Posts by Yurie Miyazawa
DBS’ Piyush Gupta sees US as global growth engine in 2025 but warns of headwinds
OUTGOING DBS chief executive officer Piyush Gupta expects the US to remain as a global growth engine, but warns of three potential headwinds that could lead to a market correction. Gupta, who joined the Singapore bank in 2009 from Citibank, will be passing the reins to Tan Su Shan, the group’s head of institutional…
Read MoreSingapore family offices exceed 2,000 in 2024, up 43% on year
THE number of single family offices (SFOs) in Singapore continued to grow last year to exceed 2,000 by the end of 2024. That’s according to Chee Hong Tat, the second minister for finance and deputy chairman of the Monetary Authority of Singapore, on Tuesday (Jan 14). In mid-September, Chee said the central bank had awarded…
Read MoreAsia: Markets mixed as traders eye US inflation data, earnings
ASIAN markets diverged on Tuesday (Jan 14) as bargain buying after recent losses played against ongoing worries about the outlook for the global economy and the impact of a second Donald Trump presidency. A report saying the incoming US leader’s economics team was considering slowly hiking tariffs on imports provided support to traders and put…
Read MorePhilips CEO sees subdued China sales this year
PHILIPS CEO Roy Jakobs said he still expects subdued demand in China this year due to healthcare anti-corruption efforts by the Chinese government that has hurt revenue there for Western companies. Jakobs in a Sunday (Jan 12) interview said volatility in the Chinese market could increase this year depending on the foreign trade policies adopted…
Read MoreChina discusses sale of TikTok US to Elon Musk as one possible option: sources
CHINESE officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok if the company fails to fend off a controversial ban on the short-video app, according to sources familiar with the matter. Beijing officials strongly prefer that TikTok remains under the ownership of parent ByteDance, the sources say, and…
Read MoreSingapore shares open lower on Tuesday; STI down 0.1%
SINGAPORE shares began Tuesday (Jan 14) trading in negative territory as overseas markets closed mixed. As at 9.01 am, the Straits Times Index (STI) was down 0.1 per cent or 3.64 points at 3,788.06. Across the broader market, gainers outnumbered losers 64 to 40 after 40.5 million securities worth S$80.9 million changed hands. Seafood supplier…
Read MoreGlobal electric vehicle sales up 25% in record 2024
GLOBAL sales of fully electric and plug-in hybrid vehicles rose by a quarter last year to over 17 million cars, helped by a fourth consecutive month of record sales in December as China continued to grow and Europe stabilised, data showed on Tuesday (Jan 14). Incentives and emission targets pushed electric vehicle (EV) sales in…
Read MoreStocks to watch: SingPost, First Reit, Fu Yu, Disa
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jan 14): Singapore Post (SingPost): Former group chief executive Vincent Phang has resigned from his role as a non-executive, non-independent director with effect from Jan 12. Phang and two other SingPost senior executives were fired last year as they were…
Read MoreOil prices climb 2% to four-month high with sanctions expected to disrupt Russian supplies
OIL prices climbed about 2 per cent to a four-month high on Monday (Jan 13) on expectations that wider US sanctions on Russian oil would force buyers in India and China to seek other suppliers. Brent futures rose US$1.25, or 1.6 per cent, to settle at US$81.01 a barrel, while US West Texas Intermediate (WTI)…
Read MoreEurope: Stocks dip to one-week low amid speculation over Fed rate cuts
EUROPEAN shares fell to a one-week low on Monday (Jan 13) amid a broader market sell-off as global equities came under pressure following US jobs data, which strengthened expectations that the Federal Reserve will approach interest rate cuts cautiously this year. The pan-European Stoxx 600 index closed down 0.6 per cent at 508.68 points, its…
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