Posts by Stephanie Irvin
Dollar 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.…
Read MoreMeta appoints new Singapore country director Nicole Tan
She will spearhead digital innovation and AI opportunities for businesses in the country [SINGAPORE] Meta has appointed Nicole Tan as its new country director for Singapore, with effect from Jun 2, 2025, the company said on Tuesday (Apr 22). Tan has more than 25 years of experience in the industry. She will focus on accelerating…
Read MoreJPMorgan to expand San Francisco office in boost to downtown
[SAN JOSE] JPMorgan Chase is expanding its San Francisco office and committing its marquee healthcare conference to the city for another year, offering a boost to Mayor Daniel Lurie’s effort to revitalise the downtown. The bank plans to increase the leased space at its main San Francisco office by roughly 30 per cent to 280,000…
Read MoreESR-Reit Q1 NPI up 31.3% at S$82.5 million on acquisitions, asset enhancements
[SINGAPORE] The manager of ESR-Reit on Tuesday (Apr 22) posted a 31.3 per cent rise in net property income (NPI) for the first quarter to S$82.5 million from S$62.9 million in the previous corresponding period. Its Q1 revenue climbed 24.2 per cent to S$110.5 million from S$89 million previously. The growth in NPI and revenue…
Read MoreStocks to watch: FCT, Parkway Life Reit, KIT, ESR Reit, Nanofilm, Paragon Reit
[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Tuesday (Apr 22). Frasers Centrepoint Trust (FCT): The trust’s manager on Monday said that its preferential offering was 24.8 per cent oversubscribed. The manager received applications for 122,584,803 preferential offering units, against the 98,185,673 units offered. The offering was launched…
Read MoreUnilever threatens to pull funding from the Ben & Jerry’s Foundation: sources
Published Tue, Apr 22, 2025 · 07:32 AM [NEW YORK] Unilever is threatening to halt funding to the Ben & Jerry’s Foundation, a US-based non-profit that makes donations to social justice organisations, sources familiar with the matter said. Unilever is asking Ben & Jerry’s Foundation to agree to an expedited audit of its donations to…
Read MoreOil falls over 2% on signs of progress in US-Iran talks, demand fears
[NEW YORK] Oil prices fell more than 2 per cent on Monday (Apr 21) on signs of progress in talks between the US and Iran, while investors remained concerned about economic headwinds from tariffs that could curb demand for fuel. Brent crude futures were down US$1.70, or 2.5 per cent, at US$66.26 a barrel, after…
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