Posts by Stephanie Irvin
China’s Huawei launches ‘milestone’ smartphone with homegrown OS
CHINESE tech giant Huawei on Tuesday (Nov 26) launched 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…
Read MoreMacquarie initiates coverage on 11 S-Reits with top picks including data centre plays
MACQUARIE Research initiated coverage on 11 Singapore real estate investment trusts (S-Reits) that it prefers amid a higher-for-long interest rate environment. It named top picks including data centre and industrial names, with an “outperform” rating on nine out of the 11 it listed. S-Reits are trading at levels yielding around 6 per cent, close to…
Read MoreStanChart is front-runner as dollar settlement bank in India hub
STANDARD Chartered has emerged as the front-runner to become the settlement bank for real-time US dollar-denominated trades in India’s newest financial hub, according to sources familiar with the matter. The Clearing Corp of India, which has been tasked to set up the settlement system, will start testing the new model by January, said the sources,…
Read MoreAddvalue seeks at least US$2.1 million from Chinese software company
It does not expect the commencement of arbitration proceedings to have a material impact on the company’s financial position ADDVALUE Technologies has commenced arbitration proceedings in Hong Kong against Xepic to claim at least US$2.1 million and damages for the wrongful termination or repudiation of contracts, together with interest and costs. On Tuesday (Nov 26),…
Read MoreSembcorp clinches 300 MW wind-solar hybrid power project from India’s state-run power producer
Upon its completion, energy and urban development company will sell power output from the project to NTPC under a 25-year contract INDIA’S NTPC has appointed Sembcorp Industries to build, own and operate a 300-megawatt (MW) wind-solar hybrid power project. The project, which will be connected to the inter-state transmission system, is part of a 1.2-gigawatt…
Read MoreSembcorp clinches 300MW wind-solar hybrid power project from India’s state-run power producer
Upon its completion, energy and urban development company will sell power output from the project to NTPC under a 25-year contract INDIA’S NTPC has appointed Sembcorp Industries to build, own and operate a 300 megawatt (MW) wind-solar hybrid power project. The project, which will be connected to the inter-state transmission system, is part of a…
Read MoreUBS targets rich women as return to Australia strategy shapes up
UBS Group is returning to wealth management in Australia after it exited almost a decade ago, tapping the Credit Suisse franchise it bought to make a renewed charge. The firm is targeting the rising number of rich women and family offices in the country, according to its local wealth chief. For a nation of less…
Read MoreOil falls US$2 on possible Middle East peace deal
OIL prices fell more US$2 on Monday (Nov 25) after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hizbollah conflict, citing unnamed senior US officials. Brent crude futures were down US$2.02, or 2.69 per cent, at US$73.15 a barrel by 9.57 am CST (1557 GMT), while…
Read MoreBrokers’ take: RHB ‘overweight’ on Singapore banking sector
RHB on Monday (Nov 25) upgraded its call on Singapore’s banking sector to “overweight” from “neutral” in September, as it made a “buy” call for two of the three Singapore bank stocks covered. Its top picks for the sector were UOB, with a buy call on a target price of S$40.20, and DBS, also a “buy”,…
Read MoreThai medical tycoon wanted for alleged fraud flees to China
THAI hospital tycoon Boon Vanasin, who allegedly lured some 7.5 billion baht (S$294 million) of investments in fake medical projects, has fled to China, prompting the police to issue a warrant for his arrest. Police have received some 520 complaints since December last year involving about 247 people, Nopasin Poolsawat, deputy commissioner of the Metropolitan…
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