Posts by Stephanie Irvin
Singapore to trial battery swapping and mobile charging for electric heavy goods vehicles
SINGAPORE will begin trials for battery charging and swapping and mobile charging systems for electric heavy goods vehicles (e-HGVs) in the second half of 2024, said the Land Transport Authority (LTA) on Tuesday (Jun 11). Dr Amy Khor, Senior Minister of State for Sustainability and the Environment, as well as Transport, said in a social…
Read MoreApac M&A falls to 11-year low in first 5 months of 2024: London Stock Exchange
THE mergers and acquisitions (M&A) activity in the Asia-Pacific (Apac) region has declined 26 per cent year on year to an 11-year low of US$179 billion between January and May 2024, despite a rise in global M&A activity. This was dragged down by a 25 per cent decline in China M&A activity compared with the…
Read MoreGold edges lower as traders eye US inflation data, Fed meeting
GOLD inched lower on Tuesday (Jun 11) as investors awaited US inflation data and the Federal Reserve’s policy announcement later in the week, after a stronger-than-expected payrolls report on Friday. Spot gold was down 0.2 per cent at US$2,306.38 per ounce, as at 0109 GMT. US gold futures fell 0.2 per cent to US$2,323.00. Bullion…
Read MoreToyota’s faulty certifications also breach UN rules
THE Japanese government has found that regulatory discrepancies in a number of Toyota Motor cars also breach United Nations standards adopted by 62 countries and regions, the Yomiuri reported on Tuesday (Jun 11) without attribution. While it’s unclear how regulators in each respective jurisdiction would respond, in theory, this means affected models could be ordered…
Read MoreSIA to compensate injured SQ321 passengers at least US$10,000 each for now
SINGAPORE Airlines (SIA) : C6L 0% is offering passengers injured on the turbulence-hit SQ321 flight individual compensation starting from US$10,000. In a Facebook post on Tuesday (Jun 11), the national flag carrier confirmed it sent out its offers of compensation to injured passengers on Jun 10. Passengers who sustained “minor injuries” from the May 21…
Read MoreVietnam to let companies import gold for first time in over a decade
VIETNAM is expected to allow companies to import gold for the first time in over a decade, as it aims to bridge the widening gap between local prices and international benchmarks, an industry official said. The Vietnam Gold Traders Association (VGTA) has been in protracted talks with the government over measures to correct the imbalance…
Read MoreStocks to watch: Seatrium, Kimly
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 11): Seatrium : 5E2 0%: A director of the offshore and marine giant, Lai Chung Han, will resign on Jun 30. On Monday, the company said Lai will be assuming appointment as the permanent secretary for development at the…
Read MoreAccess fully restored to key channel after Baltimore bridge debris removed
US FEDERAL agencies said on Monday they have restored full access for commercial maritime transit through the Port of Baltimore after the removal of 50,000 tons of debris from the March 26 collapse of the Key Bridge. The cargo ship Dali crashed into the Francis Scott Key Bridge in March in Baltimore, killing six people…
Read MoreGenerative AI to ‘transform’ gaming but at a cost, says Ubisoft CEO
GENERATIVE AI will profoundly change how video games are created and played, but its capital costs are a serious hurdle, said the chief of French gaming giant Ubisoft on Monday (Jun 10). Speaking at a Los Angeles event showcasing upcoming releases, Yves Guillemot said generative AI, or Gen AI, could make open-world games like Ubisoft’s…
Read MoreOil prices up 3% to one-week high on hopes of higher summer fuel demand
OIL prices climbed about 3 per cent to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger US dollar and expectations the US Federal Reserve will leave interest rates higher for longer. The Fed hiked interest rates aggressively in 2022 and 2023 to tame a surge in inflation.…
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