Posts by Stephanie Irvin
Intel to turn venture arm into separate firm with new name
INTEL, the once-dominant chipmaker struggling to revive its business and finances, plans to turn its venture capital arm into a separate fund with a new name. The chipmaker will continue to be an “anchor investor in the new company”, according to a statement on Tuesday (Jan 14). The division, currently known as Intel Capital, has…
Read MoreSouth Korea’s import prices surge at fastest pace in five months as won weakens
SOUTH Korea’s import prices accelerated in December at the fastest pace in five months, central bank data showed on Wednesday (Jan 15), signalling renewed inflationary pressures due to a weakened local currency. The import price index, in terms of local currency, rose 7.0 per cent in December from a year earlier, the fastest since last…
Read MoreInc., LLC, DBA? Your Simple Guide to Business Lingo
Starting a business is like learning a new language. You’ve got all these terms thrown at you—Inc., LLC, DBA—and it can feel like you’re drowning in alphabet soup. But don’t worry, this guide is here to break it all down. We’ll go over different business structures, what they mean, and why they’re important. Whether you’re…
Read MoreMitsubishi quits China metal trading after copper fraud
Japanese conglomerate Mitsubishi Corp plans to shutter its Chinese metal trading business after suspected fraud by one of its copper traders led to a more than US$90 million loss. The company will stop buying and selling refined metals and mineral resources in the Chinese spot market and will no longer provide related services for local…
Read MoreCapitaLand Investment adds three female leaders among key executive appointments
PROPERTY investment manager CapitaLand Investment (CLI) announced several key executive appointments on Tuesday (Jan 14) as part of its ongoing leadership renewal, bringing in three female leaders into senior roles. With effect from Jan 22, Yvonne Siew will be appointed managing director and head of product development and wealth markets of private capital markets of the…
Read MoreGold gains on uncertainty over Trump policies; US data awaited
GOLD prices gained on Tuesday (Jan 14), amid uncertainty around the incoming Trump administration’s policies and fresh positioning ahead of crucial US data for further cues on the Federal Reserve’s monetary policy. Spot gold rose 0.3 per cent to US$2,671.13 per ounce as at 0101 GMT. US gold futures gained 0.4 per cent to US$2,688.40. …
Read MoreSingapore shares trading lower on Tuesday; STI down 0.1%
SINGAPORE shares were trading in negative territory on Tuesday (Jan 14), after overseas markets closed mixed. As at the midday break, the Straits Times Index (STI) was down 0.1 per cent or 5.24 points at 3,786.46. Across the broader market, gainers outnumbered losers 243 to 163 after 481.1 million securities worth S$396.8 million changed hands. …
Read MoreSingapore shares in the red on Tuesday; STI falls 0.1%
SINGAPORE shares were in the red on Tuesday (Jan 14), amid a mixed regional showing. The benchmark Straits Times Index (STI) declined 0.1 per cent or 2.93 points to 3,788.77. The STI was led by maritime vessel maker Yangzijiang Shipbuilding, which rose 4.1 per cent or S$0.12 to S$3.07. It was one of the most…
Read MoreUS SEC fines Blackstone, KKR, Apollo, others in texting crackdown
AFFILIATES of Blackstone, KKR, Apollo Global Management and Charles Schwab are among a dozen investment advisers and brokerages that will collectively pay more than US$63 million for failing to track employees’ use of unauthorised communications platforms. The settlements, announced by the US Securities and Exchange Commission (SEC) on Monday (Jan 13), extend the agency’s crackdown…
Read MoreApple, Samsung smartphone shipments fall in fourth quarter as China competition bites: IDC
SMARTPHONE shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi, according to preliminary data from the International Data Corporation (IDC) on Monday (Jan 13). The global smartphone market rebounded strongly after two years of decline, with Chinese smartphone companies rapidly expanding their…
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