Posts by Stephanie Irvin
Air India crash latest test for new Boeing leadership
[NEW YORK] The devastating Air India crash seems certain to embroil Boeing in further rounds of negative headlines at a time when it has shown progress under new leadership. Shares of the American plane manufacturer finished down nearly five per cent on Thursday as the pope, King Charles and the president of India expressed sorrow over the Boeing 787…
Read MoreTemasek joins Microsoft, BlackRock and MGX to develop AI infrastructure
Temasek’s participation comes after the Kuwait Investment Authority joined earlier in June Published Thu, Jun 12, 2025 · 11:24 PM [SINGAPORE] Temasek has joined a consortium backed by Microsoft, BlackRock and tech investment company MGX to invest and expand artificial intelligence infrastructure, according to BlackRock’s investor day presentation slides on Thursday (Jun 12). The Singapore…
Read MoreDBS raises target price for Sheng Siong on steady earnings growth, margin superiority
[SINGAPORE] DBS Research Equity on Tue (Jun 10) raised its target price for Sheng Siong to S$2.30 from S$2 on the back of strong earnings growth and resilient margins despite a volatile macroeconomic environment. The brokerage also maintained a “buy” rating, with the revised target implying a 25 per cent upside from its last traded…
Read MoreDamage is done: China exports to US in May drops by most since Covid as trade flows reroute to Asean
[SINGAPORE] While the US and China seemed to have avoided a devastating economic conflict with a framework agreement on Wednesday (Jun 11) after two days of intense negotiations, damage to the world’s richest trading relationship has already been done. Based on figures from Trade Data Monitor, Chinese shipments to the US in May plummeted 34.4…
Read MoreSingapore shares rise as trade tensions between China and US ease; STI up 0.1%
Across the broader market, gainers beat losers 252 to 236 as 1.3 billion securities worth S$1.2 billion change hands [SINGAPORE] Singapore stocks rose on Thursday (Jun 12), amid the world’s two largest economies agreeing to de-escalate trade tensions. The blue-chip Straits Times Index (STI) closed 0.1 per cent or 3.15 points higher at 3,922.2. Across…
Read MoreMAS order prompts unlicensed crypto exchanges to plan exit
[SINGAPORE] A final warning from the Monetary Authority of Singapore (MAS) has prompted major crypto exchanges operating in the country without a permit to plan for a hasty exit. Bitget and Bybit – top-10 exchange operators by volume with a presence in Singapore but no local licence – plan to reorganise their teams, according to…
Read MoreAnt unit to seek stablecoin permits in Hong Kong, Singapore: sources
[HONG KONG] Jack Ma-backed Ant Group’s international unit is planning to apply for stablecoin licences in Singapore and Hong Kong, according to people familiar with the matter. Singapore-based Ant International will apply for the stablecoin issuer’s licence in Hong Kong as soon as the city’s Stablecoins Ordinance goes into effect in August, the people…
Read MoreChina stocks soar on AI, US-China trade hopes. Who are the country’s ‘Terrific Ten’ firms?
[SINGAPORE] Chinese stocks have see-sawed since late last year, as investors reacted to factors ranging from government stimulus, artificial intelligence and Trump tariffs. The Asian giant’s companies had experienced a lengthy bear market in the last few years, with investors flocking to US markets. Last October, Hong Kong’s Hang Seng Index also plummeted sharply after…
Read MoreGrab prices and increases convertible notes offering to US$1.5 billion
The proceeds will be used for general corporate purchases, a concurrent repurchase of shares and possible acquisitions [SINGAPORE] Grab announced on Wednesday (Jun 11) that its five-year convertible note offering has been upsized to US$1.5 billion from US$1.25 billion. The initial conversion rate of the notes will be 152.6 Class A ordinary shares for every…
Read MoreMeta taps top researchers from Google, Sesame for new AI lab
META Platforms has poached top engineers from multiple tech firms, including Alphabet Inc.’s Google, for a new team focused on achieving a more advanced form of AI called artificial general intelligence. Jack Rae, a principal researcher at Google DeepMind, is expected to join Meta’s “superintelligence” team, according to multiple people familiar with the matter, who…
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