Alternative asset managers brace for investor test over AI, redemptions
April 21 : Wall Street's largest alternative asset managers face a critical test in the coming weeks as they try to convince investors that concerns over AI disruption to their portfolio companies and a pullback in retail private credit demand are overblown. Managers of alternative assets - a b ...
Middle East conflict clouds Thai banks’ outlook as profits slip
The country’s largest lender SCB X posts a more than 18% drop in Q1 net income to 10.2 billion baht
Paramount remakes app to capitalize on popularity of short videos
LOS ANGELES, California, April 21 : In the battle for viewers, Paramount Skydance is targeting the smallest of screens - mobile phones.A version of the Paramount+ app, now available to Apple iPhone users, highlights short videos that users can quickly scroll through, including sports highlights, CBS ...
India's HCLTech forecasts weak annual revenue growth as clients rein in discretionary spends
BENGALURU, April 21 : India's HCLTech forecast revenue growth of 1 per cent-4 per cent for fiscal 2027 on Tuesday, below analysts' expectations of 3 per cent-5 per cent, as clients kept a tight lid on discretionary spending.Top companies in India's $315-billion IT industry have been b ...
India's HCLTech forecasts muted annual revenue growth, quarterly numbers miss view
BENGALURU, April 21 : India's HCLTech forecast revenue growth of 1 per cent-4 per cent for fiscal 2027 on Tuesday, below analysts' expectations of 3 per cent-5 per cent, as clients kept a tight lid on discretionary spending.Top companies in India's $315-billion IT industry last report ...
India's HCLTech misses Q4 revenue view
BENGALURU, April 21 : India's HCLTech posted a smaller-than-expected fourth-quarter revenue on Tuesday, as clients held back tech spends due to geopolitical headwinds.The country's third-largest IT services firm posted a consolidated revenue of 339.81 billion rupees ($3.63 billion), a 12.3 ...
The Edge Singapore secures AI win, sustainability commendation at State Street Institutional Press Awards Apac 2025
The Edge Singapore - The Edge Singapore picked up two recognitions at the State Street Institutional Press Awards Asia Pacific 2025, with a win in the data and artificial intelligence (AI) category and a commendation for sustainable investing coverage. Recognising reporting on institutional finance across the region, th ...
Lloyds pilots AI investment guidance tool as UK regulator studies impact
LONDON, April 21 : Lloyds Banking Group has become the first UK lender to introduce an artificial intelligence tool to help customers make investment decisions, even as AI's impact on the tightly regulated financial advice industry comes under scrutiny.The British bank told Reuters it was pilot ...
Australia's Syenta raises $26 million to ease AI chip bottleneck, former Intel CEO joins board
SAN FRANCISCO, April 21 : Syenta, an Australian semiconductor technology startup, said on Tuesday that it has raised $26 million for a new manufacturing technique that could help ease persistent supply chain bottlenecks for artificial intelligence.Along with the funding, the company said it will ope ...
Hong Leong Asia acquires bomb shelter supplier Yong Tai Loong for S$90.7 million
Therese Soh - The purchase will position the group for further growth in Singapore’s built environment sector
Nam Cheong sells two offshore support vessels for US$36.7 million
Chong Xin Wei - Net proceeds will fund the group’s shipbuilding activities, including fleet expansion
DFI Retail Group Q1 underlying profit from continuing businesses up 49%
Chong Xin Wei - It expects FY2026 underlying profit to be between US$270 million and US$300 million
Apple's Ternus era hints at renewed hardware focus, AI growth push
April 21 : Apple's appointment of longtime hardware chief John Ternus as CEO signals a renewed emphasis on its core strength in devices and focus on fusing AI capabilities into existing products to sustain growth, analysts said. Ternus, a 25-year veteran who has overseen development of key prod ...
Apple's post-Cook future hinges on whether Ternus can ignite AI growth
April 21 : Apple's leadership change is the start of a new phase for the iPhone maker, in which the focus will be on whether its deep hardware heritage can be successfully fused with AI to sustain growth in a fast-evolving tech landscape, Wall Street analysts said.Apple faces mounting AI‑driv ...
OUE Reit posts 8.4% rise in Q1 NPI to S$57.6 million
Chong Xin Wei - This comes amid stronger contributions from its commercial and hospitality segments
Hong Leong Asia pays $90.7 mil for household shelter supplier Yong Tai Loong
The Edge Singapore - Hong Leong Asia has paid $90.7 million in cash for privately-held Yong Tai Loong, a supplier of household shelters and other building materials. Yong Tai Loong, according to Hong Leong Asia, has six decades of history and is one of the five household shelter suppliers approved by HDB. The acquisitio ...
Trendlines portfolio company Celleste Bio introduces world’s first milk chocolate bars with cell-cultured cocoa butter
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, Celleste Bio, successfully produce the world’s first milk chocolate bars made with real cocoa butter using cell suspension culture technology. Major multinational snack company, Mondelēz International, used the co ...
