Trading Day: Geopolitical reality check
ORLANDO, Florida, April 23 : Oil prices jumped and Wall Street fell on Thursday, with the Nasdaq having its worst day in a month, as fading hopes of a U.S.-Iran peace deal soured recent optimism around the U.S. earnings season and tech companies in particular. In my column today, I look at the resil ...
German software maker SAP beats first-quarter profit estimates on cloud demand
April 23 : Europe's largest software maker SAP on Thursday reported a 17 per cent increase in first-quarter profit, beating estimates, due to strong growth in its cloud business.U.S.-listed shares of SAP were up 5.4 per cent after the results.The company also maintained its full-year outlook fo ...
SAP reports rise in quarterly profit as cloud demand holds up
April 23 : Europe's largest software maker SAP on Thursday reported a 17 per cent increase in first-quarter profit, boosted by strong cloud demand.Cloud revenue rose to 5.96 billion euros ($6.96 billion) in the quarter, up from 4.99 billion euros a year ago, the German company said.SAP continue ...
UK regulator closes loophole that allowed rogue companies to track phone users' location
April 23 : British authorities say they have closed a loophole that could allow rogue actors to secretly track mobile phone users through the international telecommunications system.In a statement, the U.K. regulator Ofcom said it had banned the leasing of so-called "Global Titles," which ...
Intel forecasts second-quarter revenue above estimates, shares jump 19%
April 23 : Intel forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the company's server processors used for artificial intelligence in data centers.Shares of Intel surged 19 per cent in extended trading, adding $64 billion to its market ...
Intel forecasts second-quarter revenue above estimates
April 23 : Intel forecast second-quarter revenue above Wall Street expectations on Thursday, underscoring booming demand for the chipmaker's server chips used in artificial-intelligence data centers. Intel shares jumped roughly 12 per cent in extended trading on Thursday.The company expects rev ...
US sets preliminary antidumping duties on solar imports from India, Indonesia and Laos
April 23 : The U.S. Commerce Department on Thursday announced preliminary antidumping duties on solar cells and panels imported from India, Indonesia and Laos, the latest in a string of tariffs imposed over a decade on cheap solar imports from Asia.According to a fact sheet posted on the Commerce De ...
Electrolux plans about $1 billion share issue, tie-up with Midea in North America to shake up ops
April 23 : Swedish appliance maker Electrolux said on Thursday it would launch a 9 billion Swedish crown ($976.34 million) rights issue and unveiled a tie-up with rival Chinese Midea Group in North America to form three joint ventures as it restructures its operations.One of the joint ventures will ...
'Cretaceous Kraken' prowled the seas during the age of dinosaurs
WASHINGTON, April 23 : The Kraken is a huge tentacled sea monster from Norse folklore that drags ships and sailors down into the deep. During the age of dinosaurs, new research shows, there existed a creature as close to a real-life Kraken as you could possibly get - an enormous octopus that prowled ...
Brazil regulator approves deeper probe into Google's news content use
SAO PAULO, April 23 : Brazil's antitrust watchdog CADE approved on Thursday a recommendation to deepen investigations into the use of journalistic content by Alphabet's Google, which would assess potential abuse of the company's dominant market position.CADE's members backed a pr ...
Microsoft offers voluntary retirement to about 7% of US workers
Eligible workers include personnel whose years of service plus their age totals 70 or more
Vin’s Holdings announces probe into irregular payments linked to ex-employee
Derryn Wong - Early findings show that the ex-employee overrode internal controls to move S$44,300 to an entity he controlled
America Movil's Claro open to further acquisitions in Brazil after Desktop deal
SAO PAULO, April 23 : Telecom operator Claro, owned by Mexico's America Movil, is open to new deals in Brazil following its recently announced purchase of internet provider Desktop."We analyze all the options that come our way," Claro's Brazil CEO Rodrigo Marques told reporters i ...
Microsoft plans first voluntary employee buyout, CNBC reports
Microsoft is planning its first voluntary employee buyout in the Windows maker's 51-year history, CNBC reported on Thursday (Apr 23), citing a memo.Like other United States tech giants, Microsoft has been spending aggressively on artificial intelligence. But adoption of one of its flagship AI s ...
In two Amazon units, 'builder' replaces traditional job titles
SAN FRANCISCO, April 23 : During Amazon’s annual review season now under way, hundreds of employees will see their job titles stripped.The company is not punishing underperformers. Rather, in a test, it is tossing out traditional titles for white-collar workers in charge of product at its Ring and ...
