Posts by Swedan Margen
Captain Sumeet Sabharwal: Air India’s Pilot Made Desperate Mayday Call Seconds Before Crash as Experts Believe Bird Strike Led to Tragedy
The pilot of the Air India flight frantically reported that the aircraft was fast “losing power” just moments before the deadly crash, killing at least 260 people, with only one passenger escaping the tragedy. The London-bound Boeing 787-8 Dreamliner went down in a crowded suburb shortly after leaving from Ahmedabad Airport on Thursday morning. Captain…
Read MoreMiddle East tensions hit Asian and Asean markets; oil and gold prices spike
[SINGAPORE] A wave of geopolitical panic swept across Asian markets on Friday (Jun 13), after Israel launched strikes on Iran’s nuclear and military infrastructure, stoking fears of a wider regional conflict. Singapore’s Straits Times Index (STI) fell about 0.5 per cent or 19.1 points by 1 pm, trading at 3,903.8. Hong Kong’s Hang Seng Index…
Read MoreAsian Markets Sell Off as Middle East Tensions Spike and Oil Prices Surge
Asian traders woke to a nervous open on Friday after oil surged and Wall Street futures sank following reports that Israel had carried out a military strike against Iran. The unexpected turn sent investors fleeing to the safety of gold and the Swiss franc, and pulling money from stocks. Freepik Only last week, the Asian markets had appeared…
Read MoreOCBC users hit by log-in, payment issues; services restored by 2.30 pm
More than 1,000 outage reports are lodged on tracking site Downdetector from around 11 am [SINGAPORE] Customers of OCBC experienced difficulties making payments via the bank’s mobile app and Internet banking services on Friday (Jun 13) afternoon, but access was restored by 2.30 pm. More than 1,000 outage reports were lodged on tracking site Downdetector…
Read MorePop Mart’s 200% stock rally spurs rush to hike price targets
Published Fri, Jun 13, 2025 · 01:06 PM — Updated Fri, Jun 13, 2025 · 08:05 PM WALL Street analysts are rushing to raise price targets on Pop Mart International Group following the success of its Labubu dolls. At least five brokerages, including Deutsche Bank AG and Morgan Stanley, have lifted projections on the Hong…
Read MoreIsrael Launches Massive Airstrikes on Iran’s Nuclear Program and Kills Several Top Military Officials as Khamenei Vows ‘Harsh Punishment’
Israel has carried out “preemptive attacks” on Iran, targeting its nuclear program and killed several senior military officials in a bid to stop Tehran from advancing its development of weapons of mass destruction. Prime Minister Benjamin Netanyahu said that the strikes would continue “for as many days at it takes to remove this threat” posed…
Read MoreGold tops one-month high as Middle East tensions spur safe-haven demand
GOLD prices climbed on Friday to their highest point in more than a month, on track for a weekly gain, as investors sought safe-haven assets after Israel’s strike on Iran heightened Middle East tensions. Spot gold was up 1.3 per cent at US$3,428.28 an ounce, as of 0134 GMT, after hitting its highest level since May 7 earlier…
Read MoreUnagi specialist Man Man’s Singapore operator sinks into red less than a year after listing
[SINGAPORE] Japanese food and beverage (F&B) operator Food Innovators Holdings (FIH) posted a net loss of S$4.1 million for FY2025 ended Feb 28, in a company report on Thursday (Jun 12) with its audited financial statement for the period. The widened loss figure, from the unaudited net loss of S$3.7 million the company had reported…
Read MoreOil soars more than 9% after Israel strikes Iran, rattling investors
OIL prices surged more than 9 per cent on Friday, hitting their highest in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. Brent crude futures jumped US$6.29, or 9.07 per cent, to US$75.65 a barrel by 0315 GMT after hitting an intraday…
Read MoreJetstar Asia shutdown: Income Insurance extends ‘goodwill’ coverage outside of ticket expenses
[SINGAPORE] Income Insurance said on Thursday (Jun 12) that it will offer coverage to eligible customers affected by Jetstar Asia’s upcoming shutdown, even though such events are not typically included in travel insurance coverage. On Wednesday, Jetstar Asia, a wholly owned subsidiary of Qantas Group, announced it would cease operations in Singapore by Jul 31.…
Read MoreMeta finalises investment in Scale AI, valuing startup at US$29 billion
META Platforms has finalised an investment in Scale AI that values the startup at over US$29 billion, Scale AI said on Thursday. Two sources familiar with the matter said that Meta’s investment in Scale AI amounts to US$14.3 billion. The sources said that Scale CEO and co-founder Alexandr Wang will join a new “superintelligence” unit…
Read MoreSingapore Airlines tumbles 2.1% after Air India plane crash
SIA holds a 25.1% stake following a merger of its full-service airline Vistara with the Indian national carrier [SINGAPORE] Shares of Singapore Airlines (SIA) dived on Friday (Jun 13) morning after an Air India plane bound for London crashed on Thursday. SIA holds a 25.1 per cent stake in the Indian flag carrier. At around 9…
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