Posts by Yurie Miyazawa
China cash squeeze rolls on even after PBOC liquidity boosts
CHINA’S cash squeeze extended with some signs of disruption to trading, as a liquidity infusion from Beijing failed to counteract a spike in demand for funds. The volume-weighted average rate of seven-day repurchase transactions in the money market, a gauge of borrowing costs, climbed to 2.32 per cent, the highest since October 2023. Late Wednesday…
Read MoreLatest Singapore 6-month T-bill cut-off yield slips to 2.99%
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) fell to 2.99 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jan 16). This was down from the 3.05 per cent offered in the previous six-month auction that closed on Jan 2. Demand for the latest tranche rose.…
Read MoreTSMC drives record investment into US, Japan in China decoupling
TAIWAN’S companies invested a record amount of money in the US and Japan last year while the figure for China stagnated – highlighting supply-chain shifts resulting from tech rivalries and worsening cross-strait ties. Flows into the US reached US$14.1 billion in 2024, driving total Taiwanese foreign direct investment to US$48.6 billion, both record highs, according…
Read MoreSingapore shares open higher on Thursday; STI up 1.2%
SINGAPORE equities began Thursday (Jan 16) in positive territory, tracking gains in global markets. As at 9.01 am, the Straits Times Index (STI) climbed 44.36 points or 1.2 per cent to 3,816.94. Across the broader market, gainers outnumbered losers 104 to 15 after 41.7 million securities worth S$72.6 million changed hands. CapitaLand Integrated Commercial Trust…
Read MoreBlackstone seeks US$3 billion in sale of Bob Dylan, Adele song rights
BLACKSTONE has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch US$3 billion or more, sources with knowledge of the matter said. A handful of financial firms, including Apollo Global Management, Warburg Pincus and Temasek Holdings, Singapore’s state-owned investment firm,…
Read MoreTemasek among parties said to be keen on Blackstone’s US$3 billion sale of Bob Dylan, Adele song rights
BLACKSTONE has hired financial advisers to explore the sale of song rights, including music from Bob Dylan, Adele and Ariana Grande, that it expects to fetch US$3 billion or more, sources with knowledge of the matter said. A handful of financial firms, including Apollo Global Management, Warburg Pincus and Temasek Holdings, Singapore’s state-owned investment firm,…
Read MoreUS Federal Reserve trio express confidence inflation will continue to slow
A CLUTCH of US Federal Reserve officials on Wednesday (Jan 15) welcomed fresh data showing a crucial gauge of consumer prices in December rose less than expected, giving them confidence inflation would continue to ebb. “The process of disinflation remains in train. But we are still not at our 2 per cent goal, and it…
Read MoreOnline Business Dreams? 8 Steps to Making Them Reality
Dreaming of starting an online business? You’re not alone. Many folks have that itch to create something of their own, especially in the digital world. It’s exciting, but also a bit overwhelming, right? There’s just so much to think about. From planning your business to managing finances, it can seem like a mountain to climb.…
Read MoreGoldman Sachs beats profit estimates; Wells Fargo benefits from dealmaking rebound
The investment bank’s shares rose 2.6% before the bell on Wednesday, while Wells Fargo’s profit was powered by a rebound in dealmaking activity Goldman Sachs posted its biggest profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in…
Read MoreGuocoLand bags S$1.2 billion in green loans
One of the two facilities is the group’s largest to date, and will be used to refinance its latest integrated mixed development GuocoLand has secured, under the group’s green finance framework, two green club facilities, worth about S$1.2 billion in total, from DBS and OCBC. The first is a S$1.1 billion green facility for the…
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