Posts by Yurie Miyazawa
Gold market ructions drive Singapore exports to the US
GOLD shipments from Singapore to the US climbed to the highest level in almost three years in January, a further sign of the ructions in bullion trading after pricing disparities opened up in key markets. Volumes of the precious metal shipped from the South-east Asian city-state to the US rose to about 11 tonnes last…
Read MoreRaffles Medical jumps 6.7% on 100 million share buyback plan; posts 4.3% rise in H2 profit to S$31.6 million
PRIVATE healthcare provider Raffles Medical Group posted a 4.3 per cent rise in net profit to S$31.6 million for its second half ended Dec 31, 2024, from S$30.3 million in the previous corresponding period. The group also intends to buy back up to 100 million shares, representing 5.3 per cent of its total ordinary issued…
Read MoreTrump’s main target in metals tariffs is China, ex-trade adviser says
US PRESIDENT Donald Trump’s tariffs on aluminium and steel are motivated mostly by concerns that China is flooding the global market and harming US manufacturing, said a former trade adviser to the White House. The president signed an order this month to place 25 per cent levies on all imports of steel and aluminium, regardless…
Read MoreSeven & i Holdings picks Bain as preferred buyer in asset sale: report
Bain is believed to have offered a valuation of more than 700 billion yen for York Holdings JAPAN’S Seven & i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday (Feb 22). Bain has been competing…
Read MoreMalaysia’s Sunway sets sights on regional expansion
With success in its home base, the company is now looking to expand its reach in the region, especially in existing markets such as Singapore SINCE its launch more than 50 years ago, Sunway Group has made its name building sprawling new townships in Malaysia. But across the Causeway in Singapore, the group remains under…
Read MoreHong Kong and Singapore lead Asia’s drive to cash in on crypto boom
Hong Kong and Singapore are the front-runners in a push by Asian governments to become cryptocurrency hubs as they look to capitalise on the global resurgence of the sector thanks to the support of US President Donald Trump. Bitcoin recently hit a record of close to US$110,000 while others have also rallied on the back…
Read MoreWee Ee Cheong raises UOB stake after FY2024 record net profit
OVER the five trading sessions from Feb 14 to Feb 20, institutions were net sellers of Singapore stocks, leading to a net institutional outflow of S$217 million, reversing the net inflow of S$63 million over the preceding five sessions. This brings the net institutional outflow for the 2025 year to Feb 20 to S$850 million.…
Read MoreMarriage Over? Dissolution Might Be Your Better Option
Deciding to end a marriage is never easy, but understanding your options can make the process less overwhelming. Marriage dissolution offers a less confrontational alternative to traditional divorce, focusing on mutual agreement and cooperation. For couples willing to work together, it can be a more peaceful, cost-effective, and quicker way to move forward. Key Takeaways…
Read MoreUS Treasuries end week on high note on demand for safer bets
A LATE rally in the US Treasury market pushed the yield on 10-year notes lower for a sixth-straight week as traders hunt for safety amid lower stock and oil prices. The advance pushed yields lower across maturities on Friday (Feb 21) following unexpectedly weak economic data and an uptick in consumers’ long-run inflation views to…
Read MoreOil settles down US$2, posting weekly loss as Middle East risk premium fades
OIL prices settled down more than US$2 a barrel on Friday (Feb 21), posting a weekly decline as investors grappled with a fading Middle East risk premium alongside uncertainty about a potential peace deal in Ukraine. Brent futures settled down US$2.05, or 2.7 per cent, at US$74.43 a barrel, while US West Texas Intermediate crude…
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