Posts by Stephanie Irvin
US: S&P 500, Nasdaq open flat ahead of economic data; Boeing declines – The Business Times
THE benchmark S&P 500 and the tech-heavy Nasdaq opened muted on Friday (Jan 24), with investors staying cautious ahead of economic data, while planemaker Boeing dropped after issuing a quarterly profit warning. The Dow Jones Industrial Average fell 31.3 points, or 0.07 per cent, at the open to 44,533.75. The S&P 500 rose 2.7 points,…
Read MoreThomson Medical warns of H1 loss on poorer Malaysia performance – The Business Times
THOMSON Medical expects to report a loss after tax for the six months ended Dec 31, 2024, following a preliminary review of the unaudited financial results. This is mainly due to poorer performance of its Malaysia market, partly resulting from the termination and discounts of certain insurance contracts, it said in a bourse filing on…
Read MoreFar East Orchard unit acquires additional stake in Woodlands Square for S$25 million – The Business Times
A UNIT of Far East Orchard (FEO) has acquired an additional stake in its commercial property in Woodlands for S$25 million. Woods Square, an integrated commercial development comprising offices and retail spaces, was completed in 2020 and was a joint venture between FEO’s wholly owned subsidiary Tannery, Far East Civil Engineering (FECE), and Sekisui House.…
Read MoreAlfa Romeo and Jeep dealership in Singapore to close by June – The Business Times
CAPELLA Auto, the agent for Alfa Romeo and Jeep cars in Singapore, is winding up its business by June and will sell its remaining stock of cars over the next few months. Speaking to The Straits Times on Thursday (Jan 23), Capella Auto’s marketing director Tracy Teo said the company will continue to offer maintenance,…
Read MoreTesla launches new Model Y in US, Canada, Europe weeks after China – The Business Times
ELON Musk’s Tesla launched a new higher-priced version of the Model Y, its best-selling car, in the United States, Canada and Europe on Thursday (Jan 23), weeks after it was first released in China. The new Model Y, a long range all-wheel drive variant, will cost US$59,990 in the US, according to the electric vehicle…
Read MoreLNG firm Venture Global gets US$1.75 billion in year’s biggest IPO – The Business Times
VENTURE Global raised US$1.75 billion in its initial public offering (IPO), pricing its shares in the middle of a marketed range. The Arlington, Virginia-based company sold 70 million shares for US$25 each, according to a statement. The pricing gives the company a market value of US$60.5 billion, based on the number of outstanding shares listed…
Read MoreSingapore stocks fall amid easing monetary policy settings and Trump tariff remarks; STI down 0.1% – The Business Times
SINGAPORE shares ended slightly lower on Friday (Jan 24), following the Monetary Authority of Singapore (MAS) easing monetary policy settings and US President Donald Trump calling for lower interest rates at the World Economic Forum in Switzerland. Trump also announced plans to cut taxes for companies investing in the United States, while imposing tariffs on…
Read MoreNo major impact from Johor data centres, US export ban: Keppel DC Reit manager – The Business Times
NEW data centres in Johor, Malaysia, and the US chip export ban are unlikely to have a big impact on Keppel DC Reit, said the manager on Friday (Jan 24). The workloads in Johor are different from those in Singapore, with the data centres in the Republic doing artificial intelligence (AI) inference work rather than…
Read MoreJPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit – The Business Times
JPMORGAN Chase lifted chief executive officer Jamie Dimon’s pay to US$39 million for 2024, a year in which the biggest US bank beat its own record for the highest annual profit in the history of American banking. The board granted Dimon a US$1.5 million salary and US$37.5 million of performance-based incentive compensation, according to a…
Read MoreBoeing forecasts big loss on defence troubles, strike; shares drop 2.5% – The Business Times
BOEING’S loss will exceed expectations when it unveils fourth-quarter results next week, the financially strapped US planemaker said on Thursday, due to charges at its defence unit, lower jetliner deliveries and losses from a crippling strike. The company forecast a quarterly loss of US$5.46 per share, sharply steeper than analysts’ average expectation of a US$1.84…
Read More