Posts by Stephanie Irvin
PSA weighs selling 20% stake in CK Hutchison’s ports business: sources
Published Wed, Apr 23, 2025 · 04:23 PM [SINGAPORE] PSA International is exploring the sale of its 20 per cent stake in CK Hutchison’s ports business, two people with knowledge of the matter said, joining the Hong Kong conglomerate in its controversial plans to sell. Tycoon Li Ka-shing’s CK Hutchison announced last month it would…
Read MoreChinese buyout firm is said to consider sale of chip tester UTAC
Considerations are at an early stage and Wise Road may decide not to proceed with a sale of the Singaporean company it acquired from a group of shareholders including Affinity Equity Partners and TPG in 2020 Published Wed, Apr 23, 2025 · 12:18 PM [HONG KONG] Wise Road Capital is considering selling semiconductor assembly and…
Read MoreAsia: Markets rally as Trump comments ease Fed, China trade fears
[HONG KONG] Asian stocks rallied with Wall Street on Wednesday (Apr 23) after Donald Trump said he had “no intention” of firing the head of the Federal Reserve and that eye-watering tariffs on China would be slashed drastically. Global markets, already upended by a trade war, were battered further at the start of the week…
Read MoreIntel to announce plans this week to cut over 20% of staff
[TAIPEI/SAN FRANCISCO] Intel is poised to announce plans this week to cut more than 20 per cent of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a source with knowledge of the matter. The move is part of a bid to streamline management and rebuild an engineering-driven culture, according to the…
Read MoreGold 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…
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