Posts by Stephanie Irvin
Offeror says Sinarmas Land offer price is final, extends offer period to Jun 2
As at May 16, Lyon Investments has received valid acceptances of about 23.1% of the total shares, bringing its total holding to about 81.2% [SINGAPORE] Lyon Investments said on Sunday (May 18) that its offer price of S$0.375 per share of Singapore-listed property developer Sinarmas Land is final, and that it does not intend to…
Read MoreBig Tech goes from stock market’s safest bet to biggest question
FOR most of the past decade, a handful of high-flying technology companies have pushed the US stock market to record highs and become cornerstones of investment portfolios. But that’s collapsed this year. Despite the S&P 500 Index clawing back into the green for 2025 after being whipsawed by President Donald Trump’s vacillating trade policies, tech…
Read MoreFCT to draw on additional debt financing to fund Northpoint City acquisition
[SINGAPORE] The acquisition of Northpoint City’s south wing may be financed either with or without the issuance of perpetual securities, said the manager of Frasers Centrepoint Trust (FCT) in a bourse filing on Saturday (May 17). Proceeds from FCT’s recent equity fundraising have been used to repay its existing debt. The trust will also draw…
Read MoreWanted: C-suiters and specialists to serve ultra-rich as they pivot to alternative assets
[SINGAPORE] As demand for alternative assets is heating up in Singapore, so too is the need to hire more staff versed in the field. Leading recruitment agencies saw more openings for such roles in the first quarter of 2025, with Robert Walters and Randstad reporting a year-on-year increase of nearly 20 per cent in the…
Read MoreGXS’ acquisition of Validus’ Singapore business a sign of market validation
[SINGAPORE] The recent acquisition of small and medium enterprise (SME) lender Validus’ Singapore business is a sign of market consolidation and validation in South-east Asia. To recap, GXS Bank acquired Validus’ Singapore business on Apr 14 for an undisclosed amount. This expands the digital bank’s SME offerings to include Validus’ trade financing and working capital…
Read MoreTesla moves to stymie shareholder lawsuits after Musk pay saga
Published Sun, May 18, 2025 · 10:00 AM [NEW YORK] Tesla took a step to prevent future shareholder lawsuits like the one that blocked a record-setting pay package for chief executive Elon Musk. The automaker late on Friday (May 16) disclosed changes to its corporate bylaws that will require investors to own at least 3…
Read MoreBinance, Kraken are said to have been targets of hacks
[PORTLAND] Binance and Kraken are among major crypto exchanges that have been targeted by the same type of social-engineering hack that was recently disclosed by Coinbase Global, according to people familiar with the situation. Both digital-asset platforms were able to fend off the attacks without losing customer data, according to the people, who asked not…
Read MoreFamily offices added US stocks ahead of Trump’s ‘Liberation Day’
Published Sun, May 18, 2025 · 08:00 AM [LONDON] Investment firms for the world’s wealthy increased their stock bets ahead of US President Donald Trump imposing new tariffs that sent global markets into a tailspin before eventually clawing back losses. Family offices for a European dynasty, hedge fund billionaire Noam Gottesman and duty-free shopping tycoon…
Read MoreContainer ship owners swamped as US-China trade detente revives demand
[LOS ANGELES] Container ship bookings for China-to-US cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear. US importers of sneakers and sofas to construction supplies and auto parts are racing to get…
Read MoreOpenAI to help UAE develop one of world’s biggest data centres
[HONG KONG] OpenAI plans to help develop a massive new data centre in the United Arab Emirates that may eventually be one of the largest in the world, a major bet on the Middle East and a significant expansion of the company’s global artificial intelligence (AI) infrastructure ambitions. The ChatGPT maker is expected to be…
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