Posts by Yurie Miyazawa
Bullish outlook seen for WTI after breakout
WEST Texas Intermediate (WTI) oil prices have been off to a strong start in the new year, extending their gains from the last few trading sessions of 2024. The bullish price action was fuelled by a combination of the latest round of stimulus measures announced by the Chinese government and heightened demand for heating fuel…
Read MoreWill 2025 herald an IPO revival in China?
PRIVATE equity (PE) and venture capital (VC) funds in China had another gloomy year in 2024, but many in the industry are hoping that a revival is on the cards in the wake of renewed enthusiasm in the domestic stock market after a string of supportive measures from the government. The benchmark Shanghai Composite Index…
Read MoreGreenback firms as strong jobs data support Fed easing pause
THE US dollar rallied on Friday (Jan 10) after data showed that the world’s largest economy created more jobs than expected last month, reinforcing expectations that the Federal Reserve will pause its rate-cutting cycle at its policy meeting later this month. The greenback also extended gains following a report that showed US consumer inflation expectations…
Read MoreSunac can’t rule out 2nd offshore debt overhaul
Defaulted property developer Sunac China Holdings said it can’t rule out a second offshore debt restructuring as a prolonged property crisis dims its outlook and it faces another court petition to wind up operations. The company “doesn’t exclude seeking a more comprehensive holistic offshore debt solution”, given that current market conditions are “significantly below” expectations…
Read MoreChinese stocks enter bear market as geopolitical risks mount
Chinese shares fell for a fifth straight day, pushing a closely watched benchmark into a bear market, as geopolitical tensions simmer ahead of Donald Trump’s inauguration. The MSCI China Index dropped 1.5 per cent on Friday (Jan 10), taking its decline from an Oct 7 close to 20 per cent. The CSI 300 Index of…
Read MoreUS extends deadline for Nippon Steel to end US Steel bid to June
The Committee on Foreign Investment in the United States (CFIUS) approved an extension of the deadline for Nippon Steel to abandon its US$14.1 billion takeover of United States Steel Corp, according to a statement by US Steel. The deadline will be extended to Jun 18 from Feb 2 originally, following President Joe Biden’s order to…
Read MoreName Game: How to Know if Your Dream Business Name is Already Taken
Choosing a business name is like picking the face of your brand. It’s exciting, but it can also be a bit tricky. You want something that sticks, something that says who you are and what you do. But here’s the catch—you’ve got to make sure no one else has claimed it first. A business name…
Read MoreUS: Wall St opens lower after hot payrolls data stokes rate cut worries
WALL Street’s main indexes opened lower on Friday (Jan 10) after a better-than-expected jobs report fanned expectations that the Federal Reserve will take a measured approach to monetary policy easing this year. The Dow Jones Industrial Average fell 94.9 points, or 0.22 per cent, at the open to 42540.29. The S&P 500 fell 27.9…
Read MoreHow the Fed will help Singapore Reits outshine banks
SINGAPORE property owners have spent a long time languishing in the shadow of the chart-topping performance of the island’s banks. But with US Federal Reserve chairman Jerome Powell signalling the start of monetary easing from next month, the landlords’ day in the sun may not be far away. Higher-for-longer global interest rates pumped up the profitability of loans at Singapore’s three…
Read MoreMercedes-Benz car sales drop as China, EV slump take toll
MERCEDES-Benz Group car sales dipped last year as the German luxury-auto maker struggled with weak demand for pricey models in China and electric vehicles in Europe. The 3 per cent decline to 1.98 million vehicles was led by a slump in deliveries in China, its largest market, where consumers are shunning models like the…
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