Autodesk focused on strategy, signals deal with PTC will not happen
NEW YORK :Design software maker Autodesk said in a regulatory filing on Monday that it plans to pursue its "strategic priorities" and make only "targeted and tuck-in acquisitions," signaling there will be no deal with software firm PTC.San Francisco-headquartered Autodesk's ...
US dollar steadies amid muted reaction to Trump’s 30% tariff threat to EU and Mexico
The euro and Mexican peso dip, but Bitcoin surpasses US$120,000 level for the first time
India's HCLTech narrows revenue forecast, sees demand stability
BENGALURU :HCLTech, India's third-largest IT services provider, reported mixed quarterly results on Monday, where its revenue beat analyst estimates but profit fell more than expected.The company's net profit for the June quarter fell 9.7 per cent from a year ago to 38.43 billion rupees. M ...
India's HCLTech beats first-quarter revenue view, narrows forecast
BENGALURU :HCLTech, India's third-largest software services provider, reported better-than-expected quarterly revenue on Monday, aided by growth in Europe and "rest of world" geographies.It posted an 8.16 per cent rise in consolidated revenue to 303.49 billion rupees ($3.53 billion) i ...
Two River Valley area projects – River Green and Promenade Peak – begin previews this week
Jessie Lim - These are the first launches coming out of a cluster of four government land sale sites tendered in the area
BOJ finishes offloading bank stocks, bringing focus to ETFs
The central bank has fully unwound its shareholdings purchased from banks, well ahead of its March 2026 deadline
Google-backed coalition to help scale ocean, rock carbon removals
LONDON :A coalition backed by Google, Stripe and Shopify will spend $1.7 million to buy carbon removal credits from three early stage firms on behalf of the tech giants to help scale up the nascent markets, an executive told Reuters.The world is expected to need to suck between five and 10 billion t ...
Goh Jin Hian’s lawyers explain appeal win, discuss board directors’ duty of care
Jovi Ho and Ruth Chai - To guard against fraud and any potential liability, company directors must be familiar with all business lines and subsidiaries’ operations, while making sure all transactions “make sense”, says Thio Shen Yi, joint managing partner at TSMP Law Corporation. This becomes especially important whe ...
BRC Asia secures contracts for Changi Airport Terminal 5 project worth S$570 million
Tan Nai Lun - This brings company’s total outstanding sales order book to S$2 billion as at Jul 14
Mooreast forms partnerships with Norwegian and Korean firms
Mooring specialist Mooreast Holdings has partnered with Norway-based GeoProvider AS to strengthen capabilities in offshore data analysis and enhance its value proposition to the floating offshore renewable energy market. Under this partnership, Mooreast will tap into GeoProvider’s extensive geotec ...
Dollar-selling is becoming a bubble, which may burst, HSBC says
Traders appear to be fixated on the dollar’s steep decline this year, and tempted to extrapolate that to future performance
Economists upgrade 2025 outlook after
Q2 GDP turns out better than expected
Sharon See - Front-loading of exports and manufacturing before end of 90-day pause in US tariffs boosted Q2; slowdown in H2 expected as effect fades
Economists upgrade 2025 GDP outlook even if economy expected to slow in H2
Sharon See - The better-than-expected GDP performance in Q2 is largely due to the front-loading of exports and manufacturing before the 90-day pause in US...
BRC Asia wins $570 million contract for Changi Airport's Terminal 5
The Edge Singapore - BRC Asia has won orders worth some $570 million to supply steel reinforcement for the substructure of the airport's Terminal 5 construction. The contract was awarded by the joint venture between the Singapore branch of China Communications Construction Company and Obayashi Singapore. With this, ...
Maritime, aviation sectors can learn from each other in tackling conflict risks, climate change: transport leaders
Low Youjin - Singapore will work with international bodies to develop joint training in areas such as safety and sustainability
Singapore proposes to bar convicted money launderers from directorships
Mia Pei - Public feedback sought on a range of corporate and accounting law reforms, including ones aimed at reducing regulatory burden
NIQ Global targets up to $7.3 billion valuation in US IPO as private equity listings return
Consumer intelligence company NIQ Global is targeting a valuation of up to $7.26 billion on a fully diluted basis in its U.S. initial public offering (IPO), as private equity-backed listings begin to re-emerge after a recent slowdown.The Chicago, Illinois-based company, which is backed by investment ...
