Exclusive-SpaceX has held talks with Saudi fund for possible $5 billion investment in IPO, sources say
NEW YORK, April 2 : Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake of around $5 billion in the space company’s IPO, according to two people familiar with the matter.The investment would partly prevent d ...
Coinbase gets conditional US approval for trust charter
April 2 : Coinbase Global has received conditional approval from banking regulators for a national trust company charter, it said on Thursday, a move that could boost the top U.S. cryptocurrency exchange's appeal among large institutional investors. The U.S. has been taking a more crypto-friend ...
Coinbase gets conditional US approval for trust charter, Bloomberg News reports
April 2 : Coinbase Global has received conditional approval from banking regulators for a national trust company charter, Bloomberg News reported on Thursday, in a move that could boost the biggest U.S. cryptocurrency exchange's appeal among large institutional investors. Full approval from the ...
Geo Energy seeks to raise up to $18.375 mil by placing out new shares at 52.5 cents
Teo Zheng Long - Geo Energy Resources (SGX: RE4 ) plans to raise up to $18.375 by placing out up to 35 million new shares at 52.5 cents each. The placement price represents a discount of approximately 3.1% to the volume weighted average price of 54.2 cents and a discount of approximately 1.9% to the closing price of ...
AI animation studio Toonstar, HarperCollins team up on animated book projects
April 2 - Artificial intelligence powered animation studio Toonstar on Thursday unveiled a multi-year partnership with News Corp-owned HarperCollins to produce a slate of original animated series based on select titles from the book publisher.The partnership aims to expand access to HarperCollins� ...
Group of WTO states agrees not to impose e-commerce duties
GENEVA, April 2 : A group of states has agreed not to impose e-commerce customs duties among themselves after World Trade Organization members failed to agree on an extension to a long-running moratorium, a document showed on Thursday.Days of talks among trade ministers in Cameroon's capital Ya ...
Watch stocks attract interest, Oiltek is overbought, STI’s consolidation continues
Goola Warden - Oiltek International rose by 31% during the week March 30- Apr 2, to a new all-time high of $1.55, driving 21-day RSI to an all-time high of 87, which is an overbought high. Right Timing had an upside of $1.65 for Oiltek, and this may be tested before a correction sets in. The movement in the past f ...
Tesla’s EV sales miss expectations again in deepening slump
The company delivers 358,023 vehicles worldwide in the first quarter
Wall St opens lower after Trump's comments dent Iran resolution hopes
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Apr 2), in the last session of a holiday-truncated week, after President...
Singapore stocks end lower on Thursday amid geopolitical uncertainty; STI down 0.6%
Ranamita Chakraborty - Across the broader market, decliners outnumber advancers 368 to 210, after 1.5 billion securities worth S$1.7 billion change hands
Blackstone’s AirTrunk picks banks for Singapore Reit IPO: sources
Citigroup, DBS and Jefferies will help the Australian company to prepare for the listing
DBS, Citigroup to help Blackstone’s AirTrunk list Singapore Reit: sources
Citigroup, DBS and Jefferies will help the Australian company to prepare for the listing
Netflix searches for franchises after losing out on Harry Potter
LOS ANGELES, April 2 : After losing its bid for Warner Bros Discovery’s rich trove of characters and stories, Netflix is forging ahead with the challenging work of building culture-defining franchises on its own.Chief Creative Officer Bela Bajaria said Netflix would keep investing in original idea ...
Competition watchdog seeks public feedback for Zuellig Pharma-Eli Lilly deal
Shikhar Gupta - Pact includes Zuellig Pharma having exclusive rights to manufacture the prescription erectile dysfunction medication, Cialis, in Singapore
Indonesia publishes list of high-concentration stocks following MSCI transparency push
Elisa Valenta - It reveals the level of ownership concentration among a company’s shareholders
Indonesia names companies with high ownership concentration following MSCI transparency push
Elisa Valenta - List includes Barito Renewables Energy and Dian Swastatika Sentosa
Grab to provide delivery-partners with fuel vouchers amid rising fuel expenses
SINGAPORE: Grab Singapore will provide fuel vouchers to its delivery-partners amid rising fuel costs linked to the Middle East conflict.The move will bring its total financial support for its partners to about S$1.4 million (US$1 million), it said in a media release on Thursday (Apr 2).The company i ...
