Nvidia-backed Ayar Labs raises $500 million at $3.75 billion valuation
March 3 : Nvidia-backed Ayar Labs, which develops chips that transmit data using light, said on Tuesday it has raised $500 million in a series E round at a valuation of $3.75 billion.The latest round, which brings the company's total funding to $870 million, was led by investment firm Neuberger ...
DFI Retail reports underlying profit of US$270 mil for FY2025, up 35% y-o-y
The Edge Singapore - DFI Retail Group has held its revenue steady at US$8.87 billion for FY2025. However, with the better sales mix and the divestments of loss-making stakes, the company has reported earnings of US$235 million for its FY2025, a stark turnaround from US$245 million in red ink in the preceding year. Under ...
Budget 2026: Singapore to draw up its first national climate adaptation plan
Janice Lim - The completed plan will be released in 2027
Bitcoin plunges as risk of prolonged Iran war weighs on crypto
The original cryptocurrency fell as much as 4.4% to US$66,348
Sea Q4 earnings up 72.9% at US$410.9 million; targets 25% GMV growth in Shopee
Young Zhan Heng - For the full year, earnings surge to US$1.6 billion from US$447.8 million
Sea Q4 earnings up 72.9% at US$410.9 million; CEO Forrest Li says ‘strategic choices’ drove growth
Therese Soh - For the full year, earnings surge to US$1.6 billion from US$447.8 million
Sea Q4 net profit up 72.9% at US$410.9 million
Therese Soh - For the full year, earnings surge to US$1.6 billion from US$447.8 million
Versant posts smaller-than-expected revenue decline, unveils $1 billion buyback
March 3 : Versant Media on Tuesday reported a smaller-than-expected decline in quarterly revenue and unveiled a $1 billion share buyback, in the first results for the owner of CNBC and MS Now since it was spun out of Comcast.Shares of the company were up nearly 3 per cent in early trading.The result ...
Versant reports smaller-than-expected revenue decline, unveils $1 billion buyback plan
March 3 : Versant Media reported a smaller-than-expected decline in quarterly revenue and unveiled a $1 billion share buyback on Tuesday, in the first results for the owner of CNBC and MS Now since it was spun out of Comcast.Shares of the company were up 5.6 per cent in premarket trading.The results ...
Versant announces $1 billion buyback plan after Comcast spin-off
March 3 : Versant Media on Tuesday unveiled a $1 billion share buyback plan and reported a decline in annual revenue in the company's first results since the completion of its spin-off from Comcast, creating a business dominated by legacy linear cable networks.Shares of the company jumped 6 per ...
Activist investor Elliott boosts stake in Pinterest by $1 billion
March 3 : Pinterest said on Tuesday Elliott Investment Management is buying fresh equity worth $1 billion in the image-sharing platform, putting the hedge fund on track to become the company's largest shareholder.Shares of Pinterest surged nearly 9 per cent in premarket trading, after it also a ...
DFI Retail Group FY2025 underlying profit jumps 35% to US$270 million on health, beauty segment growth
Therese Soh - The board has proposed a final dividend of US$0.105 a share based on a new 70% payout policy
Global energy costs soar as Iran crisis disrupts shipping, oil and gas production
LONDON, March 3 : Global oil and gas prices jumped on Tuesday as the U.S.-Israeli war on Iran halted energy exports from the Middle East, with Tehran attacking ships and energy facilities, closing navigation in the Gulf and forcing production stoppages from Qatar to Iraq. Oil prices have risen more ...
Japan's SMBC and Australia's Macquarie exposed to failed UK lender MFS, Bloomberg News reports
Kuehne+Nagel to cut over 2,000 jobs, weighs impact of Middle East conflict
Swiss logistics group forecasts flat or lower recurring Ebit of 1.2 billion to 1.4 billion francs for 2026
Stablecoin use could weaken ECB's hand, hamper lenders, ECB paper finds
FRANKFURT, March 3 : The spread of stablecoins in the euro zone could weaken the effectiveness of monetary policy, siphon deposits away from banks and reduce lending to the real economy, a study published by the European Central Bank showed on Tuesday.Stablecoins, crypto assets designed to maintain ...
