Dassault Systemes in talks to buy drug trial software firm ArisGlobal, FT reports
July 16 : French software maker Dassault Systemes is in talks to buy drug-trial software maker ArisGlobal from Nordic Capital for about $2 billion, the Financial Times reported on Thursday, citing people familiar with the matter.• The potential deal would extend Dassault Systemes' foray into ...
Citadel Securities invests $400 million in Crypto.com at $20 billion valuation
July 16 : Crypto.com said on Thursday that market maker Citadel Securities had invested $400 million in the crypto exchange at a $20 billion valuation, in its first-ever institutional fundraising round.Banks, exchanges and asset managers have rapidly blurred the line between traditional finance and ...
Scientists find new monkey species in Congo's rainforest
July 16 : Scientists have identified a new species of monkey in Democratic Republic of Congo's rainforest, distinguished by patches of light-colored skin around its mouth, Florida Atlantic University said in a statement.• The discovery marks only the fifth new monkey species identified in Afr ...
Brookfield-backed Csquare valued at $3.2 billion in NYSE debut
July 16 : Brookfield-backed data center provider Csquare's shares opened marginally lower before closing 1.57 per cent lower in their New York Stock Exchange debut on Thursday, after the initial public offering was priced below its marketed range.Shares opened at $20.9 after the Dallas-based co ...
Brookfield-backed Csquare valued at $3.24 billion in NYSE debut
July 16 : Brookfield-backed data center provider Csquare's shares opened marginally lower before trading down about 3 per cent in their New York Stock Exchange debut on Thursday, after the initial public offering was priced below its marketed range.Shares opened at $20.9 after the Dallas-based ...
US wireless carrier Verizon to sell 274 stores, lay off another 500 corporate employees
July 16 : U.S. wireless carrier Verizon said on Thursday it will sell 274 company-owned retail locations and cut about 500 corporate jobs as part of its restructuring.The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after the sale, effective August 16. ...
Italy fines WINDTRE €1.7 million over data breaches
MILAN, July 16 : Italy's data protection authority has fined telecoms operator WINDTRE €1.7 million ($1.94 million) for "serious shortcomings" in its data security systems, leading to two unauthorised breaches and the exposure of personal information belonging to more than 365,000 c ...
US agency denies Tesla petition to avoid recall fix over headlight issue
WASHINGTON, July 16 : The National Highway Traffic Safety Administration on Thursday said it was denying a 2024 petition filed by Tesla to avoid a recall fix for nearly 20,000 vehicles with headlights that may exceed maximum lighting levels.Tesla argued the issue was inconsequential to motor vehicle ...
Geo Energy’s new infrastructure unit to boost Ebitda by up to US$350 million annually
Ranamita Chakraborty - Newly operational Marga Bara Jaya integrated unit marks a new source of earnings beyond coal mining
Short sellers notch $8.7 billion profit as SpaceX shares dip to IPO price
NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering last month, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers, ...
Short sellers rack up $8.7 billion profit as SpaceX slips below IPO price -Ortex
NEW YORK, July 16 : Short sellers targeting SpaceX shares are sitting on an estimated $8.7 billion in paper profit since the rockets-to-AI firm's initial public offering, as its stock slipped below the IPO price, according to data and analytics firm Ortex Technologies.Short sellers aim to sell ...
Trump Media to license Truth Social data to financial services firms
July 16 : Trump Media & Technology Group on Thursday launched Truth API, a licensed data feed that will provide financial services companies with "the fastest" access to posts from the highest-ranking Truth Social accounts.The paid-for API (application programming interface) is aimed a ...
Trump Media unveils data feed for businesses tracking Truth Social posts
July 16 : Trump Media & Technology Group on Thursday launched "Truth API", a data feed that will provide businesses with real-time access to posts from the highest-ranking Truth Social accounts.The API (application programming interface) is aimed at giving organizations that prioritize ...
Organised crime groups move billions through crypto, global financial crime watchdog warns
PARIS, July 16 : Criminals are taking advantage of gaps in regulation to move billions in illicit proceeds through the crypto industry, the Financial Action Task Force said on Thursday, in its latest review into the role of virtual assets and illicit finance.The report by Paris-based FATF, an interg ...
S&P 500, Nasdaq open lower as chip stocks weaken
[NEW YORK] The S&P 500 and the Nasdaq opened lower on Thursday (Jul 15) as chip stocks weakened again, while investors parsed...
Singapore-founded Paymonade secures licence to offer crypto-asset services across EEA
Ranamita Chakraborty - Singapore-led firm is on the MiCA register which is dominated by European and US-based entities
IMF says new Bangladesh programme talks ahead, sees growth slowing
DHAKA, July 16 : The International Monetary Fund said on Thursday that its staff team had concluded a visit to Bangladesh at the government's request and that discussions on the parameters of a new arrangement would take place in the coming months.IMF staff project Bangladesh's economic gr ...
