Alphabet's debt raise fuels forecasts for record year in corporate bond sales
Feb 9 : Google parent Alphabet tapped the U.S. high-grade bond market on Monday, adding to a boom in debt funding by AI companies that analysts project will lead to a record-breaking year for corporate debt issuance.Alphabet sold $20 billion in a seven-part series of senior unsecured notes, accordin ...
Oil settles up more than 1% after US urges caution for vessels near Iran
[NEW YORK] Oil prices settled more than 1 per cent higher on Monday after the US Department of Transportation issued an advisory to...
Chipmaker Onsemi misses quarterly revenue estimates, shares fall
Feb 9 : Chipmaker Onsemi missed Wall Street estimates for fourth-quarter revenue on Monday, with its business segments declining as much as 17 per cent, hurt by a persistent inventory glut. Shares of the Phoenix, Arizona-based company fell nearly 6 per cent in extended trading.Onsemi has been grappl ...
European shares close at record high as AI worries ease, UniCredit gains
EUROPEAN shares climbed to a record closing high on Monday, tracking a global equity rebound after last week’s selloff, as investors turned their...
US stocks: Wall Street advances as tech bounces further off of recent losses
THE S&P 500 and the Nasdaq gained after a shaky start on Monday, as technology stocks found their footing following last week’s AI-sparked selloff,...
Major US broadcasters, Newsmax to debate national ownership cap
WASHINGTON, Feb 9 : A group representing broadcast television stations and conservative cable news channel Newsmax will square off on Tuesday over the fate of rules that bar broadcasters from reaching more than 39 per cent of the total number of U.S. TV households, according to testimony seen by Reu ...
Major broadcasters, Newsmax to debate national ownership cap
WASHINGTON, Feb 9 : A group representing broadcast television stations and conservative cable news channel Newsmax will square off Tuesday on the fate of rules that bar broadcasters from reaching more than 39 per cent of the total number of U.S. TV households, according to testimony seen by Reuters. ...
Bangladesh secures 19% US tariff and exemption for some apparel made with US material
Feb 9 : Bangladesh has secured a reduced 19 per cent U.S. tariff under a trade agreement signed between the two countries on Monday that would exempt some textiles and garments manufactured with U.S. material, interim leader Muhammad Yunus said on X.Washington had "committed to establishing a m ...
Radar data reveals cavernous underground lava tube on Venus
WASHINGTON, Feb 9 : A fresh examination of radar data for Venus obtained by NASA's Magellan spacecraft in the 1990s indicates the presence of a large underground cavity created by a lava flow, the first subsurface feature ever detected on Earth's planetary neighbor.Researchers said the rad ...
Google sued by Autodesk over AI-powered movie-making software
Feb 9 : Google has been sued by Autodesk for allegedly infringing its "Flow" trademark to market competing AI-enabled software used to make movies, TV shows and video games.In a complaint filed on Friday in San Francisco federal court, Autodesk said it began using Flow in September 2022 fo ...
Impactive Capital nominates four candidates to fintech WEX's board
Feb 9 : Impactive Capital has nominated four candidates for election to the board of WEX at its upcoming annual shareholders' meeting, the activist investor said on Monday, ramping up pressure on the fintech company. Impactive said its nominations would bring fresh perspectives and relevant ex ...
Impactive Capital nominates four candidates to board of fintech WEX
Feb 9 : Impactive Capital has nominated four candidates for election to the board of WEX at its upcoming annual shareholders' meeting, the activist investor said on Monday, ramping up pressure on the fintech company. Impactive, which owns 6.4 per cent of WEX, said its nominations would bring f ...
Databricks raises $5 billion in latest funding, defying software selloff
Feb 9 : Databricks said on Monday it has completed a fundraising of about $5 billion at a $134 billion valuation, as the data analytics software company bolsters its balance sheet to invest in artificial intelligence products focusing on enterprise customers. One of the most valuable privately hel ...
Databricks raises $5 billion in latest funding amid IPO expectations
Feb 9 : Databricks said on Monday it has raised about $5 billion in funding at a $134 billion valuation, as the data analytics software startup bolsters its balance sheet while keeping options open for a U.S. stock market debut later this year.The privately held startup, which also announced about $ ...
Databricks valued at $134 billion in $5 billion fundraise, CNBC reports
Feb 9 : Databricks completed its latest funding round of $5 billion, at a valuation of $134 billion, CNBC reported on Monday. The data software company in December announced it was raising more than $4 billion at the same valuation.Databricks provides software that helps companies manage large amoun ...
Wall Street slips as AI concerns linger, key economic data awaited
[NEW YORK] Wall Street’s main indexes opened lower on Monday after a week when AI disruption concerns caused technology stocks to tumble,...
