Nordic Group wins new orders worth $48.7 mil
The Edge Singapore - Nordic Group Limited has won several contracts worth a total of $48.7 million from both new and repeat customers, the company announced on July 12. In its 1QFY2025 business update on June 30, Nordic had said its order book as of March 31 was $197.8 million. According to the company, its system Integ ...
Nordic Group wins new orders worth $48.7 million
The Edge Singapore - Nordic Group Limited has won several contracts worth a total of $48.7 million from both new and repeat customers, the company announced on July 12. In its 1QFY2025 business update on June 30, Nordic had said its order book as of March 31 was $197.8 million. According to the company, its system Integ ...
Kraft Heinz explores grocery business spinoff worth up to US$20 billion: source
[Bengaluru] Kraft Heinz is studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into a...
US dollar has best week since February on tariff inflation risks
[NEW YORK] The US dollar turned in its best weekly performance in more than four months as US President Donald Trump’s latest...
SGX gives approval-in-principle to FHT to delist
The Edge Singapore - Frasers Hospitality Trust has received approval-in-principle from the Singapore Exchange to delist, once the privatisation scheme becomes effective and binding. FHT will then seek unitholders' go-ahead at a scheme meeting to be called, where at least 75% of unitholders in value present at the m ...
Musk's xAI seeks up to US$200 billion valuation in new funding
Ed Ludlow and Kurt Wagner / Bloomberg - XAI Holdings, Elon Musk’s artificial intelligence and social media company, is in talks to raise more money at a valuation of as much as US$200 billion, according to a person familiar with the matter. The company recently raised US$10 billion, split evenly between debt and equity. Now, it’s movi ...
Jane Street India ban threatens 900% rally for Asia's oldest stock exchange
Alex Gabriel Simon / Bloomberg - Asia’s oldest stock exchange was preparing to celebrate its 150th anniversary when a storm of bad news upended the festivities. On Monday, a report revealed deepening losses in equity derivatives among India’s retail traders, fueling concerns that the Securities and Exchange Board of India may i ...
Boeing evades 737 MAX trial after settlement with man whose family died in Ethiopia
CHICAGO: Boeing reached a settlement Friday (Jul 11) with a Canadian man whose wife and three children were killed in a deadly 2019 crash in Ethiopia, averting the first trial connected to the devastating event that led to a worldwide grounding of Max jets. The jury trial at Chicago’s federal cour ...
Google to pay $2.4 billion in deal to license tech of Windsurf, WSJ reports
Google has agreed to pay about $2.4 billion in a deal to license the technology of artificial intelligence-assisted coding tool Windsurf, The Wall Street Journal reported on Friday, citing people familiar with the matter. Reuters could not immediately confirm the report.Earlier on Friday, a Google s ...
Musk’s xAI seeks up to US$200 billion valuation in next funding round: report
[Mexico City] Elon Musk’s xAI is preparing to raise more money from investors in a deal that could value the artificial intelligence...
Trump’s 50% copper import tariff said to cover refined metal
[NEW YORK] US President Donald Trump’s promised 50 per cent copper tariffs are set to include all refined metal, indicating the president’s...
Universal access to quality public healthcare is the right of every Malaysian
Tong Kooi Ong & Asia Analytica - We have written extensively on Malaysia’s evolving healthcare and medical insurance crisis, and particularly how it is worsening the financial strain being placed on struggling middle-income families. We had no intention of doing a follow-up article. However, after reading about the government’s ...
Breaking into Japan? Start with Facebook, not LinkedIn
[SINGAPORE] If you’re planning to grow a business in Japan and you’re betting on LinkedIn, you might want to take a beat....
Does working from home kill company culture?
Our analysis suggests it depends on what sort of culture bosses want
Building Asia’s low-carbon industrial future
Lee Ark Boon - Asia’s manufacturing boom has fuelled global growth — but now, it must lead the next wave: sustainable industrialisation. Today, industry accounts for about a third of global emissions, with Asia’s share more than doubling in the past two decades. To remain competitive in a low-carbon world, i ...
Google hires Windsurf execs in $2.4 billion deal to advance AI coding ambitions
Alphabet's Google has hired several key staff members from AI code generation startup Windsurf, the companies announced on Friday, in a surprise move following an attempt by its rival OpenAI to acquire the startup.Google is paying $2.4 billion in license fees as part of the deal to use some of ...
