Posts by Stephanie Irvin
Trump tariff worries set gold on course for eighth straight weekly gain
GOLD prices were little changed on Friday (Feb 21) but remained on track for an eighth successive weekly gain, driven by concerns over US President Donald Trump’s tariff plans, which could spark trade wars and stoke inflation. Spot gold was up 0.1 per cent to US$2,941.25 an ounce, as at 0018 GMT. Bullion rose about…
Read MoreMeta reduces stock options for staff despite trading at record highs: FT
META Platforms has cut back on its yearly distribution of stock options by about 10 per cent for tens of thousands of employees despite the social media giant trading at record highs this month, the Financial Times reported on Thursday. Employees receive equity refreshers every year that make up the majority of their remuneration, alongside…
Read MoreSingapore Oil Hub Opportunities Amid US Tariff Uncertainty
The city-state may be able to leverage its robust infrastructure and strategic location to help companies adjust WITH US tariffs shaking up global trade, Singapore could profit by leveraging its position as Asia’s oil trading hub, turning price fluctuations into opportunities and helping companies navigate the turbulence, while securing supply advantages and optimising strategies, say…
Read MorePayments firm Block’s profit misses estimate on underwhelming holiday spending
BLOCK’S fourth-quarter profit fell short of estimates as spending growth during the holiday season and gains from a post-election surge in bitcoin lagged expectations, sending the payment firm’s shares down 7 per cent after market close on Thursday. While a robust labour market and steady wage growth have supported consumer spending – bolstered further by…
Read MoreFar East Hospitality Trust expands mandate to global investments, adjacent lodging asset classes
FAR East Hospitality Trust (FEHT) will have an expanded mandate to invest in new geographical markets and asset classes, effective 30 days from Thursday (Feb 20). The managers of the stapled security group – which comprises Far East Hospitality Real Estate Investment Trust and Far East Hospitality Business Trust – said they would broaden the…
Read MoreAlibaba revenue beats estimates as signs of a comeback mount
ALIBABA Group Holding posted its fastest pace of revenue growth in more than a year, reflecting a turnaround in its commerce business and big strides into the critical field of AI. It reported an 8 per cent rise in sales to 280.2 billion yuan (S$51.7 billion) in the December quarter, versus an average projection for…
Read MoreGenting Singapore posts 34% fall in H2 net profit to S$222 million
GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in the corresponding year-ago period. The decline comes as half-year revenue slid 12 per cent year on year to S$1.2 billion, from S$1.3 billion. In its bourse filing on Thursday…
Read MoreSingapore shares decline amid hawkish Fed minutes; STI loses 0.2%
SINGAPORE equities ended Thursday (Feb 20) lower, as markets reacted to the US Federal Reserve’s January meeting minutes. The local bourse’s blue-chip barometer, the Straits Times Index (STI), slid 0.2 per cent or 6.53 points to 3,927.51. Across the broader market, losers beat gainers 320 to 205, with 1.5 billion securities worth S$1.4 billion changing…
Read MoreSingapore shares decline amid hawkish Fed minutes; STI down 0.2%
Across the broader market, losers beat gainers 320 to 205, after 1.5 billion securities worth S$1.4 billion change hands SINGAPORE stocks ended Thursday (Feb 20) lower, as markets reacted to the Federal Reserve’s January meeting minutes. The benchmark Straits Times Index (STI) fell 0.2 per cent or 6.53 points to 3,927.51. Across the broader market,…
Read MoreJapan’s Suzuki aims to boost sales by a third by 2030, invest heavily in India
JAPANESE small car maker Suzuki Motor said it will target 4.2 million vehicles in global sales in five years’ time – an increase of nearly a third – with most of its expansion concentrated in its main market of India. It expects 60 per cent of those sales to be in India, adding that the…
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