Posts by Stephanie Irvin
The rise and fall of New Silk Road, one of the longest-running hedge funds in Singapore
[SINGAPORE] Investment management firm New Silk Road announced earlier in July that it will be closing its doors after a 16-year run in Asia. Based in Singapore, it is one of the longest-running hedge funds in the city-state. It is the investment manager of the Asia Landmark Fund, which has onshore and offshore investment structures…
Read MoreSony buys stake in ‘Gundam’ owner to grow anime business
Published Fri, Jul 25, 2025 · 11:34 AM [TOKYO] Sony has bought a strategic 2.5 per cent stake in Japanese game franchise giant Bandai Namco, which owns Gundam and arcade classic Pac-Man, with a view to growing its anime business. Booming global appetite for Japanese animation has become a money-spinner for Sony, which acquired online…
Read MoreGoogle parent Alphabet surprises with capital spending boost after earnings beat
ALPHABET on Wednesday cited massive demand for its cloud computing services as it hiked its capital spending plans for the year to about US$85 billion and predicted a further increase next year. The search giant strongly beat Wall Street estimates for quarterly revenue and profit on the back of new AI features and a steady…
Read MoreMoody’s profit tops estimates in sign of credit market’s rebound
Moody’s adjusted earnings per share of US$3.56 topped analysts’ forecasts of US$3.38 Published Wed, Jul 23, 2025 · 10:19 PM [WASHINGTON] Moody’s, a bond grader and financial data provider, reported second-quarter revenue that beat analysts’ estimates, underscoring credit markets’ relatively quick recovery from April’s tariff-fuelled tumult. Moody’s adjusted earnings per share of US$3.56 topped analysts’…
Read MoreTally of Microsoft victims surges to 400 as hackers capitalise on SharePoint flaw
[WASHINGTON] The number of companies and organisations compromised by a security vulnerability in Microsoft’s SharePoint servers is increasing rapidly, with the tally of victims soaring more than six-fold in a few days, according to one research firm. Hackers have breached about 400 government agencies, corporations and other groups, according to estimates from Eye Security, the…
Read MoreMapletree Logistics Trust posts 12.4% fall in Q1 DPU to S$0.01812
The decline is due to the absence of one-off divestment gains and impact of weaker regional currencies [SINGAPORE] Mapletree Logistics Trust’s (MLT) distribution per unit fell 12.4 per cent to S$0.01812 for the first quarter ended June, from S$0.02068 in the previous corresponding period. Its manager on Wednesday (Jul 23) attributed the decline in DPU…
Read MoreMPACT to dispose two office buildings in Japan for 8.7 billion yen
Move is not expected to have a material impact on the trust’s net asset value as at Mar 31, 2026 [SINGAPORE] Mapletree Pan Asia Commercial Trust (MPACT) is divesting two office buildings in Japan for 8.7 billion yen (S$78.7 million). The consideration represents a 1.7 per cent premium against the aggregate purchase price of…
Read MoreDigital Core Reit H1 DPU unchanged at US$0.018
[SINGAPORE] The manager of Digital Core Real Estate Investment Trust (Reit) on Wednesday (Jul 23) posted a distribution per unit (DPU) of US$0.018 for the first half ended June 30, 2025. This was unchanged from the same period a year ago, even as the Reit’s distributable income rose 3.5 per cent to US$23.4 million, from…
Read MoreUBS loses EU fight over Credit Suisse’s role in ‘Sterling Lads’, but fine cut sharply
The tribunal cut the amount of the fine from 83.2 million euros to 28.9 million euros Published Wed, Jul 23, 2025 · 04:56 PM [BRUSSELS] UBS Group lost the crux of its case against European Union regulators over Credit Suisse Group’s involvement in a foreign-exchange price fixing cartel – but defeat was sweetened after judges…
Read MoreBOJ sees trade deal as raising chance of meeting inflation goal
[TOKYO] Japan’s trade deal with the US has reduced uncertainty surrounding the economy, the central bank’s deputy governor Shinichi Uchida said, signalling optimism that conditions for resuming interest rate hikes may start to fall in place. Uchida’s remark came hours after US President Donald Trump announced a trade deal with Tokyo that cuts tariffs on…
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