Posts by Stephanie Irvin
Openspace Ventures rebrands as Openspace Capital, launches two new funds
The equity growth offering seeks to tap MAS’ EQDP, while the private credit strategy presents companies with more options for capital [SINGAPORE] Venture capital firm Openspace Ventures has rebranded as Openspace Capital, and is launching two new funds focused on equity growth and private credit. The equity growth market fund, called the Orbit Listed Growth…
Read MoreKeppel inks partnership with Dell on data centre, AI platform investments in Asia
The collaboration will see data centres in Asia-Pacific incorporating Keppel’s green technologies and renewable energy capabilities [SINGAPORE] Asset manager Keppel on Wednesday (Sep 17) said it inked a new framework agreement with Dell Technologies to collaborate on data centres, and jointly develop and invest in next-generation artificial intelligence (AI) platforms in Asia. Under the partnership,…
Read MoreTrump says US has a buyer for TikTok
[WASHINGTON] President Donald Trump said on Tuesday (Sep 16) that the US and China have a deal that will keep the short-video app TikTok operating in the United States, transferring its US assets to US owners from China’s ByteDance, potentially resolving a saga that has lingered for nearly a year. A deal on the popular…
Read MoreMusk answers Tesla’s pay proposal with US$1 billion stock buy
ELON Musk responded to an unprecedented pay proposal from Tesla’s board by buying about US$1 billion worth of shares, sending the stock soaring in premarket trading. The billionaire bought the shares indirectly through a revocable trust on Sep 12, according to a regulatory filing released Monday (Sep 15). The purchase coincided with Tesla chair Robyn…
Read MoreChina’s Tencent aims to raise US$1 billion equivalent in dim sum bonds
[SYDNEY] Chinese gaming and social media leader Tencent Holdings is aiming to raise the equivalent of US$1 billion in a three-tranche offshore yuan bond deal, according to two sources with direct knowledge of the matter. The sources could not be identified as the information has had not yet been made public. Tencent did not immediately…
Read MoreComfortDelGro, RATP consortium pre-qualifies for Copenhagen Metro bid
[SINGAPORE] KBH Metro Partner, a consortium formed by ComfortDelGro (CDG) and RATP Dev, has been officially pre-qualified to bid for the upcoming operations and maintenance contract for the Copenhagen Metro. The bid to operate and maintain the Copenhagen Metro will be the third collaboration between CDG and RATP. The two companies previously collaborated on Singapore’s…
Read MoreFTC scrutinises Ticketmaster efforts to stop resale bots
The company’s industry dominance has long been targeted by fans, artists, regulators and lawmakers, dating back to the 1990s [SAN FRANCISCO] Live Nation’s Ticketmaster is being probed by the US Federal Trade Commission (FTC) over whether it’s done enough to keep bots from illegally reselling tickets on its platform. The investigation is focused on Ticketmaster’s…
Read MoreUS: Wall Street opens higher as Fed meeting week begins; Tesla climbs
[NEW YORK] Wall Street indexes opened slightly higher on Monday (Sep 15), setting the stage for a week dominated by the Federal Reserve’s policy meeting, while Tesla shares gained following CEO Elon Musk’s stock purchase. The Dow Jones Industrial Average rose 14.2 points, or 0.03 per cent, at the open to 45,848.39. The S&P 500…
Read MoreChina says preliminary probe shows Nvidia violated anti-monopoly law
CHINA’S market regulator on Monday (Sep 15) said that a preliminary investigation had found that US chip giant Nvidia had violated the country’s anti-monopoly law. The brief statement from the State Administration for Market Regulation (SAMR) did not elaborate on how the US company, known for its artificial intelligence and gaming chips, might have violated…
Read MoreSydney Airport unveils terminal expansion to meet passenger jump
[CANBERRA] Sydney Airport, Australia biggest aviation hub, proposed a long-term overhaul of domestic and international terminal operations to cope with an expected 75 per cent increase in passengers in the next 20 years. A draft of the airport’s Master Plan 2045, unveiled on Monday (Sep 15), includes wide-ranging infrastructure, airfield and freight upgrades at Australia’s…
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