Posts by Stephanie Irvin
ComfortDelGro, RATP consortium pre-qualifies for Copenhagen Metro bid
[SINGAPORE] KBH Metro Partner, a consortium formed by ComfortDelGro (CDG) and RATP Dev, has been officially pre-qualified to bid for the upcoming operations and maintenance contract for the Copenhagen Metro. The bid to operate and maintain the Copenhagen Metro will be the third collaboration between CDG and RATP. The two companies previously collaborated on Singapore’s…
Read MoreFTC scrutinises Ticketmaster efforts to stop resale bots
The company’s industry dominance has long been targeted by fans, artists, regulators and lawmakers, dating back to the 1990s [SAN FRANCISCO] Live Nation’s Ticketmaster is being probed by the US Federal Trade Commission (FTC) over whether it’s done enough to keep bots from illegally reselling tickets on its platform. The investigation is focused on Ticketmaster’s…
Read MoreUS: Wall Street opens higher as Fed meeting week begins; Tesla climbs
[NEW YORK] Wall Street indexes opened slightly higher on Monday (Sep 15), setting the stage for a week dominated by the Federal Reserve’s policy meeting, while Tesla shares gained following CEO Elon Musk’s stock purchase. The Dow Jones Industrial Average rose 14.2 points, or 0.03 per cent, at the open to 45,848.39. The S&P 500…
Read MoreChina says preliminary probe shows Nvidia violated anti-monopoly law
CHINA’S market regulator on Monday (Sep 15) said that a preliminary investigation had found that US chip giant Nvidia had violated the country’s anti-monopoly law. The brief statement from the State Administration for Market Regulation (SAMR) did not elaborate on how the US company, known for its artificial intelligence and gaming chips, might have violated…
Read MoreSydney Airport unveils terminal expansion to meet passenger jump
[CANBERRA] Sydney Airport, Australia biggest aviation hub, proposed a long-term overhaul of domestic and international terminal operations to cope with an expected 75 per cent increase in passengers in the next 20 years. A draft of the airport’s Master Plan 2045, unveiled on Monday (Sep 15), includes wide-ranging infrastructure, airfield and freight upgrades at Australia’s…
Read MoreSGX CEO Loh Boon Chye’s pay rises 3.3% to S$7.82 million in FY2025
This follows record high earnings and revenue for the local bourse operator in FY2025 [SINGAPORE] Singapore Exchange (SGX) chief executive officer Loh Boon Chye got a 3.3 per cent pay boost for the latest financial year, the bourse operator’s 2025 annual report released on Monday (Sep 15) showed. This comes after the SGX posted record…
Read MoreMarkets gear up for series of Fed cuts with bullish bets at risk
Markets have also priced in reductions continuing deep into 2026 to ward off a recession [NEW YORK] A key question for investors this week is whether US Federal Reserve officials push back against market bets on a series of interest-rate cuts extending into next year. A quarter-point reduction is seen as a sure thing when…
Read MoreBrookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Denver-based Yes! manages tens of thousands of factory-built affordable homes in the US [SINGAPORE] Brookfield Asset Management is in talks to acquire Yes! Communities from Singapore’s GIC in a deal valued at more than US$10 billion, the Financial Times reported on Sunday (Sep 14). Brookfield has been negotiating the acquisition for months, but no agreement…
Read MoreKingsmen Creatives chair and deputy chair build stakes
During the five sessions from Sep 5 to 11, 15 primary-listed companies made share buybacks with a total consideration of S$43 million [SINGAPORE] Over the five trading sessions from Sep 5 to 11, institutions were net buyers of Singapore stocks, with net institutional inflow of S$11.1 million, adding to the S$42 million in net institutional…
Read MoreHedge funds slash bullish oil bets to lowest ever amid Opec hike
[NEW YORK] Hedge funds chopped their bullish position on US crude to the lowest on record as the Opec+ alliance’s latest decision to boost production compounded already-gloomy forecasts that the world is heading towards an oil surplus this year. Money managers cut their net-long stance on West Texas Intermediate by 14,630 lots to 12,657 lots…
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