Entrepreneurship

No new US soy sales to China, nothing being loaded, say US soy groups
[DES MOINES] There are no new sales of United States’ soybeans to China and nothing is expected to be loaded in coming weeks, according to information from US soy...
Seatrium must manage its risks well as it tackles offshore headwinds
The company’s best defence is to broaden its non-oil and gas portfolio, in both geography and technology[SINGAPORE] The unexpected termination of a US$475 million contract highlights Seatrium’s exposure to...
Mandarin Oriental shares surge 36.7% on privatisation offer, Jardine Matheson up 7%
[SINGAPORE] Shares of hotel chain Mandarin Oriental surged 36.7 per cent on Tuesday (Oct 21) on the back of a privatisation offer from controlling shareholder Jardine Matheson, which shares...
Mandarin Oriental shares surge 36.3% on privatisation offer, Jardine Matheson up 7.8%
[SINGAPORE] Shares of hotel chain Mandarin Oriental surged as much as 36.7 per cent on Tuesday (Oct 21) on the back of a privatisation offer from controlling shareholder Jardine...
IG Singapore seeks to broaden appeal beyond CFD trading under new CEO Gavin Chia
The firm plans to add new products, improve its app experience and step up investor education[SINGAPORE] Online brokerage IG Singapore is moving beyond its longstanding contracts-for-difference (CFD) business, as...
US: Wall Street ends sharply higher as earnings optimism fuels risk appetite
Upbeat quarterly earnings results revived risk appetite and all three major US stock indexes closed higher[NEW YORK] US stocks jumped on Monday with finance and technology shares providing much of the...
Genting Singapore names new RWS chief operating officer
Si Chen will assist the resort’s CEO in executing strategies, managing and developing its core businesses [SINGAPORE] Genting Singapore has appointed Si Chen as chief operating officer (COO) of...
Coinbase, Fortnite among services hit by global outage of Amazon’s cloud unit
AMAZON’S cloud services unit AWS was hit by an outage on Monday (Oct 20), causing connectivity issues for many companies around the world and disrupting services for several popular...
Wee Hur gears up for growth with bigger ambitions
Group’s chiefs consider its workers’ dormitory and construction businesses as key drivers of future growth[SINGAPORE] Property developer Wee Hur is planning to launch another student housing strategy in Australia,...
Meta, Blue Owl seal US$30 billion private capital deal for AI
Structured investments are becoming more in demand as insurers and other types of investors search for debt tied to assets[NEW YORK] Mark Zuckerberg’s Meta Platforms is set to seal...
Xiaomi shares post worst week in 3½ years as accidents stoke EV safety concerns
The company has not publicly acknowledged that the accidents involved its electric vehicles[BEIJING] Shares of Chinese electric vehicle (EV) maker Xiaomi suffered their biggest weekly loss in more than...
Blackstone, TPG near Hologic deal for more than US$17 billion
The parties are currently discussing a price of above US$75 a share, according to sources[NEW YORK] Blackstone and TPG are in advanced negotiations to acquire Hologic in a deal...