Posts by Stephanie Irvin
Coliwoo disposes Pasir Panjang co-living hotel space in S$43.9 million sale-and-leaseback deal
Estimated net proceeds of S$15.3 million will be used to repay working capital loans owed to LHN Group and for general working capital purposes [SINGAPORE] Coliwoo has entered into a sale-and-leaseback agreement to dispose of a co-living hotel property in Pasir Panjang owned and managed by its subsidiary Coliwoo PP. The co-living operator and Globalpoint…
Read MoreDBS, Keppel, CDL, CICT, Sea, STE, Singtel among JPMorgan’s top picks for 2026
The city-state’s rally has a ‘long way to go’, says the bank, which is also ‘overweight’ on Vietnamese equities [SINGAPORE] Asean equities will be at an inflexion point in 2026, with a recovery in earnings and valuations after years of underperformance, analysts at JPMorgan said. The bank’s 2026 regional outlook report advised investors to pivot…
Read MoreInstacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery delivery platform deceived consumers about its Instacart+ membership and free delivery offers, according to court documents filed in San Francisco on Thursday. Instacart’s offer of “free delivery” for first orders was illusory because shoppers…
Read MoreECB holds rates with growth firmer and inflation near target
Policymakers give no guidance on next steps, saying decisions will be made meeting by meeting on data [FRANKFURT] The European Central Bank (ECB) left interest rates unchanged for a fourth straight meeting as inflation hovers around target and the eurozone weathers global shocks. The deposit rate was kept at 2 per cent on Thursday (Dec…
Read MoreIndiGo faces India antitrust scrutiny after mass flight cancellations
Disruptions highlight risks of the 90% IndiGo-Air India duopoly in India’s air market [NEW DELHI] India’s competition regulator said on Thursday (Dec 18) it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide. The airline, which controls more than 60 per cent of India’s domestic…
Read MoreGoogle works to erode Nvidia’s software advantage with Meta’s help
The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs [SAN FRANCISCO] Alphabet’s Google is working on a new initiative to make its artificial intelligence chips better at running PyTorch, the world’s most widely used AI software framework, in a move aimed at weakening Nvidia’s longstanding dominance…
Read MoreChip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip shortage. The Japanese carmaker will suspend output in Japan on Jan 5 and Jan 6, a spokesperson said Thursday, without specifying which plants will be affected. All three of the facilities in its…
Read MoreOracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest data centre partner, Blue Owl Capital, will not provide funding for a US$10 billion deal to build its next facility, a source said on Wednesday (Dec 17), amid growing concerns about the cloud computing company’s rising…
Read MoreVolkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering [FRANKFURT] Volkswagen’s battery business is being forced to seek external financing after the German carmaker cut its five-year spending plan, creating a mid-term squeeze for the unit. Third-party funding “is an option that we are looking into more closely than before”, PowerCo chief…
Read MoreHigh coffee prices are changing how consumers take their daily brew
The median price of a regular cup of coffee on menus across the US has risen almost 20% since early 2023 [LONDON] Global coffee prices rose to record highs this year, sending the cost of cappuccinos and lattes soaring. But a caffeine habit is hard to kick. So instead of giving up their daily brew,…
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