Posts by Stephanie Irvin
Stocks to watch: OCBC, Kim Heng
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 10). OCBC: Independent directors of Great Eastern Holdings (GEH) are recommending that shareholders to accept OCBC’s conditional exit offer that will ultimately lead to the delisting of the insurer. This is based on advice from EY, the independent…
Read MoreS&P downgrades Warner Bros bonds deeper into junk status
Published Tue, Jun 10, 2025 · 07:16 AM S&P Global Ratings cut Warner Bros Discovery’s unsecured bond ratings deeper into junk status after the media company announced it was splitting up, and said that it’s reviewing downgrading other ratings of the company. The bond grader said it downgraded Warner Bros Discovery’s unsecured notes to BB,…
Read MoreApple plays it safe on AI despite Wall Street pressure
[CUPERTINO, United States] Apple on Monday remained on its cautious path to embracing generative AI even as rivals race ahead with the technology and Wall Street expresses doubts over its strategy. The pressure was on Apple not to disappoint at its annual Worldwide Developers Conference (WWDC) a year after the iPhone juggernaut made a promise…
Read MoreBarclays cuts more than 200 investment bank jobs to reduce costs
[LONDON] Barclays is preparing to cut more than 200 jobs in its investment bank in the coming days as part of chief executive officer CS Venkatakrishnan’s plan to boost the profitability of the division. Staffers in investment banking, global markets and research will likely be affected, according to people familiar with the matter, who asked…
Read MoreAsia healthcare assets risk overvaluation as private investors scoop them up
[SINGAPORE] As private equity (PE) investors pour money into Asian healthcare, some observers are concerned that this sector could soon overheat. Some recent deals this year include KKR’s US$400 million purchase of a 54 per cent stake in India’s Healthcare Global Enterprises in February. In Singapore, another American PE firm TPG took Catalist-listed nursing operator…
Read MoreEV maker VinFast’s Q1 loss widens on higher spending as deliveries rise
Published Mon, Jun 9, 2025 · 07:21 PM [BENGALURU] Vietnamese electric vehicle maker VinFast on Monday (Jun 9) reported its sixth consecutive quarterly net loss as it continues to ramp up spending to boost sales volumes. VinFast reported a net loss of US$712.4 million for the first quarter, less than the US$1.3 billion loss in…
Read MoreSingapore stocks close Monday higher ahead of US-China talks; STI up 0.1%
[SINGAPORE] Local stocks rose on Monday (Jun 9), in line with gains in Asian markets on hopes that a fresh round of US-China trade talks will ease tensions. Investors also digested the latest China inflation and trade data. Trade tensions between the world’s largest economies may be moderating after China said on Saturday that it…
Read MoreDBS tops US$100 billion market value in Singapore Exchange first
[SINGAPORE] DBS Group Holdings became the first listed company in Singapore to top US$100 billion in market value, helped by a softer US currency that amplified gains on the local stock market. South-east Asia’s top lender gained as much as 0.9 per cent in Singapore trading on Monday (Jun 9), and is trading at a…
Read MoreShein and Reliance aim to sell India-made clothes abroad within a year, sources say
[MUMBAI/LONDON] Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas sales of India-made Shein-branded clothes within six to 12 months, said two people with knowledge of the matter. The China-founded, Singapore-headquartered e-commerce firm has been discussing plans with the Indian retailer since before the US imposed…
Read MoreAlibaba, Tencent freeze AI tools during high-stakes China exam
[BEIJING] China’s most popular artificial intelligence (AI) chatbots such as Alibaba’s Qwen have temporarily disabled functions including picture recognition, to prevent students from cheating during the country’s annual “gaokao” college entrance examinations. Apps including Tencent Holdings’ Yuanbao and Moonshot’s Kimi suspended photo-recognition services during the hours when the multi-day exams take place across the country.…
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