Investors say Elon Musk's SpaceX trading debut will be 'craziest IPO' ever
BOSTON/NEW YORK, Dec 11 : Investors welcomed reports that SpaceX was mulling a potential IPO that would help fund Elon Musk's Mars ambitions and value the rocket and satellite company at more than $1 trillion, as some have been waiting for years to buy into the company.SpaceX is looking to rais ...
AI startup Serval valued at $1 billion after Sequoia-led round to expand IT automation
Dec 11 : AI-powered IT support startup Serval has raised $75 million in a Series B funding round led by Sequoia, achieving a $1 billion valuation just three months after its previous funding round, the company told Reuters. The new funding brings Serval's total capital raised to $127 million. ...
DBS’ Tan Su Shan is 29th among Forbes’ 2025 World’s 100 Most Powerful Women; two other Singaporeans ranked
Chloe Lim - The other two are Temasek Trust chair Ho Ching and seasoned venture capitalist Jenny Lee
DBS’ Tan Su Shan among Forbes’ list of 100 most powerful women globally; two other Singapore leaders ranked
Chloe Lim - The others are Temasek Trust chair Ho Ching and seasoned venture capitalist Jenny Lee
Stocks mixed, with Oracle adding to AI jitters; dollar, US yields decline on Fed views
NEW YORK/LONDON, Dec 11 : Major stock indexes were mixed on Thursday, with technology-related shares down after cloud computing giant Oracle sounded a warning for artificial intelligence profitability, while the dollar and U.S. bond yields extended declines from the day before, when the Federal Rese ...
Oracle AI reality check knocks stocks, Fed cut saps dollar
LONDON, Dec 11 : World stocks stalled on Thursday as cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the U.S. Federal Reserve cut interest rates for a third meeting running.Despite the Fed relief, many heavyweight Asian an ...
Daily Debrief: What Happened Today (Dec 11)
Stories you might have missed
Can Manulife US Reit recover? Unitholders seek answers ahead of EGM
Shikhar Gupta - The real estate investment trust’s manager answers pointed questions from unitholders
Singapore stocks inch up after Fed rate cut; STI rises 0.2%
Benjamin Cher - Across the broader market, gainers edge out losers 256 to 244 after 1.1 billion securities worth S$1.3 billion change hands
Exclusive-AI software startup Harness valued at $5.5 billion in latest financing round
Dec 11 : Harness, an AI software development startup, has raised $200 million in a Goldman Sachs-led fundraising round that values it at $5.5 billion, the company said on Thursday.The financing marks a 49 per cent jump in the firm's valuation nearly four years after a Series-D round valued it a ...
Lendlease Global Commercial REIT enters facility agreement for $50 mil and accepts facility letter for up to $100 mil
Nicole Lim - Lendlease Global Commercial Trust Management (LREIT) has entered into a facility agreement worth $50 million and accepted an offer for an uncommitted revolving credit facility worth up to $100 million. These two facilities may be applied towards general corporate purposes and/or bridge financing of ...
Singtel hit with S$1 million fine for 2024 disruption that affected over 500,000 users
Shikhar Gupta - The incident on Oct 8 last year affected more than 500,000 users for more than four hours
Singtel hit with S$1 million fine for 2024 voice disruption
Shikhar Gupta - The incident on Oct 8 last year affected more than 500,000 users for more than four hours
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut
South Korea's SK On, Ford Motor to end US battery joint venture
SEOUL, Dec 11 : South Korean battery maker SK On said on Thursday that it has decided to end its joint venture with Ford Motor for their joint battery factories in the U.S. as part of a business overhaul to focus on growth areas like energy storage systems.The split marks a reset for one of the majo ...
China says talks with EU on electric vehicle minimum price plan resumed
BEIJING: China's commerce ministry on Thursday (Dec 11) said negotiations with the European Union over a minimum price plan for China-made electric vehicles have restarted and would continue into next week, while urging the bloc not to talk independently with manufacturers.The 27-member bloc ap ...
