Posts by Riah Marton
China’s WeRide delays US IPO just as deadline nears
WERIDE has postponed its plan for a US initial public offering (IPO), according to sources with knowledge of the matter, days before Chinese regulatory approval lapses. The company is still preparing for its first-time share sale, in part to complete documentation for US securities regulators, the sources said, asking not to be identified because the…
Read MoreAsia: Stocks struggles to track Wall Street up after US jobs, Fed minutes
STOCKS fluctuated in Asia on Thursday after Wall Street returned to winning ways on the back of softer-than-expected jobs data and minutes showing some Federal Reserve officials were open to an interest rate cut at their meeting last month. The readings reinforced optimism that the central bank will begin unwinding its long-running monetary tightening campaign,…
Read MoreChina banks become surprise winners of frenzied hunt for yield
IT’S arguably one of the last places you’d expect stock investors to turn as China’s economy struggles and its real estate crisis worsens. But Chinese banks have suddenly become market darlings as investors bet their outsized dividend payouts and state support will make them winners in a country where yields on bonds have tumbled near…
Read MoreGold holds near record high as Fed minutes fuel rate-cut bets
GOLD hovered near all-time highs on Thursday (Aug 22) as minutes from the US Federal Reserve’s latest meeting cemented expectations of a September interest rate cut, with traders now awaiting Chair Jerome Powell’s speech for insights on rate outlook. Spot gold was flat at US$2,511.80 per ounce, as at 0030 GMT, trading below a record…
Read MoreJoey Lawrence and Wife Samantha Cope Break Up After 2 Years of Marriage – E! Online
This is the third divorce for Joey, who was previously married to Michelle Vella and Chadie Yawn-Nelson, with whom he shares daughters Charleston, 18, and Liberty, 14. The actor first met Samantha while filming their 2021 Lifetime thriller My Husband’s Secret Brother, in which he played her lover-turned-murderer. “I’d never dated somebody that I’d worked…
Read MoreSingapore shares retreat at Thursday’s open; STI down 0.3%
SINGAPORE shares started trading in negative territory on Thursday (Aug 22) despite overnight gains in global markets. As at 9.01 am, the Straits Times Index (STI) opened 0.3 per cent or 9.23 points lower at 3,364.53. Across the broader market, gainers outnumbered losers 54 to 41 after 23.9 million securities worth S$30.7 million changed hands.…
Read MoreCute Fall Decor That Has Nothing To Do with Halloween – E! Online
The products featured in this article are from brands available in NBCUniversal Checkout. E! makes a commission on purchases. Seasonal decor seems to pop up earlier and earlier each year. While some are still soaking up the last of summer – which doesn’t technically end until Sept. 22 – others have gone into full fall mode.…
Read MoreMeg Ryan Looks Glowing at Rare Red Carpet Appearance in Bosnia – E! Online
“I remember seeing him in a middle school production of A Midsummer Night’s Dream. He was playing Bottom,” she recalled. “I was newly divorced from his dad, and he was seated at the other side of the gym. I had my head in my hands and was like, ‘Oh, no. He’s good. He’s really good.’ I…
Read MoreBeauty retailer Sephora cuts China jobs as market slumps
LVMH-owned beauty retailer Sephora is cutting its workforce in China, the company said on Wednesday (Aug 21), as consumers curb their spending on creams and make-up in the world’s second-largest economy. Sephora, which sells largely high-end (or “prestige”) perfumes and make-up, previously had around 4,000 employees in the country, which has been one of the world’s fastest…
Read MoreStocks to watch: StarHub, LHN
THE following companies saw new developments that may affect trading of their securities on Thursday (Aug 22):
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