Posts by Stephanie Irvin
CapitaLand Ascendas Reit portfolio occupancy falls to 92.1% in Q3
The business space and industrial Reit’s aggregate leverage rises to 38.9%, from 37.8% in Q2 PORTFOLIO occupancy at CapitaLand Ascendas Reit (Clar) declined to 92.1 per cent in Q3, from 93.1 per cent in Q2. Occupancy in the US fell to 87.1 per cent, mainly due to lower occupancy in Raleigh, while Australia slipped to…
Read MoreThames Water seeks £3 billion from creditors on urgent cash needs
THAMES Water Utilities seeks to raise up to £3 billion (S$5.1 billion) from its creditors to buy the company more time to avoid going into special administration early next year, showed a proposal on Friday (Oct 25). The UK’s largest water and sewage provider said it wants an agreement to borrow more money and extend…
Read MoreHot stock: Sats surges to 2-year high amid heavy trading
SHARES of in-flight caterer and ground handler Sats advanced amid a steady surge in trading volumes in the morning trading session on Friday (Oct 25). As at 9.33 am, the counter had jumped 9.1 per cent or S$0.34 to S$4.08, with some 8.1 million shares having changed hands. The last time its share price traded…
Read MoreUS: S&P 500, Nasdaq rebound as Tesla shares soar
The S&P 500 and the Nasdaq opened higher on Thursday (Oct 24), recovering from a selloff in the previous session, as gains in Tesla shares after its optimistic earnings forecast lifted indexes. Shares of Tesla were up 14 per cent. The Dow Jones Industrial Average fell 103.65 points, or 0.24 per cent, at the open…
Read MoreEuro, yen bounce as US dollar stalls near three-month highs
THE euro and Japanese yen climbed from recent lows on Thursday (Oct 24), while the US dollar paused after a relentless ascent to near three-month highs underpinned by expectations of a slower pace of interest rate cuts by the Federal Reserve. The euro firmed 0.2 per cent to US$1.080075, a day after hitting a nearly…
Read MoreHasbro profit beats estimates as cost cuts offset weak toy demand
HASBRO’S cost-saving efforts helped the Monopoly owner surpass Wall Street estimates for profit in the third quarter, despite weak consumer spending on toys driving a steeper-than-expected drop in sales. Toymakers such as Mattel and Hasbro have focused on controlling costs this year to weather a slump in demand for toys. Mattel also beat quarterly profit…
Read MoreBanks, telcos, scam victims to share loss liability from Dec 16; financial institutions to roll out real-time surveillance
FINANCIAL institutions (FIs) will now be required to implement real-time fraud surveillance on unauthorised transactions from phishing scams, under the shared responsibility framework (SRF). This in response to feedback received on a consultation paper on the framework, said the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority of Singapore (IMDA) on Thursday…
Read MoreOil prices rise 1% as Middle East attacks heighten supply concerns
OIL prices rose more than 1 per cent on Thursday (Oct 24), reversing some of the previous session’s losses, as the Middle East conflict and reports of North Korean troops ready to help Russia in Ukraine kept traders on edge ahead of the US presidential election. Brent crude futures were up US$1.26, or 1.7 per…
Read More🤷 Should you care about the US elections?
🥣 Markets are stirring The short answer for why we should care is that the US is the most powerful country in the world – economically and militarily – with an outsized influence on the global stage. My bigger concern, though, is that post-election, my daily feed of AI-generated TikToks of Trump and Harris…
Read MoreNew Zealand airport sets three-minute limit on hugs
A NEW Zealand airport has imposed a three-minute limit on farewell hugs, sparking a worldwide debate over how long to cling on for a cuddle. Bosses at the international airport in the southern city of Dunedin say they were surprised by the viral response to their new rule in the car drop-off zone. “To keep…
Read More