Posts by Nathan Pine
Foxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal: sources
[HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two people with knowledge of the matter said. UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to run a sale process…
Read MoreGreat Eastern gets another extension to Jun 8 to announce plan to restore free float
It will update shareholders on the finalised proposal shortly, no later than Jun 8 [SINGAPORE] Great Eastern Holdings has been granted yet another extension of time to comply with free float requirements under the Singapore Exchange’s (SGX) listing rules. The insurer now has until Jun 8 to announce its finalised proposal to comply with listing…
Read MoreThe best is yet to be for Tengah property prices, say DBS analysts
[SINGAPORE] Property developers such as GuocoLand could benefit from a potential rise in home prices near popular primary schools, particularly in emerging areas like Tengah New Town. Still, DBS Group Research cautioned in a report, titled “Primary school premium: Fact or Fiction?”, that price appreciation also depends on factors such as transport access, tenure, and…
Read MoreMatthew Goode Explains Absence From ‘Downton Abbey 3’: “Maybe It’s A Good Thing”
Following Henry Talbot’s absence from the latest Downton Abbey movie, Matthew Goode has confirmed he won’t be in the third installment either. The Emmy nominee recently explained why he didn’t appear in Downton Abbey: A New Era (2022) after portraying Lady Mary Crawley’s (Michelle Dockery) love interest in the 2019 feature continuation of the British…
Read MoreGold heads for best week in more than a month on US fiscal worries
GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating fiscal outlook for the world’s biggest economy boosted the metal’s safe-haven appeal. Spot gold gained 0.3 per cent to US$3,303.92 an ounce as of 0204 GMT. Bullion has risen 3…
Read MoreMetro sinks into the red with H2 net loss of S$228.1 million on lower revenue
[SINGAPORE] Metro sank into the red for its second half ended March, with a net loss of S$228.1 million, reversing from a S$6.4 million net profit in the previous corresponding period. This translates to a loss per share of S$0.276, versus an earnings per share of S$0.008, the mainboard-listed property investment and development group said…
Read MoreStocks to watch: Yangzijiang Shipbuilding, Metro
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 23). Yangzijiang Shipbuilding: The marine vessel manufacturer reported that its year-to-date order wins for the first quarter of 2025 amounted to six vessels worth US$300 million. This was around 5 per cent of its US$6 billion target for…
Read MoreUS panel divided over Nippon Steel bid for US Steel but path forward seen, says official
[WASHINGTON] A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel’s bid for US Steel but most panel members believe any security risks posed by the deal can be addressed, a White House official said. The Committee on Foreign Investment in the US on Wednesday submitted a recommendation to…
Read MorePeter Bart: Cannes Strong On Debuts, Long On Ovations And Short On Surprises
The Cannes Film Festival proved itself to be strong on resilience this year, but short on big surprises. Dial back to 1985: “What am I doing here?” asked Clint Eastwood, whose French hosts seemed puzzled that the cowboy star was also becoming an ambitious auteur. Fest cinephiles were stingy on ovations for his new movie…
Read MoreCannes Directors’ Fortnight Winners: Iraqi Film ‘The President’s Cake’ Clinches People’s Choice Audience Award
Iraqi director Hasan Hadi’s first feature The President’s Cake has won the second edition of the Cannes Directors’ Fortnight People’s Choice audience award. New York-based Hadi has tapped into his own childhood in southern Iraq in the 1990s, growing up under the regime of President Saddam Hussein and the socio-economic crisis provoked by international sanctions,…
Read MoreRyan Pinkston, Anissa Borrego, Arianna Davis & Taylor Dunbar Join ‘Stumble’ NBC Comedy Pilot
EXCLUSIVE: Ryan Pinkston (Young Rock), Anissa Borrego (Ths Is Us), Arianna Davis and Taylor Dunbar round out the series regular cast of Stumble, Jeff Astrof and Liz Astrof’s single-camera cheerleading comedy pilot for NBC. They join reviously cast Jenn Lyon, Taran Killam, Jarrett Austin Brown and Georgie Murphy. Written by the Astrof siblings in their…
Read More‘Zombies 4: Dawn Of The Vampires’ Trailer Sees Zed & Addison Diffusing Yet Another Monster Rivalry
Zed and Addison and the crew find their summer road trip derailed by yet another monster rivalry in Zombies 4: Dawn Of The Vampires. Disney revealed the full trailer for the upcoming fourth installment in the popular Zombies franchise on Thursday. Watch it above. After a tough year at school, Zed proposes a road trip…
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