Posts by Stephanie Irvin
BOJ to slow pace of bond taper next year as fresh risks emerge
[TOKYO] The Bank of Japan kept interest rates steady on Tuesday and decided to decelerate the pace of its balance sheet drawdown next year, signaling its preference to move cautiously in removing remnants of its massive, decade-long stimulus. The decision came as an escalating Middle East conflict and US tariffs complicate the BOJ’s task of…
Read MoreRise in ‘harmful content’ since Meta policy rollbacks: survey
[WASHINGTON] Harmful content including hate speech has surged across Meta’s platforms since the company ended third-party fact-checking in the United States and eased moderation policies, a survey showed Monday. The survey of around 7,000 active users on Instagram, Facebook and Threads comes after the Palo Alto company ditched US fact-checkers in January and turned over…
Read MoreStocks to watch: SIA, Q&M Dental Group
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 17): Singapore Airlines (SIA): The national carrier and its low-cost arm Scoot reported a 3.1 per cent year-on-year increase in passenger traffic in May, which eased from the previous month’s growth, according to its operating results on Monday. This…
Read MoreSoftBank seeks to raise US$4.9 billion in T-Mobile share sale
Published Tue, Jun 17, 2025 · 07:20 AM [NEW YORK] SoftBank Group is seeking to raise as much as US$4.9 billion in an unregistered overnight block sale of T-Mobile US shares, according to terms of the deal seen by Bloomberg News. The Japanese technology giant is offering 21.5 million shares for US$224 to US$228 each,…
Read MoreOil prices fall US$1 per barrel on reports Iran seeks truce with Israel
[NEW YORK] Oil prices slipped $1 per barrel on Monday in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region. Brent crude futures settled US$1, or 1.35 per cent, lower to US$73.23 a barrel.…
Read MoreSIA, Scoot passenger traffic growth eases to 3.1% in May
[SINGAPORE] National carrier Singapore Airlines (SIA) and its low-cost arm Scoot reported a 3.1 per cent year-on-year increase in passenger traffic in May, easing from the previous month’s growth, its operating results showed on Monday (Jun 16). In April, passenger traffic grew 4.8 per cent year on year, driven partly by the Easter holidays, SIA…
Read MoreChow Tai Fook Jewellery upsizes convertible to HK$8.8 billion
[HONG KONG] Henry Cheng’s Chow Tai Fook Jewellery Group has increased the size of its convertible bond sale to HK$8.8 billion (S$1.4 billion), according to sources familiar with the matter, making it potentially one of Hong Kong’s biggest this year. The bonds due in 2030 are poised to be priced with a 0.375 per cent…
Read MoreGoh Jin Hian judgement clarifies scope of directors’ duties, notes observers as ruling says directors should be a ‘sentinel’, not a ‘sleuth’
[SINGAPORE] Former Inter-Pacific Petroleum (IPP) non-executive director Goh Jin Hian’s recent win in his appeal in the Appellate Division of the High Court has given “welcome relief” to other company directors with its clarification of the scope of directors’ duties. The High Court in a judgement on Jun 5 overturned a previous ruling requiring Goh…
Read MoreSingapore shares fall on Monday amid escalating Israel-Iran conflict; STI down 0.1%
[SINGAPORE] Stocks on the local bourse ended slightly lower on Monday (Jun 16), in contrast to gains across most key regional indices, against the backdrop of escalating tensions between Israel and Iran. The benchmark Straits Times Index (STI) slid 0.1 per cent or 2.96 points to 3,908.46. Across the broader market, gainers beat losers 246…
Read MoreTotalEnergies to double stake in Malaysian gas assets, CEO says
Published Mon, Jun 16, 2025 · 05:12 PM [KUALA LUMPUR/PARIS] French energy giant TotalEnergies has doubled its stake in Malaysian gas assets, to better meet the growing energy demands of its customers in Asia, CEO Patrick Pouyanne said on Monday (Jun 16). “We produce gas, and this afternoon we’ll announce a new deal to double…
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