OpenAI CEO says ChatGPT back to over 10% monthly growth, CNBC reports
Feb 9 : OpenAI CEO Sam Altman told employees that the startup's artificial intelligence chatbot, ChatGPT, was back to exceeding 10 per cent monthly growth, CNBC reported on Monday.The startup, which has more than 800 million weekly active users, is also preparing to launch "an updated Chat ...
Apollo, xAI near $3.4 billion deal to fund AI chips, The Information reports
Feb 9 : Apollo Global Management is close to finalizing a roughly $3.4 billion loan to an investment vehicle that plans to buy Nvidia chips and lease them to Elon Musk's xAI, The Information reported on Monday, citing a person familiar with the matter.Less than a week ago, Musk announced that S ...
Apollo’s Q4 profit rises on strong inflows
An origination of US$97 billion in new loans and other investments has driven its quarterly growth, it says
Alpha Integrated REIT’s cash offer turns unconditional
Douglas Toh - Volare Group’s offer for Alpha Integrated REIT (AIR), formerly known as Sabana Industrial REIT, has turned unconditional after receiving valid acceptances amounting to 111.8 units, or 9.93% of all the units in AIR. The acceptance, as at 6pm on Feb 9, brought Volare Group’s stake to 576.1 million ...
BYD files lawsuit, seeks refund over Trump's US auto tariffs
Feb 9 : Chinese automaker BYD has filed a lawsuit against the U.S. government challenging President Donald Trump's bid to use sweeping authority to impose tariffs, and requesting a refund for all levies it paid since last April, court documents show.The lawsuit, the first by a Chinese carmaker ...
Alphabet looks to raise about $15 billion from US bond sale, Bloomberg News reports
Feb 9 : Alphabet is looking to raise about $15 billion from a U.S. high-grade dollar bond sale, Bloomberg News reported on Monday, citing people with knowledge of the matter.Technology firms are turning to debt sales worth tens of billions of dollars to fund infrastructure expansions as demand for a ...
Mindarie Investment’s offer for Alpha Integrated Reit turns unconditional
Chong Xin Wei - The closing date has been extended to Feb 24
China’s stock exchanges to facilitate refinancing for listed firms
The Shanghai, Shenzhen and Beijing bourses say this is to reform the country’s capital markets and promote innovation
Indonesia identifies eight blocks with large rare earth reserve potential
They were identified in places such as Kalimantan, Sulawesi and Bangka Belitung islands
VinFast targets 300,000 electric vehicle deliveries this year
Feb 9 : Vietnam-based VinFast said on Monday it expects to deliver 300,000 electric vehicles globally this year, as the automaker doubles down on its expansion plan.The target represents a sharp rise over the nearly 197,000 vehicles it delivered last year, reflecting confidence in the firm's st ...
Uber agrees to buy Getir’s delivery business in Turkey
The deal will bolster the US company’s position in the Middle East
Takeda deepens AI drug discovery push with $1.7 billion Iambic deal
Feb 9 : Privately held Iambic said on Monday it has entered a multi-year partnership worth more than $1.7 billion with Japan's Takeda Pharmaceutical to use artificial intelligence to help design small-molecule drugs targeting cancer and gastrointestinal diseases.Under the agreement, Iambic will ...
Kyndryl shares plunge as company discloses accounting review
Feb 9 : Kyndryl's shares plunged 53 per cent on Monday after the software provider delayed the filing of its October-December report, made several management changes, and launched an accounting review over potential weaknesses found in its internal controls.The stock is on track to shed around ...
Kyndryl flags weakness in financial reporting procedures, shuffles senior executives
Feb 9 : Software provider Kyndryl on Monday delayed the filing of its quarterly report for the October-December period, citing material weaknesses in its financial reporting procedures, sending its shares tumbling 55 per cent in premarket trading. The company said the weaknesses span multiple period ...
Kyndryl delays quarterly filing, flags financial reporting concerns
Feb 9 : Software provider Kyndryl on Monday delayed the filing of its quarterly report, saying it anticipates material weaknesses in its internal control over financial reporting for multiple periods, including the first two quarters of fiscal 2026.Shares of the company tumbled 38 per cent in premar ...
Global Alpha Capital Management disposes 331,100 shares in Raffles Medical Group
Douglas Toh - Global Alpha Capital Management has announced the disposal of 331,100 ordinary shares in Raffles Medical Group. The shares were disposed of via market transaction on Feb 5 for $327,594.62 or around 99 cents per share. With the latest transaction, the Montreal-based fund manager sees its deemed inter ...
Graphic: China’s Comac puts up fierce competition against Airbus and Boeing
Teoh Yi Chie - For the second time in two years, the Comac C919 was on full display at the Singapore Airshow. This Chinese narrow-body single-aisle...
China’s Comac puts up fierce competition against Airbus and Boeing
Teoh Yi Chie - For the second time in two years, the Comac C919 was on full display at the Singapore Airshow. This Chinese narrow-body single-aisle...
