South Korea's Doosan Bobcat in talks to buy Wacker Neuson
Dec 2 : Wacker Neuson said on Tuesday that South Korea's Doosan Bobcat was in talks to buy a majority stake in the German construction equipment maker.Doosan Bobcat, a unit of Korean conglomerate Doosan, is in "advanced discussions" over an acquisition of around 63 per cent of Wacker ...
Value investor requests Low Keng Huat's independent directors ask for a better price
The Edge Singapore - Value investor Chua Bock Eng has written to Low Keng Huat’s board of directors asking the independent directors to engage with the offeror, to seek an improvement in the offer price. A fair compromise should, at the very least, match the book value of 79 cents, he says. The offeror is a company wi ...
UltraGreen.ai's IPO 13.6 times subscribed; raises US$162.5 mil in gross proceeds
Nicole Lim - UltraGreen.ai has received a total subscription and indications of interest of 13.6 times for the 112,068,200 offering shares offered for its IPO. The shares are offered at US$1.45 per share, or $1.892 per share for the Singapore Public Offer. This brings the amount raised in the public offering to ...
UltraGreen.ai IPO's 13.6 times subscribed; raises US$162.5 mil in gross proceeds
Nicole Lim - UltraGreen.ai Limited has received a total subscription and indications of interest of 13.6 times for the 112,068,200 offering shares offered for its IPO. The shares are offered at US$1.45 per share, or $1.892 per share for the Singapore Public Offer. This brings the amount raised in the public offe ...
UltraGreen.ai's IPO, 13.6 times subscribed, opens at US$1.51
Nicole Lim - UltraGreen.ai debuted on the Singapore Exchange at US$1.51, a slight gain from its offer price of US$1.45. The share price reached as high as $1.62 before easing. As at 10.30 am, this counter was the second most active with more than 22.3 million shares changing hands. UltraGreen.ai received a total ...
Malaysia's Felda, FGV say Terengganu land spat could disrupt operations, impact national output
KUALA LUMPUR, Dec 2 : Malaysia's Federal Land Development Authority (Felda) and its commercial arm FGV Holdings Berhad said on Tuesday they had been issued an order by Terengganu state to vacate palm oil plantation land there, warning it could impact operations and national output.FGV, one of t ...
Software firm Vinci, which speeds up hardware simulation, raises $36 million
SAN FRANCISCO, Dec 2 : Startup Vinci said on Tuesday it has raised $36 million to finance its business of building software that can speed chip and other hardware design by significantly accelerating the simulation of such devices.The Palo Alto, California-based company's software is entering a ...
Singapore factory activity rises in November amid mixed regional performance
Sharon See - The S&P Global Asean Manufacturing PMI hits the third-highest print on record, while East Asian economies remain in contraction territory
Danish ISS shares plunge on concerns over its role in deadly Hong Kong apartment fire
The stock slides as much as 11%, the most since April
India investigates Air India after plane flown repeatedly without safety certificate
It also grounded the aircraft and de-rostered “concerned personnel”
Dollar recovers ground vs yen; euro steadies after inflation data
NEW YORK, Dec 2 : The dollar regained ground against the yen, recovering from Monday's selloff, even as expectations for a December rate hike by the Bank of Japan lingered, while the euro edged up after data on Tuesday showed euro zone inflation was slightly hotter-than-expected.The greenback r ...
Euro steadies after inflation data, dollar rises vs yen as JGB auction brings relief
LONDON, Dec 2 : The euro steadied after data on Tuesday showed euro zone inflation was slightly hotter-than-expected, while the dollar rose against the yen as an auction of Japanese government debt drew solid demand, easing investor nerves after Monday's selloff in global fixed income.The euro ...
Dollar rebounds vs yen; euro firmer after inflation data
NEW YORK, Dec 2 : The dollar regained ground against the yen on Tuesday, recovering from Monday's selloff, even as expectations for a December rate hike by the Bank of Japan lingered, while the euro edged up after data showed euro zone inflation was slightly hotter than expected.The U.S. curren ...
Dollar rebounds vs yen, euro steady after inflation data
NEW YORK, Dec 2 : The dollar regained ground against the yen on Tuesday, recovering from Monday's selloff, even as expectations for a December rate hike by the Bank of Japan lingered, while the euro treaded water after data showed euro zone inflation was slightly hotter-than-expected.The greenb ...
Addvalue Technologies included in FTSE ST All-share Index; average daily turnover up 28 times h-o-h in 2HFY2025
Nicole Lim - Addvalue's co-founder, CEO and executive director Tan Khai Pang / Photo: Albert Chua/The Edge Singapore Addvalue Technologies has been included in the FTSE ST All-share Index, having recorded the higher growth in trading activity among technology and industrial stocks in 2HFY2025. The company r ...
