Posts by Yurie Miyazawa
Zheneng Jinjiang Environment continues buyback pace
OVER the four trading sessions from Oct 25 to Oct 30, institutions were net sellers of Singapore stocks, resulting in a net institutional outflow of S$365 million. This accelerated the net outflow trend observed over the previous 10 sessions. The stocks that led the net institutional outflow over these four sessions were DBS, UOB, OCBC,…
Read MoreUS regulators reject amended interconnect agreement for Amazon data centre
US ENERGY regulators rejected an amended interconnection agreement for an Amazon data centre connected directly to a nuclear power plant in Pennsylvania, a filing showed on Friday (Nov 1). Members of the Federal Energy Regulatory Commission (FERC) said the agreement to increase the capacity of the data centre located on the site of Talen Energy’s…
Read MoreVancouver port employer could shut out foremen, bulk grain will not be hit
PORT of Vancouver foremen will be locked out on Monday (Nov 4) unless they scrap a proposed strike, employers at Canada’s biggest port said on Friday, but bulk grain handling would not be affected. Canada’s west coast ports are major outlets for resource exports, including potash, coal, forestry products, pork and beef. A 13-day strike…
Read MoreApple to buy Pixelmator, maker of popular photo-editing apps
APPLE agreed to buy software maker Pixelmator, adding a popular high-end photo-editing app to its lineup. Pixelmator announced the acquisition on Friday (Nov 1), saying its Lithuania-based team would be joining Apple. The 17-year-old company – founded by brothers Saulius Dailide and Aidas Dailide – makes apps for the Mac, iPad and iPhone. The two…
Read MoreTesla sells US$499 million of debt backed by solar equipment loans
TESLA sold US$499 million of bonds backed by loans offered to customers buying solar equipment. Deutsche Bank began marketing the five-tranche deal on Monday (Oct 28) and the process wrapped up on Friday. Fitch Ratings gave all the tranches investment-grade designations, noting the high credit scores of the customers receiving the financing. There was…
Read MoreEurope: Stoxx 600 jumps 1% as banks lead market rebound, US election in focus
EUROPE’S main stock index notched its biggest one-day gain in five weeks on Friday (Nov 1), as banks led an overall market rebound after recent declines, with investors assessing economic data, corporate earnings and the upcoming US elections. The pan-European Stoxx 600 index closed 1.1 per cent higher, after losing nearly 3 per cent over…
Read MoreExxon’s US$8.6 billion profit beats estimate as volume offsets price weakness
EXXON Mobil beat Wall Street’s third-quarter profit estimate on Friday (Nov 1), boosted by strong oil output in its first full quarter that includes volumes from US shale producer Pioneer Natural Resources. Oil industry earnings have been squeezed this year by slowing demand and weak margins on petrol and diesel. But Exxon’s year-over-year profit fell…
Read MoreChevron beats quarterly profit expectations on higher production
CHEVRON on Friday (Nov 1) beat Wall Street estimates for third-quarter profit, helped by higher oil and gas output, but overall earnings fell compared to the year-ago level. The company, whose proposed US$53 billion takeover of Hess has been delayed due to a challenge by rivals ExxonMobil and Cnooc, reported a profit of US$4.53 billion,…
Read MoreJapan’s largest pension fund GPIF has worst loss since 2020
JAPAN’S government Pension Investment Fund (GPIF) posted its biggest quarterly loss since 2020 as a rebound in the yen erased gains on overseas securities and domestic stocks declined. GPIF, one of the world’s largest state pension funds, incurred losses in three of four major asset classes — foreign stocks and bonds as well as Japanese…
Read MoreFalcon Energy to delist on Nov 15
The High Court in April ordered the company to wind up after multiple failed restructuring attempts OFFSHORE and marine player Falcon Energy will delist from the Singapore Exchange (SGX) on Nov 15. This comes after the company was ordered by the High Court in April this year to wind up after multiple failed restructuring attempts.…
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