Posts by Stephanie Irvin
Gold eases from record high on profit-taking, eyes eighth weekly gain
GOLD prices eased on Friday (Feb 21) as investors booked profits from the previous session’s record high, but were set for an eighth straight weekly gain, driven by strong safe-haven demand amid concerns over US President Donald Trump’s tariff plans. Spot gold shed 0.1 per cent to US$2,939.63 an ounce as of 2.24 am eastern…
Read MoreWhy Business Professionals Are Turning to Online Education for Continuous Learning
Staying ahead means continuously updating skills and knowledge. Traditional education methods no longer fit the busy schedules of professionals juggling work, family, and personal growth. That’s why more and more business leaders, entrepreneurs, and employees are turning to online education platforms as a flexible, accessible, and cost-effective way to stay competitive. From leadership courses to…
Read MoreSingapore unveils S$5 billion boost for fund managers, other moves to revive equities market
SINGAPORE’S capital markets look set to receive a liquidity boost, following the announcement on Friday (Feb 21) of a S$5 billion investment initiative by a review group led by the Monetary Authority of Singapore (MAS). The new S$5 billion Equity Market Development Programme will channel funds to asset managers with a “strong investment track record”…
Read MoreUOB prices A$2 billion floating rate senior unsecured notes
UOB announced on Friday (Feb 21) that its Sydney branch has priced its A$2 billion (S$1.7 billion) floating rate senior unsecured notes. The notes will be due on Feb 28, 2028, and have a coupon of three-month bank bill swap rate plus 0.65 per cent per annum payable quarterly in arrear. They will be issued…
Read MoreVicom posts 11% higher H2 net profit on robust demand for vehicle testing
VEHICLE Inspection company Vicom posted 11 per cent higher net profit of S$15.2 million for the half-year ended Dec 31, 2024, from S$13.7 million in the year before. This comes as revenue over the same period rose 12.8 per cent year on year to S$63.2 million, from S$56 million. The company’s board has proposed a…
Read MoreAlibaba rockets more than 14% to boost Hong Kong market
SHARES in e-commerce titan Alibaba soared more than 14 per cent on Friday (Feb 21), extending a blistering rally in Hong Kong’s Hang Seng Index, after forecast-topping earnings added to a growing sense of optimism over Chinese tech firms. The Hangzhou-based company operates some of China’s most widely used online shopping platforms, making its performance…
Read MoreAbrdn in talks to launch China asset management venture with Citic unit: sources
ABRDN is in advanced talks with Citic Bank to launch an asset management joint venture in China, two sources with knowledge of the matter said, as the British firm looks to bolster its presence in the world’s second-largest economy. The discussions follow a warming in British-Sino relations and contrast with decisions in recent years by…
Read MoreStanChart reports 18% rise in annual profit, roughly in line with estimates
STANDARD Chartered reported on Friday its annual profit rose 18 per cent, roughly in line with analysts’ estimates, on strong performance of its wealth and markets business. The London-based bank reported pretax profit for 2024 of US$6 billion, up from US$5.1 billion the year before and slightly below the US$6.2 billion average of analysts’ forecasts…
Read MoreRex International falls 19.5% to S$0.173 on heavy trading after profit warning
SHARES of oil exploration and production company Rex International fell on Friday (Feb 21) morning on heavy trading after the company said it was expecting to post a net loss in its upcoming financial results release. As at 11.03 am, the counter had fallen 19.5 per cent or S$0.042 to S$0.173 from its latest closing…
Read MorePBOC injects most short-term funds this month amid cash crunch
The PBOC has been tolerating a surge in repo rates and kept liquidity conditions tight, aiming to support the yuan amid economic headwinds CHINA’S central bank increased injection of short-term funds into the financial system on Friday (Feb 21), in an attempt to ease a cash crunch that has roiled the nation’s bond market. The…
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