Posts by Stephanie Irvin
Frasers Hospitality Trust’s stapled securities open 1.5% higher after privatisation proposal
[SINGAPORE] Stapled security prices of Frasers Hospitality Trust (FHT) opened 1.5 per cent higher at S$0.695, a day after Frasers Property proposed to privatise the trust at S$0.71 per stapled security. However, as at Thursday (May 15) noon, stapled securities of FHT were up 0.7 per cent or S$0.005 at S$0.69. The offer marks the…
Read MoreChina’s investors signal trade truce is no panacea for markets
[SINGAPORE] The trade truce is not enough to ignite a rush into Chinese financial assets amid expectations of reduced policy stimulus and lingering uncertainty on a final deal. While Chinese stocks have rallied following the agreement, recouping their losses since the Apr 2 volley of tariff announcements, global investors appear to be staying on the…
Read MoreBumitama Agri Q1 profit rises 51% to 495.6 billion rupiah
Higher commodity prices and rising production drive revenue up 19% at 4.6 trillion rupiah [SINGAPORE] Bumitama Agri posted on Thursday (May 15) a 51 per cent rise in net profit to 495.6 billion rupiah (S$38.9 million) for the first quarter of 2025, from 328.4 billion rupiah in the previous corresponding period. Revenue for the quarter…
Read MoreBumitama Agri Q1 profit rises 51% to 495.9 billion rupiah
[SINGAPORE] Bumitama Agri posted on Thursday (May 15) a 51 per cent rise in net profit to 495.9 billion rupiah (S$38.9 million) for the first quarter of 2025, from 328.4 billion rupiah in the previous corresponding period. Revenue for the quarter rose 18.6 per cent year on year to reach 4.6 trillion rupiah, from 3.9…
Read MoreRich Japanese still fear a yen crash, UBS wealth manager says
[NEW YORK] Speculators and much of the investing world have turned optimistic on the yen as Trump’s trade war keeps markets on edge. But there’s one key holdout that is not ready for bullishness: Japan’s richest citizens, worried about the economic outlook, according to a global wealth manager. That’s in part because the country’s most…
Read MoreAI chipmaker AMD unveils US$6 billion buyback plan
[BENGALURU] Advanced Micro Devices (AMD) on Wednesday (May 14) announced a new US$6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the artificial intelligence (AI) trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based company rose as much…
Read MoreApple readies feature that lets Vision Pro users scroll with their eyes
[LOS ANGELES] Apple is developing a feature for its Vision Pro headset that lets users scroll through software with their eyes, aiming to enhance the device with a novel interface. The eye-scrolling capability is being tested as part of visionOS 3, an upcoming version of the Vision Pro’s operating system, according to sources with knowledge…
Read MoreUS: Stocks mostly rise ahead of retail sales data
Published Thu, May 15, 2025 · 06:12 AM [NEW YORK] Wall Street stocks finished mostly higher on Wednesday following a choppy session as markets look ahead to key US retail sales and inflation data. Analysts described the indecisive session as reflective of a quiet day for macroeconomic news after markets soared on Monday on a favourable US-China…
Read MoreQatar Airways signs US$200 billion deal for 160 Boeing jets during Trump visit
Published Wed, May 14, 2025 · 11:01 PM [DOHA] State carrier Qatar Airways signed a deal on Wednesday (May 14) to purchase jets from US manufacturer Boeing during President Donald Trump’s visit to the Gulf Arab country. Trump said the deal was worth US$200 billion and included 160 jets. Trump and Qatar’s Emir Sheikh Tamim…
Read MoreUS: Wall St opens higher as trade optimism holds
Published Wed, May 14, 2025 · 09:44 PM [NEW YORK] Wall Street’s main indexes opened higher on Wednesday (May 14) after the week’s strong start, as soft inflation data and the US-China tariff truce boosted sentiment, while Donald Trump’s Gulf tour stoked expectations of additional trade agreements. The Dow Jones Industrial Average rose 9.7 points,…
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