Posts by Stephanie Irvin
AI 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,…
Read MoreChina’s CATL set to price shares at HK$263 each in US$4.6 billion Hong Kong listing: sources
[SYDNEY] Chinese battery maker CATL is set to price its shares at HK$263 each and increase the size of the company’s Hong Kong listing, according to two sources with direct knowledge of the matter, raising about US$4.6 billion. It would be the largest listing globally in 2025, according to LSEG data. Prospective investors have been…
Read MoreVenture Corporation’s net profit falls 7% to S$55.9m in Q1 2025
[SINGAPORE] Technology solutions provider Venture Corporation reported a 7 per cent decline in net profit to S$55.9 million in the first quarter of 2025, from S$60.1 million in the year-ago period. Revenue fell 7.5 per cent to S$616.6 million, from S$666.7 million in the corresponding period a year ago. Group revenue declined largely due to…
Read MoreEC World Reit’s Q1 net property income more than halves to S$10.8 million as it looks to sell more assets to repay debt
[SINGAPORE] EC World Real Estate Investment Trust’s (Reit) net property income for the first quarter of 2025 more than halved to S$10.8 million, from S$23.3 million in the same period last year. Revenue was down 49.9 per cent to S$12.7 million from S$25.3 million year on year, the Reit manager said on Wednesday (May 14).…
Read MoreSingapore equities slide on Wednesday; STI declines 0.3%
Across the broader market, gainers beat losers 279 to 229, as 1.1 billion securities worth S$1.3 billion change hands [SINGAPORE] Local stocks finished lower on Wednesday (May 14), as investors took stock of the United States and China trade chatter. The benchmark Straits Times Index (STI) declined 0.3 per cent or 10 points to 3,871.05.…
Read MoreFractional platform RealVantage ties up with ESR to invest US$55 million in South Korean logistics facility
[SINGAPORE] Real estate co-investment platform RealVantage has partnered ESR Group’s South Korean arm, ESR Kendall Square, to invest US$55 million (S$71.3 million) in the development of a last-mile logistics centre in Icheon, South Korea. This is the platform’s maiden entry into the South Korean market, and its largest investment to date, said RealVantage in a…
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