Exclusive-SpaceX will host analyst day on April 21, source says
SAN FRANCISCO, April 1 : Rocket company SpaceX will host an analyst day on April 21, and will offer analysts a visit to its "Macrohard" xAI datacenter in Memphis, Tennessee two days later, a source familiar with the matter said on Wednesday.SpaceX has filed confidentially for an initial pu ...
AF Global expected to delist around Apr 24
Paige Lim - Last day of trading of shares is on Apr 2
Italian bill proposes curbs on social media addiction
ROME, April 1 : Italian senators on Wednesday presented a draft law to tackle social media addiction that seeks to increase the responsibility of online platforms for the way content is distributed to users.It comes amid growing scrutiny across Europe of digital platforms and follows a U.S. ruling l ...
ST Engineering bags S$600 million contract to design, supply boat platform systems for Kuwaiti navy
Paige Lim - This follows a deal for four vessels for UAE navy also awarded by Abu Dhabi Ship Building
The road to SpaceX's juggernaut IPO
April 1 : Elon Musk's SpaceX has confidentially filed for its hotly anticipated U.S. initial public offering, a person familiar with the matter told Reuters on Wednesday, taking space exploration from a speculative venture to a mainstream investment theme.Here is a timeline of SpaceX's jou ...
SpaceX files for IPO, sources say, offering investors stake in Musk's space ambitions
April 1 : Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, two people familiar with the matter told Reuters on Wednesday, setting the stage for what could become the largest stock market listing on record.SpaceX puts more rockets in space than any other company an ...
SpaceX files for IPO, sources say, offering investors a stake in Musk’s moon, Mars ambitions
April 1 : Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, two people familiar with the matter told Reuters on Wednesday, setting the stage for what could become the largest stock market listing on record.SpaceX puts more rockets in space than any other company an ...
SpaceX registers to take rocket maker public in blockbuster IPO, source says
April 1 : Elon Musk's SpaceX has confidentially filed for a U.S. initial public offering, setting the stage for what could become the largest stock market listing on record, a person familiar with the matter told Reuters on Wednesday. A public listing at a potential valuation of more than $1.75 ...
World shares rally, oil prices fall on war de-escalation hopes
NEW YORK/LONDON, April 1 : Global stocks rallied and oil futures retreated on Wednesday on hopes of a de-escalation in the Iran war.The U.S. dollar softened against a basket of other currencies, while U.S. Treasury yields rose from their lows after a pair of reports underscored resilience in the U.S ...
World markets rocket higher on optimism Iran war could end soon
NEW YORK/LONDON, April 1 : Global stocks rallied and oil prices reversed gains on Wednesday as hopes of a de-escalation in the Iran conflict fuelled the biggest rebound in regional equities in more than three years.President Donald Trump said the U.S. could end its military attacks on Iran in two to ...
Chinese chipmakers claim nearly half of local market as Nvidia’s lead shrinks
Beijing pushes domestic chips over foreign tech to cut dependence and bolster local alternatives
Mapletree Investments sells mid-shallow bay logistics portfolio to Dalfen Industrial for US$207.5 million
Paige Lim - The portfolio includes 19 warehouse assets across key US distribution markets in Texas, Illinois, Ohio and Indiana
‘No definitive decision’ made for YZJ Maritime to pursue capital market activities in Hong Kong: CEO
Paige Lim - Yangzijiang Shipbuilding also says it has no plans for equity fundraising transactions outside Singapore
Franklin Templeton to acquire CoinFund spinoff to expand crypto push
April 1 : Investment manager Franklin Templeton said on Wednesday it had agreed to acquire cryptocurrency investment unit 250 Digital, spun out of venture firm CoinFund, as it steps up its expansion into digital assets.The deal comes as traditional financial firms ramp up their presence in cryptocur ...
Wall St opens higher as Iran war resolution hopes lift sentiment
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 1), building onto their biggest one-day jump in nearly a year...
Automakers unveil new EVs for US market despite sales downturn
NEW YORK, April 1 : Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging consumer demand and a sharp downturn in sales after Washington eliminated a $7,500 EV tax credit.Kia said it would begin selling its lower-priced EV3 in the United States later ...
