Posts by Stephanie Irvin
Q&M Dental makes cash offer for remaining Aoxin Q&M shares at S$0.0321 each
[SINGAPORE] Mainboard-listed Q&M Dental Group (Singapore) has made a mandatory unconditional cash offer to acquire all the shares it does not already own in its subsidiary Aoxin Q&M at S$0.0321 per share. In a bourse filing on Thursday (May 1), Aoxin Q&M’s board informed shareholders that Q&M had released the offer document on Wednesday. The…
Read MoreNio delivers 53% more vehicles in April following Firefly brand launch
The EV maker officially launched its lower-priced Firefly brand in China on Apr 19, with plans to gradually reach global markets [SINGAPORE] Chinese electric vehicle (EV) maker Nio delivered 23,900 vehicles in April 2025, marking a 53 per cent year-on-year increase, the company said on Thursday (May 1). The total comprises initial deliveries from Firefly, the…
Read MoreAn investor’s guide to navigating the Australian election
THE outcome of Australia’s tight federal election could be the next catalyst for local assets as a tariff standoff between the US and China continues to rattle markets. The benchmark S&P/ASX 200 Index is heading into Saturday’s vote down 5 per cent from its February record high as tensions simmer between the world’s two biggest…
Read MoreTelegram weighs US$2 billion bond sale to refinance 2021 debt
Published Thu, May 1, 2025 · 01:45 PM [DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance its debut debt offering from 2021, according to sources familiar with the situation. The messaging service’s managers are holding discussions on offering the new notes…
Read MoreBank of Japan keeps rates steady, cuts growth forecasts
[TOKYO] The Bank of Japan (BOJ) kept interest rates steady and cut its growth forecasts on Thursday (May 1), as uncertainty surrounding US tariffs clouds the outlook for the world’s fourth-largest economy. But the central bank projected inflation would stay roughly on course to hit its 2 per cent target in coming years, a sign…
Read MoreTesla board opened search for a CEO to succeed Elon Musk: report
Published Thu, May 1, 2025 · 11:15 AM [BENGALURU] Tesla board members about a month ago reached out to several executive search firms to find a successor for CEO Elon Musk, The Wall Street Journal (WSJ) reported on Wednesday (Apr 30), citing sources familiar with the discussions. The current status of the board’s push, which,…
Read MoreAirbus tells US airlines they’ll need to pay their own tariffs
[LONDON] Airbus said it will not cover the cost of tariffs on its planes imported by US airlines, setting up a clash with carriers unwilling to shoulder surcharges imposed by US President Donald Trump. The European planemaker is responsible for any added duties on supplies it imports to its own aircraft assembly plant in Mobile,…
Read MoreCouche-Tard clinches deal to deepen Seven & i Takeover talks
[TOKYO] Alimentation Couche-Tard and Seven & i Holdings have signed a non-disclosure agreement that will give the Canadian company access to the 7-eleven operator’s financial data as it seeks to formalise a buyout offer, the companies said. They also agreed to a standstill provision, Seven & i said on Thursday (May 1), adding that the…
Read MoreVisa, Bridge partner to launch stablecoin-linked cards
[NEW YORK] Visa and stablecoin infrastructure provider startup Bridge are partnering to offer stablecoin-linked Visa cards to customers across multiple countries in Latin America, which the companies say will allow users to make everyday purchases in cryptocurrency tokens. The move comes as the US Congress appears likely to pass a bill creating stablecoin rules for…
Read MoreMeta quarterly profit climbs despite big cloud spending
[SAN FRANCISCO] Tech giant Meta on Wednesday (Apr 30) reported quarterly profits that were well above expectations, brushing aside market worries that its heavy investments in cloud computing and artificial intelligence (AI) would hamper growth. The company reported a US$16.6 billion profit in the first three months of the year on revenue of US$42.3 billion,…
Read More