Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push
Dec 22 : Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence.Big Tech has ramped up investments in energy firms ...
Alphabet to buy data center firm Intersect in $4.75 billion deal amid AI push
Dec 22 : Alphabet said on Monday it would buy data center and energy infrastructure provider Intersect for $4.75 billion in cash, plus assumed debt, as tech giants ramp up spending to expand computing and power capacity necessary for developing AI.Under the deal, Alphabet will acquire Inter ...
Ellison steps in with personal guarantee as Paramount fights for Warner Bros
Dec 22 : Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance's latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix.The guarantee, disclosed in a filing on Monday, seeks to a ...
Israeli high-tech funding rises to nearly $16 billion in 2025, report says
JERUSALEM, Dec 22 : Israeli high-tech companies raised $15.6 billion in private funding in 2025, up from $12.2 billion in 2024, Startup Nation Central said in a report on Monday citing preliminary data.The tech sector, regarded as one of the largest in the world, accounts for about 20 per cent of ...
AI spending spree drives global tech debt issuance to record high
Global technology companies have ramped up debt issuance this year to record levels, as an intensifying race to build artificial intelligence capacity forces even cash-rich firms to borrow heavily to fund that investment.According to Dealogic data, global tech companies issued US$428.3 billion of ...
Daiwa to raise M&A revenue target to 100 billion yen by 2031, CEO says
TOKYO, Dec 23 : Japan's Daiwa Securities is aiming to generate 100 billion yen ($635.61 million) in M&A-related revenue by the financial year ended March 2031, its CEO said, as Japan undergoes a dealmaking boom that neared record levels in 2025.The objective exceeds Daiwa's current ...
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans
JPMorgan is exploring crypto trading for institutional clients
It is the latest sign of banks warming up to digital assets, and considering it less as a fringe investment
Wall Street climbs as tech rebound gathers momentum
[NEW YORK] US stocks rose on Monday (Dec 22), kicking off the holiday-shortened week on a positive note, as technology stocks continued...
Instacart ends AI-driven price experiments after criticism
Dec 22 : Instacart is ending price tests that resulted in different shoppers being shown different prices for groceries, the online retail platform said on Monday after criticism of its artificial intelligence-driven pricing tool.The company faced an outcry after a study by Consumer Reports and two ...
HSBC appoints ex-Citi executive Ida Liu to lead private bank
Dec 22 : HSBC said on Monday it appointed Ida Liu as chief executive officer of HSBC's private bank, effective January 5.Liu most recently served as global head of Citi Private Bank and has more than 25 years of experience in wealth management, strategic advisory and business transf ...
Larry Ellison offers US$40.4 billion guarantee to beef up Paramount's Warner Bros bid
Oracle co-founder agrees not to revoke the family trust during transaction
Ever Glory United to move to SGX mainboard on Dec 29; public offer 7.6 times subscribed
Therese Soh - Application monies received amount to around S$9.8 million
Nvidia aims to begin H200 chip shipments to China by mid-February
It will provide access to processors roughly 6 times more powerful than the H20, a downgraded chip designed for China
Shareholders vote overwhelmingly in favour of Ever Glory’s transfer to Mainboard; trading to commence Dec 29
Nicole Lim - Nearly all of Ever Glory United Holdings’ shareholders have voted in favour of the proposed transfer of listing of the company to the Mainboard of the SGX-ST. The company received 99.79% of votes, and will transfer its listing to the Mainboard on Dec 29. Ever Glory also received 97.5% of votes in ...
CACI expands space, defense footprint with $2.6 billion ARKA buy
Dec 22 : U.S. defense contractor CACI International will acquire space technology provider ARKA Group from funds managed by Blackstone Tactical Opportunities for $2.6 billion, expanding its footprint in national security and space-based intelligence.The all-cash deal, announced on Monday, come ...
Ellison offers $40.4 billion guarantee to beef up Paramount's Warner Bros bid
Dec 22 : Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance's latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix. The guarantee, disclosed in a filing on Monday, seeks to ...
Larry Ellison gives $40.4 billion guarantee for Paramount's Warner Bros bid
Dec 22 : Oracle co-founder Larry Ellison has agreed to provide a personal guarantee of $40.4 billion in equity financing to back the all-cash bid by Paramount Skydance's bid for Warner Bros Discovery, a regulatory filing showed on Monday. The guarantee is expected to bolster the deal financi ...
