Posts by Yurie Miyazawa
US: Stocks tumble at end of holiday week
WALL Street stocks stumbled Friday as major companies saw their shares fall towards the end of a holiday week. The Dow Jones Industrial Average lost 0.8 per cent to 42,992.21, while the broad-based S&P 500 slid 1.1 per cent to 5,970.84. The tech-heavy Nasdaq Composite Index plunged 1.5 per cent to 19,722.03. Steve Sosnick of…
Read MoreSingapore’s blue-chip gauge closes 0.3% higher
Gainers beat decliners 261 to 215 across the broader market, with 852.8 million securities valued at S$538.9 million being transacted SINGAPORE shares rose on Friday (Dec 27), with the Straits Times Index (STI) closing marginally higher after Wall Street was little changed overnight, post-Christmas. Trading volumes, as SPI Asset Management’s managing partner Stephen Innes noted,…
Read MoreSingapore’s container throughput hits over 40 million TEUs in 2024, breaks record
THE box throughput handled by the Singapore port in 2024 surpassed 40 million twenty-foot equivalent units (TEUs), exceeding its record of 39 million TEUs in 2023. The exact volume of containers the city-state handled for the year is expected to be published in January, but PSA Singapore – the operator with the major share of…
Read MoreAll fuelled up: Renewable energy wave pushes this Singapore stock to surge more than 370% this year
Singapore shares have had a very good year, as they outperformed many of its regional peers. That performance has mostly been on the back of heavyweights such as the three banks, which soared to record highs. The benchmark Straits Times Index (STI) surged to a 17-year high on Nov 8. The most traded stocks on the…
Read MorePhilippine central bank extends 2% to 4% inflation target through 2028
THE Philippines’ central bank said on Friday (Dec 27) it will maintain its current annual inflation target of 2 to 4 per cent through to the end of 2028, saying the outlook was for inflation to stay manageable. The target range remained an appropriate representation of the medium-term goal for price stability, given the current…
Read MoreFor Honda, a Nissan rescue comes with only a thin silver lining
ASKED what makes Nissan Motor a strong business partner, Honda Motor chief executive officer Toshihiro Mibe struggled to find the right words. “That’s a difficult one,” Mibe, having just announced plans to bring the two firms together under a single holding company, mused earlier this week before a packed room of journalists. His remark raised…
Read MoreGold set for weekly gain; focus on incoming Trump administration, US Federal Reserve’s 2025 path
GOLD prices were trading flat on Friday (Dec 27), but were set for a weekly rise, as markets awaited signals on the US economy under the incoming Donald Trump administration and the US Federal Reserve’s interest rate strategy for 2025. Spot gold was flat at US$2,632.79 per ounce, as at 0024 GMT. Bullion gained 0.45…
Read MoreNio’s mass market push draws scorn as EV maker promises a profit
IT’S a wonder three little headlights can stir up such debate. But that’s what many netizens in China have been driven to comment on following the launch of Nio’s newest sub-brand, Firefly. The electric hatchback was unveiled last weekend at Nio’s annual gathering for its customers, partners and media. The compact car will start from…
Read MoreChina Eastern to debut C919 on Shanghai-Hong Kong route in January
CHINA Eastern Airlines will launch the first commercial cross-border service operated by C919 between Shanghai and Hong Kong on Jan 1, state-owned China Central Television (CCTV) said on Thursday (Dec 26). Currently, the three big state-owned airlines in China all operate the C919, the narrow-body jet domestically developed by the Commercial Aircraft Corporation of China…
Read MoreChina’s CATL to seek Hong Kong listing
CHINESE battery manufacturer CATL said on Thursday (Dec 26) it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed. CATL plans to issue offshore H-shares and apply for a listing on the main board of the Hong Kong Stock Exchange, it said in the filing. CATL’s board has approved the…
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