Soft
KKR acquires 35% of Fuji Soft after first stage of tender offer
PRIVATE equity firm KKR has acquired a 35 per cent stake in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, the latter...
IBM posts soft revenue growth as consulting woes continue
INTERNATIONAL Business Machines (IBM) reported underwhelming sales as the company grapples with a slowdown in consulting demand.Sales increased 1 per cent to US$15 billion, slightly missing the average estimate...
Peru’s Chinese-built mega port to soft launch in late November with Shanghai route
PERU’S massive Chancay port, which authorities hope will become a major shipping hub for South America-Asia trade, will ship two container ships a week beginning late next month, an...
Fuji Soft board supports KKR buyout offer: Nikkei
THE board of Japan’s Fuji Soft has decided to stick with a 558.4 billion yen (S$4.9 billion) buyout offer from KKR, the Nikkei newspaper said on Friday (Oct 18),...
Bain makes binding offer for Fuji Soft, outbidding KKR by 7%
BAIN Capital made a binding takeover proposal for Fuji Soft as it seeks to outmaneuver private equity rival KKR, which has offered a lower price for the Japanese software...
Mizuho buys ‘safe’ assets on risk that US soft landing fails
MIZUHO Financial Group is preparing for short-term market disruptions if investors’ predictions of a soft landing in the US prove wrong, by stocking up on easy-to-sell assets such as...
US: Wall Street opens marginally higher after soft inflation report
Wall Street’s main stock indexes opened higher on Friday (Sep 27), with the S&P 500 near record highs, after soft inflation data raised expectations that the Federal Reserve could...
US dollar soft, yen strong as bets firm on aggressive Fed rate cut
THE US dollar was lower on Monday (Sep 16) while the yen hit its highest level in more than a year, as market participants increasingly expected an oversized rate...
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