Ellison offers personal guarantee to beef up Paramount's Warner Bros bid
Dec 22 : Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance's latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix.The guarantee, disclosed in a filing on Monday, seeks to a ...
Fu Yu Corp’s Victor Lim employment as director of strategy reinstated; makes application to join the board
Nicole Lim - The board of Fu Yu Corporation has decided to reinstate Victor Lim’s employment with the group as director of strategy with effect from Nov 1, 2025. This announcement comes after ongoing board woes and internal audits exposing issues with the group’s risk management processes which have been occ ...
HTC bets its open AI strategy to drive smart glasses sales
The glasses support multiple platforms, letting users benefit from improvements by various models
IMF reserve data shows stabilisation in third quarter
LONDON, Dec 22 : The U.S. dollar's share of global currency reserves reported to the International Monetary Fund edged lower to 56.92 per cent in the third quarter of 2025, while the share of euro-denominated reserves crept higher, International Monetary Fund data showed.The data, released o ...
Honeywell expects $470 million charge from Flexjet settlement
Dec 22 : Honeywell on Monday said it expects to record a one-time charge of about $470 million in the fourth quarter related to a potential settlement of Flexjet-linked litigation, sending its shares down 1.3 per cent in premarket trading.Private aviation company Flexjet sued Honeywell in M ...
CapitaLand Malaysia Trust to acquire five industrial facilities in Johor for RM220.8 million
Tessa Oh - The properties are strategically located within the Johor-Singapore Special Economic Zone to capitalise on rising demand
Netflix refinances part of US$59 billion loan for Warner Bros bid
The streaming giant plans to tap capital markets to further reduce its bridge facility and extend its debt maturities
Car body trader gets jail for tax evasion, is fined more than S$800,000
Renald Yeo - The income tax undercharged across the two years exceeds S$260,000
HSBC hires ex-Citi executive Ida Liu to lead its private bank
Liu will start in her new role in early January
CapitaLand Malaysia Trust acquiring five industrial facilities in Iskandar Malaysia, Johor for RM220.8 mil
Nicole Lim - CapitaLand Malaysia Trust (CLMT) is set to acquire five high-specification industrial facilities in Iskandar Malaysia, Johor for a total value of RM220.8 million ($70.01 million). The facilities are located in i-TechVallley in Iskandar Malaysia, and are to be acquired from Greenhill SILC and Pentago ...
Creditors of Autobahn Rent A Car, Shariot group claim S$38 million more, contrary to group’s own estimates
Derryn Wong - DBS, UOB, OCBC, Teck Wei Credit and Toyota Financial Services list liabilities higher than those listed by the group
Chinese AI firm MiniMax to launch Hong Kong IPO in early January
The firm develops multimodal AI models which can process text, audio, images, video and music
GKE Corporation receives approval in-principle for proposed spin-off of its infrastructure materials & services business
Nicole Lim - GKE Corporation has received approval in-principle for the proposed spin-off of its infrastructural materials and services business on the Catalist board of the SGX-ST. The company submitted a pre-clearance application to the SGX-ST in relation to the proposed spin-off and has been advised that the ...
Singapore stocks edge higher, tracking regional bourses; STI up 0.9%
Navene Elangovan - iEdge Singapore Next 50 Index rises 0.7% or 9.77 points to 1,444.62
Great Eastern appoints Tan Teck Long as non-executive non-independent director
Nicole Lim - Great Eastern Holdings (GEH) has announced changes to its board, with the cessation of Helen Wong as non-executive non-independent director and the appointment of Tan Teck Long. Wong, 64, was appointed as non-executive non-independent director in 2021, and will step down on Dec 31, 2025. As such, Ta ...
Daiwa House Logistics Trust enters first sustainability-linked loan of $30 mil
Nicole Lim - Daiwa House Logistics Trust (DHLT) has entered into its first sustainability-linked loan, a $30 million committed unsecured revolving credit facility. There is no draw down of the facility as of Dec 22, the group says. “The ability to obtain a committed facility is also a testament to the quality ...
