Posts by Stephanie Irvin
Citadel gives rare glimpse of US$57 billion gains from its largest funds
CITADEL offered a rare glimpse under the hood of its multistrategy funds during a lucrative period for the most profitable hedge fund firm ever. The firm’s US$1 billion bond offering this week required Ken Griffin’s secretive hedge fund to produce a prospectus for investors, a copy of which was obtained by Bloomberg. While it does…
Read MoreSolo or LLC? The Choice That Could Save Your House
When you’re starting a business, one of the first big decisions you’ll face is choosing the right business structure. It’s not just paperwork; it’s about protecting your personal assets, like your house, and shaping the future of your business. Whether you go solo as a sole proprietor or form an LLC, each path has its…
Read MoreSingapore-based Interra Resources denies allegations that it’s ‘fuelling war crimes’ in Myanmar by supplying oil
OIL and gas exploration and production company Interra Resources on Thursday (Feb 6) denied a report that alleged it is supplying the Myanmar junta with more than two million barrels of oil since the military’s “illegal coup attempt”. It refuted a few allegations that were made, from denying that it signed contracts with the junta,…
Read MoreYouTube is buying TikTok ads to lure creators before US ban
YOUTUBE is running ads on TikTok targeting the app’s content creators, an effort to lure these valuable users to the Google-owned rival and capitalise on TikTok’s uncertain future. “I never thought in my life I would be a YouTuber; it was literally my dream in high school, and now I’m getting gifted from them!” a…
Read MoreThese property sectors in Singapore could take a hit from the JS-SEZ, analysts say
WHILE some industries in Singapore, such as banks and gaming, are poised to benefit from the Johor-Singapore Special Economic Zone (JS-SEZ), this may not be the case for some industries. Fears that the SEZ may hurt certain industries in Singapore were raised in Parliament this week, with Member of Parliament Saktiandi Supaat flagging that the…
Read MoreF&N Q1 profit up 18.8% at S$52 million
BEVERAGE maker F&N reported a net profit of S$52 million for the first quarter ended Dec 31, an 18.8 per cent increase from S$43.8 million in the same period a year ago. Revenue went up by 16.3 per cent to S$618 million from S$531.6 million, the company said in a business update on Friday (Feb…
Read MoreL’Oreal sales miss estimates as China demand remains weak
L’OREAL’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in China. Sales overall rose 2.5 per cent on a comparable basis in the period, the cosmetics company said. Analysts had expected a 3.8 per cent gain. Revenue in North America only grew 1.4…
Read MoreCathay Cineplex has paid back S$12 million owed to landlords; remaining S$2.7 million is a quarter of total sum
mm2 Asia says slower-than-expected recovery of the cinema industry hit the cinema chain’s ability to pay its arrears on a timely basis THE S$2.7 million in rental arrears by Cathay Cineplex to the landlords of its two cinemas represents a quarter of the total payment it owed between Apr 1, 2020, and Jan 31, 2025.…
Read MoreUS: Wall St opens higher after big corporate results
Wall Street’s main indexes opened slightly higher on Thursday (Feb 6), as investors evaluated earnings from companies including Honeywell and markets awaited US President Donald Trump’s next move on trade restrictions and other federal policies. The Dow Jones Industrial Average rose 75.9 points, or 0.17 per cent, at the open to 44,949.19. The S&P 500…
Read MoreShein, Temu retailers slapped with 30% levy on US bound goods
Chinese retailers that sell on Shein and PDD Holdings’ Temu platform say they have been asked by logistics agents to start paying an additional 30 per cent levy after President Donald Trump earlier this week hiked tariffs on goods imported to the US from China and Hong Kong. The vendors received notifications about the new…
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