Nvidia in advanced talks to buy Israel's AI21 Labs for up to $3 billion, report says
JERUSALEM, Dec 30 : Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday.Nvidia declined to comment, while AI21 was not immediately available to comment.A 2023 funding round valued AI21 at $1.4 billion. N ...
Wall Street closes slightly lower near the end of a banner year; gold rebounds
NEW YORK, Dec 30 : U.S. stocks slumped on Tuesday, while gold bounced back on the penultimate trading day of 2025.All three indexes dipped into negative territory in a light-volume pre-holiday session in a subdued ending to a volatile year.Having weathered a year of tariff wars, the longest gover ...
Wall Street muted near the end of a banner year; gold rebounds
NEW YORK, Dec 30 : U.S. stocks edged lower on Tuesday, while gold bounced back and benchmark Treasury yields turned higher on the penultimate trading day of a turbulent year.All three indexes dipped into negative territory shortly after the opening bell of what is likely to be a light-volume sess ...
SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and...
Warner Bros likely to reject Paramount's latest hostile bid, source says
Dec 30 : Warner Bros Discovery will likely reject Paramount Skydance's amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant's offer, according to a person familiar with the matter.The boar ...
Warner Bros expected to reject Paramount's latest hostile bid, CNBC reports
Dec 30 : Warner Bros Discovery is expected to reject Paramount Skydance's amended $108.4 billion hostile bid, CNBC reported on Tuesday.The rebuff could brush aside Paramount's effort to shore up deal financing through a $40.4 billion personal guarantee from Oracle co-founder Larry ...
Wall Street opens subdued after tech-led drop halts rally
[NEW YORK] Wall Street’s main indexes opened muted on Tuesday (Dec 30), a day after logging their steepest one-day decline in nearly...
SoftBank completes $41 billion investment in OpenAI, deepening bet on AI
Dec 30 : SoftBank Group said it completed a $41 billion investment in OpenAI, one of the largest-ever private funding rounds that would give the Japanese firm a stake of about 11 per cent in the ChatGPT maker. SoftBank Chief Executive Masayoshi Son has made an "all in" bet on OpenAI and ...
SoftBank has completed its $40 billion investment in OpenAI, source says
Dec 30 : SoftBank Group has completed its $40 billion investment in OpenAI, a source familiar with the matter said on Tuesday, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son's bet on AI.SoftBank has been building one of the largest private technolo ...
SoftBank has completed its $40 billion investment in OpenAI, CNBC reports
Dec 30 : SoftBank Group has completed its $40 billion investment in OpenAI, CNBC reported on Tuesday, citing people familiar with the matter, marking one of the largest private funding rounds ever and deepening founder Masayoshi Son's bet on AI.SoftBank has been building one of the largest p ...
Incredible Holdings announces possible reverse takeover by Hong Kong AI company
Derryn Wong - Cambridge Artificial Intelligence and Incredible Holdings have entered a non-binding MOU to explore the transaction
Don Agro to shift from farming to cancer treatment with $43.7 million deal; proposes new name UpHealth Group
The Edge Singapore - Don Agro International is set to transform from what was previously a Russian farming company to a healthcare business focusing on cancer treatment. In a Dec 30 filing, Don Agro announced details for its planned acquisition of a group of healthcare entities for just over 3 billion rubles, equivalent ...
CapitaLand Ascendas REIT completes acquisition of three industrial and logistics properties for $565.8 million
Kwan Wei Kevin Tan - CapitaLand Ascendas REIT (CLAR) says it has completed the acquisition of three properties in Singapore from a Warburg Pincus-Lendlease Global joint venture for approximately $565.8 million. In a Dec 30 bourse filing, CLAR says it completed the acquisition of: 2 Pioneer Sector 1, a ramp-up logistics ...
Alibaba, Abu Dhabi set to invest in AI startup MiniMax’s US$600 million IPO
It is set to start taking investor orders as early as Dec 31
China mandates 50% domestic equipment rule for chipmakers
They must prove through procurement tenders that at least half their equipment will be Chinese-made
Co-living provider The Assembly Place files preliminary prospectus for Catalist IPO
Shikhar Gupta - Proceeds will be used to grow the company’s portfolio, including its expected expansion into Malaysia
China allocates initial US$8.9 billion for consumer goods trade-in scheme in 2026
CHINA is allocating 62.5 billion yuan (S$11.5 billion) from ultra-long special treasury bond funds initially this year for its scheme that offers...
