Posts by Stephanie Irvin
Oracle inks cloud deal worth US$30 billion a year
That revenue alone would represent nearly three times the size of Oracle’s current infrastructure business Published Tue, Jul 1, 2025 · 06:00 AM [AUSTIN] Oracle said it has signed a single cloud deal worth US$30 billion in annual revenue – more than the current size of its entire cloud infrastructure business. That revenue is expected…
Read MoreBoeing’s US$4.7 billion Spirit deal faces UK antitrust probe
The probe will determine if the deal raises the risk of substantial lessening of competition in the UK Published Mon, Jun 30, 2025 · 09:54 PM [NEW YORK] Boeing’s US$4.7 billion deal to buy Spirit AeroSystems Holdings will face UK antitrust investigation, the country’s antitrust watchdog said. The Competition and Markets Authority will decide whether…
Read MoreChina urges Canada to ‘correct wrongdoing’ over Hikvision shutdown
Published Mon, Jun 30, 2025 · 08:35 PM [BEIJING] China’s commerce ministry on Monday (Jun 30) urged Canada to “immediately correct its wrongdoings” after Ottawa ordered the Chinese surveillance camera manufacturer Hikvision to cease operation in the country, citing national security concerns. In a statement published on its website, the Chinese ministry vowed to take…
Read MoreECB tweaks strategy to counter sustained inflation swings, either up or down
[SINTRA, Portugal] The European Central Bank pledged on Monday (Jun 30) to react with equal vigour when inflation was too high as when it was too low, tweaking its overarching strategy after being blind-sided by a surge in prices in recent years. The ECB’s new five-year strategy follows a rollercoaster period in which it went…
Read MoreMice design-and-build specialist Dezign Format eyes Catalist IPO, lodges preliminary prospectus
[SINGAPORE] A second company in two weeks is preparing to list on the Singapore Exchange’s Catalist board, with Dezign Format Group lodging its preliminary prospectus on Monday (Jun 30). This follows a similar move by Lum Chang Creations on Jun 23, as part of its spin-off from mainboard-listed Lum Chang Holdings. In its offer document,…
Read MoreSingaporeans fuel Quayside JBCC sell-out amid Johor’s RTS boom
[KUALA LUMPUR] Singaporean buyers have taken up the lion’s share of all 482 serviced apartments at Quayside JBCC – a new mixed-use project in Johor Bahru – as cross-border demand rises ahead of the 2026 Johor Bahru-Singapore Rapid Transit System (RTS) Link and the buzz of a potential real estate investment trust (Reit) listing. “The…
Read MoreGlobal banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the central bank by the Jul 7 deadline, the sources say Published Mon, Jun 30, 2025 · 01:45 PM [MUMBAI] Global lenders plan to ask India’s central bank to soften a plan requiring them to report offshore…
Read MoreThai coconut water maker IFBH’s shares jump in Hong Kong debut
[HONG KONG] Shares of Thai coconut-water maker IFBH rose as much as 67 per cent on their first day of trading in Hong Kong following a HK$1.16 billion (S$188 million) initial public offering (IPO), the latest sign of renewed vigour in the city’s equity capital market. The stock jumped to as high as HK$46.50 in…
Read MoreWhat traders have gotten wrong in 2025
[LONDON] Six months since Wall Street laid out its predictions for 2025, world conflicts and US President Donald Trump’s turbulent policy making have shattered assumptions about the strength and pre-eminence of US assets and the economy, leaving market favourites in tatters and conjuring unexpected winners. As foreseen: swings in sovereign bond markets have been sharp,…
Read MoreMeta spending big on AI talent but will it pay off?
[NEW YORK] Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree. OpenAI boss Sam Altman recently lamented that Meta has offered US$100 million bonuses to engineers who jump to Zuckerberg’s ship, where hefty salaries…
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