Posts by Swedan Margen
Kraken seeks US$500 million funding at US$15 billion valuation, The Information reports
Published Wed, Jul 30, 2025 · 09:56 AM CRYPTOCURRENCY exchange Kraken is set to raise US$500 million in funding at a US$15 billion valuation, The Information reported on Tuesday, citing people familiar with the matter. A spokesperson for Kraken declined to comment on the report. Cryptocurrency-focused companies have been attracting increased investor interest as the…
Read MoreSeatrium halts trading of shares ahead of H1 earnings
[SINGAPORE] Seatrium called for trading of its shares to be halted with immediate effect on Wednesday (Jul 30) morning before market open. This is coming one day before it is due to announce its first-half earnings – on July 31. The offshore and marine specialist cited the upcoming release of an announcement as reasons for…
Read MoreSeatrium settles Brazil corruption case; S$168.4 million financial penalty to Brazilian authorities
[SINGAPORE] Seatrium has on Wednesday (Jul 30) signed a leniency agreement with Brazilian authorities in relation to Operation Car Wash – a major corruption investigation in the country. It will make a final settlement payment of around S$168.4 million under the leniency agreement. This news comes one day before it is due to announce its…
Read MoreSeatrium to pay over S$240m to Brazilian, Singapore authorities over corruption offences
[SINGAPORE] Seatrium is putting a long-running corruption case behind it with financial penalties of more than S$240 million to be paid to the authorities in Brazil and Singapore. On Wednesday (Jul 30), the company announced that it signed a leniency agreement with Brazilian authorities in relation to Operation Car Wash – a major corruption probe…
Read MoreGold holds steady ahead of Fed policy statement
[BENGALURU] Gold prices steadied on Wednesday (Jul 30) as investors held back on making big bets ahead of the US Federal Reserve’s policy statement later in the day for cues into future rate cuts, while focus remained on US trade talks ahead of the Aug 1 deadline. Spot gold was steady at US$3,329.19 per ounce…
Read MoreVisa beats quarterly estimates on resilient consumer spending but steady forecast drags shares
[BENGALURU] Visa beat Wall Street estimates for third-quarter profit and revenue on Tuesday (Jul 29), as the global payments processing company was helped by strong card spending volumes despite softness in the broader economy. However, the payments processing company kept its full-year forecast for net revenue growth unchanged, sending shares of the company down nearly…
Read MoreKeppel Reit H1 DPU falls by 2.9% to S$0.0272
[SINGAPORE] Keppel Real Estate Investment Trust (Reit) on Wednesday (Jul 30) reported a 2.9 per cent decline in its distribution per unit (DPU) for the first half of the 2025 financial year to S$0.0272, from S$0.0280 in the corresponding year-ago period. Distributable income from operations fell by 1.4 per cent to S$95.5 million for the…
Read MoreMondelez beats second-quarter estimates on strong international demand
CADBURY-PARENT Mondelez International beat Wall Street estimates for second-quarter revenue and profit on Tuesday, supported by steady consumer demand for its higher-priced chocolates and biscuits, particularly in international markets including Europe. To offset rising input costs such as cocoa, the Milka and Toblerone chocolate maker has raised prices over successive quarters, boosting profits. Resilient demand…
Read MoreCapitaLand China Trust H1 DPU falls 17.3% to S$0.0249
[SINGAPORE] CapitaLand China Trust’s (CLCT) distribution per unit (DPU) for the six months ended Jun 30 fell 17.3 per cent to S$0.0249, from S$0.0301 in the year-ago period. This was due to lower net property income (NPI) and a weaker renminbi against the Singapore dollar, which was partially offset by savings in finance costs. Including…
Read MoreChina stock Pheton plunges 90% in minutes after pump-and-dump warning
[NEW YORK] Pheton Holdings, a Nasdaq-listed Chinese health care company, lost 90 per cent of its market value in a matter of minutes on Tuesday (Jul 29), hours after a Bear Cave research report said that it may be the target of a pump-and-dump scheme. The shares closed trading on Monday at US$30.96 and opened…
Read MoreCDL Hospitality Trusts H1 NPI drops 11.9% to S$58.6 million as W Hotel renovations continue
[SINGAPORE] Net property income (NPI) for CDL Hospitality Trusts (CDLHT) fell 11.9 per cent to S$58.6 million for the first half ended June 30, from S$66.5 million in the previous corresponding period. Its S$7.9 million net NPI decline was largely driven by ongoing room renovations at the W Hotel, which accounted for a S$3.2 million…
Read MoreCDL Hospitality Trusts H1 DPS falls 21.1% to S$0.0198 as W Hotel renovations continue
[SINGAPORE] The distribution per stapled security (DPS) for CDL Hospitality Trusts (CDLHT) fell 21.1 per cent to S$0.0198 for the first half ended Jun 30, from S$0.0251 in the previous corresponding period. This comes as the total distribution to stapled securityholders fell 20.2 per cent to S$25.1 million from S$31.4 million in the first half…
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