Posts by Stephanie Irvin
Julius Baer faces US$156 million loan loss charge
[ZURICH] Julius Baer Group said it’s booking another large loss from property developments it helped finance, just as the Swiss wealth manager is emerging from a crisis triggered by its exposure to Rene Benko’s Signa real estate empire. The Zurich-based bank disclosed late Tuesday (May 20) that it’s taking a loan-loss charge of US$156 million…
Read MoreSingapore’s ultra-rich snapping up property in Dubai
[SINGAPORE] Property cooling measures may have dampened housing demand here, but Singapore’s ultra-rich are among high net-worth individuals (HNWI) around the world that are flooding into Dubai. In the first quarter alone, the United Arab Emirates’ most populous city saw the sale of 111 residential properties valued at over US$10 million each. This comes…
Read MoreSingapore’s ultra-rich among wealthy Asians snapping up property in Dubai
[SINGAPORE] Property cooling measures may have dampened housing demand here, but Singapore’s ultra-rich are among high net-worth individuals (HNWI) around the world that are flooding into Dubai. In the first quarter alone, the United Arab Emirates’ most populous city saw the sale of 111 residential properties valued at over US$10 million each. This comes…
Read MoreLabubu maker Pop Mart flagged for global expansion potential; CGSI initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation from a toy retailer to an intellectual property (IP)-centric platform. CGSI set the price target for the Chinese stock at HK$249.60, versus its last price of HK$208 at Tuesday’s (May 20) close. That represents an…
Read MoreToyota takes all-hybrid plunge with its best-selling US vehicle
[DETROIT] Toyota Motor is scrapping the petrol-powered version of its best-selling vehicle in the US as the Japanese carmaker doubles down on its push into hybrids. The latest generation of the RAV4 compact crossover available later this year comes equipped with a standard or plug-in hybrid powertrain, dropping the gas-powered option that makes up the…
Read MoreVietnam approves establishment of Sun PhuQuoc Airways
Published Wed, May 21, 2025 · 10:37 AM [HANOI] Vietnam’s Prime Minister, Pham Minh Chinh, has approved the establishment of a new airline, Sun PhuQuoc Airways, the official Vietnam News Agency (VNA) reported on Tuesday (May 20). A spokesperson for the company confirmed the approval in an e-mail to Reuters on Wednesday, without giving further…
Read MoreGold gains on weaker dollar, US fiscal concerns
[BENGALURU] Gold prices rose on Wednesday (May 21) as the US dollar slipped to a two-week low and investors sought safety amid US fiscal uncertainty, with Congress debating a sweeping tax bill. Spot gold was up 0.4 per cent at US$3,300.72 an ounce, as at 0035 GMT. US gold futures gained 0.6 per cent to…
Read MoreStocks to watch: CapitaLand Investment, CDL, SingPost, SIA Engineering, Delfi, SLB, Dasin Retail Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 21). CapitaLand Investment (CLI): The global real asset manager on Wednesday announced the launch of its first onshore master fund in China, the CLI RMB Master Fund. The fund has a total equity commitment of five billion yuan…
Read MoreTesla on track to launch robotaxi trial in Austin, Texas, by June end, Musk says
[SAN FRANCISCO] Tesla is set to begin a test of its long-promised robotaxi service on schedule in Austin, Texas, by the end of June, chief executive Elon Musk said on Tuesday (May 20), even as the company faces safety questions from a US regulator. The electric vehicle (EV) maker will roll out about 10 self-driving…
Read MoreOil prices little changed on geopolitical uncertainty, weak China demand signals
[NEW YORK] Oil prices were little changed on Tuesday (May 20) due to uncertainty in US-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude importer China’s economy. Brent futures slid 16 US cents, or 0.2 per cent, to settle at US$65.38 a barrel, while US West Texas…
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