Posts by Yurie Miyazawa
Paramount’s new offer for Warner Bros is not sufficient, major investor says
The investors now have until Jan 21 to accept or reject the so-called tender offer [LOS ANGELES] Paramount Skydance’s latest offer to buy Warner Bros Discovery still is not good enough for prominent shareholder Harris Oakmark, the investor told Reuters. Warner Bros’ fifth largest shareholder, owning 96 million shares or about 4 per cent of…
Read MoreMitsui OSK inks financing deal for Singapore LNG terminal with banks including DBS, OCBC
The deal is for a newbuild floating storage and regasification unit that will be operated by Singapore LNG Corporation [SINGAPORE] Mitsui OSK Lines (MOL) has signed a project finance agreement with a banking syndicate for a newbuild floating storage and regasification unit (FSRU) in Singapore. The FSRU – a type of ship that receives and…
Read MoreVolare triggers mandatory offer for Alpha Integrated Reit following acquisition of ESR stake
Volare and its concert parties now control 41.27% of the total issued units by AI-Reit, formerly known as Sabana Reit [SINGAPORE] Mindarie Investment, a wholly owned subsidiary of Swiss-based Volare Group, on Tuesday (Dec 23) launched a mandatory conditional cash offer for all issued and outstanding units of Alpha Integrated Real Estate Investment Trust (AI-Reit)…
Read MoreTelefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans [MADRID] Telefonica will book a cost of 2.5 billion euros (S$3.8 billion) to pay for the exit of about 5,500 employees as part of a sweeping cost-reduction plan. The Spanish carrier has signed an agreement with unions to implement the exit…
Read MoreEver Glory United to move to SGX mainboard on Dec 29; public offer 7.6 times subscribed
[SINGAPORE] Catalist-listed engineering services provider Ever Glory United will transfer to the mainboard of the Singapore Exchange (SGX) on Dec 29. Trading in its shares on the mainboard will commence at 9 am that day, the company said in a bourse filing on Monday (Dec 22). This comes after the proposed listing transfer received shareholder…
Read MoreSingPost’s 2024 fraud incident allegedly involved e-commerce shipments bound for Canada
[SINGAPORE] More details have emerged about Singapore Post’s (SingPost) parcel delivery fraud incident that came to light in 2024. The Business Times understands the major client involved was Cainiao, the logistics subsidiary of Alibaba. The fraud involved the transhipment of parcels from China to Canada through Hong Kong handled by former SingPost subsidiary Quantium Solutions…
Read MoreUniqlo’s owner boosts new graduate pay as Japan faces inflation
UNIQLO owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12 per cent, stepping up efforts to secure and retain talent as the country’s workers grapple with inflation. Annual pay will grow by about 12 per cent to 5.9 million yen (S$48,350) starting in March for university graduates…
Read MoreWhy investors are betting on nuclear fusion even as it remains elusive
Interest in fusion has been further fuelled by the proliferation of data centres, as tech firm hunt for sources to power their cloud computing and AI operations NUCLEAR fusion has long captured the scientific imagination. The dream is to harness the same process that powers stars to produce cheap, abundant and carbon-free electricity. The technology…
Read MoreSoftBank races to fulfil US$22.5 billion funding commitment to OpenAI by year-end: sources
[NEW YORK/TOKYO/SAN FRANCISCO] SoftBank Group is racing to close a US$22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap its undrawn margin loans borrowed against its valuable ownership in chip firm Arm Holdings, sources said. The “all-in” bet on OpenAI is…
Read MoreValueMax to defend claims of infringement by LV, says it doesn’t carry LV products currently
[SINGAPORE] ValueMax says it is vigorously defending claims of infringement and does not currently carry LV products at all its outlets, in response to queries after news broke that the SGX-listed company is being sued by global luxury and fashion goods company Louis Vuitton. It was reported on Dec 17 that Louis Vuitton – or…
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