Posts by Stephanie Irvin
Baltic Exchange Shipping Insights
Capesize The Capesize’s had a slow start due to holidays in Asia, leading to subdued activity. Early in the week, the Pacific was quieter, with limited trading, leading to a slight dip in the C5 index and the BCI 5TC. The South Brazil and West Africa to China markets initially saw positive sentiment with a…
Read MoreHyundai files for India IPO that could be country’s biggest
Hyundai Motor’s India unit sought regulatory approval on Saturday (Jun 15) for a stock market listing in Mumbai which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5 per cent in the company. The prospectus filed gave no details of the pricing of the initial…
Read MoreEurope: French stocks drag continent-wide shares lower on political turmoil
European shares dropped in a broad-based sell-off on Friday (Jun 14), marking a weekly loss amid political turmoil in France that has sent the French benchmark reeling. The pan-European Stoxx 600 closed 1 per cent lower, touching a more than five-week low and clocking its worst single-week drop of this year with a 2.4 per…
Read MoreFAA investigating counterfeit titanium used in some Boeing and Airbus jets, NYT reports
THE US Federal Aviation Administration (FAA) is investigating falsified documents that were used to verify the authenticity of titanium used in some recently manufactured Boeing and Airbus jets, the New York Times reported on Friday (Jun 14). The documents are also being investigated by Spirit AeroSystems, which supplies fuselages for Boeing and wings for Airbus,…
Read MoreOUE Reit completes S$250 million inaugural green notes issuance
OUE Real Estate Investment Trust (Reit) has completed the issuance of its S$250 million inaugural green notes at a 4.1 per cent fixed rate due in 2027. The Reit’s manager announced in a bourse filing on Friday (Jun 14) that the issuance attracted strong investor demand, with a final order book of S$425 million, indicating…
Read MoreSingapore stocks book net retail inflow of S$1.01 billion year to date, see significant bank outflows in Q2
SINGAPORE stocks booked net retail inflow of S$1.01 billion in the 2024 year to Jun 13, with significant bank outflows in the second quarter. The Singapore Exchange (SGX) said in a market update on Friday (Jun 14) that the first quarter accounted for the majority of this sum with S$959 million in net inflow, while…
Read MoreBarclays told to review leveraged finance as UK probes industry
UK regulators have ordered Barclays to review its leveraged finance business as concern grows inside the Bank of England over how lenders across the industry are measuring their exposure to the giants of private equity. The central bank’s Prudential Regulation Authority (PRA) has instructed Barclays to commission a section 166 review of the business, according…
Read MoreJapan could be energy-independent by 2060 thanks to renewables: Rystad Energy CEO
JAPAN, a major coal and liquefied natural gas (LNG) buyer, could be energy-independent by 2060 thanks to expansion of solar and wind power together with storage batteries, said Jarand Rystad, chief executive of the Rystad Energy consultancy. Japan imports most of its energy resources, with the Middle East, Australia and the United States being its…
Read MoreThai bourse picks outsider for new president amid market slump
THE Stock Exchange of Thailand has picked an outsider to lead the bourse out of one of its worst periods in five decades amid a share price slump, an exodus by foreign funds and corporate scandals. Asadej Kongsiri, 53, was chosen to become the exchange’s new president for a four-year term starting in September, according…
Read MoreHot stock: Soilbuild Construction hits 5-year high on Tuas Port construction contract win
SHARES of Soilbuild Construction surged on Friday (Jun 14) morning, after the group announced that it bagged a S$647.5 million Tuas Port construction contract the day prior. As at 9.25 am, the counter surged 113.9 per cent or S$0.041 to S$0.077, with about 6.5 million shares changing hands. The last time it reached such levels…
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