Posts by Stephanie Irvin
HSBC sent fintech Stenn into administration over fears about client list
HSBC Holdings triggered the shuttering of trade-finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were potentially bogus instead, people familiar with the matter said. HSBC, which provided Stenn with a revolving credit facility, became concerned that the company’s relationships with large customers in Taiwan and Japan may…
Read MoreHome Chef Menu Prices: Full List
Ever wondered how much is Home Chef? Well, you’re not alone. Home Chef is a popular meal kit service that brings fresh ingredients straight to your door. It’s perfect for those who love cooking but hate the hassle of grocery shopping. With a variety of meal plans and options, Home Chef aims to make dinner…
Read MorePanin Bank acquisition could add 2-3% to DBS or OCBC profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total assets of S$19.4 billion A FULL takeover of Bank Pan Indonesia could add 2 to 3 per cent to the bottom line of DBS or OCBC, said RHB in a report on…
Read MoreGlobal M&A deal value will hit ‘middling’ US$3.5 trillion by end-2024: Bain
THE global mergers and acquisitions (M&A) market is set to end the year with a “middling” overall deal value of US$3.5 trillion, indicated projections by Bain & Company. This figure is consistent with levels in the mid-2010s and is 15 per cent higher than last year, the management consultancy firm said in a report released…
Read MoreSingapore shares end flat amid mixed Asia markets as investors digest China’s monetary easing plans
SINGAPORE stocks closed unchanged on Friday (Dec 13), as China pledged further monetary easing to brace itself for more trade tensions with the United States. The benchmark Straits Times Index (STI) inched up 0.03 per cent, or 1.08 points, to 3,810.35. Across the broader market, losers outnumbered gainers 276 to 199, as 793.5 million securities…
Read MoreIntel says the idea of splitting up company is an open question
INTEL chief financial officer Dave Zinsner said that a formal separation of the company’s factory and product-development divisions is an open question that will be decided by the chipmaker’s next leader. Zinsner, who is serving as interim co-chief executive officer following this month’s ouster of Pat Gelsinger, spoke on Thursday at the Barclays technology conference…
Read MoreAuditor-flagged Singapore Institute of Advanced Medicine sets up strategic review panel
CATALIST-LISTED Singapore Institute of Advanced Medicine (SAM) has set up a strategic review committee that will look into improving its performance, the healthcare provider said in a bourse filing on Thursday (Dec 12). The committee, set up with immediate effect, is made up of five non-executive directors from the company, and will include external professionals…
Read MoreEuro, US dollar steady before ECB decision, Swiss franc falls on large rate cut
THE US dollar was broadly steady on Thursday (Dec 12) while the euro traded a touch higher before the European Central Bank’s monetary policy decision later in the day, where a quarter-point rate cut is widely expected. The Swiss franc fell after its central bank lowered interest rates by more than expected – 50 basis…
Read More20 Worst Shark Tank Deals Ever
Shark Tank, the hit TV show where hopeful entrepreneurs pitch their ideas to a panel of savvy investors, has seen its fair share of both triumphs and flops. While some businesses leave the tank with a big deal and a bright future, others, well, they crash and burn. We’re diving into the 20 worst Shark…
Read MoreHermes family in talks to invest in French insurer Albingia
A FAMILY office backed by members of the Hermes fortune are among the likely buyers of French insurer Albingia, in an investment that signals a goal to diversify their wealth away from luxury. Krefeld Invest, the family office of heirs to the luxury goods fortune, is part of an investor group that’s in exclusive talks…
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