Posts by Stephanie Irvin
India’s hopes for Tesla investment cool as Elon Musk ceases contact
INDIA does not expect Tesla to move forward with an investment in the country any time soon after executives at Elon Musk’s electric vehicle (EV) maker stopped contacting them, according to sources familiar with the matter. Musk’s team has not made any further inquiries with officials in New Delhi after the billionaire postponed a visit…
Read MoreLondon Metal Exchange second-quarter trading volumes surge to a 10-year high
TRADING volumes on the London Metal Exchange (LME) surged 27 per cent in the second quarter to the highest in a decade, with a sharp increase in the LME’s nickel contract leading activity gains across its major metals. The latest performance marks a dramatic turnaround for the London exchange, which had grappled with a yearslong…
Read MoreIT services company Alpha Data plans US$200 million Abu Dhabi IPO
The digital transformation provider offers technologies such as security and network infrastructure UNITED Arab Emirates-based IT services company Alpha Data is planning an initial public offering (IPO) in Abu Dhabi, according to people familiar with the matter. The company is working with EFG Hermes and Emirates NBD Capital on the potential share sale which could…
Read More39 fall ill in gas leak at Malaysia airport facility
A gas leak on Thursday (Jul 4) at an engineering section of Kuala Lumpur’s international airport saw 39 people fall ill, a Malaysian emergency services official said. “A total of 39 victims suffered from dizziness and nausea,” local rescue officer Muhammad Nur Khairi Samsumin said in a statement. He added that 24 victims were discharged,…
Read MoreJapan’s Topix hits all-time high, closing above 1989 record
JAPAN’S Topix stock index powered past its bubble-era peak on Thursday (Jul 4), closing at a fresh record high as buying momentum spread beyond a narrow set of stocks, underscoring the firm foundations of the rally. The broad-based benchmark ended the day 0.9 per cent higher at 2,898.47, soaring above the previous all-time high set…
Read MoreSingapore stocks rise in tandem with regional indices; STI up 0.7%
ThaiBev is the biggest gainer on the blue-chip index; Yangzijiang Shipbuilding charts the biggest drop SINGAPORE stocks rose on Thursday (Jul 4), tracking gains by regional indices. The benchmark Straits Times Index (STI) rose 0.7 per cent or 24.37 points to 3,439.88. Across the broader market, gainers outweighed losers 360 to 214, after 1.4 billion…
Read MoreJapanese insurers, banks to sell Honda shares worth US$3.3 billion, filing shows
The move is to unwind cross-shareholdings which can lead to lax governance by protecting management from shareholders Japanese financial groups including Tokio Marine, Sompo and two MS&AD units will sell Honda Motor shares worth US$3.3 billion to unwind cross-shareholdings, a regulatory filing showed on Thursday (Jul 4). Mitsubishi UFJ and Mizuho, Japan’s first- and third-largest…
Read More📈 How much do you need to start investing?
💼 The case for investing It takes money to make money. I never quite understood that saying when I was younger – until I learnt about investing. If you invested S$10,000 for a year, you’d get back S$700 based on a very realistic 7 per cent annual return. But suppose your rich parents gave…
Read MoreFrasers Hospitality aims to add 20 properties over four years, including 9 opening in China, Vietnam
FRASERS Hospitality is aiming to add 20 properties to its portfolio over the next four years as it continues to ride on the post-pandemic recovery trajectory. On Thursday (Jul 4), the strategic business unit of Frasers Property said this includes nine properties scheduled to open in the next two years across China and Vietnam. Under…
Read MoreLatest Singapore 6-month T-bill offering 3.7% cut-off yield
Demand is up slightly with S$15.6 billion in applications for the S$6.5 billion on offer THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 3.7 per cent, according to auction results released by the Monetary Authority of Singapore on Thursday (Jul 4). Cut-off yield is down from the 3.74 per cent…
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