News
Trump administration announces US$100 million in funding to upgrade coal plants
[LOS ANGELES] The US Department of Energy on Friday (Oct 31) announced that it would make US$100 million available to refurbish and modernise existing coal-fired power plants. The move...
Oil ends slightly up, trade choppy on report, denial of US attack plan on Venezuela
[HOUSTON] Oil prices settled slightly higher after a wild trading session on Friday (Oct 31), popping up as media reports said US air strikes on Venezuela could begin within...
YZJ Maritime to make mainboard debut on Nov 18, looking to raise S$5.2 million through placement
It expects a market capitalisation of S$2.04 billion upon completion of the distribution and placement[SINGAPORE] Yangzijiang (YZJ) Maritime Development, the spin-off from YZJ Financial’s maritime investment segment, is set...
Chevron tops Q3 earnings estimates with record production after Hess deal
Adjusted earnings for the three-month period ended Sep 30 were US$3.6 billion or US$1.85 per share[HOUSTON] Chevron beat analyst estimates on Friday (Oct 31) as record oil and gas...
Data storage firms Western Digital, Seagate soar on AI-driven demand spike
[NEW YORK] Shares of data storage companies such as Seagate and Western Digital (WDC) have sharply outperformed the broader market this year, powered by the staggering demand for hard...
CapitaLand Ascendas Reit’s portfolio occupancy dips to 91.3% in Q3; rental reversion slows
Occupancy in Singapore slipped 0.8 percentage point quarter on quarter and fell two percentage points in the US[SINGAPORE] CapitaLand Ascendas Reit (Clar) ’s portfolio occupancy declined to 91.3 per...
Singapore shares fall amid mixed regional trading; STI down 0.2%
[SINGAPORE] Singapore stocks ended lower on Friday (Oct 31), as the regional market closed mixed.The benchmark Straits Times Index (STI) lost 0.2 per cent or 8.82 points to finish...
Singapore registry adds 94 ships in September, bucks declining trend since 2016 amid US-China port fees
Shipowners reflagging their fleet to the Republic in an attempt to navigate geopolitical tensions[SINGAPORE] The ship registry of Singapore saw a spike in the number of vessels registered in...
Asia: Markets mostly up on heels of Apple, Amazon earnings
ASIAN stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon.Investor confidence in artificial intelligence...
Raffles Education jumps 19% on debt conversion; special dividend plan
[SINGAPORE] Shares of Raffles Education surged over 19 per cent on Friday (Oct 31) morning after the company announced a debt conversion plan. It reached a one-year peak of S$0.081...
