Posts by Stephanie Irvin
Citigroup to partner with Swiss bourse in private markets push
Published Tue, May 6, 2025 · 07:19 PM [ZURICH] Citigroup is partnering with Switzerland’s stock exchange SIX Group as part of a push by the Wall Street lender to make it easier for investors to settle and store their private markets holdings. The New York-based bank will use a platform operated by SDX, a…
Read MoreSingapore stocks end higher on Tuesday ahead of FOMC meeting; STI up 0.2%
Singtel is the top gainer on the Straits Times Index while Yangzijiang Shipbuilding, which is trading ex-dividend, falls the most [SINGAPORE] Stocks on the local bourse ended higher on Tuesday (May 6), ahead of the next US central bank meeting where policymakers are expected to keep interest rates on hold. The benchmark Straits Times Index…
Read MoreWhy a US-listed video game firm is paying a premium for a Singapore-based tech products distributor
[SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution network. Even after Ban Leong Technologies listed on the mainboard of the Singapore Exchange in June 2005, it remained largely under the radar to both consumers and…
Read MoreWhy a US-listed video game firm is paying a premium to take Ban Leong private
[SINGAPORE] For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and smart technology – steadily built up its distribution network. Even after Ban Leong Technologies listed on the mainboard of the Singapore Exchange in June 2005, it remained largely under the radar to both consumers and…
Read MoreMaybank lowers target price of CSE Global to S$0.58 but remains ‘top pick’
[SINGAPORE] Maybank securities analyst Jarick Seet cut his target price for systems integrator CSE Global to S$0.58 from S$0.67 in the light of fierce tariffs by US President Donald Trump. However, he kept his “buy” rating on the company, citing the impact from Trump tariffs to be “minimal”, considering how CSE Global has production facilities…
Read MoreWall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
[HONG KONG] One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s planned Hong Kong initial public offering (IPO), which sources familiar say could raise about US$1.5 billion, is being led by an all-Chinese bank roster after others decided not to participate. JPMorgan Chase…
Read MoreAccounts Payable: Pay Now or Pay Later?
Managing accounts payable (AP) is a vital part of running a business. It involves tracking what a company owes its suppliers for goods and services received on credit. Understanding how to handle AP effectively can help businesses maintain a healthy cash flow, build strong vendor relationships, and avoid financial pitfalls. In this article, we’ll explore…
Read MoreUS lawmaker targets Nvidia chip smuggling to China with new bill
[SAN FRANCISCO] A US lawmaker plans to introduce legislation in the coming weeks to verify the location of artificial intelligence (AI) chips like those made by Nvidia after they are sold. The effort to keep tabs on the chips, which drew bipartisan support from US lawmakers, aims to address reports of widespread smuggling of Nvidia’s…
Read MoreAsia: Dollar recovers some losses, stocks gain as traders eye tariff deals
[HONG KONG] The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump’s sweeping tariffs, while equities mostly rose as investors await the Federal Reserve’s latest policy decision. Oil also staged a comeback after tanking on news of an output hike by key producers that came despite growing concerns…
Read MorePalantir sales forecast falls short of Wall Street’s hopes
[SAN FRANCISCO] Palantir Technologies dropped more than 8 per cent in late trading on Monday (May 5) after its results failed to live up to investors’ loftiest expectations for a company whose stock has led the S&P 500 in gains this year. The company described the rising demand for artificial intelligence (AI) software as a…
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