Posts by Stephanie Irvin
MOF launches open call for feedback on Singapore Budget 2025
For six weeks from Dec 2 to Jan 12, 2025, Singaporeans may share their thoughts on a range of themes for the upcoming Budget 2025 THE Ministry of Finance (MOF) on Monday (Dec 2) announced an open call for public feedback for Singapore Budget 2025, which is scheduled to be presented in February 2025. For…
Read MoreNine Volkswagen plants on strike as labour battle escalates
WORKERS at nine Volkswagen car and component plants across Germany started strikes lasting several hours on Monday (Dec 2), bringing assembly lines to a halt as labour and management clash over the future of the carmaker’s German operations. Thousands gathered at the Volkswagen headquarters in Wolfsburg. Demonstrations also took place at the Hanover plant, which…
Read MoreGold slips as dollar strengthens; investors await US data
Gold prices slipped on Monday (Dec 2), snapping a four-session rally as the US dollar firmed, while market participants awaited key US economic data for clues on the Federal Reserve’s monetary policy outlook. Spot gold fell 0.7 per cent to US$2,633.86 per ounce, as at 0047 GMT. US gold futures edged 0.9 per cent lower…
Read MoreStocks to watch: SingPost, Nio, Keppel DC Reit, Boustead
THE following company saw new developments that may affect trading of its securities on Monday (Dec 2):
Read MoreBlackRock is near deal to buy private credit manager HPS
BLACKROCK is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit as it seeks to become a major force in alternative assets. An agreement could be announced as early as the coming week and value HPS at US$12 billion or more, according…
Read MoreStellantis reels after CEO’s early departure leaves void
Stellantis chief executive officer Carlos Tavares’ surprise departure leaves the maker of Jeep SUVs and Peugeot cars without clear leadership at a time of significant upheaval in the industry. The shares fell as much as 8.9 per cent in Milan on Monday (Dec 2), and are down 46 per cent this year, after the company…
Read MoreStellantis CEO Tavares quits and hands over to interim committee
STELLANTIS chief executive officer Carlos Tavares is stepping down after profit slumped and US sales weakened at the maker of Jeep SUVs and Fiat cars, which will be run by an interim committee headed by chairman John Elkann. A new CEO will be named in the first half of 2025, the company said in a…
Read MoreThink the stock market boom is too ‘extreme’? Think again
From Sengkang to Sheffield or Seattle, you celebrate above-average, even huge years – like 2024 – more often than down years ARE stocks “overbought”? Wrong-headed bears seemingly think so, claiming US and world stocks’ big year-to-date returns through Nov 25 – and Singapore stocks more than quadrupling long-term annualised averages – signal stocks partied…
Read MoreAdani says his empire will emerge stronger after US bribery case
Indian billionaire Gautam Adani struck a combative tone in his first public remarks since US prosecutors indicted him in a US$250 million bribery scheme, saying “every attack” makes his conglomerate stronger. In his first public appearance since the indictment became public on Nov 21, Asia’s second-richest man said no one in his conglomerate faces US…
Read MoreJPMorgan agrees to drop lawsuit against Tesla over stock warrants
US LENDER JPMorgan Chase agreed on Friday (Nov 29) to drop its lawsuit against Tesla that accused the electric vehicle maker of “flagrantly” breaching a contract between the two companies in 2014 relating to warrants Tesla sold to the bank. The move to drop the lawsuit was announced in a one-page court filing by both…
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