Posts by Stephanie Irvin
SGX CEO Loh Boon Chye’s pay rises 3.3% to S$7.82 million in FY2025
This follows record high earnings and revenue for the local bourse operator in FY2025 [SINGAPORE] Singapore Exchange (SGX) chief executive officer Loh Boon Chye got a 3.3 per cent pay boost for the latest financial year, the bourse operator’s 2025 annual report released on Monday (Sep 15) showed. This comes after the SGX posted record…
Read MoreMarkets gear up for series of Fed cuts with bullish bets at risk
Markets have also priced in reductions continuing deep into 2026 to ward off a recession [NEW YORK] A key question for investors this week is whether US Federal Reserve officials push back against market bets on a series of interest-rate cuts extending into next year. A quarter-point reduction is seen as a sure thing when…
Read MoreBrookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Denver-based Yes! manages tens of thousands of factory-built affordable homes in the US [SINGAPORE] Brookfield Asset Management is in talks to acquire Yes! Communities from Singapore’s GIC in a deal valued at more than US$10 billion, the Financial Times reported on Sunday (Sep 14). Brookfield has been negotiating the acquisition for months, but no agreement…
Read MoreKingsmen Creatives chair and deputy chair build stakes
During the five sessions from Sep 5 to 11, 15 primary-listed companies made share buybacks with a total consideration of S$43 million [SINGAPORE] Over the five trading sessions from Sep 5 to 11, institutions were net buyers of Singapore stocks, with net institutional inflow of S$11.1 million, adding to the S$42 million in net institutional…
Read MoreHedge funds slash bullish oil bets to lowest ever amid Opec hike
[NEW YORK] Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that the world is heading towards an oil surplus this year. Money managers cut their net-long stance on West Texas Intermediate by 14,630 lots to 12,657 lots…
Read MoreBusiest IPO week since 2021 mints US$4 billion for 6 newcomers
[NEW YORK] The initial public offering (IPO) market kicked into high gear this week, with sextet of deals raising more than US$4 billion in the busiest period since 2021. While five of the six initial public offerings worth at least US$290 million priced above their marketed ranges, subsequent performances were mostly uninspiring – a sign of…
Read MoreWhy The National Anthem Still Matters Today
Recently, I found myself reflecting on the opening lines of our national anthem. “Oh, say can you see by the dawn’s early light, what so proudly we hailed at the twilight’s last gleaming.” These words, written over 200 years ago, still resonate with me in profound ways. As an entrepreneur who has built and sold…
Read MoreOpenAI to share 8% of its revenue with Microsoft, partners, The Information reports
[BENGALURU] OpenAI has projected that by the end of the decade it will be sharing about 8 per cent of its revenue with commercial partners, namely Microsoft, down from the current 20 per cent, The Information reported on Friday (Sep 12). The difference between those figures adds up to more than US$50 billion in additional…
Read MoreDrugmakers fall on report US to claim Covid shot killed kids
[WASHINGTON] Vaccine makers’ shares fell after a report that US President Donald Trump health officials plan to link Covid shots to the deaths of around two dozen children in a presentation to advisers to the Centers for Disease Control and Prevention (CDC) next week. The Washington Post reported Friday (Sep 12) that a group of…
Read MoreGunvor hires Singapore specialists as it expands precious metals business into physical trading
[LONDON] Global commodity trading house Gunvor is expanding its precious metals business from trading derivatives into physical metal and has hired specialists in the London and Singapore trading hubs, the company told Reuters. Gunvor’s expansion in the sector coincides with a rally that has seen gold prices rise twofold since late 2022, as investors sought…
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