Posts by Yurie Miyazawa
DBS to redeem US$1 billion of 3.3% perpetuals on Feb 27
DBS on Friday (Jan 10) announced that it will redeem all US$1 billion of its 3.3 per cent perpetual capital securities on Feb 27, the first call date of the securities. The securities will be subsequently cancelled and delisted from the Singapore Exchange. The Monetary Authority of Singapore has approved the securities’ redemption, said DBS.…
Read MoreBMW sales slide after brake fault recall, China demand slump
BMW car sales slipped last year as a costly recall compounded a slump in demand in China that’s hit Germany’s automakers hard. Sales of the group’s cars, which also include the Mini and Rolls-Royce brands, dropped 4 per cent to 2.45 million vehicles in 2024, the company said on Monday (Jan 13). BMW walked back…
Read MoreSingapore stocks fall amid regional rout; STI down 0.3%
Analyst says strengthened greenback has created overhang in risk sentiment across Asia SINGAPORE stocks fell on Monday (Jan 13) as investors digested stronger-than-expected US employment numbers, which dimmed interest-rate-cut expectations. The Straits Times Index (STI) fell 0.3 per cent or 9.86 points to 3,791.70. Across the broader market, losers beat gainers 349 to 193, with…
Read MoreChina vehicle export growth to slow in 2025, association data shows
CHINA’S vehicle exports are expected to grow 5.8 per cent to 6.2 million units this year, cooling from a 19.3 per cent increase in 2024, data from the China Association of Automobile Manufacturers (CAAM) showed on Monday (Jan 13). A slowdown in estimated exports contrasts with a slight uptick forecast for vehicle sales in China…
Read MoreBezos says space industry has room for ‘multiple winners’
AMAZON-FOUNDER and billionaire Jeff Bezos said the space industry has room for “multiple winners”, including his own firm Blue Origin and the company it most hopes to challenge, Elon Musk’s SpaceX. “There is going to be new uses for space that’s going to drive demand for large capacity up,” Bezos said in an interview with…
Read MoreChina’s central bank chief vows to supply ample liquidity
CHINA’S central bank chief said on Monday (Jan 13) the government will support moderately loose monetary policy to maintain ample liquidity as it tries to stimulate the economy and soften the impact of geopolitical uncertainties. Pan Gongsheng, governor of the People’s Bank of China (PBOC), said the central bank will apply various tools such as…
Read MoreMalaysia imposes anti-dumping duties on iron, steel imports from four countries
MALAYSIA’S trade ministry said it has imposed provisional anti-dumping duties on some flat-rolled products of iron or non-alloy steel exports from China, India, Japan and South Korea. The duties, on products with a width of more than 600mm (23.62 inches), range from 2.52 to 36.8 per cent and were effective from Jan 11, the ministry…
Read MoreGold flat amid Trump policy uncertainty, strong US data
GOLD prices held steady on Monday (Jan 13), caught between uncertainty around the incoming Trump administration’s policies boosting safe-haven demand and a strong US employment report that supported the Federal Reserve’s caution on future rate cuts. Spot gold held ground at US$2,690.49 per ounce, as at 0028 GMT, hovering near the high since Dec 12…
Read MoreA*Star, Grand Venture Technology to develop manufacturing platform for advanced ceramics
GRAND Venture Technology (GVT) and the Agency for Science, Technology and Research (A*Star) will be working together to develop a customised manufacturing platform for advanced ceramics. On Monday (Jan 13), the manufacturing service provider said the tie-up will allow GVT to capture opportunities in high-growth industries and strengthen its competitive edge. It added: “This…
Read MoreBain matches CC Capital’s A$2.9 billion offer for Insignia
BAIN Capital sweetened its bid for Insignia Financial as takeover activity heats up for the Australian wealth manager. The Boston-based private equity firm offered A$4.30 per share, Insignia said on Monday (Jan 13). That matched an earlier bid from CC Capital Partners and comes after Insignia rejected a lower offer last month from Bain. …
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