Posts by Stephanie Irvin
Japan’s first new banknotes in 20 years use holograms to defeat counterfeits
JAPAN began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters. The notes use printed patterns to generate holograms of the portraits facing different directions, depending on the angle of view, employing a technology that Japan’s…
Read MoreStablecoin issuer Paxos names Jeannie Lim as executive director in Singapore
PAXOS Trust named Jeannie Lim, who was most recently head of messaging payments at Meta Platforms in Singapore, as the stablecoin issuer’s executive director at Paxos Singapore. “Jeannie will be responsible for developing and driving Paxos’ strategic vision and goals for the Apac region,” a spokesperson at New York-headquartered Paxos wrote in an e-mail. “She…
Read MoreStocks to watch: Keppel, Cromwell E-Reit, Accrelist
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 3): Keppel: It has merged two indirect wholly owned subsidiaries, Keppel Fund Management (KFM) and Keppel Capital Alternative Asset, to streamline the company’s organisational structure. Both subsidiaries are licensed fund managers, and KFM will continue as a surviving entity. Shares…
Read MoreCrude falls as Hurricane Beryl fears fade
BRENT and US West Texas Intermediate (WTI) crude closed down on Tuesday as fears of supply disruptions caused by Hurricane Beryl faded throughout the day on Tuesday. Brent crude futures settled down 36 cents, or 0.42 per cent, at US$86.24 a barrel. US West Texas Intermediate (WTI) crude settled at US$82.81 a barrel, down 57…
Read MoreEurope: Stocks slide as French election, rate nerves persist
EUROPEAN stocks fell to two-week lows on Tuesday as the relief rally in French shares following the first round of parliamentary elections faded, while data pointed to elevated services inflation in the euro zone. The pan-European Stoxx 600 index ended 0.4 per cent lower, off near two-month lows hit earlier in the session. Insurers dropped 1.6…
Read MoreUS dollar dips as Fed’s Powell’s dovish comments offset upbeat jobs data
THE US dollar slipped on Tuesday (Jul 2) in choppy trading after Federal chair Jerome Powell struck a slightly dovish tone in his comments, suggesting that the US central bank is more than likely to start its easing cycle later this year. Powell, in a monetary policy conference in Portugal, said the US economy has…
Read MoreLSEG announces multi-year news and data partnership with Dow Jones
THE London Stock Exchange Group (LSEG) announced a multi-year news and data partnership with Dow Jones that will include content from the Wall Street Journal, the companies said on Tuesday (Jul 2). Financial terms of the partnership were not disclosed. LSEG will also co-develop with Dow Jones an “enhanced news experience” for its Workspace platform…
Read MoreHyundai India eyes record US$3.5 billion IPO
An IPO of that size would break the record set by Life Insurance Corp of India, which raised US$2.5 billion in 2022 Hyundai Motor could raise as much as US$3.5 billion from the eagerly anticipated initial public offering of its Indian unit, people familiar with the matter said, easily making it the biggest to ever…
Read MoreSingapore banks lead uptick; STI up 0.9%
Global markets are looking ahead to the major elections, including those in France and the UK SINGAPORE stocks continued on their uptick on Tuesday (Jul 2), following gains by the local banks. The benchmark Straits Times Index (STI) rose 0.9 per cent or 29.33 points to 3,367.90. Across the broader market, losers outweighed gainers 302…
Read MoreMajor Japanese insurers to offload 500 billion yen of Honda shares: sources
FOUR of Japan’s top property and casualty insurers and other financial firms plan to sell around 500 billion yen (S$4.2 billion) of shares in Honda Motor, three people said, as the unwinding of cross-shareholding practices accelerates. Tokio Marine Holdings Sompo Holdings and two units of MS&AD Insurance Group will together offload shares in the automaker,…
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