Posts by Stephanie Irvin
Gold gains on weaker dollar, US fiscal concerns
[BENGALURU] Gold prices rose on Wednesday (May 21) as the US dollar slipped to a two-week low and investors sought safety amid US fiscal uncertainty, with Congress debating a sweeping tax bill. Spot gold was up 0.4 per cent at US$3,300.72 an ounce, as at 0035 GMT. US gold futures gained 0.6 per cent to…
Read MoreStocks to watch: CapitaLand Investment, CDL, SingPost, SIA Engineering, Delfi, SLB, Dasin Retail Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 21). CapitaLand Investment (CLI): The global real asset manager on Wednesday announced the launch of its first onshore master fund in China, the CLI RMB Master Fund. The fund has a total equity commitment of five billion yuan…
Read MoreTesla on track to launch robotaxi trial in Austin, Texas, by June end, Musk says
[SAN FRANCISCO] Tesla is set to begin a test of its long-promised robotaxi service on schedule in Austin, Texas, by the end of June, chief executive Elon Musk said on Tuesday (May 20), even as the company faces safety questions from a US regulator. The electric vehicle (EV) maker will roll out about 10 self-driving…
Read MoreOil prices little changed on geopolitical uncertainty, weak China demand signals
[NEW YORK] Oil prices were little changed on Tuesday (May 20) due to uncertainty in US-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude importer China’s economy. Brent futures slid 16 US cents, or 0.2 per cent, to settle at US$65.38 a barrel, while US West Texas…
Read MoreUBS to open Abu Dhabi office as more clients move to Mideast
Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few years Published Tue, May 20, 2025 · 10:07 PM [ABU DHABI] UBS Group is opening a new office in Abu Dhabi as the European banking giant seeks to capitalise on the flood of wealthy individuals leaving countries like the…
Read MoreChevron seeks big oil and gas blocks in Indonesia
Chevron is seeking blocks with potential reserves of around 15 trillion cubic feet of gas Published Tue, May 20, 2025 · 08:58 PM [TANGERANG, Indonesia] US oil major Chevron is interested in exploring and developing oil and gas assets in Indonesia with sizeable reserves, Djoko Siswanto, chairman of its upstream oil and gas regulator SKK…
Read MoreCDL posts S$1.9 billion in Q1 sales revenue in Singapore property development
[SINGAPORE] Property developer City Developments (CDL) posted sales revenue of S$1.9 billion for its property development segment in the Singapore market in the first quarter of 2025, driven by the launch of its joint venture condominium project, The Orie, in Toa Payoh. Overall, the revenue translates to an increase of 85 per cent in volume…
Read MoreWeRide joins Tencent Cloud to build smart driving services for overseas markets
Published Tue, May 20, 2025 · 07:20 PM [BEIJING] Chinese self-driving startup WeRide said on Tuesday (May 20) that it will partner with Tencent Cloud to promote large-scale robotaxi commercial operations and build smart driving solutions for overseas markets. Under the deal signed on Tuesday, Tencent’s cloud unit “will rely on its global cloud infrastructure…
Read MoreSingapore shares rise amid Wall Street’s overnight gain; STI up 0.2%
Across the broader market, decliners trail gainers 195 to 263, after one billion securities worth S$1 billion change hands [SINGAPORE] Singapore shares rose on Tuesday (May 20), after Wall Street closed higher overnight, shrugging off Moody’s downgrading of the United States’ sovereign credit rating. With only one-third of Singapore’s blue-chip barometer Straits Times Index (STI)…
Read MoreRHB names its S-Reit top picks on softer interest cost pressures, minimal tariff impact
[SINGAPORE] RHB analysts maintained their “overweight” call on Singapore-listed real estate investment trusts (S-Reits) amid “softer interest cost pressures” – particularly for Singapore-centric Reits. This comes as most S-Reits under RHB’s coverage report lower overall interest costs, as “sharp falls” in domestic rates have benefited interest costs, said RHB analyst Vijay Natarajan in a Tuesday…
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