Posts by Stephanie Irvin
Toyota crashes Indonesia’s used-car party with $120m bet
It’s an alliance everyone saw coming. After decades of dominating Indonesia’s automotive industry, Toyota and Astra are joining forces for the country’s used-car market. The Japanese automaker shelled out US$120 million for a 40% stake in Astra Digital Mobil, giving it part ownership of used-car marketplaces OLX and OLXmobbi. The deal comes as Indonesia’s economic struggles hit…
Read MoreJensen Huang starts selling Nvidia stock under US$865 million plan
Published Tue, Jun 24, 2025 · 10:05 AM NVIDIA Corp chief executive officer Jensen Huang has started selling the chipmaker’s stock, his first transactions under a plan that allows him to offload up to US$865 million worth by year’s end. Huang disposed of 100,000 shares over a two-day period of June 20 and June 23…
Read MoreStoneweg European Business Trust invests 50 million euros in fund with early-stage data centre sites
They will be 225 hectares in total size located in Ireland, Spain, Italy, and Denmark [SINGAPORE] Stoneweg European Business Trust announced on Tuesday (Jun 24) that it has made a 50 million euros (S$74.4 million) investment in the Stoneweg Icona data-centre fund. The data centre portfolio comprises interests in four early-stage data centre development sites…
Read MoreUS Fed official says open to July interest rate cut
[WASHINGTON] A key US central bank official called on Monday for an interest rate cut as early as July if inflation effects from President Donald Trump’s sweeping tariffs remain limited. The comments by Federal Reserve vice-chair for supervision Michelle Bowman came days after Fed governor Christopher Waller also said the bank could lower rates as…
Read MoreUS: Stocks rally as crude prices fall sharply
Published Tue, Jun 24, 2025 · 06:12 AM [NEW YORK] Wall Street stocks rose on Monday as markets shrugged off Iran’s response to the weekend US military strike while petroleum-related equities plummeted with crude prices. Iran announced it had launched missiles at a major US base in Qatar, with explosions ringing out in Doha and projectiles seen…
Read MoreMAS turns down ex-NTUC Income CEO’s request to meet chairman Gan Kim Yong over Allianz matter
[SINGAPORE] The Monetary Authority of Singapore (MAS) said on Monday (Jun 23) that it has rejected former NTUC Income chief executive Tan Suee Chieh’s request to meet chairman Gan Kim Yong or a senior MAS representative over the proposed transaction by German insurer Allianz to buy a controlling stake in NTUC Income. This was in response…
Read MoreJapanese megabanks weigh Middle East evacuations, JPMorgan limits travel
[TOKYO/NEW YORK] Several major Japanese banks are considering evacuating staff from the Middle East and Wall Street giant JPMorgan has restricted employee travel in the region as tensions escalate. The US entered the war against Iran over the weekend with strikes against three key nuclear sites, joining Israel’s military campaign to cripple Teheran’s nuclear capabilities.…
Read MoreUS: Wall Street indices open muted as investors await Teheran’s response to US strikes
Published Mon, Jun 23, 2025 · 09:46 PM [NEW YORK] Wall Street’s main indices opened subdued on Monday (Jun 23) as investors awaited Iran’s possible response to US airstrikes on its nuclear facilities over the weekend, sparking fears of a broader conflict in the Middle East. The Dow Jones Industrial Average fell 28.3 points, or…
Read MoreStellantis shares fall as new CEO avoids big shake-up of top jobs
[MILAN] Stellantis new CEO Antonio Filosa started his tenure on Monday (Jun 23) by retaining his previous role as head of the key North American market, while avoiding major changes to the French-Italian automaker’s senior management team. Stellantis shares were briefly suspended at the open, after they fell more than 5 per cent. They were…
Read MoreSingapore stocks fall amid mixed regional trading following US strikes on Iran
[SINGAPORE] Local stocks ended lower on Monday (Jun 23) amid a mixed trading session in the region, after the US launched strikes on three of Iran’s nuclear facilities over the weekend. The benchmark Straits Times Index (STI) fell 0.1 per cent or 4.17 points to 3,879.26. Across the broader market, losers beat gainers 269 to…
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