Posts by Stephanie Irvin
Vin’s Holdings closes 16.6% above IPO price in SGX’s first listing of 2025
[SINGAPORE] Automotive group Vin’s Holdings (VH) climbed on its listing debut on Tuesday (Apr 15), in the first initial public offering (IPO) on the Singapore Exchange (SGX) this year. VH began trading at 9am on Tuesday, opening at S$0.315, with the stock code VIN. It closed at S$0.35, about 16.6 per cent above its IPO…
Read MoreChina suppliers mock tariffs with Nike, Lululemon deals on TikTok
[NEW YORK] TikTok users in the US are being inundated with videos from Chinese influencers encouraging American buyers to overcome punitive Trump tariffs by buying direct from the “world’s factory” – China. Mostly filmed at Chinese factories purporting to supply top US brands from Lululemon Athletica to Nike, the influencers aim to “expose” how the…
Read MoreEurope: Shares rise as Trump eases tariffs on electronics from China
[BENGALURU] European shares closed higher in broad-based gains on Monday (Apr 14), as risk sentiment swelled after US President Donald Trump granted tariff exclusions on smartphones and computers imported from China, bringing some respite after weeks of turmoil. The pan-European Stoxx 600 ended 2.7 per cent higher after registering its third consecutive week in the…
Read MoreDelaware Business: Why Companies Love This Tiny State
Delaware might be small, but it’s a giant when it comes to business. This tiny state has become a go-to spot for companies looking to incorporate. With its friendly laws, unique court system, and tax advantages, it’s no wonder that so many businesses, including a large chunk of the Fortune 500, have chosen to call…
Read MoreOpec cuts 2025 oil demand forecast over US tariffs
It expects demand to grow by 1.3 million barrels per day (bpd) in 2025, down from a previous forecast of 1.4 million bpd [RIYADH] Opec slightly lowered its forecast for oil demand growth on Monday (Apr 14), citing the impact of US tariffs on the world economy. The Saudi-led oil cartel said in a monthly…
Read MoreBruised dollar languishes near three-year lows on tariff anxiety
[SINGAPORE] The dollar drifted lower on Monday (Apr 14), while the Japanese yen and the euro progressed higher as investor confidence in the world’s reserve currency remained in question following a stream of tariff-related pronouncements from US President Donald Trump. Investors braced for another volatile week as Trump’s imposition and then abrupt postponement of tariffs…
Read MoreTemasek-backed ABC Impact finishes final close of second fund with more than US$600 million
[SINGAPORE] Asia-focused private equity firm ABC Impact completed the final closing of its second fund, which is backed by Temasek, at more than US$600 million or around double the size of its first fund. The ABC Impact Fund II received support from investors including Temasek Trust, the Asian Development Bank (ADB), Mapletree Investments, SeaTown Holdings,…
Read MoreUpgrading Paragon as part of a listed Reit
[SINGAPORE] As the local bourse waits for potential new real estate investment trust (Reit) listings to materialise, Paragon Reit, which went public in July 2013, might be delisted soon. The fate of Times Properties’ proposed privatisation of Paragon Reit via a trust scheme of arrangement lies solely with minority investors who meet in an extraordinary…
Read MoreBank of Japan’s Ueda warns of heightened uncertainty from US tariff policy
[TOKYO] ) Bank of Japan Governor Kazuo Ueda said on Monday global and domestic economic uncertainty has increased sharply due to US tariff policy. “US tariffs will likely put downward pressure on global and Japanese economies through various channels,” Ueda told parliament. “The BOJ will guide monetary policy appropriately from the standpoint of sustainably achieving…
Read MoreBuyout firms get creative on Gulf trips in bid for bigger checks
[ABU DHABI] The giants of private equity have spent years trying to cozy up to Middle Eastern wealth funds to secure massive checks. US President Donald Trump’s burgeoning trade war just made those efforts even more critical – and asset managers have been forced to get creative. Carlyle Group, for instance, is sending more than…
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