Kia to sell lower-priced electric vehicle in US
NEW YORK, April 1 : Kia said Wednesday it will begin selling a lower-priced electric vehicle in the United States later this year as automakers work to recharge EV sales.The Korean automaker said at the New York Auto Show it will offer the EV3 in the U.S. market starting later this year. Automakers ...
Intel to buy back Apollo stake in Ireland factory for $14.2 billion
April 1 : Intel said it would spend $14.2 billion to buy back the 49 per cent stake it sold to Apollo Global Management in its Ireland manufacturing facility, taking full ownership of the plant as its finances improve and AI drives demand for its processors.Apollo had in 2024 spent $11.2 billion to ...
Thailand seeks more LNG from Malaysia, energy officials say
[KUALA LUMPUR] Thailand is actively seeking additional LNG supplies from Malaysia following disruptions caused by the ongoing Middle East conflict, Thai energy...
Hasbro investigates cybersecurity incident, takes some systems offline
Hasbro says investigating cybersecurity incident
April 1 : Toymaker Hasbro said on Wednesday it was investigating a cybersecurity incident after identifying unauthorized access to its network on March 28, with help from third-party cybersecurity professionals.It said it had taken some systems offline and was using temporary measures to keep taking ...
Factory input costs soar worldwide as Iran war snarls up supply chains: surveys
The findings highlight the challenge facing Asia, as the region accounts for about 80% of the oil transiting the Strait of Hormuz
Bugis Junction Towers put on the market at S$685 million valuation
Kalpana Rashiwala - This works out to S$2,750 psf on net lettable area and a net yield of around 3.5% for the fully let office...
India's Wipro names AI chief, head of 'Americas 2' unit quits
India's Wipro names Nagendra Bandaru as CEO of AI segment
(Corrects typographical error in media packaging code)April 1 : Indian IT services firm Wipro on Wednesday named insider Nagendra Bandaru as the CEO of its AI segment.
SpaceX seen as make-or-break test for mega IPOs
April 1 : The global IPO market has needed a win for years and Elon Musk's SpaceX could be the breakthrough. The last company to make a market debut at over a trillion dollar valuation was Saudi Aramco in 2019.An over "trillion-dollar" valuation, a CEO with a cult-like retail followin ...
Trump says US may exit Iran war soon, threatens to quit Nato
IEA’s head says the main issue so far from Teheran’s closure of the Strait of Hormuz is the lack of jet fuel...
Trump says US may exit Iran war soon and threatens to quit Nato, as oil crisis escalates
Hit to global oil supply will double this month, IEA says
Swiss finance minister sues for defamation over Grok-created post
ZURICH, April 1 : Swiss Finance Minister Karin Keller-Sutter has filed a criminal complaint for defamation and insult after an X user published an obscene post about her created by Elon Musk's chatbot Grok, a spokesperson for her ministry said on Wednesday.On March 10, an X user urged Grok in G ...
PetroChina plugs Singapore plant’s shortfall with crude from China storage, trackers say
The tanker New Merit hauls 1.8 million barrels of crude from Dalian to Jurong Island
India's Maruti Suzuki warns of price hikes as Gulf war raises costs
NEW DELHI/BENGALURU, April 1 : India's top carmaker, Maruti Suzuki, said on Wednesday that it will likely raise prices as the Middle East war has pushed up commodity prices, wiping out gains from last year's consumption tax cuts.The Iran war has driven up the prices of everything from oil ...
Nio deliveries rise 136% in March; Q1 volume nearly doubles
Shikhar Gupta - Cumulative deliveries reach 1,081,057 as at Mar 31
Unilever and McCormick investors find US$65 billion food deal hard to swallow
Analysts and investors cite concerns over deal structure, integration challenges, and regulatory risks
Microsoft to invest US$5.5 billion in Singapore to deepen AI push
Young Zhan Heng - The investment, which runs till 2029, will go towards expanding cloud and artificial intelligence infrastructure, as well as talent development
