Posts by Stephanie Irvin
Chinese tea chain Chagee launches US IPO defying stock slump
[NEW YORK] Chagee Holdings, a Chinese bubble tea chain, is seeking to raise US$411 million in an initial public offering (IPO) in the US, despite spiking stock volatility from US President Donald Trump’s tariff measures. The Shanghai-based company is offering 14.68 million American depositary shares for US$26 to US$28 each, according to a filing on…
Read MoreTSMC sales beat estimates as AI demand soars
[TAIPEI] Taiwan Semiconductor Manufacturing Company’s (TSMC) quarterly revenue rose a larger-than-anticipated 42 per cent, reflecting strengthening demand for artificial intelligence (AI) servers and smartphones before US tariffs kicked in. That marked TSMC’s fastest pace of growth since 2022. Electronics manufacturers had stockpiled goods in US warehouses in anticipation of potential trade and shipping disruptions. The…
Read MoreLatest Singapore six-month T-bill cut-off yield retreats to 2.5%
[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) tumbled to 2.5 per cent, the auction results by the Monetary Authority of Singapore on Thursday (Apr 10) showed. This marked a drop from the 2.73 per cent cut-off yield offered in the previous six-month auction that closed on Mar 26. Demand for the…
Read MoreAirbus plans to buy US$2 billion worth of parts from India every year
Indian carriers have a pending order book of about 1,800 aircraft, one of the world’s largest order pipelines [NEW DELHI] Airbus plans to bolster its sourcing from India to US$2 billion a year by 2030 – a jump of almost 43 per cent from the current levels – as it eyes growing sales in the…
Read MoreAirbus plans to buy US$2 billion of parts from India every year
Indian carriers have a pending order book of about 1,800 aircraft, one of the world’s largest order pipelines [NEW DELHI] Airbus plans to bolster its sourcing from India to US$2 billion a year by 2030 – a jump of almost 43 per cent from the current levels – as it eyes growing sales in the…
Read MoreGoogle launches new Ironwood chip to speed AI applications
The new chip brings functions from earlier split designs together and increases the available memory, which makes it better suited for serving AI applications [SAN FRANCISCO] Alphabet’s on Wednesday (Apr 9) unveiled its seventh-generation artificial intelligence (AI) chip named Ironwood, which the company said is designed to speed the performance of AI applications. The Ironwood…
Read MoreST Engineering bags S$1.4 billion contract for Taichung MRT Blue line
[SINGAPORE] ST Engineering announced on Thursday (Apr 10) that its urban solutions business secured a S$1.4 billion contract to provide turnkey rail services for Taiwan’s new Taichung mass rapid transit (MRT) Blue line. This deal was awarded by the Rapid Transit System Bureau of the Taichung City Government. It is part of a broader contract…
Read MoreSingapore’s STI up around 5% as Trump takes a pause on tariffs
[SINGAPORE] Singapore stocks soared in a relief rally after US President Donald Trump announced on Wednesday (Apr 9) a 90-day pause to his steep reciprocal tariffs on his “worst offender” countries, lowering them to 10 per cent during the period. The Straits Times Index (STI) rallied as much as 8.7 per cent shortly after the…
Read MoreStocks to watch: ST Engineering, SGX, SIA, DBS, UOB, Venture Corp
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 10). ST Engineering: The company announced on Thursday that its urban solutions business has secured a S$1.4 billion contract to provide turnkey rail services for the new Taichung mass rapid transit Blue Line. The contracted scope covers a…
Read MoreVirgin Australia targeting June IPO despite tariff turmoil: sources
[SYDNEY] Bain Capital-controlled airline Virgin Australia is pushing ahead with plans for an initial public offering (IPO) in June, despite the market turmoil caused by US President Donald Trump’s trade war, sources familiar with the matter said. Virgin Australia’s new chief executive officer Dave Emerson has already started to brief potential domestic investors and will…
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