Posts by Kim Browne
Denso in talks to buy Temasek-backed seed maker for US$500 million
Published Tue, May 27, 2025 · 10:16 AM [TOKYO] Denso is in final talks to buy a Temasek-backed seed supplier for around US$500 million, as the Japanese vehicle parts supplier deepens its expansion into the agriculture sector, sources familiar with the matter said. Singapore investment firm Temasek, which owns almost half of Axia Vegetable Seeds…
Read MoreGold edges higher as dollar dips, US fiscal worries mount
Published Tue, May 27, 2025 · 09:54 AM [BENGALURU] Gold prices edged up on Tuesday (May 27), supported by a weaker US dollar and concerns over the US fiscal outlook, while investors looked for further clarity on trade policy after US President Donald Trump postponed a planned tariff hike on European goods. Spot gold was…
Read MoreJapanese bonds yields fall ahead of test at 40-year auction
[TOKYO] Yields on Japanese super-long bonds fell ahead of an auction on Wednesday (May 28) that is expected to test demand following a recent sale that sent jitters through global markets. Yields on 40-year and 30-year maturities slid 10 basis points in Tokyo on Tuesday, adding to drops in recent days. These moves followed sharp…
Read MoreSingapore-based Quadria’s 3rd healthcare fund closes at US$1.1 billion, above US$800 million target
[SINGAPORE] Quadria Capital, a Singapore-based private equity (PE) firm, announced on Tuesday (May 27) the final close of its third healthcare fund at nearly US$1.1 billion. That is above the original target of US$800 million, said the healthcare-focused company, which manages more than US$4 billion across 27 investments in South and South-east Asia. Its investors…
Read MoreTargaZyme wants to cure cancer by improving stem cell delivery to diseased organs
[SINGAPORE] After watching her family members go through painful treatment methods to deal with their cancer diagnoses, Lynnet Koh turned to cell therapy to find new ways to cure the debilitating disease. “Unlike other areas in medicine, which primarily treat side effects of the disease and extend life by a few months, I really wanted…
Read MoreTrump Media to raise US$3 billion to spend on cryptocurrencies: report
The company behind Truth Social, a streaming and social media platform, has been exploring potential mergers and acquisitions as it aims to diversify into financial services Published Tue, May 27, 2025 · 06:49 AM [BENGALURU] US President Donald Trump’s social media firm, Trump Media & Technology Group, plans to raise about US$3 billion to spend…
Read MoreEurope: Stocks recover after Trump delays EU tariffs in hopes of deal
EUROPEAN shares kicked off the week on a positive note on Monday, recouping the previous session’s losses, as markets heaved a sigh of relief after US President Donald Trump delayed his threat to impose a 50% tariff on the region. The pan-European Stoxx 600 index closed 0.99 per cent higher at 550.50. It had lost 0.9 per…
Read MoreEU warns Shein of fines in consumer protection probe
Shein could also be the target of EU regulatory demands under the EU’s Digital Services Act Published Mon, May 26, 2025 · 11:40 PM [BRUSSELS] The European Union on Monday (May 26) urged fast-fashion retailer Shein to respect EU consumer protection laws and warned it could face fines if it failed to address the EU’s…
Read MoreTampines Changkat MP Desmond Choo resigns from SBS Transit’s board after Cabinet appointment
[SINGAPORE] Member of Parliament for Tampines Changkat single-member constituency (SMC) Desmond Choo resigned from the board of SBS Transit on Monday (May 26). This follows his appointment as Minister of State for Defence last Friday. He had been an MP for Tampines GRC on the People’s Action Party ticket since the 2015 general election. He…
Read MoreEuro trades at one-month high after Trump delays EU tariffs
[TOKYO/LONDON] The euro hit a one-month high against the greenback on Monday (May 26), after US President Donald Trump backed down from threatened 50 per cent duties on European Union shipments from Jun 1, as the bloc asked for time to “reach a good deal”. The US dollar continued its decline against a broad spectrum…
Read MoreHKBN CEO says China Mobile’s HK$7.8 billion offer not good enough, open to more bidders
[HONG KONG] China Mobile’s HK$7.8 billion (S$1.3 billion) takeover offer for broadband operator HKBN is not good enough and the Hong Kong-based company is open to engage with more bidders to get the best value for shareholders, its CEO said on Monday (May 26). State-owned China Mobile made an offer for HKBN at HK$5.23 a…
Read MoreVolvo Cars to cut 3,000 jobs in restructuring
[STOCKHOLM] Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday (May 26). The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up…
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