Posts by Yurie Miyazawa
Stamford Tyres puts commercial property at 455 MacPherson Road up for sale at S$12.5 million
With a land area of 10,236 square feet, the location currently houses one of the company’s tyre retail outlets [SINGAPORE] Tyre and wheel distributor Stamford Tyres (Stamford) has put its commercial property at 455 MacPherson Road up for sale. According to a listing on CommercialGuru, the property is being marketed at a starting price of…
Read MoreStamford Tyres puts commercial property at 455 MacPherson Road up for sale at S$12.5 million
With a land area of 10,236 square feet, the location currently houses one of the company’s tyre retail outlets [SINGAPORE] Tyre and wheel distributor Stamford Tyres (Stamford) has put its commercial property at 455 MacPherson Road up for sale. According to a listing on CommercialGuru, the property is being marketed at a starting price of…
Read MoreSTI ends flat on Wednesday amid mixed regional trading
The best performer was Yangzijiang Shipbuilding, while the biggest loser was Genting Singapore [SINGAPORE] Singapore stocks ended flat on Wednesday (Nov 19), amid mixed regional trading. The benchmark Straits Times Index (STI) edged up 0.01% or 0.55 points to finish at 4,505.22. Meanwhile, the iEdge Singapore Next 50 Index lost 0.5 per cent or 7.15…
Read MoreAI bubble and growth fears are creeping into US credit markets
[NEW YORK] The malaise sweeping financial markets globally is creeping into credit markets. Risk premiums on everything from investment-grade corporates to junk bonds are hovering near their highest levels in weeks. On Monday (Nov 17), investors withdrew about 40 per cent of bond orders on several corporate bond offerings after seeing final pricing, an unusually…
Read MoreUS: Wall St opens lower as valuation concerns, rate-cut jitters linger
[NEW YORK] Wall Street’s main indexes fell at the open on Tuesday (Nov 18), as concerns over lofty equity valuations and dimming chances of an interest rate cut from the Federal Reserve weighed on sentiment, while investors look ahead to Nvidia’s earnings and key government data due later this week. The Dow Jones Industrial Average…
Read MoreOil prices ease after loadings resume at Russian export hub
[HOUSTON] Oil prices eased on Monday as loadings resumed at Russia’s Novorossiysk export hub after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack. Brent crude settled 19 cents, or 0.3 per cent, lower at US$64.20 a barrel, while US West Texas Intermediate crude eased 18 cents, or 0.3…
Read MoreJ&J to buy Halda Therapeutics in US$3.05 billion cash deal
[NEW YORK] Johnson & Johnson has agreed to buy the cancer treatment biotech Halda Therapeutics for US$3.05 billion cash, part of a strategy to cope with eroding sales for its major psoriasis drug. Halda is testing a therapy for prostate cancer. The biotech is also testing drugs for breast, lung and multiple other tumour types,…
Read MoreHyundai pledges record US$85.8b investment in South Korea
Hyundai called it “the company’s largest-ever domestic investment commitment” [SEOUL] South Korean auto giant Hyundai Motor Group pledged on Monday (Nov 17) an unprecedented US$85.8 billion investment in the country over the next five years, a move that comes on the heels of Seoul’s trade deal with Washington. Hyundai called it “the company’s largest-ever domestic…
Read MoreEQT billionaire takes on Wall Street titans with big Asia push
The firm may not be a household name but it’s grown to become the largest non-US private equity firm in the world, with US$310 billion in assets [HONG KONG] Billionaire investor Jean Eric Salata’s first foray into Asia was painful: Five write-offs in India and mounting losses worth hundreds of millions of US dollars. Times…
Read MoreBoeing says partnership for T-7 trainer export bid imminent
[DUBAI] Boeing is close to announcing a partnership to bid for an international sales opportunity for its T-7 trainer, company executives said on Sunday (Nov 16), highlighting fast-growing demand for lightweight military training jets. Reuters reported in July that Boeing and Sweden’s Saab were in talks with Britain’s BAE Systems on teaming up on a…
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