Posts by Yurie Miyazawa
Gold hits one-week high on softer US dollar; markets await Fed cues
Gold prices climbed to a one-week high on Tuesday (Nov 19), buoyed by a softer US dollar, while the market awaited comments from Federal Reserve officials for cues on the US interest rate outlook. Spot gold rose 0.4 per cent to US$2,621.95 per ounce by 0514 GMT, the highest since Nov 12. Prices were up…
Read MoreWeWork gives up Singapore locations in sign of co-working woes
WEWORK is giving up space in two prime locations in Singapore, underscoring the company’s challenges in one of its most promising markets. One co-working space spanning the 17th to 20th floors at Manulife Tower along Singapore’s 8 Cross Street has ended operations. Another three-floor space in an office building at 83 Clemenceau Avenue on the…
Read MoreEquinix to build 6th Singapore data centre with US$260 million investment
DATA centre operator Equinix is building a sixth data centre in Singapore with an initial investment of US$260 million, the Nasdaq-listed firm said on Tuesday (Nov 19). The new data centre, a nine-storey facility named SG6, is expected to open in the first quarter of 2027 and will provide 20 megawatts (MW) of capacity when…
Read MoreKeppel DC Reit to acquire 2 hyperscale data centres from sponsor Keppel for S$1.4 billion
THE manager of Keppel DC Real Estate Investment Trust (Keppel DC Reit) has proposed to acquire interests in two artificial intelligence (AI) ready hyperscale data centres from a joint venture (JV) led by sponsor Keppel for S$1.4 billion. The JV owns the Keppel Data Centre Campus at Genting Lane in Singapore, which comprises the two…
Read MoreSingapore shares rise at Tuesday’s open; STI up 0.3%
SINGAPORE stocks began trading in positive territory on Tuesday (Nov 19). As at 9.02 am, the Straits Times Index (STI) rose 12.35 points or 0.3 per cent to 3,744.9 after global equities ended mixed overnight. Across the broader market, gainers outnumbered losers 67 to 25 after 62.8 million securities worth S$65.1 million changed hands. Watch-listed…
Read MoreBlending innovation and tradition into a recipe for success
SAMUEL Yik doubled down on innovation to push Dian Xiao Er to the forefront of Singapore’s food and beverage (F&B) scene. When Yik opened his first Dian Xiao Er outlet in Chinatown more than 20 years ago, he was a newcomer to the F&B industry, armed only with a vision to offer herbal roast duck…
Read MoreGoldman readies plans to spin-out its digital assets platform
GOLDMAN Sachs Group is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments via blockchain technology. The bank is in talks with a number of market participants on the plans as it continues to build out…
Read MoreGoldman Sachs readies plans to spin-out its digital assets platform
GOLDMAN Sachs Group is speaking with potential partners as it plans to spin out its digital-assets platform into a new company for large financial firms to create, trade and settle financial instruments via blockchain technology. The bank is in talks with a number of market participants on the plans as it continues to build out…
Read MoreSilverlake Axis to delist after close of voluntary unconditional offer
Offeror E2I will compulsorily acquire all the shares of shareholders who have not accepted the offer SOFTWARE company Silverlake Axis will soon be delisted from the mainboard of the Singapore Exchange (SGX) following the close of its voluntary unconditional offer on Monday (Nov 18). As at 5.30 pm on Monday, the total number of shares…
Read MoreInvestors eye IPO access as Hong Kong stock link turns 10
A DECADE after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access. With billions of US dollars worth of trading volume flowing across the border between Hong Kong and Shanghai and Shenzhen on a daily basis, the stock connect has…
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