Posts by Stephanie Irvin
HSBC private banking arm names new Apac head of wealth planning
Ann Ling brings more than two decades of financial services experience to the role, which she will assume on Jul 1 [SINGAPORE] HSBC Global Private Banking has appointed a new regional head of wealth planning and advisory for Asia-Pacific via an internal promotion. Ann Ling, who currently heads wealth planning for Hong Kong, the Philippines…
Read MoreSingapore semiconductor stocks soar, notch weekly surge on boost from domestic, global tailwinds
[SINGAPORE] Semiconductor listcos were trading higher on Friday (Jun 27) morning, notching double-digit gains over the week as a slew of domestic and global developments spelt potential tailwinds for the chip industry. A buoyant sector outlook, pushback against tariff threats and the opening of a S$123 million facility enabling Singapore to produce the chips were…
Read MoreSoftBank aims to become leading ‘artificial super intelligence’ platform provider
[TOKYO] SoftBank Group CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider for “artificial super intelligence” within the next 10 years. “We want to become the organiser of the industry in the artificial super intelligence era,” Son told shareholders at the group’s annual shareholder meeting. Son likened…
Read MoreMasayoshi Son hints at succession plan while chasing AI ambition
[TOKYO] Masayoshi Son acknowledged the outlines of a succession plan, addressing what may be the single biggest concern among investors, and name-checked the head of SoftBank Group’s telecom unit Junichi Miyakawa. Son said he plans to hold SoftBank’s reins another ten years, but added he has several candidates for its next chief in mind from…
Read MoreImpossible Foods aims to put plant-based burgers on European menus this year
IMPOSSIBLE FOODS hopes to add its plant-based burgers to European menus this year, bringing to a close a six-year quest to enter the world’s biggest market for meat alternatives. It would mark a major breakthrough for the Redwood City, California-based company as industry sales of plant-based meat substitutes shrink in its core American market. Before…
Read MoreStocks to watch: AEM, Aztech Global
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 27): AEM: The semiconductor test solutions provider raised its revenue guidance for its first half ending June to between S$185 million and S$195 million, up from an earlier range of S$155 million to S$170 million. The group on…
Read MoreNike profits sink but company says it is turning a corner
[NEW YORK] Nike reported sharply lower quarterly profits on Thursday, but signalled it was past the worst stage of a corporate retooling as it implements “surgical” US price increases to defray tariff costs. The Oregon-based sportswear company, beset with oversupply of merchandise that fell flat with consumers, reported profits of US$211 million in its fiscal…
Read MoreOil inches up on US demand strength; fading Middle East supply risks offset gains
[NEW YORK] Oil prices edged higher on Thursday as crude inventories in the United States fell on higher demand as summer driving season ramped up, while concerns over Middle East supply risks eased, offsetting some gains. Brent crude futures settled 5 cents, or 0.07 per cent, higher to US$67.73 a barrel. US West Texas Intermediate crude…
Read MoreWall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
[BENGALURU] Large US global banks can expect as much as US$6 trillion in additional balance sheet capacity and billions in freed up capital under a Federal Reserve plan to relax leverage rules, Wall Street brokerages estimated on Thursday (Jun 26). The US Fed unveiled a proposal on Wednesday that would overhaul how much capital large…
Read MoreS-E Asia’s e-commerce platform gross merchandise value growth rate eases: report
[SINGAPORE] South-east Asia’s total e-commerce platform gross merchandise value (GMV) grew at a slower rate of 12 per cent year on year in 2024, as the leading platforms focused on a more rational and sustainable trajectory. Despite decelerating from the 15.2 per cent growth in 2023, the e-commerce platform GMV rose to US$128.4 billion in 2024…
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