Posts by Yurie Miyazawa
Greenback recovers as markets in consolidation mode; pares gains after data
The US dollar rose against a broad range of currencies on Friday (Feb 21) including the euro, sterling and those tied to commodities such as the Australian dollar, as investors consolidated positions ahead of the weekend, looked to more expected inflation data and kept an eye on tariff headlines. “The greenback is undergoing a technical…
Read MoreUS: Wall Street ends sharply lower on mounting concerns over economy, tariffs
US stocks tumbled on Friday (Feb 21), extending their sell-off in the wake of dour economic reports and closing the book on a holiday-shortened week fraught with new tariff threats and worries of softening consumer demand. All three major US stock indexes moved decisively lower on the heels of the data, and continued their slide…
Read MoreDisclosure-based regulatory system and investor protection ‘not mutually exclusive’: Chee Hong Tat
THE move towards a more disclosure-based regulatory system for Singapore’s equity market does not mean that protection for investors will be relaxed, said Chee Hong Tat, the Second Minister for Finance, on Friday (Feb 21). “I think the two are not mutually exclusive, and they can be achieved together,” said Chee, who was speaking at…
Read MoreSats posts 123.5% rise in Q3 net profit on higher business volume, rate increases
CATERING and ground handling company Sats posted a 123.5 per cent increase in net profit to S$70.4 million for the quarter ended Dec 31, 2024, from S$31.5 million a year earlier. This came as revenue over the same period rose 12.5 per cent year on year to S$1.5 billion, from S$1.4 billion. In its third-quarter…
Read MoreSingapore stocks end up on Friday as regional indices gain ground; STI expands 0.1%
SINGAPORE equities finished higher on Friday (Feb 21) amid regional gains and a flurry of earnings reports. The benchmark Straits Times Index added 0.1 per cent or 2.43 points to 3,929.94. Across the broader market, losers beat gainers 277 to 270, as 1.5 billion securities worth S$1.7 billion changed hands. Key indices climbed on Friday.…
Read MoreTrust Bank hits one million customers, launches investment products
SINGAPORE digital bank Trust Bank has hit the one-million-customer milestone, making up about 20 per cent of the adult population in the city-state. It crossed the milestone in February, up from 974,000 customers at the end of 2024. It has more than 140,000 customers under 25 years old, and over 250,000 customers above 55 years…
Read MoreStanChart CEO Winters’ 2024 pay jumps 46% on-year
The surge in total remuneration comes mainly from a nearly 78% increase in the long-term incentive award STANDARD Chartered chief executive officer Bill Winters’ total salary for 2024 came up to nearly £10.7 million (S$18.1 million), a year-on-year jump of 46 per cent from £7.3 million. This was spurred mainly by the long-term incentive part…
Read MoreJefferies hires two senior traders from CLSA in Asia push
JEFFERIES Financial Group hired two senior traders from CLSA, building out in Asia-Pacific after its revenue in the region jumped last year, a source familiar with the matter said. Robert Levine, co-head of trading and execution services, and Cale McCulloch, former head of Hong Kong and China sales trading, resigned recently to join the US…
Read MoreStanChart to return US$1.5 billion more as earnings beat
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates, boosted by a strong performance in its trading and wealth business. The London-headquartered bank announced a fresh buyback which would bring total shareholder distributions to US$4.9 billion since 2023, it said on Friday (Feb 21).…
Read MoreStanChart to return US$1.5 billion more as earnings beat
STANDARD Chartered said it would hand back US$1.5 billion more to shareholders as it reported fourth-quarter earnings that beat estimates, boosted by a strong performance in its trading and wealth business. The London-headquartered bank announced a fresh buyback which would bring total shareholder distributions to US$4.9 billion since 2023, it said in a statement…
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