Posts by Mark Darwin
Swiss International University Announces Accreditation from ECLBS Europe, a Member of CHEA USA and INQAAHE
SIU proudly declared that it had been accredited by the European Council for Leading Business Schools, which is a very prestigious body, being a member of the Council for Higher Education Accreditation of the United States as well as the International Network for Quality Assurance Agencies in Higher Education. It must show that the university…
Read MoreCelebrity chef Paik Jong-won poised for US$180 million windfall on IPO
A chef made famous by a hit Netflix show is poised to boost South Korea’s struggling initial public offering (IPO) market, listing his restaurant chain in a deal that may value his stake at about US$180 million. Investment bankers in the nation are hoping the share sale this week by a restaurant franchise chain founded…
Read MoreDelta Air Lines sues CrowdStrike over software update that prompted mass flight disruptions
Delta Air Lines’ lawsuit filed in Fulton County Superior Court called the faulty software update from CrowdStrike “catastrophic” and said the firm “forced untested and faulty updates to its customers, causing more than 8.5 million Microsoft Windows-based computers around the world to crash.” The Jul 19 incident led to worldwide flight cancellations and hit industries…
Read MoreEurope: Shares muted on auto pressure, set for weekly loss
Europe’s main stock index swung between losses and gains on Friday (Oct 25), and was set for a weekly fall, with a handful of weak corporate earnings from auto-related companies such as Mercedes-Benz and Valeo and appliances-maker Electrolux denting investor sentiment. The pan-European Stoxx 600 closed 0.2 per cent lower at 518.81, on track for…
Read MoreChinese self-driving car company WeRide notches US$4.21 billion valuation in US IPO
SELF-DRIVING car company WeRide notched a valuation of about US$4.2 billion, after raising US$120 million in its US initial public offering (IPO) on Friday (Oct 25), becoming the latest Chinese company to capitalise on easing regulatory hurdles to list in New York. The company sold 7.7 million American depositary shares (ADS) in the offering at…
Read MoreHot stock: Sats surges to over 2-year high amid heavy trading
SHARES of in-flight caterer and ground handler Sats advanced amid a steady surge in trading volumes in the morning trading session on Friday (Oct 25). As at 9.33 am, the counter had jumped 9.1 per cent or S$0.34 to S$4.08, with some 8.1 million shares having changed hands. The last time its share price traded…
Read MoreSingapore shares open lower on Friday; STI down 0.2%
SINGAPORE stocks began Friday (Oct 25) morning trading in negative territory, after global markets had mixed performances. As at 9.01 am, the Straits Times Index (STI) fell 5.56 points or 0.2 per cent to 3,599.39. Across the broader market, losers outnumbered gainers 57 to 50 after 41.9 million securities worth S$70.5 million changed hands. Chinese…
Read MoreFrasers Centrepoint Trust’s H2 DPU remains at S$0.0602
Frasers Centrepoint Trust’s (FCT) distribution per unit (DPU) for the second half ended September 2024 came in at S$0.0602, unchanged from a year prior. This came even as revenue fell 2.5 per cent to S$179.5 million versus S$184.1 million in H2 FY2023, and net property income (NPI) dipped 0.6 per cent to S$128.8 million from…
Read MoreAllianz weighs options for AllianzGI unit: sources
ALLIANZ is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale. AllianzGI, which oversees 555 billion euros (S$792 billion) of assets according to its website, could be…
Read MoreKKR earnings surge 58%, joins half-trillion club in private markets race for scale
KKR & Co reported a third-quarter profit that beat Wall Street estimates as the alternative asset manager generated record transaction fees for its capital markets business. Adjusted net income rose 58 per cent to US$1.24 billion, or US$1.38 a share, KKR said on Thursday (Oct 24) in a statement. That beat the US$1.20 average estimate…
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