Posts by Stephanie Irvin
US: Wall Street rises at the open as retail sales fail to dampen rate-cut hopes
WALL Street’s main indexes opened higher on Tuesday (Jul 16) as bets continued for a September interest-rate cut by the Federal Reserve, even as strong retail sales data signalled a resilient US economy. The Dow Jones Industrial Average rose 52.06 points, or 0.13 per cent, at the open to 40,263.78. The S&P 500 opened higher…
Read MoreVirgin Atlantic pulls out of China, axes Heathrow-Shanghai route
VIRGIN Atlantic Airways is suspending flights between London Heathrow and Shanghai from October, abandoning the only route it operates to China because of the high cost associated with avoiding Russian air space. Halting of the London Heathrow-Shanghai route – a service it has operated since 1999 – further reduces the airline’s Asia-Pacific links after Virgin…
Read More🎮 Navigating the gaming space as a Gen Z
👾 Who says gaming is child’s play? In many ways, gaming is like any other hobby – an avenue to destress from work or schooling life and make connections within a like-minded community. Just like how someone can get healthy from playing a sport regularly or feel more rejuvenated after an art class or pottery…
Read MoreWhy Income investors are finding it hard to cash out
COMPARED to buying or selling stocks on the Singapore Exchange, the process of transacting shares in a public non-listed company can be a little more daunting and complex. This is also why shareholders of Income Insurance have been raising questions on how to liquidate their investment in the company of late. Formerly known as NTUC…
Read MoreChina cooking oil scandal stokes food safety fears
REVELATIONS that cooking oil has been transported in containers also used to carry fuel have sparked outrage in China, the latest scandal in a country where fears about food safety are widespread. Local state-backed outlet the Beijing News last week published an investigation into what it called an “open secret” in the transportation industry. The…
Read MoreChina building more wind, solar capacity than rest of world combined: report
CHINA is building almost twice as much wind and solar energy capacity as every other country combined, research published on Thursday showed. The world’s second-largest economy is the biggest emitter of the greenhouse gases that drive climate change. China has committed to bring carbon emissions to a peak by 2030 and to net zero by…
Read MoreGreta Minerals Secures Lithium & REE Assets in Western Australia
SINGAPORE — Jul 11, 2024 — Greta Minerals PTE Ltd, part of the Greta Group – a Singapore based company – has successfully acquired Lithium and REE exploration assets in Western Australia. This marks a significant milestone in Greta Groups’ growth strategy, enhancing its portfolio and expanding its operational footprint in Australia. They now hold…
Read MoreHot stock: V2Y surges 33.3% on proposed placement to raise S$2 million
SHARES of V2Y Corporation rose as much as 33.3 per cent on Thursday (Jul 11) morning, after it proposed to raise S$2 million by issuing a total of 135.1 million new ordinary shares at S$0.0148 apiece. The counter was up S$0.005 to S$0.02 with 3.2 million shares having changed hands when the market opened, after a…
Read MoreSingapore shares rally at Thursday’s open; STI up 0.6%
SINGAPORE equities gained steadily at the opening bell on Thursday (Jul 11), mirroring strong overnight gains in global markets. The Straits Times Index (STI) rose 18.97 points or 0.6 per cent as at 9.01 am. Across the broader market, gainers outnumbered losers 74 to 24 after 49.3 million securities worth S$63.2 million changed hands. Shares…
Read MoreKeppel DC Reit and sponsor acquire Tokyo data centre for 23.4 billion yen
Keppel DC Real Estate Investment Trust (Keppel DC Reit) and its sponsor Keppel are jointly acquiring a 100 per cent interest in a shell and core data centre in Tokyo, Japan, named Tokyo Data Centre 1. The total purchase consideration of 23.4 billion yen (S$195.3 million) stands at a 2.5 per cent discount to the…
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