Posts by Stephanie Irvin
Google asks US judge to defer order forcing it to share data with rivals while it appeals
ALPHABET’S Google asked a judge on Friday to postpone making the company share data with rivals while it challenges a ruling that the company holds an illegal monopoly in online search, according to court papers. US District Judge Amit Mehta in Washington ruled in 2024 that the company used unlawful tactics to maintain its dominance…
Read MoreUS stocks: Wall Street ends little changed before long weekend
[NEW YORK] US stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, and all three major indexes posted losses for the week as fourth-quarter earnings season kicked off. Healthcare fell 0.8 per cent and led declines for the day among S&P 500 sectors. Shares of chipmakers rose, with an index of…
Read MoreMaybank applies to place Dasin Retail Trust’s manager under judicial management
This comes after four subsidiaries received court summonses over Companies Act breaches [SINGAPORE] Maybank has applied to place the trustee-manager of Dasin Retail Trust under judicial management. In a bourse filing on Friday (Jan 16), trustee-manager said it received legal notice that Maybank had filed the application in the High Court on Thursday. The trustee-manager…
Read MoreMitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion
This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there [TOKYO] Japanese trading house Mitsubishi will buy the US shale production and infrastructure assets of Aethon Energy Management for US$7.5 billion, it said on Friday (Jan 16), in its largest deal yet as it…
Read MoreAbout 30 SGX listcos show early interest in Value Unlock programme to lift valuations
Market participants say weak disclosure and poor investor engagement often drive mispricing on the exchange – gaps the initiative aims to close [SINGAPORE] Around 30 Singapore Exchange (SGX)-listed companies have made early inquiries into the newly launched Value Unlock programme, underscoring growing interest in efforts to lift valuations by sharpening corporate strategy and investor communication.…
Read MoreK-pop, Chinese games to drive Asia tech sector growth: Macquarie
[SINGAPORE] 2026 is poised to be a boom year for the Asian Internet sector, as companies pivot from consolidation to aggressive monetisation and ecosystem integration. The resurgence follows two challenging years of model building and infrastructure catch-up against Western competitors, analysts from Macquarie noted in a report released recently. The research firm identified 13 top…
Read MoreNew SID platform for listcos’ board chairs seeks to complement equities market uplift
[SINGAPORE] Board chair of companies listed on the Singapore Exchange (SGX) will now be able to tap a professional community and access expert insights and networking opportunities. Launched on Friday (Jan 16) by the Singapore Institute of Directors (SID), the platform known as the SID Chairpersons Guild also complements the national effort to strengthen the…
Read MoreEuropean shares extend record run on technology, financial gains
EUROPEAN shares scaled a new record high on Thursday, boosted by technology and financial stocks as investors assessed several positive earnings updates and signs of resilience in the German economy. The pan-European Stoxx 600 advanced 0.5 per cent to 614.57 points. Technology stocks gained 2.3 per cent and hovered at levels last seen in 2000, while financial…
Read MoreGoldman Sachs’ profit rises on dealmaking, trading strength
Its profit attributable to common shareholders rises to US$4.4 billion in Q4, from US$3.9 billion a year before [BENGALURU/NEW YORK] Goldman Sachs’ profit rose in the fourth quarter, fuelled by dealmaking, stronger trading revenues in a turbulent market and a one-time gain from exiting its credit card partnership with Apple. The bank’s equity traders capitalised on volatility and…
Read MoreAir India warns of possible disruptions to A350 routes after jet suffers engine damage
Air India operates six Airbus A350s on lucrative routes, including between New Delhi and London, New York and Newark [NEW DELHI] Air India warned of possible disruptions to its A350 routes due to engine damage sustained by one of its long-haul aircraft after encountering “a foreign object” on Thursday (Jan 15). Air India operates six…
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