Posts by Stephanie Irvin
JBS, Marfrig shares tumble as China launches beef-import probe
SHARES of JBS, the world’s biggest meat company, and other Brazilian beef producers slumped on the news that China is starting a probe into its imports of the meat, which have surged in recent years. The Asian country, the world’s largest beef buyer, will decide if a surge in shipments from overseas has hurt the…
Read MoreChinese bonds post best returns in decade with more gains seen
CHINESE government bonds are primed for their best year in a decade, with local fund managers and strategists predicting more gains for 2025. They are set to reap a 9 per cent total return in 2024, the highest since 2014, as measured by a Bloomberg Index which excludes currency moves. The nation’s 10-year yields have…
Read MoreBank Indonesia’s 25% stake in bond market fuels liquidity fears
INVESTORS in Indonesia are growing increasingly wary about potential stress in the nation’s bond markets as the central bank ramps up debt holdings to record levels. Bank Indonesia now owns about 25 per cent of the country’s outstanding bonds, up from just 5 per cent before the pandemic, amid a buying binge driven by its…
Read MoreNidec announces 257 billion yen unsolicited bid for Makino Milling
JAPANESE manufacturing giant Nidec said on Friday (Dec 27) it planned to launch a tender offer for Makino Milling Machine at a 42 per cent premium to Thursday’s closing share price, with or without the target company’s approval. Nidec said it would spend about 257 billion yen (S$2.2 billion) on the bid to take Makino…
Read MoreSingapore shares open higher on Friday; STI rises 0.6%
SINGAPORE stocks began trading higher on Friday (Dec 27) morning following a muted showing from US equities. As at 9.02 am, the Straits Times Index (STI) rose 22.28 points or 0.6 per cent to 3,783.73. Across the broader market, gainers outnumbered losers 72 to 32 after 40.9 million securities worth S$45.9 million changed hands. OKH…
Read MoreCSE Global unit’s US lawsuit may impact 2024 earnings
The company could not quantify the impact, since legal proceedings are in the preliminary stage TECHNOLOGY solutions provider CSE Global said on Friday (Dec 27) that its financial performance for the current financial year ending Dec 31 may be affected by a lawsuit its unit intends to file in the US. It said its wholly…
Read MoreOil prices ease as markets weigh China stimulus hopes
OIL edged lower on Thursday (Dec 26) in light holiday trade as the US dollar’s strength offset hopes for additional fiscal stimulus in China, the world’s biggest oil importer. Brent crude futures settled down 32 US cents, or 0.43 per cent, at US$73.26 a barrel. US West Texas Intermediate crude closed at US$69.62, down 0.68…
Read MoreFast Company Tells the Success Story of Hot Wheels
The remarkable journey of Hot Wheels from a simple toy car manufacturer to a global cultural phenomenon demonstrates how authentic collaboration and innovative thinking can transform a brand. Since its inception in 1968, Hot Wheels has maintained its position as a leader in the toy industry by fostering a unique collaborative environment that encourages pushing…
Read MoreSingapore Institute of Advanced Medicine says ‘no assurance’ it can turn profitable or sustain it
Troubled healthcare provider Singapore Institute of Advanced Medicine (SIAMH) said on Thursday (Dec 26) that it’s not guaranteed the company can generate “significant” revenue and profitability. “There is no assurance that the group will be able to expand its business and secure sufficient patients to generate significant revenue and profitability or, if attained, there is…
Read MoreBillionaire brothers turn US$12,000 loan into empire of cheap toys
AT 18, Nick Mowbray dropped out of college in his native New Zealand and moved to China with his older brother, Mat. The pair spoke no Chinese, had few contacts and little business experience. But they had an idea: open a factory near Guangzhou, a fast-growing port city in the country’s south, where they would…
Read More