Culture
DoorDash agrees to buy Deliveroo in US$3.9 billion deal
DoorDash has agreed to buy UK-based food-delivery platform Deliveroo for an equity value of about US$3.9 billion, as the US company pushes…
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Culture
Culture
Maybank lowers target price of CSE Global to S$0.58 but remains ‘top pick’
Maybank securities analyst Jarick Seet cut his target price for systems integrator CSE Global to S$0.58 from S$0.67 in the light of fierce…
Culture
Keppel DC Reit names Low Huan Ping as lead independent director amid board changes
Keppel DC Real Estate Investment Trust (Reit) has announced director Low Huan Ping as new lead independent director and chairman of…
Culture
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s…
Culture
Japan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
The Mumbai-based bank also counts private equity firms Carlyle Group and Advent International as minority investors Sumitomo Mitsui…
Culture
Japan’s SMBC is closer to acquiring 51% stake in India’s Yes Bank: sources
Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51…
Culture
Hong Kong’s freight forwarding industry hit by trade war, SCMP reports
Hong Kong’s freight forwarding industry is reeling from the US-China trade war with 41 per cent of container capacity from the city to…
Culture
Ford pulls guidance, warns it will take US$1.5 billion hit from Trump’s tariffs
Ford Motor suspended its annual guidance on Monday because of uncertainty around US President Donald Trump’s tariffs, saying the levies…
Culture
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent years Saudi Arabia’s deficit widened…
Culture
US: Wall St opens lower after Trump's fresh tariffs
Wall Street’s main indexes opened lower on Monday (May 5) after President Donald Trump rekindled worries about the ramifications of a…
Culture
Tyson Foods beats quarterly profit estimates on strong chicken demand
The company witnessed sustained demand for its frozen meat and ready-to-eat food as consumers increasingly preferred eating at home Tyson…
Culture
Procurri Corp moves towards delisting by appointing IFA for privatisation offer
Procurri Corp has appointed Evolve Capital Advisory as the independent financial adviser (IFA) for the acquisition offer from parent…
Culture
Investors still harbour hope of Fed’s Powell giving a rate-cut the thumbs up
THE S&P 500 plunged into a bear market in April, then staged an epic recovery, and now the US Federal Reserve will reveal which was the…
Culture
SIC proposes changes to takeovers and mergers code to protect competitive process, improve disclosures
The Securities Industry Council (SIC) on Monday (May 5) issued a consultation paper on amendments to Singapore’s Code on Take-overs and…
Culture
Sias strongly disagrees with IFA opinion on ‘exploitative’ Sinarmas Land offer, urges offeror to revise bid
David Gerald, the president of Securities Investors Association (Singapore), or Sias, has criticised the offer for Sinarmas Land by the…
Culture
Singapore stocks end higher on Monday; STI up 0.2%
Top gainer is DFI Retail Group at US$2.71, while the biggest decliner is Yangzijiang Shipbuilding at S$2.11 Stocks in Singapore ended…
Culture
Audi keeps outlook after Q1 sales rise, but tariff impact not included
Volkswagen’s premium brand Audi on Monday (May 5) kept its full-year guidance, with the caveat that any impact from US tariffs was not…
Culture
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted…
Culture
Grab appoints Alejandro Osorio as new managing director for Singapore
Ride-hail and delivery giant Grab announced on Monday (May 5) that Alejandro Osorio has been appointed as managing director (MD) of Grab…
Culture
Singapore dollar surges against US dollar as Asia currencies rally on trade hopes
Asian currencies rallied on Monday (May 5) on hopes of a thaw in the US-China trade war and regional tariff deals with the Trump…
Culture
China resumes spot LNG purchases to take advantage of price drop
The move is a u-turn for Chinese LNG buyers, which had reduced imports and resold shipments because expensive gas was not attractive to a…
Culture
Netflix co-CEO says India investment has had US$2 billion impact
The world’s largest video streaming platform has been consolidating its position as a premium service in the US$28 billion Indian media…
Culture
Malaysia plans cargo rail link to Bangkok to boost trade
Malaysia is planning to start a direct rail cargo service between its capital Kuala Lumpur and Bangkok in neighbouring Thailand this year…
Culture
Saudis warn of more supply unless Opec+ cheats fall in line
Coinciding with US President Donald Trump’s trade war, the supply hikes are taking a brutal toll on oil prices, which have sunk to a…