Posts by Yurie Miyazawa
BlackRock targets money-market fund business in new ETF push
BLACKROCK is throwing its weight behind an early push to bring exchange-traded funds (ETFs) to money-market investors. The asset-management company – which helped hasten the widespread adoption of ETFs – is seeking regulatory approval for two new funds, the iShares Government Money Market ETF and the iShares Prime Money Market ETF, according to filings with…
Read MoreBlackRock targets money-market fund business in new ETF push
BLACKROCK is throwing its weight behind an early push to bring exchange-traded funds (ETFs) to money-market investors. The asset-management company – which helped hasten the widespread adoption of ETFs – is seeking regulatory approval for two new funds, the iShares Government Money Market ETF and the iShares Prime Money Market ETF, according to filings with…
Read MoreTesla fans go all in driving US$300 billion rally on Trump win
TESLA fans have been reinvigorated by Donald Trump’s presidential triumph. The stock’s climb has been seemingly unstoppable as investors pile into the shares, confident that a second Trump term will bring windfalls to the Elon Musk-led electric vehicle maker. All together, the stock has advanced over 39 per cent, adding more than US$300 billion in…
Read MoreUS: Wall Street at record highs as post-election rally continues
WALL Street’s main indexes opened at record highs on Monday (Nov 11) as optimism on proposed tax cuts and expectations of an easier regulatory environment after Donald Trump won the US presidency continued to lift stocks. The Dow Jones Industrial Average rose 254.75 points, or 0.58 per cent, at the open to 44,243.74. The…
Read MoreLendlease Global Reit posts 89.5% committed occupancy portfolio for Q1 FY2025
LENDLEASE Global Commercial Reit (Lendlease Global Reit) on Monday (Nov 11) posted a committed portfolio occupancy of 89.5 per cent for the first quarter ended Sep 30, up from 89.1 per cent in the previous quarter. This came from new leases committed for Building 3 of the Sky Complex property in Milan, Italy, the real…
Read MoreFood Empire’s Q3 revenue up 11.4% on strong showing across Asia markets
MAINBOARD-LISTED Food Empire on Monday (Nov 11) posted an 11.4 per cent rise in revenue to US$118.9 million for its third quarter ended Sep 30, from US$106.7 million a year ago. This was mainly due to improved revenue growth across all its markets in Asia, led by South-east Asia, which had the highest revenue increase…
Read MoreDBS CEO Piyush Gupta sells S$12.6 million worth of shares as DBS hits all-time high
DBS’ shares have shot past the S$40 mark; other major banks’ shares have also rallied amid bright Q3 earnings results OUTGOING DBS chief executive officer Piyush Gupta sold lots of his DBS shares on Nov 7 and 8, amid a bank rally that sent DBS shares past the S$40 mark. In a bourse filing on…
Read MoreAustralia’s HMC Capital to list data centre trust worth A$4 billion
AUSTRALIA’S HMC Capital will press ahead with the initial public offering of its data centres business that would be worth A$4 billion (S$3.5 billion), according to its regulatory filings on Monday (Nov 11). A deal of that size would be the largest IPO in Australia this year. HMC Capital said the Digico Real Estate Investment…
Read MoreSoftBank expected to book 287 billion yen profit on IPOs
JAPANESE technology investor SoftBank Group is expected to report a 287 billion yen (S$2.5 billion) quarterly profit on Tuesday (Nov 12), boosted by successful portfolio company listings and a stronger yen. Analysts are also looking out for signs of new investment momentum driven by SoftBank’s robust balance sheet and management’s bullish stance on artificial intelligence…
Read MoreGovernment to study engaging telcos other than Singtel to provide emergency hotline services
THE government will consider engaging telcos’ services in addition to those of Singtel, which is the current service provider for emergency hotlines such as the Singapore Civil Defence Force’s (SCDF) 995 line and the police’s 999 line. Both the SCDF and the police are working with the Infocomm Media Development Authority (IMDA) to consider additional…
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