Posts by Stephanie Irvin
Gold 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 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 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 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 MoreChina raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade Published Mon, May 26, 2025 · 07:21 PM [BEIJING] China’s central bank asked its major lenders to raise the share of renminbi when facilitating cross-border trade, in its latest push for the use of the currency as the world…
Read MoreChinese food delivery giant Meituan net profit up 46.2% in first quarter
The company controls nearly 70% of China’s delivery market, but rising competition could drive up costs and squeeze margins, analysts say Published Mon, May 26, 2025 · 05:36 PM [SHANGHAI] China’s leading food delivery group Meituan on Monday (May 26) reported net profit for the first quarter of 10.9 billion yuan (S$1.9 billion), up 46.2…
Read MoreHong Leong Bank forms private banking alliance with Lombard Odier
[SINGAPORE] Bursa-listed Hong Leong Bank (HLB) – a subsidiary of Malaysian tycoon Quek Leng Chan’s Hong Leong Financial Group (HLFG) – on Monday (May 26) announced it has formed a strategic alliance with Swiss private bank Lombard Odier. Quek is chairman of both HLFG and HLB, which are part of Malaysia’s Hong Leong Group…
Read More