Nippon Steel to raise $3.9 billion in Japan's biggest convertible bond offer ever
TOKYO, Feb 24 : Nippon Steel has decided to increase its convertible bond offering to 600 billion yen ($3.85 billion), the biggest in Japan's corporate history, as it seeks to refinance its $15 billion takeover of U.S. Steel and fund business expansion.The company said on Tuesday that it was ra ...
Nippon Steel to raise $3.6 billion in Japan's biggest convertible bond offer ever
TOKYO, Feb 24 : Japan's Nippon Steel plans to raise 550 billion yen ($3.55 billion) via a convertible bond sale - the biggest in Japan's corporate history - as the company seeks to refinance its $15 billion takeover of U.S. Steel, which closed in June, and to fund business expansion.Nippon ...
Japan's Nippon Steel to raise 550 billion yen in convertible bonds
TOKYO, Feb 24 : Japan's Nippon Steel said on Tuesday it planned to raise 550 billion yen ($3.55 billion) via a euro-yen convertible bond sale, as the company is looking for funding to finance its business operations. The bond issue is planned in two equal tranches of 275 billion yen each maturi ...
Freehold hotel at Lorong 12 Geylang back on the market at lower $110 mil guide price
Jovi Ho - A 184-room freehold hotel at 12 Lorong 12 Geylang is back on the market at an 8% lower guide price of $110 million, two years after it was put on sale. That is the address of YaJu Hotel, a two-star hotel that is “within a 20-minute walk from Aljunied and Kallang MRT Stations”, according to its w ...
S$10 billion invested in workforce initiatives over past five years: MOM
Jermaine Fok - Long-term unemployment rate for PMETs remains within the range observed during non-recessionary periods
Thai central bank chief aims for 2026 growth of 2.7% from policy mix, investments
BANGKOK, Feb 24 : Thailand's central bank chief said on Tuesday that fiscal and monetary policy should be deployed in tandem to lift economic growth toward 2.7 per cent this year, up from about 1.9 per cent currently seen.Thailand's overall economic stability remained solid but growth was ...
Japan PM Takaichi voiced concern to BOJ's Ueda over further rate hikes
[TOKYO] Japanese Prime Minister Sanae Takaichi conveyed her reservations about further interest rate hikes when she met with Bank of Japan Governor...
Eni to reach final investment decision for Indonesia gas projects next month, regulator says
JAKARTA, Feb 24 : Indonesia's upstream oil and gas regulator SKK Migas expects Italy's Eni to reach its final investment decision for the development of the Geng North and Gendalo-Gendang gas projects by next month, its head Djoko Siswanto told reporters. He said a new JV formed by Eni and ...
India IT industry surpasses $300 billion amid AI‑driven challenges, openings
MUMBAI, Feb 24 : India's information technology sector is forecast to surpass $300 billion in revenue for the first time in the current fiscal year, an industry body said on Tuesday, amid challenges and opportunities arising from artificial intelligence.Indian IT stocks have slumped in recent w ...
India's technology sector to expand 6% to $315 billion in fiscal 2026, industry body says
MUMBAI, Feb 24 : India's technology sector is expected to grow 6.1 per cent to $315 billion revenue in the ongoing fiscal year and remain around that level next fiscal, driven by artificial intelligence-led services as well as business at global capacity centres, an industry body said on Tuesda ...
Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million
Kalpana Rashiwala - The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft
Altallo Asset Management in option to buy 158 Cecil Street for S$175 million
Kalpana Rashiwala - The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft
Andre Tanoto-linked vehicle in option to buy 158 Cecil Street for S$175 million
Kalpana Rashiwala - The price works out to S$1,541 per square foot on a net lettable area of about 113,540 sq ft
Trump’s 10% levy takes effect as US rebuilds tariff wall
The White House is working on a formal order that will increase the global tariff rate to 15%
CEO of Philippine telco giant sees fibre and enterprise segments as key to near-term growth
Lionel Lim - Globe Telecom’s Carl Cruz eyeing opportunities from AI and the impending digitalisation of SMEs
Singapore climbs Macquarie’s Asean preference rankings after Trump’s tariff reset
Deon Loke - Overall, analysts deem Asean economies to be ‘largely winners’ in the reshuffle
Trump seeks vows from tech executives to cover data centre costs
A number of jurisdictions have imposed restrictions on constructing new centres
Meta executive warned Facebook Messenger encryption plan was ‘so irresponsible’, shows court filing
The company is facing a wave of litigation and regulatory threats globally linked to the welfare of young users
Singtel's Digital InfraCo launches 'micro AI grid' with Nvidia to bridge pilot-to-production gap
Nurdianah Md Nur - Singtel’s infrastructure unit, Digital InfraCo, and Nvidia will launch a Centre of Excellence (CoE) for Applied AI in Punggol Digital District in about three months. The CoE will bring together artificial intelligence (AI) infrastructure, frontier model makers, application developers, solution pro ...