Abbott raises 2026 profit forecast on strength in diagnostics, heart devices
Abbott’s quarterly sales in its medical devices segment grew 9% to US$5.85 billion
Micron signs deals with Qualcomm, others for AI-powered automobile chip components
July 16 : Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio products maker Harman, to secure memory and storage components that powers AI-enabled vehicles.The agreements come as the industry races to expand manufacturing c ...
US dollar near one-month low as concerns over oil prices remain subdued
[LONDON] The US dollar hovered near its one-month low on Thursday (Jul 16) as investors weighed subdued US inflation data, which dampened...
Analysts positive on FCT’s potential award to build ‘next suburban retail landmark’ at Bayshore
Jovi Ho - Analysts are positive on Frasers Centrepoint Trust’s (FCT) potential involvement in building the “next suburban retail landmark” at Bayshore, after a Frasers Property-led consortium submitted the highest bid of $2.13 billion in a tender that closed on July 15. The 99-year leasehold Bayshore Dr ...
Geo Energy announces operational launch of MBJ Integrated Infrastructure
Teo Zheng Long - Coal miner Geo Energy Resources (SGX: RE4 ) announced that the MBJ Integrated Infrastructure has begun operational on July 16, with the first loading operation from PT Triaryani (TRA) coal mine of around 50,000 tonnes of shipment valued at around US$3.2 million ($4.1 million). Geo Energy expects thi ...
Google required to open up to AI, search engine rivals under EU-mandated changes
BRUSSELS, July 16 : Alphabet's Google will have to help OpenAI and other AI rivals as well as online search engine competitors access its services to comply with EU rules curbing the power of Big Tech, EU regulators said as they set out the details of the requirements.The move by the European C ...
Snowflake unveils $448 million pay plan for CEO tied to ambitious stock targets
July 16 : Snowflake on Thursday unveiled a compensation package worth up to roughly $448 million for CEO Sridhar Ramaswamy, hinging on the cloud-based data analytics platform's market value almost doubling to $184 billion in seven years.Ramaswamy's award, totaling 1 million shares, is stru ...
CXMT'S Shanghai IPO more than 200 times oversubscribed by retail investors
BEIJING, July 16 : Chinese chipmaker CXMT's Shanghai STAR Market IPO was more than 200 times oversubscribed by retail investors, according to an exchange filing on the share offering.The final lot-winning rate in the so-called "online tranche" of the offering - mainly for retail inves ...
Lazada, Shopee double down on affiliate marketing to compete with TikTok Shop in South-east Asia
Benjamin Cher - This is also as the e-commerce industry matures, shifting away from a race for scale
US probes Samsung for alleged infringement of Netlist's memory-chip patents
July 16 : U.S. trade regulators have launched a probe into Samsung Electronics' memory chips and products sold by Google, Nvidia, Broadcom and Super Micro Computer that use them after a complaint by Netlist alleging infringement of its patents.California-based Netlist has accused Samsung and it ...
Singapore stocks fall amid mixed regional showing; STI down 0.4%
Hongkong Land leads the gainers on the blue-chip index
India's Tech Mahindra tops quarterly revenue views on manufacturing segment growth
BENGALURU, July 16 : Indian software services provider Tech Mahindra's first-quarter revenue beat expectations on Thursday, with growth in the firm's manufacturing segment and a weak rupee helping the topline.Revenue at India's fifth-largest IT firm rose 17.7 per cent year-on-year to ...
India's Tech Mahindra beats quarterly revenue estimate
BENGALURU, July 16 : Indian software services provider Tech Mahindra reported larger-than-expected first-quarter revenue on Thursday, aided by its communications and manufacturing segments and a weak rupee.Revenue at India's fifth-largest IT firm rose 17.7 per cent year-on-year to 157.12 billio ...
India's Wipro lags peers after earnings miss, weak forecast
BENGALURU, July 16 : Wipro missed quarterly earnings estimates and forecast a weak recovery, raising fresh concerns about the Indian IT firm losing ground to rivals as demand in its key Americas market softens.After Thursday's news, its U.S.-listed shares fell as much as 2.2 per cent in pre-mar ...
India's Wipro misses first-quarter revenue view
BENGALURU, July 16 : India's No.4 software services provider Wipro posted lower-than-expected first-quarter revenue on Thursday, with clients holding back non-essential tech spending as geopolitical uncertainty and AI-led disruption weighed on the sector. Consolidated revenue in the three month ...
Singapore has no choice but to double down on trusted-hub status amid US-China friction: NUS dean
Jean Low - NUS professor Joseph Liow notes that the Manus episode reflects the wider geopolitical pressures facing S-E Asia
Google loses court fight against US$854,250 Italian fine over gambling advertising
Europe’s top court sided with Italy’s communication authority