Malaysia’s new KL-JB train tickets snapped up ahead of debut; frequency to double in January
Tan Ai Leng - ‘Further increases’ will follow in the coming months, says the country’s Transport Minister Anthony Loke
Bank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates
Why you should sign off on this DocuSign investment
Thiveyen Kathirrasan - Nasdaq-listed DocuSign Inc is a leading provider of electronic signature solutions, with nearly 1.8 million customers and over 1 billion users across more than 180 countries. The company’s platform allows businesses of any size to digitally sign and manage agreements. DocuSign’s brand is well kn ...
UOB Kay Hian maintains ‘buy’ call for Valuetronics, sees upside from easing trade tensions
Kwan Wei Kevin Tan - UOB Kay Hian analysts maintain their “buy call” and $1.03 target price for Valuetronics. According to analysts John Cheong and Heidi Mo, the company will see improved order flows and new customers amid easing trade tensions between the US and Vietnam, the latter of which is where Valuetronics’ ...
Brookfield plans Singapore hires to tap Asia energy demand boom
The firm aims to bring in up to four people to focus on renewable-energy and low-carbon tech deals
US phone imports from Samsung hub Vietnam hit lowest level since 2020
HANOI, Dec 11 : U.S. imports of telephones and parts from Vietnam, one of its top suppliers, fell to their lowest levels in more than five years in November, according to official Vietnamese data, as exporters led by Samsung Electronics faced trade uncertainties and slowing consumer demand.Smartphon ...
China’s bargains aren’t fuelling inflation
Daryl Guppy - China is flooding global markets with cheap exports. This is not an unexpected consequence of US President Donald Trump’s tariff war against all nations. It is also a result that requires some deeper analysis. First, the hard figures. Exports grew 5.9% y-o-y in November. China is not a country or ...
India's equity mutual fund inflows rebound in November on strong earnings, low inflation
Inflows rose 21% month-on-month to 299.11 billion rupees
How the battle over Warner Bros turned into a blockbuster
Christopher Palmeri - Who ends up with the assets of Warner Bros Discovery Inc, the owner of one of Hollywood’s largest and most venerable film studios, is likely to impact the entertainment industry for decades to come. On Dec 5, the company announced that Netflix Inc, the world’s dominant streaming platform, had ag ...
India’s aviation watchdog deploys monitors to IndiGo offices
These teams are required to give daily reports to the Directorate General of Civil Aviation
Asian equities see biggest foreign outflows in nearly six years on tech valuation fears
Dec 11 : Asian equities witnessed their largest monthly foreign outflows in nearly six years in November, driven by a selloff in high-flying technology stocks as concerns over stretched valuations prompted investors to cut exposure.Foreigners sold a net $22.1 billion of shares in November across Tai ...
CLI closes second onshore sub-fund; targets 1.48 billion yuan in funds under management
Chloe Lim - It is under the CLI RMB Master Fund with CapitaMall Xinduxin, as the seed asset
Japan markets face 'behind the curve' rate risk on faster inflation, BlackRock's Chiguchi says
TOKYO, Dec 11 : Japanese markets could be jolted next year if the central bank finds itself "behind the curve" in taming inflation, according to BlackRock Japan’s chief investment strategist Yuichi Chiguchi.The Bank of Japan is widely expected to increase its key policy rate next week by ...
DBS bullish on developers, hikes up target prices for CDL, UOL, GuocoLand
Jessie Lim - The increase comes on lower interest rates and plans by developers to recycle capital and rejuvenate assets
Hongkong Land shares up 5% on S$1.45 billion sale of MBFC stake
Deon Loke - It is selling its stake to Keppel Reit, which will have two-thirds interest in the property upon completion
Hongkong Land shares end 5.5% higher on S$1.45 billion sale of MBFC stake
Deon Loke - The group is selling its share to Keppel Reit, which will have a two-thirds interest in the property upon completion
STMicroelectronics opens new 1-billion-euro credit line with EIB
Dec 11 : Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank (EIB).The first 500-million-euro slice will be used to support research and development and high-volume chip manufacturing in Italy and France, the ...
STMicroelectronics announces 1-billion-euro credit line with the EIB
Dec 11 : Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank (EIB).The first 500-million-euro slice will be used to support research and development and high-volume chip manufacturing in Italy and France, the ...
