Posts by Stephanie Irvin
Gold eases as Trump backs off from threats to fire Fed chair
Published Wed, Apr 23, 2025 · 09:20 AM [BENGALURU] Gold prices declined on Wednesday (Apr 23) after US President Donald Trump backed off threats to fire the Federal Reserve chair and US Treasury Secretary Scott Bessent hinted at easing trade tensions, denting the metal’s safe-haven appeal. Spot gold fell 1.2 per cent to US$3,340.92 an…
Read MoreStocks to watch: CDL, Keppel Reit, Paragon Reit, BRC Asia
[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Wednesday (Apr 23). City Developments Limited (CDL): The developer’s wholly owned subsidiary has increased its offer to buy the shares of Millennium & Copthorne Hotels New Zealand (MCK) that it does not already own to NZ$2.80 apiece. In a letter…
Read MoreTesla says profits plunge 71%, warns of ‘changing political sentiment’
[NEW YORK] Tesla reported a 71 per cent drop in first-quarter profits on Tuesday (Apr 22) in results that lagged analyst estimates as Elon Musk’s automaker warned of a hit to demand due to “changing political sentiment”. The electric vehicle (EV) producer reported profits of US$409 million following a drop in auto sales that analysts…
Read MoreOil prices settle up nearly 2% on new Iran sanctions, equities rally
[NEW YORK] Oil prices settled more than US$1 per barrel higher on Tuesday (Apr 22) as new US sanctions against Iran and rising equity markets helped spark a recovery rally from the prior session’s steep sell-off. Brent crude futures rose US$1.18, or 1.8 per cent, to settle at US$67.44 per barrel. The US West Texas…
Read MoreHow Visual Learning Can Help GMAT Takers
A GMAT expert explains why visual learning is the ultimate study hack—and how a new OnDemand course helps high achievers master hard things on their own terms. By Scott Woodbury-Stewart, CEO & Founder, Target Test Prep For busy professionals considering taking the GMAT, test prep may feel like an impossible ask. You’re working long hours,…
Read MoreBoeing to sell Jeppesen unit to Thoma Bravo for US$10.55 billion
[WASHINGTON] Boeing said on Tuesday (Apr 22) it would sell portions of its Digital Aviation Solutions business, including navigation unit Jeppesen, to private equity firm Thoma Bravo for US$10.55 billion. The US planemaker will retain the core digital capabilities from the business that harness aircraft and fleet-specific data to provide commercial and defence customers with…
Read MoreDollar close to multi-year lows vs euro, Swiss franc as Trump attacks the Fed
[LONDON] The dollar dropped against the yen and hovered around multi-year lows versus the euro and the Swiss franc on Tuesday (Apr 22) as President Donald Trump’s attacks on the Federal Reserve raised concerns about the central bank’s independence. Analysts said the dollar was left in an especially fragile state amid market concerns over the…
Read MoreRoche to invest US$50 billion in US to avoid Trump tariffs, create 12,000 jobs
[ZURICH] Roche said on Tuesday (Apr 22) it would invest US$50 billion in the United States over the next five years, creating more than 12,000 new jobs, in the latest massive investment by companies reacting to President Donald Trump’s tariff policy. The announcement comes as drugmakers unveil investments to deal with tariffs from the Trump…
Read MoreCDL unit raises offer for M&C New Zealand to NZ$2.80 a share
The higher offer reflects 60% premium to 1-month volume weighted average share price of NZ$1.75 [SINGAPORE] City Development Limited’s (CDL) wholly owned subsidiary has increased its offer to buy the shares of Millennium & Copthorne Hotels New Zealand (MCK) that it does not already own to NZ$2.80 apiece. In a letter to MCK shareholders on…
Read MoreSingapore stocks continue to rally on Tuesday; STI up 1%
[SINGAPORE] Singapore stocks ended higher on Tuesday (Apr 22), even as other Asian markets delivered a mixed performance amid trade uncertainty. The benchmark Straits Times Index (STI) rose 1 per cent or 36.2 points to 3,795.41. Across the broader market, gainers outnumbered decliners 359 to 187, after 1.4 billion securities worth S$1.5 billion changed hands.…
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