The manager of Suntec REIT has announced changes to the composition of its board and board committees
Nicole Lim - ESR Trust Management, the manager of Suntec REIT, has announced changes to the composition of its board and board committees with effect from Dec 31. Notably, Chan Pee Teck Peter and Foo Yee Shoon will retire as independent non-executive directors, having reached their nine-year tenure limit. Shen J ...
LV applies for summary judgment against ValueMax in alleged trademark infringement lawsuit
Tay Peck Gek - Summary judgement from the High Court will be heard on Jan 6
LV applies for summary judgement against ValueMax in alleged trademark infringement lawsuit
Tay Peck Gek - Summary judgement from the High Court will be heard on Jan 6
The Assembly Place lodges preliminary prospectus for IPO on Catalist Board
Nicole Lim - The Assembly Place (TAP) has lodged its preliminary prospectus on SGX's Catalodge for the proposed IPO of the company on the Catalist board of the Singapore Exchange. TAP is a community living operator which operates an asset-light model using its digital infrastructure to manage and operate ap ...
The Assembly Place lodges preliminary prospectus with MAS for IPO on Catalist Board
Nicole Lim - The Assembly Place (TAP) has lodged its preliminary prospectus with the Monetary Authority of Singapore for the proposed IPO of the company on the Catalist board of the Singapore Exchange. TAP is a community living operator which operates an asset-light model using its digital infrastructure to mana ...
What is Manus, the Singapore-based AI startup acquired for US$2 billion by Meta?
Shikhar Gupta - The platform built by the startup can complete tasks like resume-screening, financial document analysis and stock analysis
What is Manus, the Singapore-based AI startup being acquired for US$2 billion by Meta?
Shikhar Gupta - The platform built by the startup can complete tasks like resume-screening, financial document analysis and stock analysis
What is Manus, the AI startup being acquired for US$2 billion by Meta?
Shikhar Gupta - The platform built by the startup can complete tasks like resume-screening, financial document analysis and stock analysis
AI memory demand propels Kioxia to world’s best-performing stock
[TOKYO] Artificial intelligence’s insatiable appetite for data storage has delivered Japanese memory chipmaker Kioxia Holdings world-beating stock gains this year, a sign...
SUTL Enterprise to acquire Marina at Keppel Bay for S$40 million
Derryn Wong - Acquisition will be completed in second half of 2026, making SUTL Enterprise the largest owner-operator of integrated marinas in Singapore
Singapore stocks end higher amid mixed regional trading; STI up 0.5%
Ranamita Chakraborty - Across the broader market, gainers outnumber decliners 299 to 203, after 1.4 billion securities worth S$1.1 billion change hands
Renminbi climbs past 7 per US dollar onshore for first time since 2023
A stronger currency makes imports cheaper, and aids China authorities’ long-term goal of internationalising the currency
Indonesia to cut mining output quotas to support prices
It’s to ensure the prices of mineral commodities are “rational”, allowing the government in turn to earn more revenues
SATS announces changes to its board with Jessica Tan stepping down
Nicole Lim - SATS has announced changes to the composition of the board, with Jessica Tan stepping down as director of the company by Dec 31. Tan will relinquish her positions as chairperson of the nominating committee and as a member of the audit committee who was appointed to the board on April 17, 2017. She h ...
Keppel Pacific Oak US REIT obtains loan facility worth US$115 mil
Nicole Lim - Keppel Pacific Oak US REIT has obtained a loan facility worth US$115 million ($147.55 million). The REIT will be required to pay all outstanding loans under the facility within 10 business days in the event that the manager of the REIT ceases to be the manager, or if Keppel and its subsidiaries ceas ...
Indonesia to cut mining output quotas to support prices, minister says
JAKARTA, Dec 30 : The Indonesian government will cut mining output quotas in order to support the prices of commodities like coal, Energy and Mineral Resources Minister Bahlil Lahadalia said in an interview with local news channel TvOne on Tuesday.He said the government aims to ensure the p ...
SUTL Enterprise to acquire Marina at Keppel Bay for $40 mil by 2H2026
Nicole Lim - SUTL Enterprise has signed a put-and-call option to acquire Marina at Keppel Bay from Keppel Bay for $40 million. The acquisition is expected to be completed in the second half of 2026, and will result in the group adding another 166 berths with superyacht berthing capabilities for vessels up to 280 ...
