cents
Navene Elangovan - H1 revenue down 2% at S$754.8 million, mainly due to divestment of five properties
Singapore to review longer-term economic strategies amid new tariff, tech matrix: DPM Gan
Sharon See - Five committees will be formed to look at areas including strengthening the Republic’s global competitiveness, leveraging technology and innovation, and nurturing entrepreneurship
Singapore sets up economic strategy review under tariff task force to take ‘fresh look’ at longer-term strategies: DPM Gan
Sharon See - Five committees will be formed to look at areas including strengthening the Republic’s global competitiveness, leveraging technology and innovation, and nurturing entrepreneurship
SERT to undergo economic strategy review to sharpen Singapore’s economic competitiveness
Douglas Toh, Felicia Tan and Jovi Ho - The Singapore Economic Resilience Taskforce (SERT) will undergo an Economic Strategy Review (ESR) in a bid to come up with a new economic blueprint for Singapore, announced Deputy Prime Minister (DPM) and chairman of SERT, Gan Kim Yong, on Aug 4. The ESR will replace the SERT’s third workstream, w ...
CapitaLand Ascendas REIT DPU for 1HFY2025 down 0.6% y-o-y to 7.477 cents due to enlarged unit base
Nicole Lim - CapitaLand Ascendas REIT (CLAR) has reported a distribution per unit (DPU) of 7.477 cents for the 1HFY2025 ended June 30, down 0.6% y-o-y. Gross revenue for the first half of the year declined 2.0% y-o-y to $754.8 million, and net property income dropped 0.9% y-o-y to $532.4 million. This has result ...
