Posts by Stephanie Irvin
Ardian raises US$30 billion in world’s biggest private equity secondary market fundraising
FRENCH private equity (PE) group Ardian has raised a record US$30 billion in the largest-ever secondary market fundraising globally. This is its ninth such fundraising since 1999, and is 57.9 per cent more than the US$19 billion it last raised in 2020, Ardian said on Thursday (Jan 16). Secondary PE deals are those where existing…
Read MoreBYD wants to win over South Korea with 31.5 million won electric car
CHINA’S BYD will launch three electric passenger cars in South Korea this year, with an aggressive pricing strategy that it hopes will win market share from legacy local brands Hyundai Motor and Kia. BYD is already taking reservations for the Atto 3, which will cost 31.5 million won (S$29,591) for the basic model and 33.3…
Read MoreApple in talks with Barclays, Synchrony to replace Goldman in credit card deal: sources
APPLE is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, said two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions. Credit card issuer Synchrony Financial is also in discussions with Apple about the card partnership, the first source said.…
Read MoreTemasek among parties keen on Blackstone’s US$3 billion sale of Bob Dylan, Adele song rights: sources
BLACKSTONE has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch US$3 billion or more, sources with knowledge of the matter said. A handful of financial firms, including Apollo Global Management, Warburg Pincus and Temasek Holdings, Singapore’s state-owned investment firm,…
Read MoreStocks to watch: SIA, ESR Reit, GuocoLand
THE following companies saw new developments that may affect trading of their securities on Thursday (Jan 16). Singapore Airlines (SIA): The national carrier and its low-cost arm carried a total of 3.6 million passengers in December 2024, up 7.1 per cent from the previous year. For the whole of 2024, total passenger carriage was 12.7…
Read MoreArtificial Intelligence jobs among Singapore’s fastest growing jobs: LinkedIn report
ARTIFICIAL intelligence (AI) roles rank among Singapore’s fastest-growing jobs, said the latest LinkedIn’s annual jobs report released on Thursday (Jan 16). The majority – 10 of the 15 – are new to the list. That is, they were not in this list in 2024, said the networking site. They included the roles of AI researcher…
Read MoreUK activist investor Palliser takes protest against Great Eastern takeover to MAS, SGX
UK activist investor Palliser Capital is looking to disrupt the takeover of insurer Great Eastern by majority shareholder OCBC, the Financial Times reported on Wednesday (Jan 15). Palliser called the deal “gravely unfair” for shareholders, in its appeal to the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX), FT said, citing documents it…
Read MoreWill US-driven tailwind for Malaysia gloves be curbed by Trump?
A flood of Chinese gloves in non-US markets may also drown out sales for Top Glove and its country peers MALAYSIAN glovemakers were poised to capture the United States market, after Chinese gloves were slapped with higher tariffs, but the return of a Donald Trump presidency could pose a stumbling block in 2025. This is…
Read MoreWill US-driven tailwind for Malaysia gloves be curbed by Trump?
They may also face stiffer competition as Chinese rivals pivot from the US to markets in Europe and Asia, add analysts MALAYSIAN glove makers were poised to capture the United States market, after Chinese gloves were slapped with higher tariffs, but the return of a Donald Trump presidency could pose a stumbling block in 2025.…
Read MoreCapitaLand India Trust signs agreement with global hyperscaler amid fast-growing data centre demand
CAPITALAND India Trust’s (Clint) manager announced on Wednesday (Jan 15) that it has signed a long-term agreement with a leading global hyperscaler for one of its data centres under development. With this, Clint is likely to pre-lease around half of its total gross power capacity under development, of around 250 megawatts (MW), the trust’s manager…
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