Western Union completes acquisition of Singtel’s Dash
Nurdianah Md Nur - Western Union has completed its acquisition of Dash, the Singapore-based mobile wallet owned by Singtel. The deal, finalised after regulatory approvals, gives Western Union access to a platform with more than 1.4 million users in Singapore. Launched in 2014, Dash offers payments, remittances, saving ...
Singapore convenes crisis committee to boost energy resilience and support amid Iran war
Elysia Tan - Firms and households can expect enhanced, earlier assistance, with targeted help for more severely affected sectors: PM Wong
Singapore biotech Mirxes misses 2025 results deadline as auditors probe vendor payments
Tessa Oh - Trading in company’s shares is suspended until its results are published
Singapore’s Q1 investment banking fees hit 3-year high of US$187.8 million
Deon Loke - Citi emerges tops with a 12.7% wallet share
BioNTech to close vaccine manufacturing plant in Singapore by 2027
The German biotechnology company currently employs 85 people at its manufacturing plant in Tuas.
Singapore’s SMEs get a structured push to turn AI into results
Nurdianah Md Nur - SGTech has launched a structured yet flexible programme to help small and medium-sized enterprises (SMEs) move from AI curiosity to measurable business impact. Called the AI-Ready Enterprise Initiative, it takes SMEs through three stages: Foundation builds basic awareness, Engage embeds AI into work ...
Private banker Evonne Tan to lead Asia business for Schroders Wealth Management
Lin Daoyi - Evonne Tan, head of Barclays private bank in Singapore, will be joining Schroders Wealth Management as CEO of Asia Wealth Management on Jul 1, 2026. In her new appointment, Tan will be spearheading the business unit’s strategic growth, strengthening client relationships and enhancing a high-perfor ...
Savills appointed to sell iconic GBP450 mil island site at London’s Piccadilly Circus
Jovi Ho - Savills, alongside investment bank Lazard, has been jointly appointed by London-listed REIT Landsec to sell the freehold of its one-acre island site at London’s famous Piccadilly Circus, which includes newly developed offices, prime retail units and the land that underpins the famed Piccadilly Lig ...
China tells private refiners to keep up fuel output at all costs
Any refineries that cut run rates and produce lower volumes will have their oil import quotas cut accordingly for the coming years
Bitcoin tumbles as Trump signals harder Iran strikes
Investors have pulled back from risk assets after the US president dampened hopes of an end to the conflict
Hyatt appoints Vikas Chawla president of India and Southwest Asia
Jovi Ho - New York-listed global hospitality group Hyatt Hotels has appointed Vikas Chawla in the newly created role of president, India and Southwest Asia, to lead the business in the region from April 1. Chawla joins from food and facility management solutions provider Compass Group, where he led India oper ...
BofA raises target price for SGX to $20.50; valuations look full
Kwan Wei Kevin Tan - Bank of America analysts Sukriti Bansal and Aiden Chionh have upgraded the Singapore Exchange (SGX: S68 ) to “neutral” from “underperform” and raised their target price to $20.50, a 39% increase from their initial target price of $14.70. Sukriti and Chionh’s neutral rating is anchored on t ...
CGSI cuts SIA’s earnings projections for FY2027 by nearly 40% as fuel prices surge
Tay Peck Gek - The research house has also trimmed its forecast for the group’s FY2026 core net profit by 4%
No price hike for Mediacorp’s World Cup subscription as fees stay at S$98 and S$118
[SINGAPORE] There will be no price hike for the 2026 World Cup subscription plans in Singapore, after Mediacorp announced that fans here...
France to announce measures to favour data centres in coming weeks, Finance Minister says
PARIS, April 2 : French Finance Minister Roland Lescure said on Thursday his government expects to announce in the coming weeks new measures to encourage setting up data centres in the country.He added investors in Japan are looking at Europe to install data centres.
Barclays’ private banking head Evonne Tan to be CEO of Schroders Asia Wealth Management from Jul 1
Her appointment comes as the private bank aims to ramp up investment in Asia
The real shine behind Singapore’s golden ambitions is not in gold’s meteoric price increase
Jude Chan - Investors are faring well with listed gold counters hitting fresh highs, but the Republic is also aiming to benefit with the region’s...
