Posts by Stephanie Irvin
Global banks may push back on RBI’s offshore swap reporting plan
Bankers have held discussions through global financial market industry associations, which are expected to submit formal feedback to the central bank by the Jul 7 deadline, the sources say Published Mon, Jun 30, 2025 · 01:45 PM [MUMBAI] Global lenders plan to ask India’s central bank to soften a plan requiring them to report offshore…
Read MoreThai coconut water maker IFBH’s shares jump in Hong Kong debut
[HONG KONG] Shares of Thai coconut-water maker IFBH rose as much as 67 per cent on their first day of trading in Hong Kong following a HK$1.16 billion (S$188 million) initial public offering (IPO), the latest sign of renewed vigour in the city’s equity capital market. The stock jumped to as high as HK$46.50 in…
Read MoreWhat traders have gotten wrong in 2025
[LONDON] Six months since Wall Street laid out its predictions for 2025, world conflicts and US President Donald Trump’s turbulent policy making have shattered assumptions about the strength and pre-eminence of US assets and the economy, leaving market favourites in tatters and conjuring unexpected winners. As foreseen: swings in sovereign bond markets have been sharp,…
Read MoreMeta spending big on AI talent but will it pay off?
[NEW YORK] Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree. OpenAI boss Sam Altman recently lamented that Meta has offered US$100 million bonuses to engineers who jump to Zuckerberg’s ship, where hefty salaries…
Read MoreApple supplier Lens Technology seeks up to HK$4.8 billion in Hong Kong listing
The Shenzhen-listed company expects the shares to start trading in Hong Kong on Jul 9 Published Mon, Jun 30, 2025 · 08:28 AM [HONG KONG] Lens Technology, a supplier to Apple, is seeking to raise as much as HK$4.8 billion (S$780 million) in a Hong Kong listing, the latest Chinese company to seek a second…
Read MoreChina fund beats 97% of peers by buying Pop Mart, dumping Moutai
[HONG KONG] A 30-year-old Chinese fund manager is trouncing peers this year with a portfolio stocked with Gen Z-favoured names such as Pop Mart International Group, betting that new-age shopping trends can help his fund overcome the country’s economic sluggishness. Xie Tianyuan’s Penghua Selected Return Flexible Allocation Mixed Fund has returned 24 per cent this…
Read MoreChina fund beats 97% of peers by buying Pop Mart, dumping Moutai
[HONG KONG] A 30-year-old Chinese fund manager is trouncing peers this year with a portfolio stocked with Gen Z-favoured names such as Pop Mart International Group, betting that new-age shopping trends can help his fund overcome the country’s economic sluggishness. Xie Tianyuan’s Penghua Selected Return Flexible Allocation Mixed Fund has returned 24 per cent this…
Read MoreAustralia cuts commodity export outlook despite gold price gain
Earnings from thermal coal will also decline, while its steelmaking counterpart will hold steady Published Mon, Jun 30, 2025 · 06:30 AM [MELBOURNE] Australia cut its forecast earnings from commodity exports, as a meteoric rise in gold prices fails to offset weakness in iron ore and natural gas. Total resource and energy export earnings fell…
Read MoreNvidia insiders sell over US$1 billion in stock amid market surge
The chipmaker’s stock hit a record on Jun 25, and it reclaimed the crown as the world’s most valuable company Published Sun, Jun 29, 2025 · 04:08 PM NVIDIA insiders sold over US$1 billion worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalise on surging…
Read MoreReits and tech lead net institutional inflows; Frencken chair and DHLT CEO raise their stakes
[SINGAPORE] Over the five trading sessions from Jun 20 to 26, institutions remained net sellers of Singapore stocks, with net institutional outflow of S$248 million following the S$74 million net outflow for the preceding five sessions. Net institutional outflow for the year to Jun 26 now stands at S$2.16 billion, driven by S$2.73 billion of…
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