Israeli tech training Masterschool raises $100 million in private fund
JERUSALEM : Masterschool, an Israeli network of tech career-training schools, said on Wednesday it had raised $100 million in an early stage funding round led [more]
Software firm SpotOn valued at $3.6 billion after Dragoneer-led funding round
:SpotOn said on Wednesday it had raised $300 million in a late-stage funding round led by investment firm Dragoneer, which valued the software maker at [more]
Central banks’ hopes for supply chain miracle may be dashed by China, Ukraine
WASHINGTON : Global central banks hoping that high inflation would ease through improving global supply chains saw little relief through April as new coronavirus lockdowns [more]
SG stocks Thursday: Temasek-tied Astrea, SIA, SembMarine, Ascendas India Trust – Shenton Wire
SG stocks Thursday, 19 May 2022: Temasek-tied Astrea, Singapore Airlines, SembMarine, Wing Tai, CLCT, Ascendas India Trust and First REIT. Read More
SG briefs: OxPay Financial, Viking Offshore, Watches.com – Shenton Wire
Singapore company briefs: OxPay Financial, Viking Offshore and Marine, and Watches.com (formerly Ntegrator) Read More
Russia could legalise cryptocurrencies as means of payment – industry minister
Advertisement Business FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken taken March 13, 2020. REUTERS/Dado Ruvic/Illustration 19 May 2022 [more]
Russia to legalise cryptocurrency as means of payment ‘sooner or later’: Minister
Russia will sooner or later legalise cryptocurrencies as a means of payment, Industry and Trade Minister Denis Manturov said on Wednesday (May 18), suggesting that [more]
SG buybacks Wednesday: Keppel, OCBC, China Sunsine, OUE, HK Land, Hong Fok – Shenton Wire
Singapore companies announcing share buybacks on Wednesday, 18 May 2022: OCBC, Keppel Corp., Hongkong Land, China Sunsine Chemical Holdings, OUE Ltd., Cosmosteel Holdings, G.K. Goh Holdings, [more]
First REIT enters deal to divest Siloam Hospitals Surabaya for around S$41M – Shenton Wire
First REIT has entered a deal to divest Siloam Hospitals Surabaya (SHS) for IDR430B, the REIT said Wednesday. Read More
Canoo production starts could slip, but CEO remains confident in funding
DETROIT : Start of production by electric vehicle maker Canoo Inc at its Arkansas and Oklahoma assembly plants could slip due to supply-chain pressures, but [more]
Google’s Russian subsidiary to file for bankruptcy after bank account seized
Google's Russian subsidiary plans to file for bankruptcy after authorities seized its bank account, making it impossible to pay staff and vendors, but free services [more]
Ascendas India Trust to acquire Chennai industrial property – Shenton Wire
Ascendas India Trust entered a definitive deal to acquire Casa Grande - Phase 1, an industrial facility in Chennai, the REIT said Wednesday. Read More
Mexican cryptocurrency platform Bitso launches in Colombia
BOGOTA: Mexican cryptocurrency exchange platform Bitso has begun operating in Colombia, its fourth market, where it hopes to accumulate 1 million clients just this month, [more]
Dollar gains, stocks retreat as inflation jitters return
NEW YORK/LONDON :The dollar strengthened and global stocks retreated on Wednesday as concerns about economic growth and rising inflation soured sentiment, underscored by a 9 [more]
Tencent profit halves, revenue flat as crackdown and COVID-19 weigh
HONG KONG: China's Tencent reported on Wednesday its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, [more]
S.African central bank eyes digital rand to cut cross-border payment costs
LONDON/JOHANNESBURG : A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few [more]
Tesla removed from S&P 500 ESG index on autopilot, discrimination concerns
Advertisement Business FILE PHOTO: The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs/File Photo/File Photo [more]
Tesla removed from S&P 500 ESG Index, prompting Musk pushback
:S&P Dow Jones Indices has removed electric carmaker Tesla Inc from its widely-followed S&P 500 ESG Index, citing issues including racial discrimination claims and crashes [more]
Singapore Airlines reports fiscal 2H net loss narrowed sharply – Shenton Wire
SIA said Wednesday its fiscal 2H net loss narrowed sharply as air travel demand got support from border re-openings in most key markets. Read More
China, US lead rise in global debt to record high US$305 trillion: IIF
NEW YORK: The world's two largest economies borrowed the most in the first quarter as global debt rose to a record above US$305 trillion, while [more]
Delfi Q1 earnings up 13.9% on higher sales
CHOCOLATE confectionary company Delfi posted an earnings before interest, taxes, depreciation and amortisation (Ebita) of US$20.5 million in Q1, up 13.9 per cent from the [more]
CapitaLand China Trust: Retail outlook may improve in 2H22 – Shenton Wire
CapitaLand China Trust (CLCT) said the retail outlook in China may improve in the second half of this year. Read More
Uruguay’s dLocal remains “extremely bullish” on new client opportunities-COO
:Uruguayan payments firm dLocal remains "extremely bullish" on new client opportunities as the company continues to expand into emerging markets, a company executive said in [more]
Oil prices steady on China demand recovery expectations, supply concerns
LONDON :Oil prices were stable on Wednesday as supply concerns and expectations that easing COVID-19 restrictions in China will boost demand eased losses from the [more]