StanChart profit climbs but misses estimates, US$1.5 billion buyback launched
The lender earns most of its revenue in Asia and Africa
US retail investors fuel surge in leveraged ETF trading, study shows
PROVIDENCE, Rhode Island, Feb 24: Nearly 90 per cent of all the trading in leveraged single-stock ETFs in the U.S. market can be traced to transactions by individual investors, according to a new study co-authored by Direxion, a provider of those ETFs, together with two analytical firms, Vanda Res ...
IBM posts steepest daily drop since 2000 after Anthropic says AI can modernise Cobol
Software stocks have been battered in recent months by market fears around the growing capabilities of AI tools
Singapore plans legislation to impose energy, cybersecurity standards on data centres and major cloud providers
Nurdianah Md Nur - The Ministry of Digital Development and Information (MDDI) will table legislation in Parliament later this year to mandate stricter energy-efficiency and cybersecurity standards for data centres and major cloud service providers (CSPs), says Senior Minister of State Tan Kiat How. The proposed Digita ...
StanChart profit climbs but misses estimates, $1.5 billion buyback launched
HONG KONG, Feb 24 : Standard Chartered reported on Tuesday that full-year pretax profit rose 16 per cent on robust performances from its global banking and wealth businesses, although the result fell somewhat short of analysts' estimates.The emerging markets-focused lender announced a $1.5 bill ...
StanChart full-year profit rises 16%, misses estimates
HONG KONG, Feb 24 : Standard Chartered reported on Tuesday that full-year pretax profit rose 16 per cent, as robust global banking and strong wealth inflows boosted revenue at the emerging markets-focused lender.StanChart, which earns most of its revenue in Asia and Africa, reported pretax profit fo ...
CapitaLand India Trust launches S$150 million private placement to fund two office building projects
Shikhar Gupta - The issue price will be between S$1.208 and S$1.237 per new unit – a discount of 2.6 to 4.9%
Gold falls from three-week high as dollar firms
[BENGALURU] Gold prices fell from a more than three-week high on Tuesday (Feb 24), as pressure from a stronger US dollar outweighed...
More family offices turning to Hong Kong or Middle East for extra bases
Tan Nai Lun - Affluent clients bring lender close to US$52 billion in net new money in 2025
Meta executive warned Facebook Messenger encryption plan was 'so irresponsible', shows court filing
NEW YORK/SAN FRANCISCO, Feb 23 : Meta executives proceeded with a plan to encrypt the messaging services connected to its Facebook and Instagram apps despite internal warnings that it would hinder the social media giant’s ability to flag child-exploitation cases to law enforcement, according to in ...
Jamie Dimon sees parallel to pre-crisis era as rivals do ‘dumb things’
The CEO has been warning for months about the potential deterioration in credit quality
CLINT seeks to raise $150 mil via private placement
Felicia Tan - CapitaLand India Trust (CLINT) is seeking to raise $150 million in gross proceeds via a private placement for institutional, accredited and “other” investors. The units will be issued at a price range of between $1.208 and $1.237, which represents a discount of between 2.6% and 4.9% to the volum ...
IBM posts steepest daily drop since 2000 after Anthropic says AI can modernize COBOL
Feb 23 : Shares of International Business Machines recorded their steepest daily drop in more than 25 years on Monday, after AI startup Anthropic said its Claude Code tool could be used to modernize a programming language run on IBM systems.IBM shares sank 13.2 per cent, their biggest drop since Oct ...
Apple plans to manufacture Mac Mini in Houston, WSJ reports
Feb 23 : Apple will move some production of its Mac Mini desktop computer to the U.S. from Asia, The Wall Street Journal reported on Monday.The new manufacturing effort will begin later this year at a Foxconn facility in north Houston, Apple's chief operating officer Sabih Khan told WSJ.
Panama to occupy canal ports after court scraps CK Hutchison deal
The deal has become a proxy for the US-China rivalry