Google hires Windsurf CEO and researchers to advance AI ambitions
Google has hired Windsurf CEO Varun Mohan, co-founder Douglas Chen, and select members of the coding tool's research and development team to join its DeepMind division, a Google spokesperson said on Friday, in a move to strengthen itself in the race for AI leadership.Mohan and the Windsurf team ...
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
[NEW YORK] Oil prices rose over 2 per cent on Friday (Jul 11) as the International Energy Agency (IEA) said the market...
Commentary: Why Samyang Buldak instant noodles is an US$8 billion tariff-proof brand
The ultra-spicy ramen appeals to young Americans seeking exotic tastes – that means it’s immune to Donald Trump’s tariffs, says Shuli Ren for Bloomberg Opinion.
Commentary: Did anyone really win the Great Eastern-OCBC standoff?
After the delisting vote fell short, two groups of Great Eastern shareholders could be left worse off, says former financial journalist Ven Sreenivasan.
Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
[BENGALURU] European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a...
US: Stocks edge down from records amid tariff threats
[NEW YORK] Wall Street stocks retreated from records on Friday (Jul 11) as markets digested US President Donald Trump’s latest tariff threats...
US stocks fall as Trump ramps up tariff threats
NEW YORK: European and US stock markets retreated Friday (Jul 11) as US President Donald Trump ramped up his trade offensive, threatening a 35 per cent levy on Canada. Trump dampened earlier optim
S&P 500 recedes from record highs as tariffs sour sentiment
NEW YORK: Wall Street ended lower on Friday (July 11), with Meta Platforms META.O weighing on the S&P 500 after President Donald Trump intensified his tariff offensive against Canada,
Brazil downplays tariff impact as Trump says he will speak to Lula at some point
WASHINGTON/BRASILIA/SAO PAULO: Brazil's government on Friday (July 11) downplayed the impact of the 50% tariff US President Donald Trump threatened to impose on imports from that coun
Apple bids for Formula 1 US streaming rights, Business Insider reports
Apple has submitted a bid worth at least $150 million a year for the U.S. rights to stream Formula 1 races starting in 2026, Business Insider reported on Friday, citing a source familiar with the negotiations.The iPhone-maker is poised to win the rights as the leading bidder, the report said, as Wal ...
Musk's xAI seeks up to $200 billion valuation in next funding round, FT reports
Elon Musk's xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company between $170 billion and $200 billion, the Financial Times reported on Friday, citing people close to the discussions.Saudi Arabia's PIF sovereign wealth fund is e ...
Musk's xAI seeks up to $200 billion valuation in next fundraising, FT reports
Elon Musk's xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company between $170 billion and $200 billion, the Financial Times reported on Friday, citing people close to the discussions.Saudi Arabia's PIF sovereign wealth fund is e ...
JPMorgan plans to charge fintechs for customer data, Bloomberg News reports
JPMorgan Chase is planning to impose fees on fintech companies for access to its customer bank account data, Bloomberg News reported on Friday, citing people familiar with the matter.The largest U.S. lender has sent pricing sheets to data aggregators - intermediaries that link banks with fintech pla ...
Cosmosteel’s CEO Ong resigns after 3HA Capital offer declared unconditional
Felicia Tan - Cosmosteel’s CEO and executive director, Jack Ong Tong Hai, has resigned from his position due to “personal reasons”. Ong, who has been with the company since 1998, was appointed to his current position in July 2019. His last day will be on Dec 31. Ong’s departure comes after 3HA Capital’s ...
Death toll rises to four in Red Sea Houthi ship attack: EU naval force
At least four people are dead, according to the European Union naval force, after a Houthi attack on a cargo ship in the Red Sea earlier this week. The Yemen-based militant group has taken some crew members, while ten have been rescued according to the Greek operator of the vessel, Cosmoship Managem ...
NTT DC REIT's IPO 4.6 times subscribed
The Edge Singapore - Singapore's largest REIT IPO since 2013 is 4.6 times subscribed, with eyes next on how the opening trade will be when the gong is struck at 2 pm on Monday, July 14. A total of nearly 599.9 million NTT Data Centre REIT units were sold at US$1 each. Besides a public tranche of 30 million units, w ...
Vietnam surprised by Trump tariff announcement, seeks lower rate
The 20% figure came as a surprise as Hanoi believed it had secured a more favourable tariff range, sources say
Gazprom, CNPC discuss future Russian gas supplies to China
MOSCOW: The heads of Russia's Gazprom and China's energy company CNPC discussed future Russian gas supplies to China during talks in Beijing, Gazprom said on Friday (Jul 11), as Moscow seeks stronger ties with the world's biggest energy consumer. Russia, the holder of world's lar ...
