News

Virgin Australia seeks to raise US$442.8 million in IPO, term sheet shows
[ad_1] Published Wed, Jun 4, 2025 · 10:24 AMBAIN Capital-owned Virgin Australia is looking to raise A$685 million (S$442.7 million) in an initial public offering, according to a term sheet seen...
Virgin Australia returns to stock market with launch of A$685 million IPO
[ad_1] [SYDNEY] Virgin Australia is set to return to the stock market after a five-year absence, with the Bain Capital-owned airline launching a A$685 million (S$572 million) initial public offering...
Global funds weigh whether Indonesia market rebound was too fast
[ad_1] [JAKARTA] Indonesia’s financial markets have bounced back after a torrid few months, sparking a debate on whether the rally can last.RBC BlueBay says any inflows into Indonesian bonds will...
Stoneweg E-Reit announces strategic stapling to form stapled trust
[ad_1] On completion of the proposed stapling, the stapled entity will be named ‘Stoneweg Europe Stapled Trust’ or Sert for short[SINGAPORE] The manager of Stoneweg European Real Estate Investment Trust...
California Senate passes bill that aims to make AI chatbots safer
[ad_1] California lawmakers on Tuesday moved one step closer to placing more guardrails around artificial intelligence-powered chatbots.The Senate passed a bill that aims to make chatbots used for companionship safer...
Global alarms rise as China’s critical mineral export curbs takes hold
[ad_1] [WASHINGTON] Alarm over China’s stranglehold on critical minerals grew on Tuesday (Jun 3) as global automakers joined their US counterparts to complain that restrictions by China on exports of...
Ex-Ubisoft executive on trial denies seeing office harassment
[ad_1] [BOBIGNY, France] A former executive at French video game giant Ubisoft, on trial with two others for alleged sexual and psychological harassment of employees, denied on Tuesday witnessing any...
Europe: Shares flat amidst inflation data, trade jitters
[ad_1] EUROPE’S benchmark stock index ended little changed on Tuesday, as investors ceded ground under the dual pressure of softening economic indicators and persistent global trade anxieties.The pan-European Stoxx 600 closed...
Fed’s Bostic wants more progress on inflation, in no rush to cut
[ad_1] [NEW YORK] US Federal Reserve Bank of Atlanta president Raphael Bostic said he’s in no rush to move interest rates, adding he wants to see “a lot” more progress...
Semiconductor manufacturer Frencken to build new S$63 million plant in Kaki Bukit
[ad_1] [SINGAPORE] Semiconductor maker Frencken will invest S$63 million to build a new and larger five-storey manufacturing facility in Kaki Bukit. The new site will be built on a plot...
Temasek’s Mapletree Investments returns to profit, hits record AUM of S$80.3 billion in FY2025
[ad_1] [SINGAPORE] Temasek’s Mapletree Investments reversed a loss from the previous year to turn a profit of S$227.2 million for the full-year ended Mar 31, on the back of narrowed...
Singapore hedge fund Arrowpoint capitalised on May market turmoil
[ad_1] [HONG KONG] Singapore’s multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its...