Posts by Stephanie Irvin
Commerzbank plans job cuts, new targets to keep UniCredit away: sources
GERMANY’S Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy’s UniCredit, multiple sources with direct knowledge of the plans told Reuters. Four of them said, however, the measures would be more evolutionary than radical, while some conceded that a takeover of the German bank, which…
Read MoreSouth Korea’s Mint halts gold bar sales as supply tightens
SOUTH Korea’s Mint has temporarily suspended sales of gold bars, adding to signs of widespread tightness across markets for physical precious metals. The Korea Minting and Security Printing said it’s facing problems with sourcing supply and managing demand, and that it will try and resume sales as soon as possible, according to a notice on…
Read MoreGold falls as traders hunker down for US inflation print
GOLD eased on Wednesday (Feb 12), after hitting an all-time high in the previous session on global trade war fears triggered by US President Donald Trump’s new tariffs, as the market’s focus shifted to a key US inflation report. Spot gold fell 0.1 per cent at US$2,895.23 per ounce, as at 0033 GMT, after climbing…
Read MorePercentage of Singaporeans trading in SGX dives as they chase quick gains, liquidity elsewhere
KELVIN Tan began investing online in 2018, and like many Singaporeans, put all of his money into local stocks. Two years later, he had switched entirely into US equities. “The US market was going very high – individual stocks were just flying up,” said Tan, a 38-year-old content creator who trades on Interactive Brokers. “I…
Read MoreSingapore retail traders shun stocks at home for buzzy US
KELVIN Tan began investing online in 2018 and, like many Singaporeans, put all of his money into local stocks. Two years later, he had switched entirely into US equities. “The US market was going very high – individual stocks were just flying up,” said the 38-year-old content creator who trades on Interactive Brokers. “I realised…
Read MoreNanofilm acquires 2 German companies for 3.1 million euros
The proposed acquisition aims to accelerate the group’s business expansion in Europe NANOFILM Technologies’ wholly owned subsidiary, Nanofilm AM Germany, is acquiring two German companies for 3.1 million euros (S$4.3 million). The nanotechnology solutions provider said on Wednesday (Feb 12) that it has entered into a sale and purchase agreement on Tuesday with Burkhard Scholz,…
Read MoreStocks to watch: SGX, FEHT, Wing Tai, PropNex, First Reit, QAF
THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 12). Singapore Exchange (SGX): The total securities market turnover value on the SGX increased 1 per cent year on year to S$20.8 billion in January, with the Straits Times Index hitting a 17-year high and exchange-traded funds’ assets…
Read MoreFar East Hospitality Trust posts 4.1% fall in H2 DPS to S$0.0208
THE manager of Far East Hospitality Trust (FEHT) on Wednesday (Feb 12) posted a distribution per stapled security (DPS) of S$0.0208 for the second half ended December, down 4.1 per cent from S$0.0217 in the previous corresponding period. This brings total DPS for FY2024 to S$0.0404, 1.2 per cent lower year on year. The distribution…
Read MoreFebruary Car Market Analysis: Growth, Challenges, and Opportunities
The car market closed in February with remarkable achievements, solidifying its position as a vital component of economic growth and innovation. With a surge in registrations, February marked a strong finish to the year, although challenges in electric vehicle (EV) adoption and certain segments like sports cars remain pressing. Exceptional February Performance February car registrations…
Read MoreGlobal car tariff pain spreads from Asia to the US
AUTO stocks around the world slumped on Monday (Feb 10) after US President Donald Trump’s new tariffs threatened to cut into sales from factories in Mexico and Canada. Shares in Toyota Motor and Nissan Motor dropped in Asia trading, while Volkswagen (VW) and Stellantis led the steepest intraday decline in European auto stocks since April.…
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