Posts by Stephanie Irvin
Oil tanker rates spike as US push into Venezuela redraws flows
The global oil industry is working through the consequences of Washington’s move earlier this month [HONG KONG] The shipping market is being shaken up by Washington’s intervention in Venezuela, as the prospect of more oil being exported to the US boosts regional tanker rates to their highest level in almost two years. After US forces…
Read MoreKKR Asia credit fund draws 75% new investors as decoupling rises
The optimism around Asian private credit runs counter to a broader global pullback [HONG KONG] KKR raised three-quarters of its US$2.5 billion Asia private credit fund from new investors, as deepening economic decoupling pushes firms to broaden exposure and hedge geopolitical risk, according to top executives. Diversification has been a central theme in conversations with…
Read MoreAlibaba and JPMorgan are said to invest in chip designer Montage’s HK listing
[HONG KONG] Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according to people familiar with the matter, in a sign of promising demand for the Asian financial hub’s latest share sale related to artificial intelligence. Alibaba and…
Read MoreCatalist-listed MoneyMax proposes transfer to SGX mainboard
[SINGAPORE] Pawnbroker MoneyMax Financial Services is looking to transfer its listing to the mainboard of the Singapore Exchange (SGX), from its current listing on the Catalist board. A listing on the mainboard would enhance the long-term value for its shareholders, the company said in a bourse filing on Wednesday (Jan 14). The company said it…
Read MoreAdvanced Systems Automation makes pre-conditional offer for Asti shares
If the deal materialises, the offeror intends to amalgamate the semiconductor businesses of both companies [SINGAPORE] Advanced Systems Automation intends to make a voluntary conditional offer for all the shares of Asti, it said in a bourse filing on Wednesday (Jan 14). The offer will be made only if pre-conditions have been satisfied or waived…
Read MoreMaybank initiates ‘buy’ coverage on Soon Hock with S$0.75 target
[SINGAPORE] Maybank Research has initiated coverage on industrial real estate specialist Soon Hock Enterprise with a target price of S$0.75, citing strong visible earnings from its development pipeline and a strengthening manufacturing sector. The target price represents a potential upside of about 20 per cent from the counter’s closing price of S$0.63 on Tuesday (Jan…
Read MoreStocks to watch: Keppel Reit, Olam Group, F&N, Centurion, Cordlife
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 14): Keppel Real Estate Investment Trust (Reit) : The trust on Tuesday said that it has received valid acceptances of 76.9 per cent at the close of its preferential offering announced on Dec 11, 2025. It received valid…
Read MoreS&P 500, Dow open near record highs after mixed earnings, inflation data
[NEW YORK] The S&P 500 and the Dow opened near record highs on Tuesday (Jan 13) after a largely in-line inflation report sustained expectations of rate cuts this year, while investors weighed mixed quarterly results from JPMorgan and Delta Air Lines. The Dow Jones Industrial Average rose 26.8 points at the open to 49,616.95. The…
Read MoreJPMorgan profit falls on one-time Apple card deal charge
Profit fell to US$13 billion, or US$4.63 per share, in the three months ended December 31 [NEW YORK] JPMorgan Chase’s profit fell in the fourth quarter as it took a one-time charge tied to its agreement with Goldman Sachs to take over a credit card partnership with Apple. Profit fell to US$13 billion, or US$4.63…
Read MoreJPMorgan profit falls on one-time Apple card deal charge
Profit fell to US$13 billion, or US$4.63 per share, in the three months ended December 31 [NEW YORK] JPMorgan Chase’s profit fell in the fourth quarter as it took a one-time charge tied to its agreement with Goldman Sachs to take over a credit card partnership with Apple. Profit fell to US$13 billion, or US$4.63…
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