Posts by Stephanie Irvin
Microsoft says productivity software suite recovered after outage
MICROSOFT said its cloud-based productivity software suite, which includes Word, Excel and Teams, among other widely used tools, has recovered after an outage impacted thousands of users on Thursday (Sep 12). “We can confirm the issue impacting connectivity to Microsoft services is now mitigated,” the Windows parent said in a post on X. The company…
Read MoreNuclear startup Fuse valued at more than US$200 million in new funding
DREAMS of nuclear fusion have captured investors’ attention in recent years, spurring a boom in private funding driven by technological breakthroughs, new federal financing and the promise of cheap, abundant energy. Deep-pocketed optimists like Bill Gates, Jeff Bezos, Peter Thiel and Sam Altman have all channelled resources into nuclear research at different companies. But industry…
Read MoreSGX-ST rejects New Silkroutes Group’s proposal to resume trading
THE Singapore Exchange Securities Trading (SGX-ST) has rejected New Silkroutes Group’s proposal to resume trading over concerns about the group’s financial stability and the viability of its new business. The mainboard-listed group, which had submitted its proposal in June, received the rejection from SGX-ST on Wednesday (Sep 11). The group has been suspended from trading…
Read More💸 A Gen Z’s guide to preparing for a recession
🥴 A recession freakout Economic pundits and the stock market have been freaking out lately and no, it’s not over a certain kaya toast chain raising its prices (again). First, there was the great unwind last month 🧵 that briefly sent stock and currency markets in a meltdown after a rise in the Japanese yen…
Read MoreLatest Singapore 6-month T-bill cut-off yield falls slightly to 3.1%
THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 3.1 per cent, auction results released by the Monetary Authority of Singapore on Thursday (Sep 12) indicated. This is down from the 3.13 per cent offered in the previous six-month auction, that closed on Aug 29. Demand fell in the latest tranche.…
Read MoreRBNZ seen cutting rates further, faster than it currently forecasts
NEW Zealand’s central bank will cut interest rates further and faster than it says it will as the economy contracts and inflation slows, according to investors and some economists. The Reserve Bank of New Zealand (RBNZ), which embarked on an easing cycle last month, will take its Official Cash Rate (OCR) to 2.5 per cent…
Read MoreCouche-Tard discusses higher price for 7-Eleven owner
ALIMENTATION Couche-Tard is discussing improving its takeover proposal for Seven & i Holdings with the goal of convincing the Japanese convenience store operator to start engaging in discussions, sources with knowledge of the matter said. Couche-Tard has been weighing how much it would be able to increase the potential offer, the sources said, asking not…
Read MoreBahrain offloads stake in key Saudi Arabia oil pipeline to BlackRock
BAHRAIN has sold a minority stake in a key oil pipeline that transports crude from Saudi Arabia to BlackRock as the Gulf’s smallest economy looks to monetise energy assets. Bapco Energies, which manages the nation’s energy infrastructure including the pipeline, sold a minority ownership stake in the Saudi Bahrain Pipeline Company to a fund managed…
Read MoreGold prices subdued as market eyes upcoming US data
GOLD prices were flat on Thursday (Sep 12) following the release of the US inflation print, while traders shifted their attention to the upcoming economic data that could impact the Federal Reserve’s policy decision. Spot gold was subdued at US$2,511.52 per ounce, as at 0031 GMT. US gold futures edged 0.1 per cent lower to…
Read MoreBearish signals flash in risky parts of US$9.5 trillion ETF market
SIGNS of gloom are mounting in the US$9.5 trillion ETF landscape, threatening to expose Wednesday’s (Sep 11) dip buying in stocks as a head-fake with traders cashing out of speculative trading vehicles. Trading activity shows growing demand for exchange-traded funds (ETFs) that profit from declines in megacap tech stocks, smaller companies and semiconductors. Take amped-up…
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