NIQ Global targets $7.3 billion valuation in US IPO as private equity listings return
Consumer intelligence company NIQ Global is targeting a valuation of up to $7.26 billion on a fully diluted basis in its U.S. initial public offering, as private equity-backed listings begin to re-emerge after a recent slowdown.The Chicago, Illinois-based company, which is backed by investment giant ...
Advent-backed NIQ Global targets up to $7.1 billion valuation in US IPO
Consumer intelligence company NIQ Global is targeting a valuation of up to $7.08 billion in its U.S. initial public offering, as private equity-backed listings start to trickle in after a slowdown.The Chicago, Illinois-based company, backed by investment giants Advent International and KKR, is aimin ...
Daily Debrief: What Happened Today (Jul 14)
Stories you might have missed
China clears Synopsys’s US$35 billion Ansys buyout in US win
Following Beijing’s decision, the company has cleared one of the last major hurdles to a deal to intended to shore up its...
Crypto bills set to advance this week take industry closer to mainstream
The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance. The House of Representatives is set to pass a series of crypto- ...
What family offices need from wealth managers today
The latter need to become trusted advisers who can offer integrated solutions and specialist guidance
Meta investors, Zuckerberg to square off at $8 billion trial over alleged privacy violations
WILMINGTON, Delaware :Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users' data to be harvested without their consent.Shareholders of M ...
Crypto exchanges rushed to list Trump's coin - leaving many losers and some big winners
NEW YORK :Crypto exchange Coinbase assures users on its website that it puts any new digital coin through "rigorous" vetting before allowing it to trade. It's an at-times lengthy process meant to protect customers by examining the people connected to the project and the risk of market ...
Singapore shares hit new high; STI up 0.5%
Navene Elangovan - Across the broader market, advancers beat decliners 315 to 191 after 1.5 billion securities worth S$1.4 billion change hands
King Wan wins $28.3 million worth of M and E contracts
The Edge Singapore - King Wan Corporation has won contracts worth some $28.3 million between April and June. The contracts are for mechanical and electrical work at projects including the proposed residential flats development at Beach Road / Nicoll Highway; a food factory development at Kallang Way; as well as a landed ...
Partners Group transfers Techem stake to its infrastructure fund
Rise Climate, Mubadala, GIC take minority shares in new transaction
Broadcom scraps microchip plant investment in Spain, report says
MADRID :U.S. chipmaker Broadcom has pulled out of plans to invest in a microchip plant in Spain as talks with the government have broken down, news agency Europa Press reported on Sunday citing unidentified sources.Spain's Digital Transformation Ministry and Broadcom did not immediately respond ...
Three Singapore gencos to study carbon capture and storage to decarbonise power sector
Sharanya Pillai - The studies will allow EMA and the industry to identify infrastructure and site-specific requirements
Musk says he does not support merger between Tesla and xAI
[AUSTIN] Elon Musk said on Monday (Jul 14) he does not support a merger between his electric vehicle maker Tesla and his...
BYD aims to triple Saudi footprint after Tesla enters market
The firm expects to sell more than 5,000 vehicles this year in the kingdom
Lim & Tan initiates coverage on Lum Chang Creations with 38-cent target price
Lim & Tan Securities has initiated coverage on Lum Chang Creations, recommending investors “subscribe” to its initial public offering (IPO), which will launch on the Singapore Exchange’s (SGX) Catalist board on July 21. Lim & Tan’s target price is set at 38 cents, a 52% upside to its ...
Musk suggests Tesla investor vote on xAI investment, rules out merger
Elon Musk ruled out a merger between Tesla and xAI but said he plans to hold a shareholder vote on investment in the artificial intelligence startup by the automaker, in the latest step to deepen integration across his business empire.His comments followed a Wall Street Journal report on Saturday th ...
