Posts by Stephanie Irvin
Offeror says Silverlake Axis privatisation bid is final with no price increase
E2I says its offer is an opportunity for shareholders who may find it difficult to exit due to low trading liquidity THE voluntary unconditional offer from a group led by Silverlake Axis chairman Goh Peng Ooi to take the company private is final with no intention to raise the price, said offeror E2I on Tuesday…
Read MoreIndia’s first AI unicorn Fractal will weigh US$500 million IPO
FRACTAL Analytics, a provider of artificial intelligence (AI) services, is considering filing for an initial public offering (IPO) in Mumbai as soon as November to raise US$500 million, sources said. Fractal, known as India’s first AI unicorn, may seek a valuation of at least US$3.5 billion in the share sale, they added, asking not to…
Read MoreIndia’s first AI unicorn Fractal mulls US$500 million IPO
FRACTAL Analytics, a provider of artificial intelligence (AI) services, is considering filing for an initial public offering (IPO) in Mumbai as soon as November to raise US$500 million, sources said. Fractal, known as India’s first AI unicorn, may seek a valuation of at least US$3.5 billion in the share sale, they added, asking not to…
Read MoreMost Gen Zs and millennials aim to retire early: survey
YOUNGER Singaporeans aim to retire early, with nearly three-quarters of millennials and Gen Zs aiming to stop working before they turn 60, indicated a report by Etiqa Insurance released on Tuesday (Sep 24). The report, Etiqa Insurance Singapore Retirement Insights Report 2024, delves into Singaporeans’ attitudes and preparedness for retirement. It surveyed 1,009 individuals across…
Read MoreDulux maker Akzo Nobel plans to cut about 2,000 jobs globally
DULUX paint maker Akzo Nobel plans to cut about 2,000 jobs globally as part of efforts to reduce costs, targeting positions in its head offices, the Dutch company said on Tuesday (Sep 24). “We will be simplifying our structure, our processes, reducing cost of administrative functions,” Akzo Nobel’s senior spokesperson told Reuters, saying positions in…
Read MoreBank of Japan chief signals no rush in raising rates further
THE Bank of Japan (BOJ) can afford to spend time scrutinising market and overseas economic developments in setting monetary policy, governor Kazuo Ueda said on Tuesday (Sep 24), suggesting that the central bank was in no rush to raise interest rates further. Ueda reiterated that the BOJ will raise interest rates if trend inflation accelerates…
Read MoreMeta’s AI chatbot to start speaking in the voices of Judi Dench, John Cena, others: source
FACEBOOK owner Meta Platforms is planning to announce this week that it has secured deals with actors including Judi Dench, Kristen Bell and John Cena to give voice to its Meta AI chatbot, a source familiar with the company’s plans said on Monday (Sep 23). The new audio feature will offer users the option to…
Read MoreThailand’s car production drops 20% y/y in August, federation says
CAR production in regional automaking hub Thailand fell 20.56 per cent in August from a year earlier due mainly to weaker domestic sales, the Federation of Thai Industries said on Tuesday. The figure compared with July’s 16.6 per cent year-on-year decline. It was the 13th straight month that production had contracted. In the January-August period,…
Read MoreChina’s 10-year bond yield falls to 2% for first time on record
CHINA’S benchmark bond yield fell to 2 per cent for the first time on record, as the central bank announced a package of monetary policy easing measures to support growth. The 10-year yield declined as much as three basis points to 2 per cent after the People’s Bank of China (PBOC) on Tuesday (Sep 24)…
Read MoreUS FTC set to greenlight Chevron’s US$53 billion buy of oil rival Hess: sources
THE US Federal Trade Commission (FTC) is expected to greenlight US oil producer Chevron’s purchase of Hess as soon as this week, two sources familiar with the matter said, leaving ExxonMobil’s challenge to the US$53 billion deal as its final hurdle. The proposed merger was first announced last October, and the FTC sent a second…
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