Posts by Stephanie Irvin
As pillar of Singapore financial ecosystem, SGX needs help to build investor demand: chairman
A VIBRANT and liquid stock market is vital to securing Singapore’s continued success as a global financial centre, and it is “evident” that this business needs more work, a senior executive of the local bourse said. Beyond generating profits for the Singapore Exchange (SGX), the purpose of the local stock market is to serve as…
Read MoreMini-mart billionaire sets sights beyond Malaysia after IPO
MALAYSIA’S mini-mart tycoon Lee Thiam Wah said he is open to taking the 99 Speed Mart convenience-store chain to other countries. His first priority though will be to reach every nook at home. “There are no concrete plans, but we are looking for good opportunities” to enter other markets, Lee said in an interview just…
Read MoreTupperware Brands plans to file for bankruptcy
TUPPERWARE Brands is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the plans, following a years-long effort to revive the business amid waning demand. The home-goods brand, which has for much of a century defined food storage, is planning to enter court protection after it breached the…
Read MoreBrain implant lets man control Amazon’s Alexa with thought
A PATIENT with a degenerative disease was able to command Amazon’s Alexa digital assistant with his mind, the company behind the technological innovation announced on Monday, letting him stream shows and control devices with only his thoughts. An implant in a blood vessel on the surface of the 64-year-old man’s brain let him mentally “tap”…
Read MoreMurdoch media empire succession drama plays out in US tribunal
A US tribunal began picking over the bitter spat between media magnate Rupert Murdoch and his children on Monday in a case that could determine the fate of his empire, including the influential right-wing Fox News. The hearings in Nevada are playing out behind closed doors despite a bid by an alliance of media outlets,…
Read MoreBP seeks to focus on core business to boost investor interest
BP ON Monday (Sep 16) announced plans to sell its onshore wind business in the US as the oil and gas giant scales back its exposure to renewables and focuses on its core business. Earlier in the day, the company also said it will offload part of its stake in a key natural gas pipeline…
Read MoreEurope: Shares end marginally lower on tech drag; Fed in focus
EUROPE’S Stoxx 600 closed slightly lower on Monday as losses in heavyweight technology shares weighed on the index, while the focus remained on the US Federal Reserve, which is widely expected to kick off its policy easing cycle this week. The pan-European Stoxx 600 index ended 0.2 per cent lower, snapping a three-day winning streak. Europe’s…
Read MoreUS: All eyes on Fed as Dow ends at record
THE Dow finished at an all-time record on Monday while the Nasdaq retreated as markets weighed competing potential outcomes for an upcoming Federal Reserve decision. Investors widely expect the Fed to cut interest rates on Wednesday for the first time since March 2020. But markets are not sure whether to expect a 25 basis point…
Read MoreQ&M unit temporarily halts operations at one of its labs after licence lapses
ACUMEN Diagnostics, a subsidiary of Q&M Dental Group, has temporarily ceased operations at one of its labs after its licence was allowed to lapse. Acumen was notified by the Ministry of Health (MOH) that the clinical laboratory service licence of one of its labs will expire on Sep 15 two days prior. The licence is…
Read MoreTitanic builder Harland & Wolff to appoint administrators as debt woes deepen
It will cut jobs in its non-core and certain central support areas, without specifying the number of roles affected Harland & Wolff said on Monday (Sep 16) it plans to appoint administrators in the coming days as the company known for building the Titanic struggles with a debt crisis. The Belfast-based shipbuilder, which survived closure…
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