Posts by Yurie Miyazawa
Asian LNG prices set to rise after Russia-Ukraine transit ends
THE end of Russian natural gas flows to Europe via Ukraine is likely to boost competition with Asia and prices for alternatives. Ukraine hopes increased supply of gas from the US and other producers to Europe will make prices more comfortable, President Volodymyr Zelensky said on Wednesday (Jan 1). Russia’s invasion of its neighbour in…
Read MoreChina may miss target for cleaning up largest steel industry
CHINA looks set to miss a year-end target for boosting production of less-polluting steel as usage rates for cleaner, newer furnaces stall and the property crisis weighs on demand and prices. The country is the world’s largest polluter as well as its biggest steelmaker, and efforts to clean up production of the alloy form part…
Read MoreDigital Core Reit to lose sole tenant at North Virginia property
DIGITAL Core Reit announced on Thursday (Jan 2) that the option to renew the lease for 8217 Linton Hall in Northern Virginia by the occupying customer expired and was not exercised on Dec 31, 2024. The building is a one-storey data centre facility east of Linton Hall, in a transition area between heavy industrial uses…
Read MoreStocks to watch: Nio, SingPost, Digital Core Reit, Trendlines
THE following companies saw new developments that may affect the trading of their securities on Thursday (Jan 2):
Read MoreAlibaba to sell Sun Art to buyout firm DCP for HK$12.3 billion
ALIBABA Group Holding agreed to sell its shares in Sun Art Retail Group to private equity firm DCP Capital, unloading another high-profile physical commerce asset to focus on its core online business. China’s e-commerce pioneer said it could receive gross proceeds of up to HK$12.3 billion (S$2.2 billion) from selling its more than 70 per…
Read MoreDyna-Mac shareholders may have dodged a bullet as company delists
WHEN South Korean conglomerate Hanwha first launched its cash offer for shares in offshore oil-and-gas contractor Dyna-Mac in September 2024, it purportedly had no plans to take the Singapore-listed company private. To be precise, offeror Hanwha Ocean SG said then that it “does not have any present intention to actively pursue the delisting” of Dyna-Mac…
Read MoreSinglife launches product-agnostic shared services hub for financial advisers
FINANCIAL advisers contracted to sell products from a specific insurance company or financial institution – or so-called tied agents – can now tap into a product-agnostic shared services hub to establish their own firms. This comes as home-grown financial services company Singlife on Thursday (Jan 2) officially launched its Propel with Singlife platform. The platform…
Read MoreWorld’s 500 richest people surpass US$10 trillion in wealth in 2024
THE world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined US$10 trillion net worth. An indomitable rally in US technology stocks played a key role in turbocharging the trio’s wealth, as well as the fortunes of…
Read MoreSingapore-flagged ship collides with Japan-flagged vessel in Chinese waters
A SINGAPORE-FLAGGED ship collided with a Japan-flagged vessel in Chinese waters on Dec 30. Singapore bulk carrier Yangze 22 ran into Japanese bulk carrier Vega Dream in the Changjiang River at about 10 pm, said the Maritime and Port Authority of Singapore (MPA) on Dec 31. No injuries to the crew on either ship were reported, added…
Read MoreNio delivers 221,970 vehicles in 2024, achieving delivery record high in December
It has delivered 31,138 vehicles in the month, 72.9 per cent higher than the year ago period CHINESE electric vehicle (EV) maker Nio delivered a record 72,689 vehicles in the fourth quarter of 2024, 45.2 per cent higher than the previous year. For the full year, the group delivered 221,970 vehicles, a 38.7 per cent…
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