Posts by Stephanie Irvin
Singapore shares rise at Tuesday’s open; STI up 0.8%
SINGAPORE shares started trading in positive territories on Tuesday (Jan 28). As at 9.01am, the Straits Times Index (STI) was up 0.8 per cent or 31.05 points higher at 3,827.76. Across the broader market, gainers outnumbered losers 67 to 30 after 30.8 million securities worth S$85.7 million changed hands. Among the actively traded counters by…
Read MoreAims Apac Reit’s 9M DPU rises 1.1% to S$0.0707
THE manager of Aims Apac Reit (AA Reit) on Tuesday (Jan 28) posted a 1.1 per cent increase in distribution per unit (DPU) to S$0.0707 for the nine months ended Dec 31, 2024, from S$0.0699 in the same period the previous year. Revenue climbed 5.7 per cent on the year to S$139.1 million from S$131.6…
Read MoreUS: Wall St opens sharply lower as China’s AI push rattles Big Tech
Wall Street’s main indexes opened lower on Monday (Jan 27), as the surging popularity of a low-cost Chinese artificial intelligence model sparked a selloff in chipmaker Nvidia and other companies that stand to benefit from investments into the technology. The Dow Jones Industrial Average fell 275.4 points, or 0.62 per cent, at the open to…
Read MoreHuationg, Ley Choon shares rise as construction stocks surge amid bright demand outlook
Shares of some construction companies soared last week on various announcements and a projected bright outlook. Hock Lian Seng was up 12.9 per cent for the week, and Pan-United gained 11.6 per cent. Ley Choon Group rose 8 per cent in the same period, Huationg Global was up 7 per cent, and BRC Asia jumped…
Read MoreECB to cut rates again, with a nervous eye on Trump – The Business Times
EUROZONE rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain on track despite the threat from US President Donald Trump’s protectionist agenda. The European Central Bank (ECB) is expected to cut its benchmark deposit rate by a further quarter point to 2.75 per cent on Thursday…
Read MoreWith the Fed likely to stand pat on rates, investors will scrutinise every detail for any deviation on policy
This time, unlike at previous high-stakes meetings, no one expects to see any surprises THE US Federal Reserve is so likely to leave interest rates unchanged this week that you can almost hear a collective yawn on Wall Street. This time, unlike at previous high-stakes meetings, no one expects to see any surprises. The Fed…
Read MoreJLR to invest £65 million to meet demand for custom luxury car colours – The Business Times
JAGUAR Land Rover (JLR) will invest £65 million (S$109 million) to expand its luxury paint services in the UK and Slovakia to meet increased demand for personalised cars from high-end clients, it said on Monday (Jan 27). The luxury car maker joins rival Rolls-Royce Motor Cars, a unit of BMW, in trying to cash in…
Read MoreSingapore-listed US office Reits soar on Trump’s return to office mandate – The Business Times
SINGAPORE-LISTED office real estate investment trusts (S-Reits) have surged in the past week, after US President Donald Trump signed an executive order mandating federal employees to return to in-person work. As at last Friday’s (Jan 24) close, the trio of US office Reits recorded a strong weekly gain of more than 10 per cent. Keppel…
Read MorePhilippine peso may test record low as central bank cuts rates – The Business Times
THE Philippine peso is veering towards an all-time low as the nation’s central bank plans to cut interest rates further in the face of slowing economic growth. Goldman Sachs, Barclays and Fitch Solutions see the peso testing 60 per US dollar mark by mid-year, while DBS Group Holdings predicts a fall to 60.8. The currency…
Read MoreTrump discussing TikTok purchase with multiple people, decision in 30 days – The Business Times
US President Donald Trump said on Saturday (Jan 25) that he was in talks with multiple people over buying TikTok and would likely have a decision on the popular app’s future in the next 30 days. “I have spoken to many people about TikTok and there is great interest in TikTok,” Trump told reporters on…
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