Posts by Stephanie Irvin
Best performing S-Reits post double-digit total returns in H1
[SINGAPORE] The S-Reit sector delivered a stable performance in the first half of 2025, with the iEdge S-Reit index gaining 0.6 per cent to 1,010.73 as at Thursday (Jun 26), and dividends taking the index total returns to 3.2 per cent for the period. More than half the 30 constituents on the iEdge S-Reit index…
Read MoreOpenAI turns to Google’s AI chips to power its products: source
Published Sun, Jun 29, 2025 · 08:00 AM [SAN FRANCISCO] OpenAI recently began renting Google’s artificial intelligence (AI) chips to power ChatGPT and its other products, a source close to the matter told Reuters on Friday (Jun 27). The ChatGPT maker is one of the largest purchasers of Nvidia’s graphics processing units (GPUs), using the…
Read MoreHong Kong-listed China Medical System seeks secondary listing on SGX
[SINGAPORE] Hong Kong-listed China Medical System (CMS) is seeking a secondary listing on the mainboard of the Singapore Exchange (SGX) in July this year. CMS is a specialty pharma with a focus on sales and marketing in China, with capabilities across the full lifecycle of drug development, from identifying clinical needs to research and development…
Read MoreHong Kong’s sixfold jump in share sales drives boom year in Asia
[HONG KONG] Hong Kong’s having a banner year as it marches towards becoming the second-largest market globally for share sales for the first time since 2012. Proceeds from listings and additional share sales in the Asian financial hub in the first half have reached about US$33 billion, poised for a sixfold jump from a year…
Read MoreElon Musk says first Tesla drove itself from factory to customer
Published Sat, Jun 28, 2025 · 09:51 AM [AUSTIN] Tesla chief executive Elon Musk said a Tesla Model Y SUV drove itself from the company’s factory near Austin to a customer’s home in the company’s latest move to showcase its push into autonomous driving. In a post on X, Musk announced the company made an…
Read MoreUS: S&P 500, Nasdaq hit record closing highs amid trade negotiations, rate cut bets
[NEW YORK] Wall Street extended its rally on Friday (Jun 27), sending S&P 500 and Nasdaq to all-time closing highs as trade deal hopes fuelled investor risk appetite and economic data helped solidify expectations for rate cuts from the US Federal Reserve. Stocks pared gains after US President Donald Trump terminated trade negotiations with Canada…
Read MoreUS: S&P 500, Nasdaq touch record highs after tame inflation data
Published Fri, Jun 27, 2025 · 09:42 PM [NEW YORK] The S&P 500 and the Nasdaq opened at record highs on Friday (Jun 27) as a benign inflation report supported hopes for a dovish policy outlook from the US Federal Reserve this year. The Dow Jones Industrial Average rose 118.8 points, or 0.27 per cent,…
Read MoreCCCS okays Tamarind Health’s proposed acquisition of TalkMed
[SINGAPORE] The Competition and Consumer Commission of Singapore (CCCS) has cleared Tamarind Health’s proposed acquisition of tertiary healthcare service provider TalkMed Group on Friday (Jun 27). The competition watchdog assessed that the proposed transaction will not substantially lessen competition within the Singapore market. TW Troy, a special purpose vehicle managed by Tamarind Health, proposed to…
Read MoreUnilever to pay US$1.5 billion for men’s grooming brand Dr Squatch
The deal was announced earlier this week by all three parties, without disclosing financial details Published Fri, Jun 27, 2025 · 04:28 PM [LONDON] Unilever is paying US$1.5 billion to buy men’s personal care brand Dr Squatch from private-equity firm Summit Partners, the Financial Times reported on Friday (Jun 27), citing sources. The deal was…
Read MoreThailand central bank vows to step in if baht moves are unhinged
[BANGKOK] Thailand’s central bank is ready to tackle excessive baht volatility by managing any moves “unhinged” from its fundamentals, a deputy governor said, amid calls from local businesses to temper the currency’s rally to help exports and tourism. “We do look at the baht closely and try not to let it be too volatile,” Piti…
Read More