Mazda is first foreign automaker to lose buyback rights in Russian JV, ex-partner says
Japan's Mazda Motor has lost the right to buy back its 50 per cent stake in a car-manufacturing joint venture in Russia after failing to exercise an option to do so, its former Russian partner Sollers told Reuters.Abandoning the Russian market after Moscow's invasion of Ukraine in 2022, gl ...
NetLink Trust posts 10.2% drop in H1 profit to S$43.5 million on higher depreciation
Low Youjin - Revenue is up 1.1% year on year at S$207.1 million
NetLink posts 10.2% drop in H1 profit to S$43.5 million on higher depreciation
Low Youjin - Revenue up 1.1% at S$207.1 million
Eaton beefs up data center segment with $9.5 billion Boyd Thermal deal
Eaton will acquire Boyd Corporation's thermal business from Goldman Sachs Asset Management for $9.5 billion, the fourth deal this year for the power management firm that's seeking to bolster its data center segment to cater to AI demand surge.Boyd Thermal forecast sales of $1.7 billion for ...
Canadian quantum computing firm Xanadu to list on Nasdaq via $3.6 billion SPAC deal
Xanadu Quantum Technologies will go public on the Nasdaq through a merger with blank-check firm Crane Harbor Acquisition Corp in a $3.6 billion deal, the companies announced on Monday.The Canadian quantum computing firm expects to fetch nearly $500 million through the SPAC deal, including a $275 mil ...
CapitaLand Investment issues statement on WSJ report on potential merger with Mapletree Investments
Nicole Lim - CapitaLand Investment (CLI) has issued a statement in response to a WSJ report about a potential merger with Mapletree Investments on Nov 3, saying it does not comment on rumours or speculation. The Wall Street Journal published earlier in the day an article detailing the exploration of a merger bet ...
Indonesia mulls buying more Airbus military aircraft: President Prabowo
JAKARTA: Indonesia could purchase four more units of Airbus' A400M military transport aircraft, President Prabowo Subianto said on Monday (Nov 3), as he seeks to upgrade his country's ageing arsenal.Prabowo was speaking to reporters at a military airbase in Jakarta, where the first of two ...
Microsoft signs US$9.7 billion AI cloud deal with Australia’s IREN to secure Nvidia systems
Once fully implemented, the deal is expected to generate about US$1.94 billion a year for IREN
MAS to encourage livelier capital markets for alternative risk financing, strengthening Singapore’s insurance hub status
Ranamita Chakraborty - The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions that address...
MAS to encourage a livelier capital market for alternative risk financing, strengthening Singapore’s insurance hub status
Ranamita Chakraborty - The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions that address...
MAS looks to catalyse demand for alternative risk financing, strengthening Singapore’s insurance hub status
Ranamita Chakraborty - The central bank will also work with the industry to boost demand for insurance-linked securities in the Republic
Microsoft signs $9.7 billion contract with IREN for Nvidia chips
Data center owner and operator IREN said on Monday it has signed a cloud services contract worth about $9.7 billion with Microsoft to provide the tech giant with access to Nvidia's GB300 processors over a five-year period.
Pakistan October inflation rises to 6.2%, highest in 12 months
KARACHI :Pakistan's consumer price inflation accelerated to 6.2 per cent year-on-year in October, the highest reading in 12 months, data showed on Monday, as food prices rose following floods and temporary border disruptions strained supply chains.On a month-on-month basis, prices were up 1.8 p ...
Payroll startup Deel names former Intuit executive Kauffman as CFO for IPO goal
Deel on Monday appointed former Intuit executive Joe Kauffman as president and chief financial officer to support the payroll startup's possible plans to go public as soon as next year.Kauffman succeeds founding CFO Philippe Bouaziz, who will take on the newly created role of executive chairman ...
Wee Hur selling Adelaide student accommodation property for S$14.2 million
Tay Peck Gek - The buyer is Grenfell Trust, an indirect 90.48 per cent owned sub-trust of Wee Hur PBSA Fund III A
Interior fit-out firms are a growing listco cluster, thanks to hospitality and building sectors
Teo Zheng Long - There has been a flurry of new listings on the Singapore Exchange (SGX) this year. Coincidentally, two of the latest listings this year, Dezign Format Group and Lum Chang Creations, are both in what can be broadly described as the interior fitting industry. Companies try to emphasise their own niche ...
NetLink NBN Trust DPU up 1.1% y-o-y to 2.71 cents for 1HFY2026
Nicole Lim - NetLink NBN Trust has reported a distribution per unit of 2.71 cents for the 1HFY2026 ended Sept 30, up 1.1% y-o-y. Profit after tax for the 1HFY2026 declined 10.2% y-o-y to $43.5 million. Revenue for the reporting period came in 1.1% y-o-y higher at $207.1 million, while ebitda remained unchanged a ...
