News
Nvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound AI in the fourth quarter,...
Singapore video game company’s Nasdaq listing values it at US$1.2 billion
Grand Centrex Limited (GCL) aims to eventually build a sizeable game studio in Singapore, capable of producing blockbustersVIDEO game distributor and publisher Grand Centrex Limited (GCL) has come a...
MAS review group incentives could pull in regional biotech, fintech players: observers
High-growth companies in the technology, healthcare and sustainability-linked industries are potential entrants, tooMARKET watchers believe tax incentives proposed by the Monetary Authority of Singapore’s (MAS) equities market review group...
Bordeaux wine harvest drops to lowest level since 1991
Cold weather, disease and capacity cuts pushed wine production in France’s Bordeaux region last year to a low not seen in three-and-a-half decades, the local industry body said on...
SIA Engineering Q3 net profit up 19.7% to S$38.2 million
SIA Engineering (SIAEC) reported that its net profit for the third quarter ended Dec 31, 2024, increased 42 per cent to S$38.2 million, compared with the same period in...
Paragon Reit appoints PrimePartners as IFA for privatisation offer
PARAGON Real Estate Investment Trust (Reit) has appointed PrimePartners Corporate Finance as the independent financial adviser (IFA) for its privatisation offer, said the board via a bourse filing on...
Fu Yu warns of loss for FY2024 on non-cash impairments of S$4 million
Excluding these, the group expects to post an operating profit and an improvement in financial performance for the fiscal yearMAINBOARD-LISTED plastic parts manufacturer Fu Yu warned on Friday (Feb...
Singapore shares buck regional trend; STI slides 0.1%
SINGAPORE shares ended in the red on Friday (Feb 14), after hitting a record high earlier in the week.The benchmark Straits Times Index (STI) fell 0.1 per cent or...
SGX falls 6% as initial MAS review group proposals dampen earlier optimism; Citi downgrades to ‘sell’
The counter could potentially give up much of its gains since unveiling its first-half resultsCITI Research downgraded its call on the Singapore Exchange (SGX) to “sell” on Friday (Feb...
Geopolitical concerns add to woes for pre-IPO activity, M&As for Chinese companies
GROWING geopolitical concerns from the trade tensions between the US and China are compounding an already-cautious outlook among investors on pre-listing activities and mergers and acquisitions (M&A) involving Chinese...
