Posts by Stephanie Irvin
US office, China-exposed S-Reits feature among top losers in continued sell-off on Trump tariffs
[SINGAPORE] Singapore-listed real estate investment trusts, or S-Reits, slumped on Wednesday (Apr 9) afternoon, with almost all counters in the red. Among the biggest losers were industrial S-Reits. Mapletree Logistics Trust was the biggest loser among all S-Reits, shedding close to 10 per cent as at 1.30 pm on Wednesday. Other industrial S-Reits that fell…
Read MoreTrump tariffs: US office, China-exposed S-Reits among top losers in continued sell-off
[SINGAPORE] Almost all Singapore-listed real estate investment trusts, or S-Reits, ended in the red on Wednesday (Apr 9), with US office and China-exposed S-Reits among the top losers. The share movement comes after US tariffs, which includes a 104 per cent tax on many Chinese goods, took effect at 12.01 am US time on Wednesday.…
Read MoreBusiness Accounting Reports That Matter
When running a business, keeping track of your finances is key. Accounting reports are the health check of your company’s financial well-beingThey help you see where you stand, what’s working, and what needs attention. In this article, we’ll explore the important accounting reports every business should be familiar with and why they matter. From guiding…
Read MoreAsia: Equities resume selloff as Trump cranks up trade war
[HONG KONG] Equities and oil plunged again on Wednesday after Donald Trump ramped up his trade war by hitting China with tariffs of more than 100 per cent as sweeping measures against the United States’ dozens of partners are set to come into effect. After a brief respite Tuesday from the panic-selling at the start…
Read MoreChina drives record gold ETF inflows as trade war deepens
[NEW YORK] Chinese investors funnelled a record amount of cash into gold-backed exchange-traded funds (ETFs) last week, drawn by the safety of the asset as combative trade war rhetoric from the world’s biggest economies shakes global markets. Inflows to four major onshore gold ETFs, including Huaan Yifu Gold ETF, hit a record of 7.6 billion…
Read MoreHedge funds move into Asia power market with new hires
[SINGAPORE/TOKYO] Hedge funds have joined the hunt for power-trading talent in Asia, as they push into the region’s increasingly active and volatile electricity markets with the aim of offsetting declining profits from mainstay commodities. Over recent years, the Covid-19 pandemic, then Russia’s invasion of Ukraine and the crisis that followed created major disruptions in energy…
Read MoreTrump signs order to ‘turbocharge’ coal mining in United States
[WASHINGTON] US President Donald Trump on Tuesday signed executive orders to “turbocharge coal mining” in the country, seeking to “more than double” electricity production to keep up with power-hungry artificial intelligence technology. The executive orders, which Trump signed surrounded by miners in hard hats, will lift regulatory barriers to coal extraction and suspend the planned…
Read MoreApple exported 1.5 trillion rupees in iPhones from India last year, minister says
The diversification drive has coincided with Prime Minister Narendra Modi’s ambition to turn the country into a manufacturing hub [NEW DELHI] Apple exported more than 1.5 trillion rupees (S$23.6 billion) in iPhones from India in the last fiscal year, the nation’s technology minister said on Tuesday (Apr 8), underscoring the company’s efforts to diversify away…
Read MoreExxon faces no shareholder proposals for first time in 25 years
It received only one proposal this year and the SEC agreed it should be discarded because “it tried to micromanage the company” [NEW YORK] ExxonMobil is facing no shareholder proposals this proxy season for the first time in at least 25 years. The absence of requests follows a year after the oil company sued two…
Read MoreUOB to inject fresh capital of 2 trillion dong into Vietnam unit, build new headquarters in Ho Chi Minh City
[SINGAPORE] United Overseas Bank (UOB) said on Tuesday (Apr 8) that it will inject additional fresh capital of two trillion dong (S$104 million) into its Vietnam subsidiary, bringing its total charter capital of the unit to 10 trillion dong. Since 2021, UOB has made three capital injections into UOB Vietnam. Its total charter capital of…
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