Posts by Yurie Miyazawa
US dollar mixed as yen sell-off wanes, euro hit by French politics
[NEW YORK] THE US dollar was mixed on Thursday (Oct 9) as a sell-off in the Japanese yen appeared exhausted for now, while the euro was dented by political uncertainty. The yen reached its weakest level since mid-February against the greenback on concerns that Sanae Takaichi, the newly elected head of Japan’s ruling party, will…
Read MoreSurprise rate decisions in Asia signal growing economic unease
They underscore growing domestic economic and market uncertainties exacerbated by US tariffs [HONG KONG] Three central banks over two days surprised markets and economists with unexpected interest rate decisions, each flashing warning signs over growth in the coming months and stirring uncertainty over the path of policy. Reserve Bank of New Zealand (RBNZ) cut its…
Read MoreMatcha mania hits Singapore as retail prices soar
AS matcha’s popularity continues to skyrocket, the demand for this vibrant green tea is outpacing supply. This story takes a closer look…
Read MoreTop Singapore fund Lion Global wins with ‘forgotten’ small-caps
The company sees the small- and mid-cap strategy continuing to succeed over the longer term as well [SINGAPORE] Lion Global Investors’ strategy of investing in the shares of small and medium-sized Singaporean companies has made it one of the best performers in the city-state. The company likes construction and technology shares, some non-bank financial companies…
Read MoreShippers not expected to pay higher freight rates because of US port fees: Bimco
This is because more than half of the Chinese-built ships are below a stipulated size or are US-owned, and several liner operators have pledged not to raise rates [SINGAPORE] Shippers are not expected to pay higher freight rates when the United States port fees targeting Chinese-related ships kick in, even though 35 per cent of…
Read MoreIndustrial property developer Soon Hock Enterprise to offer 21.6 million shares at S$0.58 apiece in mainboard listing
The company expects to raise net proceeds of about S$34.6 million, part of which will be used for land-site and building acquisitions [SINGAPORE] Industrial property developer Soon Hock Enterprise has launched its initial public offering (IPO) of 21.6 million shares at S$0.58 each, in conjunction with its mainboard listing on the Singapore Exchange (SGX). The…
Read MoreIndonesia considering bioethanol-blended fuel mandate, minister says
Indonesian government is seeking to expand the use of biofuels made from palm oil and sugar cane [JAKARTA] Indonesia is considering setting a mandatory bioethanol content level of 10 per cent for petrol sold in the country to lower carbon dioxide emissions and reduce its dependence on fuel imports, state news agency Antara reported on…
Read MoreInfo-Tech Systems’ CFO to resign, shortly after SGX mainboard listing
Gan Lai Thong’s last day in the role will be Dec 31, 2025; no replacement announced yet [SINGAPORE] The chief financial officer (CFO) of software provider Info-Tech Systems will leave his post, the company said just three months after it made its debut on the Singapore Exchange (SGX) mainboard. The listing of the software-as-a-service firm…
Read MoreNYSE parent nears deal for US$2 billion stake in crypto-based betting startup Polymarket: sources
INTERCONTINENTAL Exchange, the parent of New York Stock Exchange, is in talks to invest US$2 billion in Polymarket, The Wall Street Journal reported on Tuesday (Oct 7), citing people familiar with the matter. The deal could potentially value the crypto-based betting platform between US$8 billion and US$10 billion, the report said. Reuters had reported earlier…
Read MoreHP bets on AI personal computers to drive revenue, eyes Asia for growth
At least one in four PCs sold by the US computer maker are AI-enabled and that could grow as customers upgrade [SINGAPORE] The lockdowns stemming from the Covid-19 pandemic drove the revenues of many tech companies as people who were forced to remain at home rushed to upgrade their tech, be it for work or…
Read More