Posts by Stephanie Irvin
Gold plunges to lowest in over 3 weeks as market sell-off hits bullion
GOLD prices continued to face turmoil on Monday, and hit their lowest levels in more than three weeks, as a wider market sell-off triggered by US President Donald Trump’s tariff measures impacted bullion traders. Spot gold was down 1.9 per cent at US$2,981.09 an ounce, as of 0031 GMT, its lowest level since March 13.…
Read MoreJapan’s Nikkei plunges over 8% as Asia markets continue selloff on Trump tariffs
No respite for Asian markets after massive losses last week after Trump’s tariff announcements [SINGAPORE] The selloff continued as Asian markets tumbled on Monday (Apr 7) morning, following US President Donald Trump’s sweeping tariff announcement last Wednesday (Apr 2). The Straits Times index plummeted by 8.5 per cent, falling below 3,500 with a drop of…
Read MoreSingapore’s STI plunges 8.5%, Japan’s Nikkei drops over 8% as Asian markets sell off sharply
[SINGAPORE] The sell-off continued as Asian markets tumbled on Monday (Apr 7) morning, following US President Donald Trump’s sweeping tariff announcement last Wednesday. The Straits Times Index (STI) plummeted by 8.5 per cent, falling below 3,500 with a drop of more than 325 points. This marked the largest intraday decline since the STI crashed 8.9…
Read MoreStocks to watch: Sembcorp, The Hour Glass, Wee Hur Holdings
[SINGAPORE] The following companies saw new developments that may affect trading of its securities on Monday (Apr 7): Sembcorp Industries: Sembcorp Industries is “well-positioned” to achieve its target of 25 gigawatts (GW) of gross installed renewables capacity by 2028, said the company in its FY2024 annual report released last Tuesday. The company’s gross renewables capacity…
Read MoreBusiness Insurance: Are You Over-Paying?
Running a business comes with many costs, and one of the biggest is often business insurance. Many small business owners find themselves unsure if they are paying too much for their coverage. With so many options and factors affecting premiums, it’s easy to feel overwhelmed. This article breaks down the ins and outs of business…
Read MoreDon’t rush to take advantage of the big sell-off
[SINGAPORE] Investors who chased the S&P 500 higher immediately after US President Donald Trump was elected in November last year might now be wondering what they were thinking. Within a fortnight of his inauguration, Trump announced import tariffs on Canada, Mexico and China. Last week, he imposed tariffs on most of the rest of the…
Read MoreBlackRock CEO Larry Fink gets 14% compensation bump in 2024
Tthe world’s largest asset manager has also been doling out long-term incentive pay to retain its top brass [NEW YORK] BlackRock chief executive officer Larry Fink received US$30.8 million in compensation for 2024, a 14 per cent increase from a year earlier as the world’s largest asset manager expanded further into private investments. President Rob…
Read MoreMusk and OpenAI jury trial to begin in spring next year
The startup is currently raising a funding round of up to US$40 billion led by Japanese tech investment group SoftBank [OAKLAND] Billionaire Elon Musk’s lawsuit against OpenAI will go to a jury trial in spring 2026, the federal judge presiding over the case decided on Friday (Apr 4). Last month, OpenAI and Musk agreed to…
Read MoreWall Street fears job cuts as dealmaking fizzles in trade war
[LONDON] Up and down Wall Street, executives are starting to come to terms with a new reality: Donald Trump is not delivering the long-awaited rebound in mergers and acquisitions (M&A) they hoped he would. Inside JPMorgan Chase, Goldman Sachs and Bank of America, executives are considering revising down internal revenue projections for their advisory businesses…
Read MoreUS: Stock market wipes out over US$5 trillion on Trump’s tariff war
[NEW YORK] US stocks tumbled on Friday (Apr 4), on pace for losses in six of the past seven weeks as strong labour data did little to mitigate anxiety about the impact of a trade war on the domestic economy. The S&P 500 Index sank 2.4 per cent as at 9.31 am in New York,…
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