Posts by Stephanie Irvin
Europe: Stoxx 600 rounds off fifth week of gains, Cartier-parent Richemont advances
[BENGALURU] European shares rounded off their fifth week of gains on Friday (May 16), as trade deals out of the US eased tariff worries and strong corporate results provided further boost. The region-wide Stoxx 600 index closed up 0.4 per cent. Most local bourses were also higher, with Germany’s hovering near a record high. Luxury…
Read MoreWhy Criminal Background Checks Are Wise for Risk Management
Every decision you make when starting a business influences your success, especially those concerning who you work with. Initial investors and board members bring invaluable expertise and capital. However, they pose serious risks to your business if not properly vetted. Below are reasons why conducting criminal background checks on these key players is a strategic…
Read MoreChina solar firms to speed up global push amid tariff truce
[SHANGHAI] Chinese solar companies will continue their expansion into emerging overseas markets during a 90-day tariff truce between the US and China that brings a more stable trade environment, company executives said at online investor briefings. “The easing of tariff policies between China and the US is conducive to providing a relatively stable overseas…
Read MoreUS: Wall Street builds on strong weekly showing as trade, inflation jitters ease
Published Fri, May 16, 2025 · 09:46 PM [NEW YORK] Wall Street’s main indexes opened higher on Friday (May 16), building on this week’s gains fuelled by a US-China tariff truce and tamer inflation data, while a vote on President Donald Trump’s sweeping tax legislation was also in focus. The Dow Jones Industrial Average rose…
Read MoreHSBC revamps financing, advisory to help private credit push
[LONDON] HSBC Holdings is reorganising its capital markets and corporate advisory units into a new business as part of a plan aimed at helping Europe’s biggest bank grab a larger share of the booming private credit industry. The London-based lender said in a statement on Friday (May 16) that it was creating a new Capital…
Read MoreCreative appoints Sim Wong Hoo’s younger brother as CEO
[SINGAPORE] Creative Technology has named Freddy Sim, the younger brother of its late founder Sim Wong Hoo, as chief executive officer (CEO). The appointment is effective from Friday (May 16). Creative said in a filing with the bourse the same day that the 67-year-old, as an entrepreneur for more than 40 years in the field…
Read MoreSingapore shares climb on Friday; STI gains 0.2%
Singtel is one of the most traded counters after announcing it had sold part of its stake in Bharti Airtel [SINGAPORE] Local stocks rose on Friday (May 16), a day after the Monetary Authority of Singapore and Singapore Exchange Regulation announced they were seeking feedback on proposed changes to the Singapore bourse. The stock exchange’s…
Read MoreIndonesia’s wealth fund in talks to aid flagship airline Garuda
[JAKARTA] Garuda is in talks with Indonesia’s sovereign wealth fund Danantara about an injection of capital, people familiar with the matter said, as the nation’s flagship airline struggles to right its finances. The talks are preliminary and could change, and details regarding the size of the funds transfer are still being worked out, the people…
Read MoreForeigners revisit Indonesia stocks on easing economic concerns
Published Fri, May 16, 2025 · 01:41 PM [JAKARTA] Indonesian stocks are poised for their first monthly inflow since September as subsiding economic concerns and attractive banking shares lure investors. The country’s equity market posted US$83.8 million in net foreign inflows as at May 15 after seven straight months of outflows. That comes as the…
Read MoreLNG traders look to increase exports to Malaysia, Indonesia
Traders are looking to capitalise on the strong domestic growth in the two emerging nations Published Fri, May 16, 2025 · 12:38 PM [SINGAPORE] Liquefied natural gas (LNG) traders are looking to sell more of the fuel to traditional exporters in South-east Asia that are being forced to turn to imports to meet surging energy…
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