Buyback plans aren’t enough to soothe investors after US software-sector rout
Sector has nearly quadrupled buyback announcements vs year-ago
Assets seized in connection with Chen Zhi’s transnational scam syndicate total over S$500 million, says Singapore police
Tay Peck Gek - Three Singaporeans have been arrested so far for their suspected involvement in money laundering offences
Analysis:Buyback plans aren't enough to soothe investors after software-sector rout
March 3 : U.S. software companies have stepped up their stock buyback plans during a months-long rout. Investors and strategists are skeptical that it will stem the selling.Investors have been dumping software stocks since the fall, with the S&P 500 software index down 28 per cent since late Oct ...
Oil prices soar 8% to highest since 2024 as Middle East conflict widens
NEW YORK, March 3 : Oil prices soared about 8 per cent to their highest since July 2024 on Tuesday, rising for a third session as the U.S.-Israel war against Iran widened, disrupting oil and gas fuel shipments in the Middle East and heightening fears of a prolonged conflict. Brent futures rose $6.07 ...
Oil prices keep climbing amid Iran conflict, with Brent hitting 19-month high
LONDON, March 3 : Crude oil benchmarks rose about 7 per cent on Tuesday, soaring for a third session as the U.S.-Israeli conflict with Iran widens, disrupting fuel shipments and heightening fears of further disruption to Middle East oil and gas supply.Brent crude futures were up $5.70, or 7 per cent ...
Oil prices keep climbing as expanding conflict heightens supply risks
LONDON, March 3 : Crude oil benchmarks rose more than $4 on Tuesday, soaring for a third session as the U.S.-Israeli conflict with Iran widens, disrupting fuel shipments and heightening fears of further Middle East oil and gas supply disruption.Brent crude futures were up $4.94, or 6 per cent, at $8 ...
Indonesia cuts shareholder disclosure threshold to 1% to lift market confidence after MSCI warning
Elisa Valenta - The exchange is also working to finalise the methodology and procedures for a new shareholder concentration list
iFast issues S$120 million worth of 2.75% fixed-rate notes
Therese Soh - Net proceeds from the issuance will be used for general corporate purposes
Gulf wealth clients staying put for now, but Singapore may see inflows if conflict persists
Renald Yeo - Wealth hubs such as Dubai and Abu Dhabi are expected to remain resilient
Singapore, Tg Pelepas, Port Klang could face congestion from Middle East-bound boxships; capacity shortage feared
Tay Peck Gek - Bottlenecks will worsen if Strait of Hormuz closure persists, with Colombo likely to be the worst hit
Asia hubs could face congestion from Middle East-bound boxships steering clear of the war zone
Tay Peck Gek - Bottlenecks will worsen if Strait of Hormuz closure persists, with Colombo likely to be the worst hit
Budget 2026: S$3.6 billion in PWCS funding helped 110,000 employers give wage increases from 2022 to 2024
Elysia Tan - The median monthly increase supported by the scheme was about S$250, across more than 710,000 workers
Mandatory early layoff alerts may hasten layoffs, impede talks: Tan See Leng
Low Youjin - A review of the retrenchment notification framework is underway
Advance retrenchment notifications may discourage talks to save jobs: Tan See Leng responds to NTUC proposal
Requiring larger companies to pay higher retrenchment benefits may also put more jobs at risk if the firm is in financial difficulty, said the manpower minister.
GuocoLand-led group tops Lentor Central site tender, with S$1,278 psf ppr bid above expectations
Kalpana Rashiwala - State tender for the private housing site garners five bids
GuocoLand-led consortium is top bidder for Lentor Central site, at S$1,278 psf ppr
Kalpana Rashiwala - State tender for the private housing site garners five bids
ST Engineering buoys Singapore stocks as war jitters rattle key Asian markets; STI up 0.5%
Jude Chan - Across the broader market, losers outnumber gainers 349 to 279, after 2.3 billion securities worth S$3 billion change hands
Russia says damaged launch pad at Baikonur cosmodrome has been repaired
MOSCOW, March 3 : Russia's space agency said on Tuesday that repair work had been completed at a damaged section of a launch pad at the Baikonur cosmodrome in Kazakhstan that is critical to Moscow's space programme, Russian state media reported.The pad was badly damaged in November when a ...
