Posts by Stephanie Irvin
Salesforce to buy Informatica for US$8 billion to bolster AI data tools
[NEW YORK] Salesforce said on Tuesday (May 27) it would buy Informatica for about US$8 billion, betting on the data management platform to sharpen its competitive edge in the booming artificial intelligence (AI) market. The cloud software giant is returning to big-ticket M&A after years on the sidelines, driven by scrutiny from activist investors pressing…
Read MoreUS solar makers see tariff loophole for Asian competitors
Companies including Hanwha Q Cells and First Solar have blamed a surge of discounted imports from South-east Asia for making it difficult to build and sell equipment domestically Published Wed, May 28, 2025 · 07:50 AM [SAN FRANCISCO] US solar manufacturers are asking the US International Trade Commission to quickly address a potential tariff loophole…
Read MoreTSMC to open chip design centre in Munich, could later support AI development
[AMSTERDAM] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, said on Tuesday (May 27) it will open a design centre in Munich, Germany, which could at a later date help develop chips via leading manufacturing processes for applications such as artificial intelligence (AI). President of TSMC Europe, Paul de Bot, said at the…
Read MoreEurope: Shares gain on defence boost, tariff delay aids sentiment
EUROPEAN shares closed higher on Tuesday with defence stocks boosting the market after US President Donald Trump threatened additional sanctions on Russia, while optimism lingered from the delay of US tariffs on the European Union. The Stoxx 600 index closed 0.33 per cent higher at 552.32, building on Monday’s 1 per cent rise after Trump gave the EU…
Read MoreMAS proposes to remove some exemptions from advertisement regulations to better protect consumers
[SINGAPORE] The Monetary Authority of Singapore (MAS) is proposing to amend financial advertisement requirements in a bid to boost protection for consumers. MAS currently requires financial institutions (FIs) to ensure that advertisements are fair and balanced, and not false and misleading. Product advertisements are to also be clear and legible. But FIs are exempted from…
Read MoreIndependent financial adviser deems Amara’s takeover offer at S$0.895 a share ‘fair and reasonable’
[SINGAPORE] The independent financial adviser (IFA) appointed for the takeover bid for hotel group Amara has deemed the offer at S$0.895 a share to be “fair and reasonable”. It has therefore advised the company’s directors considered to be independent to recommend shareholders to accept the offer, said the company on Tuesday (May 27) via a…
Read MoreUS: Wall St opens higher after long weekend on Trump’s trade reprieve
Published Tue, May 27, 2025 · 09:51 PM [NEW YORK] Wall Street opened higher on Tuesday (May 27) after US President Donald Trump dialled back his threat of tariffs on EU imports, defusing trade tensions between the United States and the European bloc and boosting investor confidence. The Dow Jones Industrial Average rose 246.0 points,…
Read MoreNippon Steel could offer Washington golden share to seal US Steel deal, Nikkei reports
Deliberations over the idea, which would give Washington the power to veto important management matters Published Tue, May 27, 2025 · 08:03 PM [TOKYO] Nippon Steel is considering offering a so-called golden share in US Steel to the US government in order to finalise its long-sought acquisition of the iconic American firm, Japan’s Nikkei newspaper…
Read MoreXiaomi reports 47% revenue growth in Q1 as it launches new electric SUV
[BEIJING] China’s Xiaomi reported a 47.4 per cent annual jump in first-quarter revenue on Tuesday (May 27) as the company doubled down on making electric vehicles. Revenue for the quarter ended Mar 31 was 111.3 billion yuan (S$19.9 billion), beating the 107.6 billion yuan average of 17 analyst estimates compiled by LSEG. Adjusted net profit…
Read MoreSingapore shares rise as US delays tariffs on European Union; STI up 0.5%
Across the broader market, gainers beat losers 249 to 180, after 1.1b securities worth S$958m were traded [SINGAPORE] Shares on the Singapore bourse ended higher on Tuesday (May 27), after the US extended the deadline for tariff negotiations with the European Union (EU) to Jul 9. The Trump administration had threatened to impose 50 per…
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