Posts by Stephanie Irvin
DBS shares hit S$45 for the first time
Shares of Singapore’s biggest bank DBS reached S$45 for the first time on Wednesday (Jan 8). The stock crossed that milestone to trade at S$45.14 by Wednesday afternoon, rising about 1.5 per cent. It then climbed further to close at S$45.44, up 2.11 per cent for the day. About 6.5 million shares changed hands. The…
Read MoreDBS shares crosses S$45 for the first time
Shares of Singapore’s biggest bank DBS reached S$45 for the first time on Wednesday (Jan 8). The stock crossed that milestone to trade at S$45.14 by Wednesday afternoon, rising about 1.5 per cent. It then climbed further to close at S$45.44, up 2.11 per cent for the day. About 6.5 million shares changed hands. The…
Read MoreTyre maker Goodyear to sell Dunlop brand to Japan’s Sumitomo Rubber for US$701 million
GOODYEAR Tire & Rubber said on Tuesday (Jan 7) that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for US$701 million in cash as part of a plan to streamline its business. The sale covers the Dunlop brand and its trademarks in Europe, North America and Oceania, the company said. Goodyear said…
Read MoreHot stock: Centurion hits record high, surges 6.3% after news that it is exploring a Reit listing
SHARES of accommodation assets operator Centurion surged 6.3 per cent on Wednesday (Jan 8) following the previous day’s news that it is exploring a real estate investment trust (Reit) listing on the Singapore Exchange (SGX). As at 9.39 am, the counter had advanced 6.3 per cent S$0.06 to S$1.02 from Tuesday’s closing price of S$0.96,…
Read MoreGold flat as US yields, dollar rise on strong data
GOLD prices were flat on Wednesday (Jan 8), pressured by higher yields and a stronger dollar after US data suggested the Federal Reserve might slow the pace of its rate cuts this year. Spot gold held its ground at US$2,650.62 per ounce, as at 0023 GMT, after rising as much as 1 per cent in…
Read MoreHong Kong banks hoard record piles of cash as economy sputters
HONG Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to reignite the city’s ailing economy. Banks in the city, including HSBC Holdings and Standard Chartered, held an aggregate liquidity coverage ratio (LCR) of more than 180 per cent in the second quarter, the…
Read MoreStocks to watch: SingPost, Centurion, Stoneweg E-Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 8):
Read MoreTrump’s Dubai billionaire ally vows US$20 billion for data centres
SINCE Donald Trump was first elected in 2016, Hussain Sajwani, the head of Damac Group, wanted the world to know he was the US president’s man in the Middle East. The real estate billionaire thrust himself into the spotlight again on Tuesday (Jan 7), standing alongside the president-elect and promising an investment of at least…
Read MoreHonda unveils first US-made EVs, plans for high-performance chip
HONDA Motor debuted prototypes of its two latest electric vehicles (EVs) – a sedan and an SUV – with a new software operating system that will be built at its plant in Ohio and sold starting in early 2026. The Japanese carmaker displayed the near-production models of its 0 Series sedan and mid-size SUV at…
Read MoreDo It In 7 Steps: Your Quick Guide to Starting a Business in 2024
Thinking about starting a business in 2024? You’re in the right place. This guide will walk you through the seven steps you need to kick things off. It’s not as scary as it sounds, promise! From shaping your business idea to planning your launch, we’ve got you covered. Let’s dive into these steps and get…
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