Posts by Stephanie Irvin
Gold rises as US dollar slips, Trump tariff threats fuel safe-haven demand
Markets are expecting 54 basis points of rate cuts this year, with the reductions now seen starting from October Published Mon, May 19, 2025 · 09:25 AM [BENGALURU] Gold prices rose more than 1 per cent on Monday (May 19) as the US dollar weakened and as US Treasury Secretary Scott Bessent reaffirmed US President…
Read MoreStocks to watch: Frasers Centrepoint Trust, Sinarmas Land, Creative, Econ Healthcare
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (May 19). Frasers Centrepoint Trust (FCT): The acquisition of Northpoint City’s south wing may be financed either with or without the issuance of perpetual securities, said FCT’s manager in a bourse filing on Saturday. Proceeds from FCT’s recent equity…
Read MoreCarlyle on Japan hiring spree after new US$3 billion buyout fund
[TOKYO] Carlyle Group said it is on course to hire 10 investment professionals in Tokyo as it starts dealmaking for its latest 430 billion yen (S$3.8 billion) Japan buyout fund. The Washington-based private equity firm has already made four junior to mid-level hires this year, and aims to add six more by December, according to…
Read MoreGlobal chip giants converge on Taiwan for Computex
[TAIPEI] Global semiconductor chip giants will gather at Taiwan’s top tech expo this week to showcase “the next frontier” for an industry dominated by artificial intelligence. Nvidia boss Jensen Huang will make a keynote speech on Monday, the eve of Computex, as the tech sector grapples with the impact of US tariffs and disrupted supply…
Read MoreOfferor 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…
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