Posts by Riah Marton
Bain fights KKR with US$4.1 billion Fuji Soft bid
Bain Capital is now proposing to buy out the Japanese firm at 9,200 yen to 9,300 yen per share, or about 5% above KKR’s bid Bain Capital has proposed a US$4.1 billion takeover of Fuji Soft, the Nikkei reported, a surprise offer that threatens to derail an agreed-upon acquisition by KKR & Co. A KKR…
Read MoreHow Shaun White Found a Winning Partner in Nina Dobrev – E! Online
Spend enough time dating in Hollywood, and you’ll come up with a plan for how to deal when a relationship goes sideways. Nina Dobrev‘s strategy, for instance, involves her passport. The Bulgaria-born, Canada-bred actress has “been kind of all over,” she shared in a 2018 interview with Cosmopolitan. “I don’t often splurge on material things; I splurge…
Read MoreTemasek-backed biotech Oxford Nanopore wants to make genetics tech accessible to startups
The London-listed company is working with Singapore to catalogue 10,000 genes, which can help to pinpoint how genetic factors influence responses to medication WHEN the Covid-19 pandemic broke out, countries scrambled for a way to quickly detect the disease. This brought public attention to the field of genomics – a branch of molecular biology…
Read MoreECB cuts to get trickier once key interest rate approaches 3%
DECISIONS at the European Central Bank (ECB) are set to get a lot more contentious once interest rates fall to about 3 per cent and clashes emerge over what’s still needed to keep inflation in check, according to sources familiar with the matter. While the next two or three reductions in the deposit rate from…
Read MoreSingtel to expand global GPU capacity in new partnership
TELECOMMUNICATIONS giant Singtel has partnered with graphics processing unit (GPU) cloud platform, GMI Cloud, to expand GPU capacity across US and the Asia-Pacific region by combining the resources and infrastructure of both companies. The move will democratise the availability of high-powered computing for enterprises, said the companies in a joint statement on Tuesday (Sep 3).…
Read MoreRussia’s Sberbank says India business booming despite Western sanctions
RUSSIA’S trade with India is booming and bilateral payments are proceeding smoothly without the glitches that have been hampering trade with other countries, Anatoly Popov, deputy CEO of Russia’s largest lender, Sberbank, said. Sberbank handles payments for up to 70 per cent of all Russian exports to India. Russia’s trade with India nearly doubled to…
Read MoreGold eases with spotlight on US economic data
GOLD prices slipped in early Asian hours on Tuesday (Sep 3), as investors awaited a slew of US economic data to gauge the size of the Federal Reserve’s expected interest rate cut this month. Spot gold was down 0.1 per cent at US$2,495.79 per ounce, as at 0031 GMT, after hitting a more than one-week…
Read MoreBelow Deck Mediterranean Crew Devastated by Unexpected Death of Loved One – E! Online
One Below Deck Mediterranean yachtie is grieving a tragic loss. During the Bravo series’ Sept. 2 episode, season nine Deckhand Nathan Gallager received news that one of his best friends died while he was away at sea—and he was understandly devastated. “So, I get this text saying that my friend has passed away from cancer,”…
Read MoreLegal battle emerges for control of home-grown Tipsy Collective hospitality group
A LEGAL battle has erupted for the control of home-grown hospitality group Tipsy Collective, a year after the firm’s co-founder and former group chief executive Derek Ong died. The group’s other co-founder and executive chairman David Gan Jia Liang, 32, has applied for an interim court injunction against several Indonesian stakeholders, who he claims in…
Read MoreCICT proposes S$1.85 billion deal to acquire 50% stake in Ion Orchard from sponsor
CAPITALAND Integrated Commercial Trust (CICT) is proposing to purchase a 50 per cent interest in Ion Orchard and its connecting underpass, Ion Orchard Link, from its sponsor CapitaLand Investment (CLI). Based on 50 per cent of the agreed property value, which amounts to S$1.85 billion, the total outlay for the deal is estimated to stand at…
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