Posts by Mark Darwin
Frasers Logistics & Commercial Trust posts 13.8% lower H1 DPU of S$0.03
[SINGAPORE] Frasers Logistics and Commercial Trust (FLCT) on Wednesday (May 7) posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended March 31, from S$0.0348 in the corresponding period in the previous year. This decline reflects transitional challenges in the commercial portfolio and foreign exchange volatility in…
Read MoreGoogle reserves best search data for Gemini, not rival AI apps
[WASHINGTON] Google last year began offering some artificial intelligence (AI) firms a way to anchor chatbot responses in its search results, but still reserves key features for its own AI service, Gemini, a company executive testified. Liz Reid, Google’s head of search, was describing in court on Tuesday (May 6) how the Alphabet unit handles…
Read MoreUOB misses expectations with Q1 profit flat at S$1.49 billion
[SINGAPORE] UOB’s net profit for its first quarter was flat amid broad-based growth, it said on Wednesday (May 7). Net profit for the three months ended March 31, 2025 stood at S$1.49 billion, unchanged from the year-ago period. The earnings missed the S$1.54 billion consensus forecast in a Bloomberg survey of five analysts. Net…
Read MoreCATL’s Hong Kong listing draws interest from Qatar sovereign fund, KIA, Sinopec, Hillhouse
[HONG KONG] Qatar Investment Authority (QIA) and Sinopec are considering investing in Contemporary Amperex Technology Co Limited’s (CATL) Hong Kong listing, one of the city’s biggest share sales in recent years, sources familiar with the matter said. QIA, as Qatar’s wealth fund is known, and the Chinese state-owned oil company could seek to buy several…
Read MoreEurope: German stocks cut losses as Merz elected as chancellor after initial setback
GERMAN shares trimmed early losses on Tuesday after conservative leader Friedrich Merz was elected chancellor during a second vote in parliament after an unexpected initial setback. Germany’s DAX index ended 0.5 per cent lower, after falling as much as 2 per cent earlier when Merz’s new alliance with the centre-left Social Democrats was dealt a…
Read MoreSingapore shares end higher on Tuesday ahead of FOMC meeting; STI up 0.2%
Singtel is the top gainer on the benchmark index while Yangzijiang Shipbuilding, which is trading ex-dividend, falls the most [SINGAPORE] Stocks on the local bourse ended higher on Tuesday (May 6), ahead of the next US central bank meeting where policymakers are expected to keep interest rates on hold. The benchmark Straits Times Index (STI)…
Read MoreDoorDash agrees to buy Deliveroo in US$3.9 billion deal
Published Tue, May 6, 2025 · 03:30 PM [LONDON] DoorDash has agreed to buy UK-based food-delivery platform Deliveroo for an equity value of about US$3.9 billion, as the US company pushes into more overseas markets. DoorDash has offered 180 pence in cash for each Deliveroo share, the company said in a statement on Tuesday (May…
Read MoreJapan’s SMFG said to be in talks to buy minority stake in India’s Yes Bank
Published Tue, May 6, 2025 · 01:02 PM [MUMBAI] Sumitomo Mitsui Financial Group (SMFG), Japan’s second-biggest lender, is in talks to buy a significant minority stake in India’s Yes Bank, according to sources familiar with the matter. A potential offer for a stake in the Mumbai-based bank will likely be determined by market prices, the…
Read MoreIncome-Allianz deal timeline: A recap of the proposed S$2.2 billion sale
[SINGAPORE] The proposed S$2.2 billion deal involving the sale of Singapore’s Income Insurance to German insurer Allianz – which the government eventually called off – was a major talking point during the 2025 General Election campaigning. Here is a recap of what happened: Jul 17, 2024: Allianz offered to buy a majority stake in Income…
Read MoreServiceNow eyes US$1 billion revenue for AI product by 2026
The company makes software applications that help companies organise and automate their personnel and information technology operations Published Tue, May 6, 2025 · 11:02 AM [NEW YORK] ServiceNow said its flagship artificial intelligence (AI) software product will hit US$1 billion in annual contracted business by next year. The new 2026 guidance for the generative AI…
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