Posts by Stephanie Irvin
Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million
Drew & Napier is leading action by investors who saw their investments wiped out when CS AT1 bonds were written down as part of takeover by UBS MORE than 500 investors have started their claims process against Switzerland for its forced write-down of Credit Suisse’s Additional Tier 1 (AT1) bonds in March 2023, said Singapore…
Read MoreSouth Korea’s top listing in years flops in debut as IPO fever cools
SOUTH Korea’s biggest new listing in more than two years got off to weak start as LG CNS fell on its Seoul trading debut after a 1.2 trillion won (S$934 million) initial public offering. Shares of the diversified technology-services unit of LG Group sank as much as 11.3 per cent on the main Kospi market…
Read MoreKuok Maritime-led group launches electric supply boat as industry prepares for 2030 green target
[BATAM] An alliance of companies led by Kuok Maritime Group (KMG) on Wednesday (Feb 5) launched an electric supply boat and started construction on an electric tug – both among the first and largest electric harbour craft designed to operate in local waters. Their unveiling comes as Singapore aims for all-new harbour craft to be…
Read MoreSingapore investors lead Asean peers with 22% surge in purchase of gold bars, coins in 2024
SINGAPORE investors did not shy away from physical gold despite its soaring prices in 2024, leading the demand growth in Asean region with 6.5 tonnes of gold bars and coins purchased. This is up 22 per cent from 5.3 tonnes in 2023, according to World Gold Council’s (WGC) gold demand report released on Wednesday (Feb…
Read MorePanama considers cancelling port deal with Hong Kong firm
PANAMA is weighing whether to cancel its contract with the Hong Kong-based company that operates ports near the Panama Canal, according to sources with knowledge of the situation, a potential concession to defuse President Donald Trump’s threats about countering China’s influence around the key waterway. The government of President Jose Raul Mulino is weighing the…
Read MoreNissan is likely to reject Honda offer in blow to tie-up plan
The talks to create the world’s third-largest carmaker have gone haltingly since the plans were first announced in December NISSAN Motor is prepared to reject an acquisition offer that would make it a subsidiary of Honda Motor, according to a source familiar with the matter, a move that could jeopardise talks between the two carmakers…
Read MoreStocks to watch: CICT, FLCT, Sabana Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 5). CapitaLand Integrated Commercial Trust: Its manager on Wednesday posted a distribution per unit of S$0.0545 for the second half ended December, unchanged from the previous corresponding period. This came amid an enlarged unit base due to the distribution…
Read MoreGreen Business Ideas That Actually Make Money
Thinking about going green with your business? You’re not alone. More and more entrepreneurs are looking to make a positive impact on the environment while also turning a profit. Whether you’re passionate about eco-friendly beauty or sustainable fashion, there’s a green business idea out there for you. Here are some ideas that not only help…
Read MoreGoogle shares slide on spending plans despite sales jump
TECH giant Alphabet, Google’s parent company, reported robust fourth-quarter results on Tuesday, with revenues jumping 12 per cent to US$96.5 billion, but analysts saw reason for concern in costs associated with artificial intelligence. The company’s share price sank as much as 7.5 per cent in after-hours trading as investors were disappointed by lower-than-expected revenue growth…
Read MoreBarbie parent Mattel forecasts annual profit above estimates after steady holiday demand
TOYMAKER Mattel on Tuesday forecast full-year profit above Wall Street expectations after beating holiday quarter estimates, owing to stable demand for its action figures and Hot Wheels vehicles, sending its shares up nearly 8 per cent after the bell. The company expects 2025 adjusted profit per share in the range of US$1.66 to US$1.72, above analysts’…
Read More