Trendlines eyes some exits to bridge valuation gap after fundraise
Teo Zheng Long - For many shareholder-pleasing companies listed here, their priority is on recurring income and dividends. Trendlines Group sticks out in more ways than one. The Israel-based investment firm in agrifood and medical technologies was listed here around a decade ago, when the Singapore Exchange (SGX) wa ...
Daily Debrief: What Happened Today (Nov 3)
Stories you might have missed
PC Partner receives approval from HKEX to delist from Hong Kong, subject to shareholders approval at EGM
Nicole Lim - PC Partner Group has announced that it received approval from the listing committee of the Stock Exchange of Hong Kong (HKEX) for the proposed HKEX delisting. The electronics company announced a year prior its intention to convert its secondary listing on the Singapore Exchange Group (SGX) to a prim ...
Singapore stocks track regional market gains; STI up 0.4%
Navene Elangovan - Local telco Singtel is the most actively traded counter on the STI by volume. It ends the day at S$4.26, 0.2% up
Clearbridge Health launches adult immune cell banking business, targets Southeast Asia and Hong Kong
Nicole Lim - Catalist-listed Clearbridge Health has launched its adult immune cell banking business, targeting Southeast Asia and Hong Kong as primary markets. The business is operated through Clearbridge’s wholly-owned subsidiary Cell Entrust Bio Co, based in Hong Kong. The cell banking service enables indivi ...
Pony AI prices HK listing, seeks to raise up to $864 million
HONG KONG :Chinese autonomous driving firm Pony AI has set the final offer price for its Hong Kong listing at HK$139 ($17.90) per share, a filing with the exchange showed on Monday.Reuters reported earlier in the day that the firm was set to price its Hong Kong listing at HK$139 apiece, citing two p ...
Pony AI set to price Hong Kong listing at HK$139 per share, sources say
HONG KONG :Chinese autonomous driving firm Pony AI is set to price its Hong Kong listing at HK$139 ($17.90) per share, two people with knowledge of the matter said on Monday.Pony AI is planning to fully exercise an upsize option by issuing 6.3 million additional shares to raise a total of HK$6.7 bil ...
Eni, Petronas merge Indonesia, Malaysia assets in joint venture
The new entity, NewCo, will manage 19 assets, 14 in Indonesia and five in Malaysia
UOB KayHian initiates ‘Buy’ call on ASL Marine with target price of 33 cents
Teo Zheng Long - UOB KayHian analyst Heidi Mo has initiated coverage on ASL Marine with a “buy” call and a target price of 33 cents. Mo’s target price is based on FY2026 P/E of 11.6 times, which is a 15% discount to its peers’ average of 13.8 times, reflecting ASL Marine’s smaller size and liquidity. In he ...
Industrial giants regain footing as tariff turmoil recedes
US industrial companies at present are reporting their best year-on-year revenue growth, since the first quarter of 2023 at 6.3%
India’s RBI is back defending rupee as October gains fizzle
The Indian rupee is inching closer to a new low again, with the central bank’s recent interventions providing only a limited respite...
India’s RBI is back defending rupee low as October gains fizzle
The Indian rupee is inching closer to a new low again, with the central bank’s recent interventions providing only a limited respite...
Tesla to buy $2 billion of ESS batteries from Samsung SDI over 3 years, newspaper says
SEOUL :South Korea's Samsung SDI has reached an agreement with Tesla to supply more than 3 trillion won ($2.11 billion) worth of ESS (Energy Storage System) batteries to Tesla over three years, the Korea Economic Daily reported on Monday.The newspaper cited an unnamed source in the battery indu ...
CDLHT poised to benefit from interest-rate cuts as hotel outlook improves
Nathania Chew - [SINGAPORE] CDL Hospitality Trusts (CDLHT) is shaping up to become one of the key beneficiaries of falling interest rates.
David Cote-backed CompoSecure to make $5 billion bid for Husky Technologies, WSJ says
Fintech firm CompoSecure, backed by former Honeywell CEO David Cote, is set to buy Husky Technologies from Platinum Equity for roughly $5 billion including debt, the Wall Street Journal reported on Monday.The Husky deal will be partly funded by a roughly $2 billion PIPE, or private investment in pub ...
Singapore share buyback consideration hits 10-year high of S$1.91 billion
Deon Loke - Companies are ramping up repurchases amid broad market volatility
SGX share buyback consideration hits 10-year high of S$1.91 billion
Deon Loke - Companies are ramping up repurchases amid broad market volatility
