Posts by Stephanie Irvin
US: Wall St opens higher after court blocks most Trump tariffs
Published Thu, May 29, 2025 · 09:45 PM [NEW YORK] Wall Street’s main indexes opened higher on Thursday (May 29) after a federal court ruled against most of US President Donald Trump’s tariffs and AI bellwether Nvidia reported a 69 per cent surge in quarterly sales, lifting sentiment. The Dow Jones Industrial Average rose 91.3…
Read MoreIndia bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator Published Thu, May 29, 2025 · 06:36 PM [MUMBAI] Bank frauds in India jumped threefold last year, with loans contributing to bulk of the cases, while discrepancies in digital payments declined. The amount of frauds climbed to 360 billion rupees (S$5.4…
Read MoreKeppel appoints ex-DBS CEO Piyush Gupta as deputy chairman from Jul 1
[SINGAPORE] Keppel has appointed former DBS chief executive Piyush Gupta as deputy chairman and non-executive independent director of its board, effective Jul 1. Gupta will also be appointed a member of the nominating committee, remuneration committee and the board sustainability and safety committee in July. He recently retired from his role as DBS CEO in…
Read MoreNTT Docomo to buy SBI’s online bank for 420 billion yen in cut-throat market
[TOKYO] NTT Docomo is buying SBI Holdings’ online bank in a 420 billion yen (S$3.7 billion) deal to shore up the Japanese mobile carrier’s financial offerings in a hyper-competitive market. Nippon Telegraph and Telephone’s mobile unit will launch a tender offer for SBI Sumishin Net Bank, offering 4,900 yen a share – a 49 per…
Read MoreSony says spinoff will give financial arm its own fundraising capabilities
It is the first partial spinoff by a company in Japan with a direct listing – the first in Japan in more than two decades – set for Sep 29 Published Thu, May 29, 2025 · 04:48 PM [TOKYO] Sony’s CEO said on Thursday (May 29) the spinoff of the group’s financial services arm will…
Read MoreWhat are private markets, and what risks should investors take note of?
[SINGAPORE] Private markets have grown increasingly popular in recent times in South-east Asia, with Singapore accounting for 45 per cent of the private equity market in deal value and volume in 2024. Earlier on Mar 27, the Monetary Authority of Singapore (MAS) announced that a proposed framework for retail private market investment funds is in…
Read MoreFoxconn to soon announce second Japanese auto partner, chairman says
The Apple supplier’s interest in working with Japanese car makers comes as they face growing competition from Chinese brands Published Thu, May 29, 2025 · 01:45 PM [TAIPEI] Taiwan’s Foxconn will soon announce a second Japanese auto partner, Chairman Young Liu said on Thursday (May 29), as the company best known as Apple’s main iPhone…
Read MoreTop Thai wind power firm to fund 65 billion baht of spending with IPO
[BANGKOK] Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the next 12 years, and will go public to fund the expansion. Wind Energy Holding is targeting 2,000 megawatts of domestic installed capacity by 2037, from the current 700 megawatts, chief executive officer Nuttpasint…
Read MoreAustralia aims to avoid Panama repeat in China port showdown
[CANBERRA] Prime Minister Anthony Albanese is confronting a fresh diplomatic dilemma with China: How to fulfil a pledge to regain control of a strategic port without jeopardising improved relations with his country’s largest trading partner. Ahead of an election earlier this month, Albanese promised to return to Australian control the Port of Darwin from Chinese…
Read MoreGold touches over one-week low after US court blocks Trump’s tariffs
Published Thu, May 29, 2025 · 09:32 AM [BENGALURU] Gold hit a more than one-week low on Thursday (May 29), as the US dollar rallied and risk sentiment improved after a US federal court blocked US President Donald Trump’s “Liberation Day” tariffs from going into effect. Spot gold was down 0.5 per cent at US$3,262.99…
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