Posts by Stephanie Irvin
Hedge funds are using options to bet on year-end US dollar gain
[SINGAPORE] 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 peers will extend into year-end. Funds in Europe and Asia have ramped up option trades this week based on the view that currencies such as the euro and yen will…
Read MoreSingapore 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 [SINGAPORE] Local shares ended Thursday (Oct 9) lower, even as markets across the region mostly ended higher. The benchmark Straits Times Index (STI) shed 0.4 per cent or 15.8 points to close at…
Read MoreSingapore 6-month T-bill cut-off yield stays flat at 1.44% after turnaround at previous auction
This is unchanged from the 1.44 per cent offered in the last six-month auction that closed on Sep 25 [SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) stood at 1.44 per cent, according to on auction results released by the Monetary Authority of Singapore on Thursday (Oct 9). This was unchanged from…
Read MoreSoftBank’s Graphcore plans £1 billion chip investment in India
The US’s tensions with China have helped the country rise in prominence for global tech companies, but its AI infrastructure is still developing [LONDON] Graphcore, the British chip designer owned by SoftBank Group, is planning to announce a £1 billion (S$1.7 billion) investment package in India that includes a new research hub. The announcement is…
Read MoreEuro, yen slide for third straight day versus US dollar
[LONDON] The euro and the yen were headed for a third straight daily loss against the US dollar, pressured by political turmoil in France and expectations of increased fiscal spending in Japan. Expansive economic policies in Japan and France’s struggle to rein in its fiscal deficit are expected to increase the risk premium investors demand…
Read MoreTesla’s cheaper Model Y and 3 face uphill battle in Europe
The company hopes the cheaper cars will revive sales after global deliveries fell in 2024 for the first time [GDANSK] Tesla’s lower-priced versions of its staple Model Y SUV and Model 3 sedan face an uphill battle in the region where Elon Musk’s company arguably needs help the most: Europe. Unveiled on Tuesday (Oct 7),…
Read MoreNestle bows out of initiative to reduce dairy’s climate impact
[DUBAI] Less than two years ago, a group of the world’s biggest food companies, including Nestle, Danone and Kraft Heinz, announced a major alliance to cut methane emissions from their hundreds of thousands of dairy suppliers. Last month, however, Nestle’s logo vanished from the initiative’s website. Officials at the Swiss food giant confirmed that they…
Read MoreHonda’s grip on Vietnam motorcycle market looks shaky on EV switch
The world’s largest manufacturer of motorcycles is also producing electric models but it is not clear how many it sells in the country [HANOI] Honda’s dominance of Vietnam’s motorcycle market is under threat as Hanoi pushes for a rapid switch to electric vehicles (EVs) in a boost to local EV maker VinFast, according to industry…
Read MoreUS air traffic control staffing hit for second day, delaying flights
[WASHINGTON] Air traffic control staffing issues are delaying flights for a second straight day at numerous US airports as the government shutdown reaches its seventh day, the Federal Aviation Administration (FAA) said in a notice on Tuesday (Oct 7). More than 3,000 flights have been delayed, according to flight tracking data, as staffing shortages have…
Read MoreStarHub prices S$200 million perpetual securities at 3.35%
Net proceeds from the issue will be used to finance the group’s general corporate funding requirements and investments [SINGAPORE] StarHub has priced S$200 million in subordinated perpetual securities at 3.35 per cent under its S$2 billion multi-currency debt issuance programme. The securities will be issued in denominations of S$250,000 each, the telco said on Tuesday…
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