DFI's underlying profit from continuing operations up 49% y-o-y in 1QFY2026
The Edge Singapore - Driven by strong performances in its health & beauty and home furnishing segments, DFI Retail Group has reported a 12% y-o-y growth in its continuing businesses for the first quarter this year. Coupled with "disciplined" cost control and lower financing costs, the company managed to im ...
Singapore blue chips rise marginally, in line with regional showing
Tay Peck Gek - STI gains 0.2% or 10.89 points to finish at 5,014.96
US Supreme Court to assess FCC power to fine in clash with wireless carriers
WASHINGTON, April 21 : The U.S. Supreme Court is set on Tuesday to hear a dispute involving fines imposed by the Federal Communications Commission on major U.S. wireless carriers for their alleged failure to safeguard customer data in the latest case to reach the justices challenging the powers of a ...
US Supreme Court leans toward FCC in clash with wireless carriers over fines
WASHINGTON, April 21 : The U.S. Supreme Court appeared inclined on Tuesday to preserve the Federal Communications Commission's system for levying fines in a challenge by major wireless carriers to the agency's regulatory power. During arguments in the case, most of the court's nine ju ...
China's Victory Giant jumps 50% in Hong Kong debut after US$2.6 billion offering
HONG KONG: Shares of Chinese circuit board maker Victory Giant Technology closed 50.1 per cent higher in their Hong Kong debut on Tuesday (Apr 21), after raising HK$20.1 billion (US$2.6 billion) in a share sale in the city's biggest listing in about seven months.Shares of the company, based in ...
Thales first-quarter sales jump nearly 10% as defence deliveries surge
April 21 : Europe's largest defence technology group Thales on Tuesday reported first-quarter sales well above analyst forecasts, with revenues rising nearly 10 per cent organically driven by surging defence deliveries.The group posted quarterly sales of 5.32 billion euros ($6.27 billion), up 9 ...
Suntec Reit flags near-term pressure on convention business as bookings slow in wake of Iran war
Ry-Anne Lim - Wait-and-see stance and cautious spending slow bookings, but pipeline remains steady with no cancellations for Suntec and other operators
Space investment in first quarter hits record as SpaceX IPO buzz lifts sector
April 21 : Global investment in space companies surged to a record in the first quarter of 2026, driven by larger late-stage financing and growing investor enthusiasm over SpaceX's public market debut, data from investment firm Seraphim Space showed on Tuesday.Funding reached $7.95 billion duri ...
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
Koh Kim Xuan - CICT’s acquisition of Paragon mall cements its dominance in Singapore’s retail space, say analysts
UK regulator investigates Telegram over child sexual abuse concerns
LONDON, April 21 : Britain's communications regulator on Tuesday launched an investigation into Telegram after evidence suggested child sexual abuse material was being shared on the platform and teen chat sites were being used by predators to groom children. The watchdog, Ofcom, said it had als ...
UK regulator probes Telegram over child sexual abuse concerns
LONDON, April 21 : Britain's communications regulator, Ofcom, launched an investigation on Tuesday into the Telegram messaging app after evidence suggested child sexual abuse material was being shared on the platform.The probe is part of UK efforts to crack down on children being exposed to har ...
NASA rover adds to the list of organic compounds detected on Mars
WASHINGTON, April 21 : Performing a type of experiment never before tried beyond Earth, NASA's Curiosity rover has identified more organic compounds on Mars as scientists strive to learn whether the Red Planet ever harbored life.Five of the seven diverse organic compounds confirmed by the six-w ...
US dollar gains on Iran peace optimism and upbeat retail sales
NEW YORK, April 21 : The U.S. dollar edged higher on Tuesday on optimism that the U.S. will reach a ceasefire deal in the war with Iran, while retail sales data for March pointed to a strong U.S. economy.The U.S. military said on Tuesday it had seized a tanker linked to Iran in international waters, ...
US dollar edges higher as Iran ceasefire deadline approaches
April 21 : The U.S. dollar edged higher on Tuesday after falling the day before as uncertainty over Middle East peace talks kept investors on the sidelines.The United States expressed confidence that peace talks with Iran would go ahead in Pakistan, but significant hurdles remain as the end of a two ...
Centurion Corp's A$45 mil acquisition of miners' dorm in Australia is akin to a 'toll road': UOBKH
The Edge Singapore - Adrian Loh of UOB Kay Hian has kept his "buy" call and $1.90 target price on Centurion Corp after the dormitory operator acquired an asset in Australia for miners for A$45 million. "We view this as a strategic opportunity to acquire an operational, income-generating asset at appraised ...
Here are SGX’s top 10 dividend and best-performing ETFs in the volatile first quarter
Koh Kim Xuan - Amid US-Venezuela tensions, Iran conflict, what ETFs, including dividend-paying ETFs, are top performing?
Sony, Honda scale back EV venture after Afeela halt
TOKYO, April 21 : Sony Group, Honda Motor and their joint venture Sony Honda Mobility said on Tuesday they have decided to scale down the venture's operations, after scrapping plans for its Afeela electric vehicles last month.• Employees at Sony Honda Mobility are expected to be reassigned to ...
