Posts by Stephanie Irvin
Hong Kong bourse operator to shift headquarters in US$812 million deal
Published Thu, Apr 24, 2025 · 07:56 PM [HONG KONG] Hong Kong’s bourse operator will shift its headquarters, it said on Thursday (Apr 24) and will take over the top nine floors of a building in a complex owned by developer Hongkong Land for HK$6.3 billion (S$1.06 billion). Hong Kong Exchanges and Clearing’s (HKEX) new…
Read MoreSuntec Reit posts 3.4% rise in Q1 DPU to S$0.01563
[SINGAPORE] Suntec Real Estate Investment Trust’s (Reit) distribution per unit (DPU) rose by 3.4 per cent to 1.563 Singapore cents for its first quarter ended Mar 31, 2025, from 1.511 cents in the same period a year earlier. Revenue was up 3.4 per cent at S$113.5 million for the quarter, from S$109.8 million in the…
Read MoreSingapore stocks end flat on Thursday; markets across Asia end mixed
[SINGAPORE] Local stocks ended Thursday (Apr 24) muted, following a mixed performance in other Asian markets after China signalled its openness to trade talks and US President Donald Trump suggested potential tariff cuts on Beijing. The benchmark Straits Times Index (STI) closed almost flat, down 0.4 points at 3,831.92. Across the broader market, decliners outnumbered…
Read MoreHuawei raises record 20 billion yuan in Chinese debt issuance spree
[BEIJING] The parent of Huawei Technologies is tapping low borrowing costs in China’s credit market to raise a record amount of debt, as trade tensions with the US spur a shift towards local financing. Huawei Investment & Holding has raised 20 billion yuan (S$3.4 billion) via ultra-short-term commercial paper issuance since late March, its biggest…
Read MoreCars didn’t arrive after months – so Singapore dealer for China EV brand Neta closed: sources
[SINGAPORE] The abrupt closure of Evology Automobile – the dealer/distributor for China automotive brand Neta – earlier this month happened because expected vehicle stock was not delivered, The Business Times learnt. Industry sources indicated that Evology management decided not to continue operations when its initial shipment of Neta cars had yet to materialise after months…
Read MoreNokia posts quarterly profit miss, flags disruption from Trump’s tariffs
Comparable operating profit fell to 156 million euros (S$232.7 million) in the first quarter of 2025 Published Thu, Apr 24, 2025 · 02:49 PM [HELSINKI] Nokia reported first-quarter profit well below market expectations on Thursday (Apr 24) and flagged a short-term disruption from US tariffs with an estimated impact of between 20 million and 30…
Read MoreLatest Singapore six-month T-bill cut-off yield falls to 2.38%
Demand shrinks with the auction receiving S$16.6 billion in applications for the S$7.4 billion on offer [SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.38 per cent, the auction results by the Monetary Authority of Singapore on Thursday (Apr 24) showed. This marked a decline from the 2.5 per cent…
Read MoreAsia: Markets mostly up as Trump soothes Fed fears
[TOKYO] Asian markets were mixed on Thursday (Apr 24) after US President Donald Trump said he had “no intention” of firing the US central bank head and made conciliatory comments on his trade war with China. Trump’s attacks on the Federal Reserve for not cutting interest rates had raised fears that he would fire its…
Read MoreLas Vegas Sands drops out of contest to develop New York City area casino
Applications are due in June, with a final decision expected by December, according to the New York State Gaming Facility Location Board Published Thu, Apr 24, 2025 · 10:50 AM [LOS ANGELES] Las Vegas Sands is dropping efforts to develop a New York casino, partly over concerns that online betting in the state would crimp…
Read MoreTrump considers reducing Chinese car part tariffs: FT
Published Thu, Apr 24, 2025 · 09:53 AM [NEW YORK] The Trump administration is considering reducing tariffs on auto parts ahead of a May 3 deadline that has drawn the ire of global carmakers, according to the Financial Times (FT). The proposal would exempt car parts from tariffs US President Donald Trump has levied on…
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