Ubisoft delays half-year results, requests trading suspension
French video game publisher Ubisoft said on Thursday it was postponing the publication of its half-year earnings and requested Euronext suspend trading of its shares and bonds starting Friday.The suspension will remain in place until the company publishes the delayed results "in the coming days ...
Digital lender Nubank posts Q3 income beat, record profitability
SAO PAULO :Nu Holdings, the listed entity which runs Brazilian digital lender Nubank, posted on Thursday an increase in its third-quarter net income driven by its Brazilian and Mexican businesses, beating analysts' projections.The company reported a $783 million net income for the July-Septembe ...
Applied Materials forecasts strong quarterly revenue on AI chip demand
U.S.-based Applied Materials, a maker of semiconductor manufacturing equipment, forecast upbeat first-quarter revenue on Thursday, signaling that robust demand for tools used to make AI chips is set to overpower a broader industry slowdown.The surge in AI-driven demand for advanced memory chips is s ...
Doggie diversity in size and shape began at least 11,000 years ago
WASHINGTON :Dogs today come in a mind-blowing array of shapes and sizes, from the diminutive pug, Pekingese and Pomeranian to the grand Irish Wolfhound, Great Dane and Saint Bernard. But when did this diversity in canine forms begin? New research shows it dates back many millennia, long before moder ...
Stocks fall with bond prices; hopes fade for rate cuts as US reopens to murky economic data
NEW YORK/LONDON :Declines on Wall Street dragged MSCI's global equities lower and U.S. Treasury yields rose as investor hopes for a Federal Reserve rate cut took a dive and officials pointed to a lack of clarity in economic data as the U.S. government ended its longest-ever shutdown.In currenci ...
Equities, bond prices fall as hopes fade for Fed rate cut in December
NEW YORK/LONDON :A steep sell-off on Wall Street dragged MSCI's global equities gauge lower on Thursday while U.S. Treasury yields rose, as investor hopes for a Federal Reserve rate cut in December faded after a chorus of hawkish comments from central bank officials.In currencies, the dollar al ...
Equities tumble, bond prices dip as hopes fade for Fed rate cut in December
NEW YORK/LONDON :Wall Street indexes suffered their biggest one-day decline in a month on Thursday, pushing down MSCI's global equities gauge while U.S. Treasury yields rose as investor bets for a December rate cut took a dive after hawkish comments by Federal Reserve officials.In currencies, t ...
Zalando turns to EU top court in fight over online content rules
BRUSSELS :Zalando, Europe's biggest online fashion retailer, on Thursday took its fight against EU online content rules to Europe's highest court, saying that a lower tribunal had erred in throwing out its challenge.Zalando had sued the European Commission after it was designated as a very ...
Tesla working to integrate Apple CarPlay in its EVs, Bloomberg News reports
Tesla is developing support for Apple's CarPlay system in its electric vehicles, Bloomberg News reported on Thursday, marking a potential shift in the carmaker's long-standing resistance to third-party software integration.The company's potential adoption of CarPlay, which allows user ...
Code-gen startup Cursor nearly triples its valuation in Coatue-led funding round
Code-generation startup Cursor nearly tripled its valuation to $29.3 billion in five months after raising $2.3 billion in its latest funding round, as artificial intelligence companies continue to attract investor attention.The Series D funding round was led by new investor Coatue, an investment man ...
Code-gen startup Cursor valuation nearly triples to $30 billion in latest funding round
Code-generation startup Cursor nearly tripled its valuation to $29.3 billion in five months after raising $2.3 billion in its latest funding round, as artificial intelligence companies continue to attract investor attention.The Series D funding round was led by new investor Coatue, an investment man ...
Verizon to cut about 15,000 jobs as new CEO restructures, source says
WASHINGTON :Verizon's new CEO is planning to cut about 15,000 jobs in the U.S. telecommunications company's largest ever layoffs, a person familiar with the matter told Reuters on Thursday, outlining some of the executive's first efforts to restructure in the face of rising competitio ...
Verizon to cut about 15,000 jobs as it restructures, source says
WASHINGTON :Verizon is planning to cut about 15,000 jobs as part of the company's restructuring efforts, a person familiar with the matter told Reuters on Thursday.The layoffs, the largest ever for the wireless carrier and impacting about 15 per cent of its workforce, are set to take place in t ...
OpenAI backs startup aiming to block AI-enabled bioweapons
SAN FRANCISCO -ChatGPT maker OpenAI on Thursday said it will invest in a startup focused on blocking bad actors from creating biological weapons powered by artificial intelligence.OpenAI is the lead investor in a $15 million seed round in Red Queen Bio, which is trying to make sure the AI industry&# ...
Seatrium is making ‘steady progress’ towards its 2028 targets, says CEO Chris Ong
Felicia Tan - Seatrium is making “steady progress” towards its targets it set for 2028, says CEO Chris Ong at the company’s 3QFY2025 ended Sept 30 results briefing on Nov 13. The 2028 targets were announced at Seatrium’s inaugural investor day on March 15, 2024. At the time, Seatrium had several goals, in ...
