Posts by Stephanie Irvin
AlphaSense to acquire Tegus for US$930 million
MARKET intelligence and search platform AlphaSense will acquire Tegus, a primary research platform for institutional investors, for US$930 million. The acquisition is expected to introduce Tegus’ breadth of private company and financial data to AlphaSense’s artificial intelligence and search capabilities, it announced on Tuesday (Jun 11). Tegus provides a library of expert research, which includes…
Read MoreEuro drops to a one-month low; US dollar firms ahead of key inflation test
THE euro dropped to a one-month low on Tuesday (Jun 11), with political concerns weighing as investors shifted focus to US inflation data and Federal Reserve interest rate forecasts. The single currency had lost ground on Monday, pressured by investor fears that gains by eurosceptics in European elections and the calling of a snap French…
Read MoreSingapore stocks fall as macroeconomic concerns weigh; STI down 0.4%
SINGAPORE shares ended lower on Tuesday (Jun 11) as investors held their breath before the release of US consumer price index data as well as the Federal Reserve’s meeting this week. The benchmark Straits Times Index (STI) fell 0.4 per cent or 12.87 points to 3,309.21. Across the broader market, losers beat gainers 332 to…
Read MoreSingapore 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…
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