Posts by Stephanie Irvin
Q&M unit’s lab business remains suspended; to shutter Sengkang vaccination centre
Q&M Dental and its Catalist-listed associated company, Aoxin Q&M, are suspending Acumen Diagnostics’ laboratory business with “no immediate plans” to reapply for its laboratory licence after it expired on Sep 15 this year. Acumen is a 51 per cent subsidiary of Q&M Dental, with the remaining 49 per cent held by Aoxin Q&M. Its business…
Read MoreChina’s steel mills and oil refiners bear brunt of tepid economy
CHINESE commodities producers centred on the old economy are still bearing the brunt of the nation’s economic slowdown, with steelmakers and crude oil processors in particular continuing to rack up losses. Cumulative losses in the world’s biggest steel industry swelled to 34 billion yuan (S$6.3 billion) over the first nine months of the year, according…
Read MoreSouth Korea says it may consider additional oil tax cut
SOUTH Korea is experiencing minimal economic impact following Israel’s retaliatory strike on Iran, but may consider a further reduction in fuel oil tax if global market volatility increases, President Yoon Suk-yeol’s office said on Sunday (Oct 27). The comments, made during a meeting to assess the security and economic situation, follow the government’s recent decision…
Read MoreBoeing raises doubts about its future in the space business
BOEING is weighing options for its Starliner operations as part of a broad review, raising the potential it will end one of the most storied histories in American space exploration. While the assessment of whether to walk away from a key Nasa programme remains in the early stages, it marks the most concrete step yet…
Read MoreYen weakens, Japan stocks face pressure on election blow to LDP
THE yen fell to a three-month low and Japanese stocks were set to slip on Monday (Oct 28) after the Liberal Democratic Party (LDP) and its coalition partner were dealt a heavy blow in a snap election. The currency weakened about 0.6 per cent against the US dollar, with the slide coming after four straight…
Read MoreNew Green Mark rules could drive up data centre capex, but are seen as necessary
Market watchers say the tighter standards are needed to push the industry to become more sustainable OPERATORS are expected to increase their capital expenditure to meet Singapore’s updated Green Mark standards for data centres. But market watchers believe that the tighter standards are necessary to push the industry to be more sustainable. The Building and…
Read MoreNvidia overtakes Apple as world’s most valuable company
Nvidia dethroned Apple as the world’s most valuable company on Friday (Oct 25), following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing artificial intelligence (AI) chips. Nvidia’s stock market value briefly touched US$3.53 trillion, while that of Apple was US$3.52 trillion, according to data from LSEG. In June,…
Read MoreNvidia overtakes Apple as world’s most valuable company
Nvidia dethroned Apple as the world’s most valuable company on Friday (Oct 25), following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing artificial intelligence (AI) chips. Nvidia’s stock market value briefly touched US$3.53 trillion, while that of Apple was US$3.52 trillion, according to data from LSEG. In June,…
Read MoreOil settles up, weekly gain 4% as investors weigh Middle East risk and US election
Oil prices settled higher on Friday (Oct 25) and gained 4 per cent on the week, with investors taking stock of the ongoing conflict in the Middle East as well as the US election next month. Brent crude futures settled up US$1.67, or 2.25 per cent, at US$76.05 a barrel. US West Texas Intermediate (WTI)…
Read MoreHCA Healthcare misses quarterly profit estimates on hurricane impact
HCA Healthcare missed Wall Street estimates for quarterly profit on Friday (Oct 25) after being hit by delays in medical procedures due to Hurricane Helene, sending its shares down about 10 per cent in pre-market trading. The company incurred additional expenses in the third quarter, experiencing a loss of revenue estimated at US$50 million, owing…
Read More