Posts by Stephanie Irvin
Singtel, SK Telecom to collaborate on next-gen solutions including 6G
SINGTEL has inked a memorandum of understanding (MOU) with South Korean mobile carrier SK Telecom (SKT) to collaborate on building next-generation networks over the next two years. The proposed tie-up will drive innovation, improve network performance and security, and deliver enhanced customer experiences, said Singtel in a press statement on Monday (Jul 8). SKT’s head…
Read MoreSingapore stocks decline at Monday’s open; STI down 0.2%
SINGAPORE shares edged lower at the opening bell on Monday (Jul 8), maintaining a downtrend from Friday’s closing in the prior week. As at 9.01 am, the Straits Times Index (STI) fell 5.77 points or 0.2 per cent to 3,405.04. Across the broader market, gainers outnumbered losers 73 to 52 after 35 million securities worth…
Read MoreStocks to watch: CapitaLand India Trust, Singapore Airlines, Asian Pay Television Trust
THE following companies saw new developments that may affect trading of their securities on Monday (Jul 8): CapitaLand India Trust (Clint): Fitch Ratings has assigned Clint a first-time long-term issuer default rating of “BBB-” amid a stable outlook, announced the trust on Monday. The rating came on the back of Clint’s “high-quality” portfolio of offices…
Read MoreSamsung union steps up pressure over pay with three-day strike
SAMSUNG Electronics workers are expected to walk off assembly lines on Monday (Jul 8), beginning the biggest organised labour action in the South Korean conglomerate’s half-century history. The largest union at the nation’s biggest company has spent the past few weeks preparing for the three-day walkout after negotiations over pay and vacation time collapsed last…
Read MoreSkydance is inching closer to nailing a deal for Paramount
DAVID Ellison inched closer to an acquisition of Paramount Global, the owner of MTV and CBS, as a special committee of the company’s board endorsed a merger with his Skydance Media, according to a source with knowledge of the matter. An agreement would end one of the messiest and most dramatic merger deals in recent…
Read MoreAspial Lifestyle aims to become a ‘consumer lifestyle powerhouse’
HIGHER interest rates may mean increased financing costs, but Aspial Lifestyle is not letting that hold back its ambitions to venture into new businesses.
Read MoreBaltic Exchange Shipping Insights
Capesize This week began on a positive note, with the BCI 5TC increasing significantly by $2,881 to reach $31,438. Early in the week, the Pacific market saw significant activity, with increased participation from all of the miners and rising rates. However, the latter part of the week experienced a downturn due to increased tonnage availability…
Read MoreNvidia gets rare downgrade on valuation concerns after rally
Nvidia’s breakneck rally since the start of last year has finally run out of room to push higher, according to New Street Research analyst Pierre Ferragu. Ferragu downgraded the artificial intelligence-focused (AI-focused) chipmaker to neutral from buy, writing that the stock is “getting fully valued” after soaring 154 per cent this year, on top of…
Read MoreUOL chairman Wee Ee Lim builds on his stake
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions through to Jul 4, with S$188 million of net institutional inflow, as 20 primary-listed companies conducted buybacks with a total consideration of S$23.6 million. CapitaLand Investment led the buyback consideration tally for the five-sessions, acquiring 5,970,400 shares at an average price of S$2.65…
Read MoreEurope: Shares fall on French election uncertainty
EUROPEAN shares fell on Friday (Jul 5), weighed down by losses in banks and energy stocks as investors became more cautious ahead of the second round of voting in French parliamentary elections. The pan-European Stoxx 600 index ended 0.2 per cent lower, after notching a more than one-week high early in the day. The index,…
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