Posts by Stephanie Irvin
Singapore shares rise at Wednesday’s open; STI up 0.3%
SINGAPORE stocks began trading higher on Wednesday (Nov 27), despite US president-elect Donald Trump’s tariff threat on major trading partners. As at 9.01 am, the Straits Times Index (STI) was up 0.3 per cent or 10.73 points at 3,723.12. Across the broader market, gainers outnumbered losers 50 to 41 after 17.1 million securities worth S$51.8 million…
Read MoreSTI down 0.3% as investors continue to digest Trump’s tariff threat
SINGAPORE stocks traded lower on Wednesday (Nov 27) afternoon, as investors continued to digest the threat of Trump’s tariffs. As at 12.01 pm, the Straits Times Index (STI) was down 0.3 per cent or 9.59 points at 3,702.8. Across the broader market, losers outnumbered gainers 187 to 158 after 421.2 million securities worth S$449 million changed…
Read MoreElite UK Reit to divest office building Hilden House for £3.3 million
ELITE UK Real Estate Investment Trust (Reit) has entered a contract to divest Hilden House, an office building in Warrington, England, for a sale consideration of £3.3 million (S$5.6 million). This represents a six per cent premium above the property’s valuation of £3.1 billion as at Jun 30, 2024, based on an independent valuation conducted…
Read MoreVinFast’s loss narrows, revenue jumps on higher EV sales
VINFAST Auto said its third-quarter loss narrowed and revenue jumped as the company delivered more cars. The Vietnamese electric vehicle (EV) maker reported a net loss of 13.3 trillion dong (S$705 million) in the third quarter, a decrease of 14.8 per cent from a year ago. Revenue jumped 49.3 per cent during the same period…
Read MoreUS Fed minutes show officials prefer future rate cuts to be gradual
US FEDERAL Reserve officials indicated broad support for a careful approach to future interest-rate cuts as the economy remains solid and inflation slowly cools, minutes from their latest policy meeting showed. “Participants anticipated that if the data came in about as expected, with inflation continuing to move down sustainably to 2 per cent and the…
Read MoreCore portfolio with US equities could mitigate impact of looming ‘seismic changes’
AS THE global market enters an uncertain inflationary macro environment with Donald Trump “in the driving seat” of the United States (US) for the second time, investors will do well to maintain a core position in their portfolios, rather than try to time the market. Speaking at a panel on Nov 9, Sue Lee, director…
Read MoreSingapore Post in exclusive talks for Australia business sale
Singapore Post’s Australian business had posted a revenue of S$574.8 million in the half year ending Sept 30, up from S$398.8 million a year earlier Singapore Post said on Tuesday (Nov 26) it was in exclusive talks with a third party for a potential sale of its Australia business, while stating that no definitive deal…
Read MoreMaybank’s Q3 net profit rises 7.6% to RM2.5 billion
MAYBANK’s net profit for the third quarter ended Sep 30, 2024, amounted to RM2.5 billion (S$770 million), up 7.6 per cent from RM2.4 billion in the previous corresponding period. The group’s earnings per share for the quarter stood at 21.04 sen, up from 19.56 sen in the same period last year. Profit before tax for…
Read MoreBritish Airways to introduce new first class to A380 jet in 2026
BRITISH Airways plans to introduce a new first class on its Airbus A380 double-deckers in mid-2026, betting that the most expensive seats at the front of the aircraft still have a place in the cabin even as business class berths become more luxurious. The top class will feature a 2 metre, 93 centimetre wide seat…
Read MoreHuawei to launch ‘milestone’ smartphone with homegrown OS
CHINESE tech giant Huawei will on Tuesday launch its first smartphone equipped with a fully homegrown operating system, a key test in the firm’s fight to challenge the dominance of Western juggernauts. Apple’s iOS and Google’s Android are currently used in the vast majority of mobile phones, but Huawei is looking to change that with…
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