What are the key remedies in South Africa's antitrust probe involving Google?
JOHANNESBURG :South Africa's Competition Commission on Thursday unveiled a sweeping package of remedial measures from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following a probe into market dominance.The report highli ...
Thailand u-turns on afternoon booze ban after tourism backlash
The reversal comes less than a week after the government introduced stricter alcohol rules
Elon Musk's xAI raises $15 billion in latest funding round, CNBC reports
Billionaire Elon Musk's xAI has raised $15 billion in a series E funding round, CNBC reported on Thursday, citing sources familiar with the matter.The capital adds another $5 billion to the $10 billion round it raised in September that valued it at $200 billion, the report said. Following CNBC& ...
Elon Musk says report on xAI's $15 billion fundraise is 'false'
Billionaire Elon Musk on Thursday said on X the CNBC report of his artificial intelligence startup xAI raising $15 billion in a series E funding round was "false."The latest CNBC report said the capital raise added another $5 billion to the $10 billion round that valued xAI at $200 billion ...
Discovery partners with Luno to offer first bank app crypto trading in South Africa
JOHANNESBURG :Discovery Bank is set to become the first lender in South Africa to integrate crypto into its mobile platform, allowing customers to trade cryptocurrencies directly in its banking app from December.The feature is being launched in partnership with London-based crypto exchange firm Luno ...
Google hit by fresh EU probe into suspected news search abuse
There are suspicions that it is pushing down results for publishers’ websites when they include content from commercial partners
Most emerging nations can realign trade to weather US tariffs, report finds
The paper did not examine Brics member Russia
Apple refused permission to appeal UK ruling on app store commissions
LONDON :Apple was on Thursday refused permission to appeal against a London tribunal ruling that it abused its dominant position by charging app developers unfair commissions.The Competition Appeal Tribunal (CAT) ruled against Apple last month after a trial, finding Apple had abused its dominant pos ...
Novo gets 15 billion euros of orders for Akero acquisition bonds
This is more than triple the amount the Danish drugmaker is seeking
Centurion posts 9% rise in Q3 revenue with strong demand for worker, student housing
Sharanya Pillai - The company has S$713 million in borrowings as at Sep 30, against S$434 million in cash
South African media get funding package from Google after antitrust probe
JOHANNESBURG :South Africa's competition regulator announced on Thursday a series of concessions from global tech platforms, including a 688 million rand ($40 million) media support package agreed with Google and YouTube, following an investigation into the sector.The package, announced in the ...
Subsea cables at the nexus of global power and data struggle
Goola Warden - Undersea cables are now indispensable in the quest for power and data for countries. That provides exciting business opportunities for companies specialised in the installation and maintenance of such equipment On Christmas Day 2024, a 170km power cable, the Estlink 2 line, which runs along the seab ...
KIT and Keppel Infrastructure Fund navigate new waters
Goola Warden - Keppel Infrastructure Trust (KIT) is at the centre of a debate between activist investors and its efforts to secure a stake in the subsea cable value chain. Corporate Monitor, an independent research entity that counts corporate governance expert Mak Yuen Teen as a founder and director, has argued a ...
Starbucks workers to strike in 40 cities, targeting ‘Red Cup Day’
The protests are open-ended and could expand
Deep dive into the valuations of HVDC subsea cable manufacturers
Thiveyen Kathirrasan - This section will cover the financial valuations of Milan-listed Prysmian (PRY), Copenhagen-listed NKT, and Tokyo-listed Sumitomo Electric Industries (SEI). The qualitative investment aspect for these companies is discussed in the previous section, which covers order backlogs, growth prospects and f ...
Tata Steel calls for extension of import tariffs on some steel products to India
It’s to guard against the threat of imports, particularly from China
Centurion Corporation revenue up 9% y-o-y to 3QFY2025 to $67.5 mil
Nicole Lim - Centurion Corporation has reported a 9% y-o-y growth in revenue for the 3QFY2025 ended Sept 30 of $67.5 million. For the 9MFY2025, revenue grew 12% y-o-y to $208.3 million. This was driven by sustained high financial occupancy rates and positive rental reversions across its Purpose-Built Worker Acco ...
Sats Q2 net profit up 13.3% to S$78.9 million as clients front-load orders ahead of US tariffs
Navene Elangovan - The group declares an interim dividend of S$0.02 per share, higher than S$0.015 a year ago
MND announces pro-enterprise measures for developers, support for home buyers
The Edge Singapore - Minister for National Development Chee Hong Tat announced four pro-enterprise measures for developers and enhanced support for home-buyers. The first is an improvement in the TOL or temporary occupation limit process. The Urban Redevelopment Authority (URA) and Singapore Land Authority (SLA) have a ...
