Posts by Riah Marton
SoftBank scraps AI chips tie-up plan with Intel: FT
JAPANESE technology investor SoftBank dropped plans of producing an artificial intelligence (AI) chip with Intel to compete with Nvidia, the Financial Times (FT) reported on Thursday (Aug 15). The partnership did not materialise after the US chipmaker struggled to meet SoftBank’s requirements, according to the report, citing sources familiar with the matter. SoftBank has blamed…
Read MoreConvenience-store chain 99 Speed Mart launches Malaysia’s biggest listing in seven years
MALAYSIAN convenience-store chain 99 Speed Mart Retail Holdings has launched its RM2.4 billion (S$715 million) listing, in what would be the country’s biggest debut in seven years. The deal is set to further boost Malaysia’s initial public offering (IPO) market, where listings so far this year have raised more money than they did in all…
Read MoreMalaysia’s mini-mart chain 99 Speed Mart launches biggest IPO in 7 years
[KUALA LUMPUR] Convenience store chain operator 99 Speed Mart Retail launched Malaysia’s biggest initial public offering (IPO) in seven years, which is expected to raise up to RM2.36 billion (S$701 million) for its Main Market listing. The IPO comprises up to 1.03 billion existing shares and 400 million new shares, priced at RM1.65 per share.…
Read MoreMalaysia’s 99 Speed Mart unveils RM2.4 billion IPO, the country’s biggest in 7 years
[KUALA LUMPUR] Major mini-market chain operator 99 Speed Mart Retail on Thursday (Aug 15) launched Malaysia’s biggest initial public offering (IPO) in seven years. It expects to raise up to RM2.36 billion (S$701 million) for a place in the main market. The last time the country witnessed an IPO of this size was in 2017,…
Read MoreChina’s battle of the bonds has supply surge adding x-factor
AT A time when China is striving to put a floor on falling yields, a doubling of government bond issuance will offer a ray of hope. Cinda Securities is projecting net issuance of 1.4 trillion yuan (S$257.7 billion) this month, up about 780 billion yuan from July. Huaxi Securities sees sales of around 1.6 trillion…
Read MoreGold subdued as hopes for deeper Fed rate cut dim
GOLD prices were flat on Thursday (Aug 15) after a 1 per cent drop in the last session, as US data showing consumer prices rose as expected last month lowered bets of a bigger rate cut from the Federal Reserve in September. Spot gold was nearly unchanged at US$2,448.49 per ounce, as at 0155 GMT,…
Read MoreBritney Spears’ Ex Sam Asghari Reveals Special Girl in His Life—But It’s Not What You Think – E! Online
You could say that Sam Asghari‘s love life is pretty ruff these days. After all, the Jackpot! actor joked that he only has time for his dog Porsha, who he adopted with Britney Spears in 2021 before their 14-month marriage came to an end last year. “I’m dating someone as we speak,” Sam exclusively quipped…
Read MoreAndrew Shue’s Sister Elisabeth Shares Rare Update on His Life Amid Marilee Fiebig Romance – E! Online
Elisabeth Shue is no stranger to adventures in being a sister. The Adventures in Babysitting star shared rare insight on younger brother Andrew Shue, who is currently dating Marilee Fiebig following his split from Amy Robach. “He’s great,” Elisabeth exclusively told E! News at the Aug. 13 premiere of The Good Half. “He’s very, very happy.” The Oscar nominee—whose new movie costarring David Arquette and Nick Jonas is currently in…
Read MoreSingapore shares open higher on Thursday; STI up 0.3%
SINGAPORE shares rose on Thursday (Aug 15) morning, after US and Europe indices finished in positive territory overnight. The Straits Times Index (STI) opened 0.3 per cent or 8.67 points higher at 3,294.95 as at 9.01 am. Across the broader market, gainers outnumbered losers 73 to 48, after 45.7 million securities worth S$66.1 million changed…
Read MoreAustralian bond yields hit 13-month low on bets RBA will break
AUSTRALIA’S bond yields dropped to a 13-month low amid growing speculation that the nation’s Reserve Bank of Australia (RBA) is inching closer to the start of interest-rate cuts. The benchmark 10-year yield fell as much as five basis points to 3.88 per cent, the lowest since July 2023. The policy-sensitive three-year yield also declined five…
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