Posts by Stephanie Irvin
Elon 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 MoreHSBC 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…
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