Posts by Yurie Miyazawa
SGX securities turnover value up 5% in December despite lower market volume
THE total securities market turnover value on the Singapore Exchange (SGX) climbed 5 per cent on the year to S$20 billion in December, the bourse operator’s monthly market statistics report released on Thursday (Jan 9) showed. This comes despite December’s total market volume falling 15 per cent to 19.4 billion shares, from 22.7 billion shares clocked…
Read MoreS&P assigns ‘BBB-’ rating for Stoneweg European Reit on stable outlook
S&P Global Ratings has assigned Stoneweg European Real Estate Investment Trust (Stoneweg E-Reit) a ‘BBB-’ long-term issuer credit rating, as it expects the trust to deliver stable operational performance and cash flow over the next two years. On Friday (Jan 10), S&P said it is positive that the “sound quality” of Stoneweg E-Reit’s portfolio will…
Read MoreApollo weighs 1.5 trillion yen stake in Seven & i management buyout
APOLLO Global Management is considering taking a substantial stake in a bid by Seven & i’s founding Ito family to take the Japanese convenience store operator private, sources familiar with the matter said. The US private equity giant is discussing a commitment of as much as 1.5 trillion yen (S$13 billion) for an equity stake…
Read MoreNvidia slams Biden for trying to ‘pre-empt’ Trump with chip rules
NVIDIA criticised new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules. The looming changes, which Bloomberg News reported on Wednesday (Jan 8), would cap the sale of US artificial intelligence (AI) chips on both a country and…
Read MorePrivate lenders set to take over Alacrity in debt restructuring
DIRECT lenders including Antares Capital, Blue Owl Capital and KKR are preparing to take over insurance claims manager Alacrity Solutions, the latest restructuring in the private credit market, according to sources with knowledge of the matter. BlackRock is set to hand over control of the company to its lenders less than two years after it…
Read MoreGold prices on track for weekly gain; US data on tap
GOLD prices remained stable on Friday (Jan 10) during early Asian hours, poised for their strongest week since mid-November, as investors awaited US jobs data to gauge how aggressively the Federal Reserve might cut interest rates this year. Spot gold was unchanged at US$2,670.16 per ounce, as at 0044 GMT. Bullion has gained more than…
Read MoreStocks to watch: Sats, Hotel Properties, Manulife US Reit
THE following companies saw new developments that may affect trading of their securities on Friday (Jan 10): Sats: The company and its wholly owned subsidiary Worldwide Flight Services (WFS) have clinched 14 new cargo and ground-handling contracts from Air India in major airports around the world. The group landed these deals in a global tendering…
Read MoreUniqlo operator posts higher Q1 profit despite sluggish China results
THE operator of the Uniqlo global clothing chain reported first quarter results on Thursday (Jan 9) that trailed analyst forecasts as a sharp decline in profit in China overshadowed strong sales in its home market of Japan. Fast Retailing said operating profit rose 7.4 per cent to 157.6 billion yen (S$1.4 billion) in the three…
Read MoreEurope: Markets rise as mining, healthcare surge amid bond market jitters
EUROPEAN markets ended on Thursday (Jan 9) on a high note, driven by a rally in healthcare and mining sectors, despite uncertainties over monetary policy and US tariff plans, which kept bond markets on edge. The pan-European Stoxx 600 index nudged up by 0.4 per cent, closing at 515.84 points, buoyed by a rally in…
Read MoreFrom banks to tech: Potential Singapore winners from the Johor-Singapore SEZ
SINGAPORE and Malaysia have established a new Johor-Singapore Special Economic Zone (JS-SEZ) that will drive investments in key sectors. The 11 key sectors are: manufacturing, logistics, food security, tourism, energy, the digital economy, green economy, financial services, business services, education and health. Both countries have aimed for 100 projects in the next 10 years, and…
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