Posts by Stephanie Irvin
Europe: Shares slip as bond yields weigh, French elections awaited
EUROPEAN shares slipped on Wednesday as government bond yields rose on concerns about persistent global price pressures ahead of a crucial US inflation report, with investor focus also on French elections at the weekend. The pan-European Stoxx 600 index reversed early gains to close nearly 0.6 per cent lower, pressured by a rise in bond yields across…
Read MoreFerrari CEO on mission to boost profits – without selling too many cars
The new plant to make the brand’s electric cars won’t be out to boost production numbers; the carmaker wants to mitigate risk in an uncertain era [MARANELLO, Italy] Ferrari on Friday (Jun 21) opened a new factory in Italy, where it will build its upcoming electric car alongside its petrol and hybrid models. But this…
Read MoreGermany, China sign declaration on data sharing
Germany and China have signed a declaration of intent on how to discuss cross-border data transfer, a further step towards carmakers being able to transfer data to Germany, a German minister said on Wednesday (Jun 26). Transferring data outside of China is a contentious issue for foreign firms operating there. The EU and US are…
Read MoreQatar Airways looking to buy up to 20% stake in Virgin Australia
This comes as carriers challenge dominant airline Qantas for more market share in Australia QATAR Airways is in talks to buy up to a 20 per cent stake in Bain Capital-owned Virgin Australia, the Australian Financial Review reported on Wednesday (Jun 26). This comes as carriers fight for more market share in the country against…
Read MoreHDB’s June BTO exercise draws keen interest with application rate over 3 times
IN THE last exercise before the classification of Housing and Development Board (HDB) Build-To-Order (BTO) flats changes, the number of applicants in June jumped by more than 100 per cent compared with the previous application in February. As at 5 pm on Wednesday (Jun 26), there were 21,827 applicants vying for the 6,938 new flats…
Read MoreNomura executive earns a record US$12 million, tripling CEO’s pay
The pay boost came after soaring fixed-income trading and resurgent markets in Japan NOMURA Holdings gave Christopher Willcox the highest ever pay for an executive officer at Japan’s biggest brokerage after the company returned to profit growth. Willcox, who heads the Tokyo-based firm’s trading and investment banking, got US$12 million in compensation for the…
Read MoreSingapore stocks inch up on Wednesday as May factory output beats forecasts
SINGAPORE stocks ended slightly higher on Wednesday (Jun 26), as the city-state’s factory output data beat forecasts in May. The benchmark Straits Times Index (STI) rose 0.2 per cent or 5.42 points to 3,331.7. Across the broader market, gainers outnumbered losers 270 to 214, after one billion securities worth S$874.9 million changed hands. Singapore’s factory…
Read MoreChina’s 10-year yield down to lowest since 2002 on growth worry
The bonds have staged a sizzling rally on the back of China’s lacklustre economic growth, dovish monetary policy and ample liquidity in the banking system The yield on China’s benchmark bond fell to a more than two decade low as investors continued to flock to the notes amid lingering concerns about the domestic economy and…
Read MoreValueMax associates launch Well Chip IPO
WELL Chip Group has launched its RM172.5 million (S$49.6 million) initial public offering (IPO). Based on the indicative timeline released on Wednesday (Jun 26), the closing of applications for the IPO is slated for Jul 10, while the balloting of applications is set to take place on Jul 12. The IPO shares will be allotted…
Read MoreVietnam wants China’s help for high-speed railway development
VIETNAM is looking for China’s support with the development of the country’s high-speed railway networks including cross-border lines that would promote trade between the two countries. Prime Minister Pham Minh Chinh told Lou Qiliang, chairman of China Railway Signal Information, on the sidelines of the World Economic Forum in Dalian that Vietnam needs Chinese assistance…
Read More