Citigroup faces US$5 million bill to transport its lead from Singapore
Citi plans to keep about 24,000 tons in Singapore, while 88,000 tons will likely go to Taiwan or Malaysia
BlackRock turns bearish on long-term Treasuries as AI funding wave looms
NEW YORK, Dec 2 : The BlackRock Investment Institute said on Tuesday it is turning bearish on long-term U.S. Treasuries, warning a coming wave of AI-related financing could put upward pressure on U.S. borrowing costs and exacerbate worries over U.S. government indebtedness. In recent weeks, investo ...
Infinity Development Holdings raises gross proceeds of $13.7 mil from all-placement IPO
Nicole Lim - Infinity Development Holdings has completed the placement of 35,100,000 new shares on the Catalist board of the SGX-ST, raising gross proceeds of $13.7 million. The placement was priced at 39 cents per share, and attracted subscriptions from a range of institutional investors including ICH Ascend Op ...
Buying the S&P 500 is an active bet on AI: BlackRock Investment Institute
Benjamin Cher - The unprecedented artificial intelligence boom is catalysing a mega structural change that impacts investing, it says
Prada completes Versace takeover after long courtship
Prada heir Lorenzo Bertelli will become executive chairman of Versace once the integration is complete
Fintech firm Wealthfront seeks up to $2.05 billion valuation in US IPO
Dec 2 : Automated digital wealth management firm Wealthfront is targeting a valuation of up to $2.05 billion in its U.S. initial public offering, it said on Tuesday, becoming the latest to test a trend of strong investor appetite for fintech listings.The Palo Alto, California-based company plans to ...
Fintech platform Wealthfront aims to raise up to $485 million in US IPO
Dec 2 : Automated digital wealth management firm Wealthfront said on Tuesday it was aiming to raise as much as $485 million in its initial public offering in the United States.Wealthfront, founded in 2008 by Andy Rachleff and Dan Carroll, provides automated tools such as cash accounts, ETF and bond ...
German antitrust watchdog tests Apple's revised app tracking rules
BERLIN, Dec 2 : Germany's antitrust authority said on Tuesday it is testing Apple's proposed changes to its app tracking rules, seeking feedback from publishers, media groups and regulators to assess whether the new measures address competition concerns.Apple said it had agreed to make cha ...
German antitrust authority tests Apple's revised app tracking rules for competition compliance
BERLIN, Dec 2 : Germany's antitrust authority said on Tuesday it is assessing solutions proposed by Apple to address competition concerns over its App Tracking Transparency Framework (ATTF) and has launched a market test to gather feedback from app publishers, media associations, content provid ...
Temasek-backed autonomous driving firm Momenta files for Hong Kong IPO: sources
The firm is joining a growing list of Chinese companies aiming to debut in the Asian financial hub
European banks led by BNP, ING push ahead on euro stablecoin plan
PARIS/MADRID, Dec 2 : A group of 10 European banks, including ING, UniCredit and BNP Paribas, have formed a company to launch a euro-pegged stablecoin in the second half of 2026, in a move they hope will counter U.S. dominance in digital payments.The CEO of the Amsterdam-based company, named Qivalis ...
Group of European banks announce euro stablecoin company called qivalis
PARIS/MADRID, Dec 2 : A group of 10 European banks, including heavyweights ING, UniCredit and BNP Paribas, have formed a consortium to launch a euro-pegged stablecoin, in a move they hope will counter U.S. dominance in digital payments.The CEO of the Amsterdam-based company, named qivalis, will be J ...
Daily Debrief: What Happened Today (Dec 2)
Stories you might have missed
Genting’s privatisation push falters just as New York delivers a splashy win
Tan Ai Leng - The offer for Genting Malaysia closes shy of the delisting mark while its US arm scores with a full casino licence
Prada announces that it has officially purchased fashion rival Versace
MILAN: Prada said on Tuesday (Dec 2) it had completed the acquisition of smaller Italian rival Versace, a brand the luxury group said it had long coveted.Prada signed a definitive agreement in A
Bayshore, Berlayar and Newton plots among 10 new housing sites up for sale; two EC parcels also available
Jessie Lim - On the reserve list is a Town Hall Link lot, carved out of the Jurong Lake District master-developer site
STI up 0.3% on Tuesday amid mixed showing by Singapore shares
Tay Peck Gek - Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted
STI up 0.3%, amid mixed showing by Singapore shares
Tay Peck Gek - Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted
Analysts value Marco Polo Marine’s shares at 14 cents after net profit jump
Lin Daoyi - Analysts from CGS International and RHB have reiterated their “buy” call for Marco Polo Marine after the offshore and marine player announced a positive set of results for FY2025 ended Sept 30. In their report issued on Dec 1, the CGSI pair of Meghana Kande and Lim Siew Khee maintained their TP ...
