Posts by Stephanie Irvin
Thai baht, Taiwan dollar, Korea won most at risk from oil price, Barclays says
Sovereign bonds from Singapore and South Korea would be among the most affected in the event of another 20% spike in oil prices Published Tue, Jun 17, 2025 · 05:36 PM [SINGAPORE] A surging oil price is likely to trigger a depreciation in Asian currencies, notably the Thai baht, Taiwan dollar and Korean won, according…
Read MoreRecord central banks expect gold reserves to rise amid de-dollarisation: survey
[SINGAPORE] A record high number of central banks are expecting a gold buying spree among the reserve managers in the next 12 months, based on data released by World Gold Council (WGC) on Tuesday (Jun 17). Among the 73 central banks polled, some 95 per cent of them indicated that they expect global central banks…
Read MoreJapan’s Nikkei hits 4-month high on Wall Street’s lead
Published Tue, Jun 17, 2025 · 03:25 PM [TOKYO] Japan’s Nikkei share average advanced to a four-month high on Tuesday (Jun 17), tracking overnight Wall Street gains following signs of a potential de-escalation of tensions in the Middle East. Bank shares rose after the Bank of Japan signalled it is still on track to raise…
Read MoreCentral banks favour gold over US dollar for reserves: survey
[LONDON] Central banks around the world expect their gold holdings as a proportion of their reserves to increase over the next five years while expecting their US dollar reserves to be lower, a survey by the World Gold Council (WGC) showed. Gold demand from central banks has risen significantly over the past three years despite…
Read MoreBlackRock says super-rich want private credit as PE returns lag
[NEW YORK] Family offices want more of the private credit boom. More than half of 175 family offices around the world are optimistic about private credit and almost one-third said they intend to increase allocations to the asset this year, the most of any type of alternative investment, according to a survey released on Tuesday…
Read MoreBOJ to slow pace of bond taper next year as fresh risks emerge
[TOKYO] The Bank of Japan kept interest rates steady on Tuesday and decided to decelerate the pace of its balance sheet drawdown next year, signaling its preference to move cautiously in removing remnants of its massive, decade-long stimulus. The decision came as an escalating Middle East conflict and US tariffs complicate the BOJ’s task of…
Read MoreRise in ‘harmful content’ since Meta policy rollbacks: survey
[WASHINGTON] Harmful content including hate speech has surged across Meta’s platforms since the company ended third-party fact-checking in the United States and eased moderation policies, a survey showed Monday. The survey of around 7,000 active users on Instagram, Facebook and Threads comes after the Palo Alto company ditched US fact-checkers in January and turned over…
Read MoreStocks to watch: SIA, Q&M Dental Group
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 17): Singapore Airlines (SIA): The national carrier and its low-cost arm Scoot reported a 3.1 per cent year-on-year increase in passenger traffic in May, which eased from the previous month’s growth, according to its operating results on Monday. This…
Read MoreSoftBank seeks to raise US$4.9 billion in T-Mobile share sale
Published Tue, Jun 17, 2025 · 07:20 AM [NEW YORK] SoftBank Group is seeking to raise as much as US$4.9 billion in an unregistered overnight block sale of T-Mobile US shares, according to terms of the deal seen by Bloomberg News. The Japanese technology giant is offering 21.5 million shares for US$224 to US$228 each,…
Read MoreOil prices fall US$1 per barrel on reports Iran seeks truce with Israel
[NEW YORK] Oil prices slipped $1 per barrel on Monday in volatile trading after reports that Iran is seeking an end to hostilities with Israel, raising the possibility of a truce and easing fears of a disruption to crude supplies from the region. Brent crude futures settled US$1, or 1.35 per cent, lower to US$73.23 a barrel.…
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