Posts by Stephanie Irvin
Singapore shares open Monday higher on Q3 GDP uptick; STI up 0.2%
SINGAPORE stocks rose at the opening bell on Monday (Oct 14) after advance estimates showed that the city state’s economy grew 4.1 per cent year on year during the third quarter of 2024. It was also announced on the same morning that monetary policy settings were maintained for the sixth straight meeting in October, in…
Read MoreJapanese F&B operator Food Innovators Holdings aims for Singapore listing to be springboard to Asia
The company has announced it is planning to raise S$3.1 million in its IPO, through 14 million new shares to be issued at S$0.22 apiece JAPANESE food and beverage (F&B) operator Food Innovators Holdings (FIH) is aiming to leverage its upcoming listing in Singapore to expand into Asian markets. The group – which owns and…
Read MoreUbisoft fears assassin’s hit over falling sales
UBISOFT’S battle to maintain its share price has become almost as epic as its Assassin’s Creed franchise as the video game giant confronts stuttering sales, buyout rumours, and now a strike that starts Tuesday (Oct 15). The creator of the historical action game and Just Dance was booming as recently as 2020, rivalling its US…
Read MoreWTI to rebound in the short term
SINCE Oct 1, the West Texas Intermediate (WTI) crude oil price has climbed significantly, rising above US$8 a barrel. This sharp rise was triggered by escalating geopolitical tensions in the Middle East, notably when Iran launched around 200 missiles at Israeli targets overnight. The growing speculation that Israel might retaliate by striking Iranian oil facilities…
Read MoreBain makes binding offer for Fuji Soft, outbidding KKR by 7%
BAIN Capital made a binding takeover proposal for Fuji Soft as it seeks to outmaneuver private equity rival KKR, which has offered a lower price for the Japanese software developer. Bain is proposing to pay 9,450 yen (S$82.70) a share for the company, it said in a statement Friday (Oct 12), which compares with KKR’s…
Read MoreBoeing to cut workforce by 10% as strike eats into reserves
BOEING said it plans to cut its workforce by about 10 per cent, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and a worsening cash crunch. The reductions will include executives, managers and employees, chief executive officer Kelly Ortberg said in a memo to employees. Boeing ended 2023…
Read MoreBoeing to cut workforce by 10% as strike eats into reserves
BOEING said it plans to cut its workforce by about 10 per cent, responding to the crisis facing the planemaker as it faces a drawn-out strike by workers and a worsening cash crunch. The reductions will include executives, managers and employees, chief executive officer Kelly Ortberg said in a memo to employees. Boeing ended 2023…
Read MoreDollar edges higher against major currencies as traders weigh US data
THE US dollar was flat against major currencies on Friday (Oct 11) as markets digested a slew of economic data that supported the Federal Reserve’s current monetary policy path. A gauge of US producer prices was unchanged in September, the Labor Department reported, the latest economic data to indicate the Fed will likely cut rates…
Read MoreBinance compliance chief denied bail in Nigeria money laundering case
BINANCE’S head of financial compliance was denied bail for a second time on Friday (Oct 11) as his trial on money laundering charges started in Nigeria, with a judge ruling that the prison in which he is being held is capable of meeting his medical needs. Tigran Gambaryan, an American citizen, has been in detention…
Read MoreUber, Lyft shares jump after Tesla’s ‘toothless’ robotaxi reveal
UBER Technologies and Lyft have climbed in early trading, after Tesla’s Elon Musk offered few details on the carmaker’s plans for a self-driving vehicle service that could compete with ride-hailing. Uber’s stock jumped as much as 5.4 per cent and Lyft’s advanced up to 3.7 per cent in premarket trading on Friday (Oct 11), after…
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