Raises
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Wee Ee Cheong raises UOB stake after FY2024 record net profit
OVER the five trading sessions from Feb 14 to Feb 20, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$217 million, reversing the net…
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Australia’s Goodman raises A$4 billion for data centres to tap AI boom
AUSTRALIA’S Goodman Group plans to raise A$4 billion (S$3.4 billion) via a share placement to develop a global network of data centres, as the march of artificial intelligence (AI) drives…
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Elon Musk Demands a Golden Audit as Billionaire Raises Storm Over Fort Knox’s Secret Gold Hoard
Elon Musk has stirred controversy by questioning the status of the U.S. gold reserves stored at Fort Knox. His comments on social media led Senator Rand Paul to call for…
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Missouri Attorney General Sues Starbucks for DEI Policy, Claims It Raises Prices and Slows Service
The state of Missouri has sued Starbucks due to allegations that the coffeehouse chain’s anti-discrimination policies and other policies relating to diversity, equity and inclusion (DEI) have negatively impacted service…
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Maybank upgrades Singtel’s AIS to buy, raises price target on further profit growth expectations
Maybank Securities upgraded Singtel’s Thai associate Advanced Info Service (AIS) to “buy” from “hold”, due to a strong outlook and healthy yields. Its optimism is on the back of expectations…
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Osim overhauls product details after competition watchdog raises concerns
THE Competition and Consumer Commission of Singapore (CCCS) received a complaint in 2021 from a customer who purchased an Osim product and realised it was not suitable for use after…
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Musk’s DOGE Team Raises Major Cyber Security Concerns
Young engineers deployed across the US government as part of Elon Musk’s Department of Government Efficiency have triggered alarm throughout Washington’s security establishment. Never before has a group of unvetted…
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Cisco raises annual revenue forecast as AI boom boosts networking gear demand
CISCO Systems raised its annual revenue forecast on Wednesday (Feb 12), betting on higher demand for its cloud networking gear amid an artificial intelligence (AI) boom, sending its shares up…
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China bubble tea maker Guming raises US$232 million in IPO, term sheet shows
CHINESE bubble tea firm Guming has raised US$232 million in a Hong Kong initial public offering (IPO) after setting the price of its shares at the top of an indicated…
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Maybank upgrades SGX to ‘buy’, raises price target on potentially stronger IPO pipeline, safe-haven factor
MAYBANK upgraded its call for the Singapore Exchange (SGX) to “buy” and raised its price target for the stock on Friday (Feb 7). That comes after SGX on Thursday (Feb…
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Toyota raises full-year profit outlook by 9% to 4.7 trillion yen, to establish EV, battery unit in China
TOYOTA Motor raised its full-year operating profit forecast by 9 per cent on Wednesday, in a sign of confidence in its ability to ride out any potential US tariffs. The…
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KKR raises offer for Fuji Soft in US$4.3 billion tussle with Bain
KKR & Co raised its offer price for Fuji Soft to fend off a rival bid from Bain Capital, the latest chapter in a months-long battle for the Japanese software…
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Clorox raises guidance after quarterly sales top estimates
CLOROX raised sales and earnings guidance for the current year while also reporting better-than-expected quarterly results, showing that the bleach maker’s business continues to recover from a 2023 hack that…
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DeepSeek Breakthrough Raises AI Energy Questions
Having shattered assumptions in the tech sector and beyond about the cost of artificial intelligence, Chinese startup DeepSeek’s new chatbot is now roiling another industry: energy companies. The firm says…
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DBS raises stake in Shenzhen Rural Commercial Bank
SINGAPORE’S largest lender DBS Bank has acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB), increasing its stake from 16.7 per cent to 19.4 per cent, it announced in…
