Posts by Stephanie Irvin
Gold prices flat as fragile Iran-Israel ceasefire tempers safe-haven demand
[BENGALURU] Gold prices held their ground on Wednesday (Jun 25) as a tentative ceasefire between Iran and Israel dampened safe-haven demand, though a weaker US dollar and bargain-hunting after bullion’s decline in the previous session helped limit losses. Spot gold was unchanged at US$3,326.39 per ounce, as at 0042 GMT, after hitting an over two-week…
Read MoreStocks to watch: Sembcorp Industries, ST Engineering, Frasers Centrepoint Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 25): Sembcorp Industries: The company’s wholly owned subsidiary, Sembcorp Financial Services, announced the issuance of S$300 million notes under its S$5 billion Euro Medium Term Note programme established in July 2023. The fixed rate guaranteed notes are priced at…
Read MoreTarget explores factory-direct shipping model used by Temu
[CHICAGO] Target is testing the delivery of products directly to customers’ homes from factories, said sources familiar with the matter, an effort by the big-box retailer to launch a service similar to the Chinese e-commerce platforms Temu and Shein. The company is seeking to broaden its range of low-cost offerings through the initiative, said the…
Read MoreDaiwa plans 100 billion yen real estate fund as Japan market booms
[TOKYO] Daiwa Securities Group plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan’s booming property market. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings, and fund manager Hillhouse Investment, according to Daiwa’s Masatsugu Oishi. It aims to raise 100 billion yen (S$883 million) via…
Read MoreOil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk
[NEW YORK] Oil prices fell 6 per cent on Tuesday (Jun 24) to settle at a two-week low, on expectations the ceasefire between Israel and Iran will reduce the risk of oil supply disruptions in the Middle East. The ceasefire was on shaky ground with US President Donald Trump accusing both Israel and Iran of…
Read MoreIncome Insurance to explore other share liquidity options after scuppered Allianz deal: departing chairman Ronald Ong
[SINGAPORE] Income Insurance is “keeping its options open” over various share liquidity options, which could include a share-buyback programme, said its retiring chairman Ronald Ong at the insurer’s annual general meeting (AGM) on Tuesday (Jun 24). He reiterated that if German insurer Allianz’s proposed offer in July 2024 to buy a majority stake in Income…
Read MoreBig US banks expected to ace stress tests, boost dividends
[NEW YORK] The biggest US lenders are expected to clear the Federal Reserve’s annual health check this year, showing they have ample capital that can be used to boost dividends, analysts said. The results of the central bank’s so-called “stress tests” on Friday (Jun 27) will determine how much cash lenders would need to hold…
Read MoreIndonesia’s sovereign wealth fund Danantara loans US$405 million to flag carrier Garuda
Garuda will receive about US$111 million of the funding, with the remainder going to Citilink for maintenance of about 15 grounded jets Published Tue, Jun 24, 2025 · 05:33 PM [JAKARTA] Indonesian sovereign wealth fund Danantara will extend a US$405 million loan to Garuda Indonesia to help the distressed flag carrier turn around finances and…
Read MoreToyota 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…
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