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Prime US Reit H2 DPU falls over 90% to US$0.0025; announces 1-for-10 bonus issue
PRIME US Reit’s distribution per unit (DPU) for the second half fell over 90 per cent year on year, as the manager opted to preserve a “substantial proportion of...
Google brings Gemini AI models to enterprise tools
Google said on Wednesday (Feb 21) that some of its artificial intelligence tools that it offers to businesses will be powered by the company’s “Gemini” AI models and available...
Garmin forecasts strong 2024 revenue, beats quarterly estimates
NAVIGATION device maker Garmin beat fourth-quarter earnings expectations and forecast full-year revenue above estimates on Wednesday (Feb 21), betting on strong growth in its auto and fitness businesses. Shares...
US: Wall St opens lower ahead of Nvidia’s results, Fed minutes
WALL Street’s main indexes opened lower on Wednesday (Feb 21) ahead of chip designer Nvidia’s high-stakes earnings report that could potentially hinder or further fuel this year’s AI-led rally,...
Sinopharm offers to take China-TCM private in nearly US$3 billion deal
A CONSORTIUM led by state-owned pharma giant Sinopharm has revived a take-private bid for China Traditional Chinese Medicine Holdings, the Hong-Kong-listed drugmaker said on Wednesday (Feb 21), valuing it...
iFast Q4 net profit surges 917% to S$13.2 million
FINANCIAL services company iFast Corporation’s net profit for the fourth quarter surged 917.1 per cent, on the back of higher revenue, as initial contributions from its ePension division streamed...
US targets China’s top chipmaking plant after Huawei Mate 60 Pro: sources
THE Biden administration is turning up the heat on China’s top sanctioned chipmaker by cutting off its most advanced factory from more American imports after it produced a sophisticated...
Former YuuZoo CEO charged; Interpol Red Notice issued for ex-chairman Zilliacus
THE former chief executive of suspended YuuZoo Corporation, James Matthew Somasundram, was charged on Wednesday (Feb 21) over alleged misleading financial reports released by the company. Meanwhile, Thomas Zilliacus,...
