Posts by Stephanie Irvin
TSMC January sales growth slows after DeepSeek roils market
TSMC’s outlook is overshadowed by US President Donald Trump’s threats to slap tariffs on semiconductor imports TAIWAN Semiconductor Manufacturing Company’s (TSMC) sales growth decelerated from the December quarter as Nvidia’s main chipmaker grapples with industry-wide questions surrounding artificial intelligence (AI) spending. Revenue in January grew 36 per cent to NT$293.3 billion (S$12 billion), compared to…
Read MoreChina bubble tea maker Guming raises US$232 million in IPO, term sheet shows
CHINESE bubble tea firm Guming has raised US$232 million in a Hong Kong initial public offering (IPO) after setting the price of its shares at the top of an indicated range, according to a term sheet. The pricing was at the top of the HK$8.68 to HK$9.94 per share range flagged to investors when the…
Read MoreGold hovers near all-time highs as Trump’s tariff threats lift safe-haven demand
GOLD prices firmed on Monday (Feb 10), and hovered near a record high hit in the previous session, as investors sought refuge in the safe-haven asset after US President Donald Trump’s decision to impose fresh tariffs sparked concerns of a global trade war. Spot gold was up 0.3 per cent at US$2,868.66 per ounce, as…
Read MoreDBS shares vault past S$46 in intraday trading on strong results, capital return dividend plan
SHARES of DBS rose to a historic level after it announced an additional dividend payout for FY2025 on top of its regular dividends, alongside yet another record full-year net profit. The counter climbed as much as 4.1 per cent or S$1.82 to reach an intraday and all-time high of S$46.50 shortly after market opened on…
Read MoreDBS crosses S$46 for first time to hit new high on strong results and capital return dividend plan
SHARES of DBS rose to a historic level after it announced a capital return dividend of S$0.15 per share per quarter to be paid out over FY2025 alongside its fourth-quarter results, which saw full-year net profit hit a new record of S$11.29 billion. As at 9.02 am, the counter climbed 4.1 per cent or S$1.82…
Read MoreBrookfield to spend 20 billion euros on France’s AI infrastructure
BROOKFIELD Asset Management plans to invest 20 billion euros (S$28 billion) to develop data centres and artificial intelligence (AI) infrastructure in France over the next five years, as the competition to dominate AI intensifies among global powers. The New York-based investment firm has allocated 15 billion euros to data centre investments, which will be led…
Read MoreRinggit outperformance at risk on growing US-China trade tension
THE ringgit’s outperformance over the past year is set to be tested as the growth outlook of Malaysia’s largest trading partner further dims amid a trade war with the US. President Donald Trump’s initial 10 per cent levy on all Chinese goods could jeopardise 0.9 per cent of China’s gross domestic product, according to Bloomberg…
Read MoreDBS posts 11% rise in Q4 profit to S$2.52 billion; full-year earnings hit record S$11.29 billion
The lender proposed a final dividend of S$0.60 Singapore cents per share for the fourth quarter DBS posted net profit for the fourth quarter that was 11 per cent higher compared to the year-ago period, but fell slightly short of expectations. Net profit for the three months ended Dec 31, 2024, was at S$2.52 billion, a…
Read MorePropNex looks to technology to be its economic moat as it strives to stays ahead
This includes a service that enables its agents to send personalised reports each quarter to past customers to update them on information relevant to their properties “THIS year is going to be a good year,” said PropNex executive chairman and chief executive officer Ismail Gafoor, right at the start of his interview with The Business…
Read MoreUS$3,000 milestone in sight for gold
GOLD started the year on a bullish note, breaking above the previous high of US$2,790 per ounce on Jan 30 and notching new highs in the trading sessions thereafter. At the time of writing on Thursday (Feb 6), gold has gained 9 per cent year-to-date. The recent surge in gold price can be attributed to…
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