Posts by Yurie Miyazawa
RBA reforms raise uncertainties over rate path, economists say
Australia’s surprise late-night passage of legislation that will split the Reserve Bank of Australia’s (RBA) board into two entities may pave the way for it to reveal votes similar to the Federal Reserve, while also raising uncertainty over the future path of interest rates. “The new monetary policy board is key – who will be…
Read MoreMacquarie seeks Japan, India fund bets as China appetite cools
MACQUARIE Group, one of the world’s biggest infrastructure investors, is looking to deploy more of its growing Asia cash pile in markets such as Japan and India as its appetite towards China cools. Greater China carries hard-to-quantify risks stemming from regulatory changes that are not always clear, making the likes of Japan, South Korea, India and…
Read MoreSingapore shares end higher on Friday amid cautious optimism; STI up 0.1%
SINGAPORE stocks closed on Friday (Nov 29) in the black, as global markets appeared to take Donald Trump’s impending presidency with cautious optimism. The benchmark Straits Times Index (STI) gained 0.1 per cent or 2.04 points to 3,739.29. Across the broader market, gainers outnumbered losers 269 to 217, with 862.3 million securities worth S$956.3 million…
Read MoreStocks to watch: IHH Healthcare, Digital Core Reit
THE following companies saw new developments that may affect trading of their securities on Friday (Nov 29): IHH Healthcare (IHH): The private healthcare group said on Thursday net profit for its third quarter ended Sep 30 was RM534 million (S$161.5 million), almost flat from RM532 million the year before. Earnings per share stood at 6.06…
Read MoreCar parts supplier company Valeo to cut around 1,000 jobs in Europe: sources
FRENCH car parts supplier Valeo will cut around 1,000 jobs in Europe, sources said, and the restructuring move will also result in Valeo closing two sites in France. The job cuts will impact more than 800 workers in France, while Valeo will also cut staff at operations in Germany, Poland and the Czech Republic, added…
Read MoreSBS Transit and French transport operator RATP Dev win tender to run Jurong Region Line
A JOINT venture between SBS Transit and French multimodal transport operator RATP Dev has won the tender to operate and maintain the Jurong Region Line, Singapore’s seventh Mass Rapid Transit (MRT) line. Both operators were awarded the nine-year licence, which includes an option for a two-year extension, by the Land Transport Authority (LTA) on Thursday…
Read MoreBank Negara Malaysia calls for fair insurance pricing as medical costs soar
BANK Negara Malaysia (BNM) on Thursday (Nov 28) instructed insurance companies to reassess their repricing strategies to ensure fairer implementation for policyholders due to concerns over rising premiums for medical insurance. The country’s healthcare costs have increased substantially, driven by medical inflation and greater use of medical services and procedures. BNM, also the country’s financial…
Read MoreAustralia central bank says inflation too high for near-term rate cut
AUSTRALIA’S top central banker said on Thursday (Nov 28) that core inflation was too high to allow for rate cuts in the near term, all but ruling out relief for borrowers at its next policy meeting in December. Reserve Bank of Australia (RBA) governor Michele Bullock told an economic conference that core inflation of 3.5…
Read MoreNew Zealand’s central bank to debate 25 or 50 basis points rate cut in February
NEW Zealand’s central bank will debate whether to cut interest rates by 25 or 50 basis points in February, a senior central banker said on Thursday (Nov 28), after having disappointed doves in the market who had wagered on a super-sized 75 bp move this week. Reserve Bank of New Zealand (RBNZ) assistant governor Karen…
Read MoreAustralia’s central bank overhaul revived in last minute talks
AUSTRALIA’S plans to overhaul the Reserve Bank of Australia (RBA), including splitting the current board in two, may be back on the agenda after the Labor government and minority left-wing Greens Party began last minute talks to revive the stalled legislation. The surprise change comes after earlier negotiations with the Greens had broken down over…
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