Posts by Yurie Miyazawa
Oil drops as dour economic outlook adds to oversupply concerns
OIL prices fell on Thursday (Dec 19) after central bankers in the US and Europe signalled caution over further easing of monetary policy, fanning concerns that weak economic activity could dent demand for oil next year. Brent crude futures fell by 51 US cents, or 0.7 per cent, to settle at US$72.88 a barrel. US…
Read MoreFed’s hawkish tilt has emerging markets scurrying to save currencies
CENTRAL banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday (Dec 19), hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year. The Fed’s tacit acknowledgement of the inflationary risks likely to come from incoming president Donald Trump’s immigration and trade policies unnerved…
Read MoreScoot apologises after KL-bound flight took off 1½ hours earlier than scheduled on Nov 1
BUDGET carrier Scoot has apologised after one of its flights took off from Changi Airport about 1½ hours earlier than scheduled on Nov 1. Scoot flight TR456 was originally scheduled to depart from Singapore for Kuala Lumpur at 4.50am. But the flight was rescheduled and departed earlier at 3.21am due to “operational reasons”, Scoot said…
Read MoreAmazon delays return-to-office mandate for thousands of workers due to space
AMAZON.com will not have enough space for thousands of employees when they start returning to the office five days a week next month. The company recently told some personnel working in at least seven cities – including Austin, Dallas and Phoenix – that their return dates will be pushed back as much as four…
Read MoreS-Reits fall despite Fed’s 25-basis-point rate cut
SINGAPORE-LISTED real estate investment trusts (S-Reits) were a sea of red on Thursday (Dec 19) afternoon, even after the US Federal Reserve lowered interest rates by 25 basis points (bps). As at 3.50 pm, retail plays BHG Retail Reit and Lippo Malls Indonesia Retail Trust were the largest percentage decliners. BHG Retail Reit was down…
Read MoreAirbnb Host Income Calculator
Ever wondered just how much cash you could rake in by listing your place on Airbnb? Well, you’re not alone. Loads of folks are jumping on the short-term rental bandwagon, trying to figure out if it’s worth their time and investment. This guide breaks down the basics of estimating your potential earnings using tools like…
Read MoreCompanies that spent billions on M&A are now selling for peanuts
COMPANIES that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices. Alibaba Group Holding announced on Tuesday (Dec 17) that it’s going to sell the Chinese department-store chain Intime to a local apparel group for US$1 billion. The price is around 30 per cent of the company’s…
Read MoreAlibaba, BlackBerry among companies selling assets for peanuts after splurging billions buying them
COMPANIES that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices. Alibaba Group Holding announced on Tuesday (Dec 17) that it’s going to sell the Chinese department-store chain Intime to a local apparel group for US$1 billion. The price is around 30 per cent of the company’s…
Read MoreIndonesian arm of Malaysia’s Mr DIY climbs on market debut
THE Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group shook off a wobbly start to rise on its stock market debut on Thursday (Dec 19). The listing came against the backdrop of broad weakness in Asian stocks after the US Federal Reserve cautioned it would ease the pace of rate cuts in the…
Read MoreIndonesian arm of Malaysia’s Mr DIY drops on market debut
THE Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group dropped in its stock market debut on Thursday (Dec 19) after raising 4.2 trillion rupiah (S$352 million) in Indonesia’s biggest listing in more than a year. The market debut came against the backdrop of broad weakness in Asian stocks after the US Federal Reserve…
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