Goldman seeks over US$20 million from ex-star banker after 1MDB fraud
The bank claims Leissner transferred some money into accounts and shell entities in his wife’s name
Vin’s Holdings announces ongoing investigation into irregular transactions; police report filed
Teo Zheng Long - Vin’s Holdings (SGX: VIN ) has uncovered certain irregular transactions involving payment made to invoices issued to Vin’s subsidiaries, Vin’s Credit and Vin’s Automotive Group by a certain entity, following the resignation and departure of a former key executive officer on April 16. Accordi ...
iFast Q1 profit up 49.4% to S$28 million
Derryn Wong - Revenue is up 49% to S$136.8 million; its wealth management and Hong Kong ePension businesses are more profitable
Kin Global closes at 26.5 cents on debut day of trading; reaches intra-day high of 27.5 cents
Teo Zheng Long - Kin Global Limited (Kin Global) closed at 26.5 cents on its debut day of trading on April 23, 15.2% higher than the IPO price of 23 cents per share. Trading commenced at 9am on April 23 at 27 cents and reached an intra-day high of 27.5 cents. By the end of the trading day, approximately 12.5 million ...
Milan tech firm Bending Spoons picks banks for $20 billion US listing, sources say
MILAN/NEW YORK, April 23: Bending Spoons, a European tech firm whose business model is based on reviving companies, has picked banks to organise a potential $20 billion U.S. initial public offering this year, two people close to the matter said.The Milan-based firm, whose name is inspired by the Hol ...
Warner Bros shareholders back US$110 billion merger with Paramount Skydance
Warner Bros Discovery shareholders on Thursday (Apr 23) backed the company's proposed US$110 billion merger with Paramount Skydance, but cast an advisory vote against executive compensation plans tied to the deal.Under the pay packages proposed to executives, CEO David Zaslav could receive up t ...
Ascott shuts Newton training centre ahead of lease expiry, lays off 6 staff
Chong Xin Wei - [SINGAPORE] Ascott, the wholly owned lodging business unit of CapitaLand Investment, is winding down its hospitality training centre in Newton and laying...
Stocks retreat as US-Iran peace talks stall
LONDON: Stock prices fell across the board Thursday (Apr 23) from their recent highs as investors tempered enthusiasm for a quick end to the Middle East war.The benchmark international oil contract, Brent North Sea crude, was back above US$100 a barrel, threatening widespread inflation that could de ...
Stocks mostly fall as US-Iran peace talks stall and oil prices rise
Uncertainty over the Middle East war left investors worried, with one analyst saying there is still “a tug of war between the fundamentals.”
Q&M’s Ng in married deal with Asdew Acquisitions, Han Seng Juan and Bryan Lim involving 27 mil shares at 60 cents each
Teo Zheng Long - Dr Ng Chin Siau, founder and CEO of Q&M Dental Group (SGX: QC7 ) , is yet again involved in another private, off-market transactions with external parties. In an April 23 SGX filing, Quan Min Holdings, an entity used by Ng and related parties to control Q&M Dental Group, disposed 27 million ...
First REIT's DPU fell by 13.8% y-o-y in 1Q2026
The Edge Singapore - First REIT had a challenging 1Q2026 due to currency headwinds. Rental and other income declined 8.4% y-o-y to $23.2 million in 1Q2026. Net property and other income fell 8.3% y-o-y to $22.5 million over the same period. The decrease in rental and other income was primarily due to the loss of income ...
BP chairman overcomes shareholder backlash to win first election
Slightly more than 81.8% of shareholders vote in favour of Albert Manifold
Wall St opens lower on Middle East impasse, mixed earnings
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Apr 23), with investors hesitant to extend the recent equities rally in...
Applied Digital signs $7.5 billion AI data center lease with US hyperscaler
April 23 : Applied Digital has signed a long-term lease worth $7.5 billion with an unnamed U.S.-based hyperscaler at its new Delta Forge 1 site, it said on Thursday, strengthening its position as a data center provider for artificial intelligence workloads.Shares of the company jumped more than 12 p ...
Suntec REIT’s 1QFY2026 DPU grew by 23.9% y-o-y to 1.936 cents
Teo Zheng Long - For 1QFY2026 ended March 31, Suntec REIT’s (SGX: T82U ) distribution income (DI) was up by 24.8% higher y-o-y to $57.3 million while DPU jumped by 23.9% y-o-y to 1.936 cents across the same period. The improvement was driven by stronger operational performance of its Singapore office and retail po ...
Trump says US to attack any boats laying mines in Strait of Hormuz
He has ordered the United States navy ‘to shoot and kill’
Suntec Reit Q1 DPU rises 23.9% to S$0.01936 on strong Singapore office, retail performance
Therese Soh - Retail revenue gets boost from higher occupancy and rent at Suntec City mall, says manager
S$8m director pay, Iran war risks among issues raised by Sheng Siong investors ahead of AGM
Therese Soh - Asked about declaring special dividend, group says maintaining balance sheet strength is ‘prudent’
Singapore leads global per capita use of Anthropic’s Claude AI as businesses ramp up adoption: GIC
Jean Low - SINGAPORE ranks as the largest user of Anthropic’s artificial intelligence (AI) model Claude on a per capita basis, highlighting the Republic’s rapid...
