Posts by Stephanie Irvin
Geopolitical conflicts cloud Singapore fund managers’ outlook for 2025: Imas survey
SINGAPORE fund managers do not foresee a robust performance from Asian markets this year, amid an expected increase in geopolitical tensions. This cautious perspective was highlighted in the Investment Management Association of Singapore (Imas) investment managers’ annual survey, where concerns about a fragmenting global order had risen to the forefront. This year’s survey garnered 52…
Read MoreSingapore police partners banks to prevent S$73 million in potential scam losses
MORE than 1,444 scam cases were thwarted through a joint operation by the Singapore Police Force’s (SPF) Anti-Scam Centre and six banks, preventing losses of around S$73 million. The two-month operation, conducted between Nov 1 and Dec 31, 2024, made use of robotic process automation technology to detect potential victims of investment, fake friend call,…
Read MoreDBS 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…
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