Business
Seatrium shares plunge 7.8% after US$475 million Maersk offshore Wind contract termination
Citi analyst Luis Hilado said the contract termination will likely have a negative near-term impact on its shares Shares of Seatrium…
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Business
Business
Seatrium shares plunge up to 7.8% on US$475 million Maersk Offshore Wind contract termination
This development will likely have a negative near-term impact on the stock, says Citi analyst Luis Hilado Shares of Seatrium plunged as…
Business
Central banks seen holding Bitcoin, gold as key reserves by 2030, Deutsche Bank says
Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening US…
Business
Private capital roars back in Q2 with strongest returns since 2021: MSCI
Across the board, every major private asset class has recorded an improvement on its Q1 return Private markets delivered their strongest…
Business
Gold poised for eighth weekly rise on firm safe-haven demand
The non-yielding asset, traditionally considered a hedge during geopolitical and economic uncertainty, has gained about 52% this year Gold…
Business
Bank of Singapore’s new AI tool does in one hour what used to take 10 days
Besides being a time saver, the tool cuts down on human error from examining documents on clients’ employment, business and investment…
Business
Seatrium hit by US$475 million contract termination for nearly completed wind vessel
The contract was with a Maersk Offshore Wind affiliate, for deployment at US offshore wind farm Seatrium on Friday (Oct 10) announced that…
Business
Seatrium hit by US$475 million contract termination for nearly completed wind vessel; shares drop 7%
The company says that it will ‘explore viable solutions’, including talks with the end-customer, Empire Offshore Wind Seatrium on Friday…
Business
Seatrium hit by US$475 million contract termination for nearly completed wind vessel; shares drop 6.6%
The company says that it will ‘explore viable solutions’, including talks with the end-customer, Empire Offshore Wind Seatrium on Friday…
Business
Stocks to watch: Seatrium, Thakral, Fu Yu, Capital World
The following companies saw new developments that may affect trading of their securities on Friday (Oct 10): Source link
Business
Levi Strauss forecasts annual profit below estimates as tariffs bite
The retailer has leaned into full-price sales through its direct-to-consumer channel, broadened its product offerings and kept a tight…
Business
HSBC’s top boss bets US$14 billion on Hong Kong in push for growth
For a bank that has spent much of the last decade shying away from major deals, Elhedery’s approach marks a sea change from his…
Business
Silver hits US$50 for first time in decades
While gold is traditionally viewed as a hedge against riskier assets such as stocks, it often falls during broad market selloffs as…
Business
US: Wall Street closes lower, pausing record-setting rally as earnings approach
US stocks ended in negative territory on Thursday (Oct 9) as investors, left with no economic data or any sentiment-swaying catalysts,…
Business
Europe: Ferrari’s steepest fall drags Europe’s stocks, HSBC pulls parking brake
The central bank kept rates unchanged and struck a cautiously optimistic tone on the economy European stocks fell on Thursday (Oct 9),…
Business
Serving with purpose: Expectations of non-profit board directors
Unlike directors of listed companies, NPO directors operate in an environment where the Code of Corporate Governance, Companies Act and…
Business
Vietnam Overtakes China as Leading Clothing Exporter to the United States
Vietnam has surpassed China as the top exporter of clothing to the US in the first seven months of 2025 due to changes in trade patterns…
Business
Who is the CEO of Verizon?
Do you have Verizon? If you never heard of it or live under a rock, Verizon is a well-known brand of telecommunications that is used all…
Business
Ex-CIMB Singapore chief Victor Lee to join Security Bank in the Philippines as CEO
Victor Lee, the former chief executive officer of CIMB Singapore, has been appointed president and CEO of the Philippine-listed Security…
Business
US: Wall Street subdued at open after Powell offers no rate clues
Wall Street’s main indices posted subdued gains at Thursday’s (Oct 9) open, after Federal Reserve chair Jerome Powell offered no fresh…
Business
Launch of knowledge hub aims to beef up AI use among financial institutions: Chee Hong Tat
The Monetary Authority of Singapore (MAS) has launched an artificial intelligence (AI) knowledge hub to help the city-state’s financial…
Business
Surprise rate decisions in Asia signal growing economic unease
They underscore growing domestic economic and market uncertainties exacerbated by US tariffs Three central banks over two days surprised…
Business
Hedge funds are using options to bet on year-end US dollar gain
Hedge funds worldwide look to be favouring the US dollar in the option market as they bet that the currency’s rebound versus most major…
Business
Singapore stocks buck regional trend; STI down 0.4%
All three local banks end lower; Genting Singapore is the most actively traded counter on the STI for the second day running Local shares…