Posts by Yurie Miyazawa
Fed’s Raphael Bostic sees no need to rush on rate cuts
ATLANTA Federal Reserve Bank of Atlanta president Raphael Bostic on Friday (Oct 18) made the case for patient reductions in the central bank’s policy rate to somewhere between 3 per cent and 3.5 per cent by the end of next year, a pace that would get inflation down to its 2 per cent target by…
Read MoreOil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook
OIL futures fell on Friday (Oct 18), declining more than 7 per cent on the week after data showed China’s economic growth slowed and investors digested a mixed Middle East outlook. Brent crude futures fell US$1.39, or 1.87 per cent, to US$73.06 a barrel. US West Texas Intermediate (WTI) crude settled at$69.22 a barrel, down…
Read MoreSGX RegCo reprimands former Sunrise Shares directors, CEO for breaches of listing rules
SINGAPORE Exchange Regulation (SGX RegCo) has reprimanded four former directors and the ex-CEO of Sunrise Shares for breaching listing rules, citing lapses in internal controls and inaccurate financial reporting. The reprimand, issued on Friday (Oct 18), named former chairman and executive director Wong Siu Fai, former CEO Liang Yongdong, and three ex-directors: Zheng Aimin, Tang…
Read MoreFrom Bitcoin to Mexican peso, ‘Trump trades’ are appearing again
CORNERS of financial markets that could feel the impact of a Donald Trump victory are stirring again, as the US presidential race tightens with less than three weeks until Election Day. Assets ranging from small-cap stocks to Bitcoin have climbed in recent weeks while the Mexican peso and Treasuries have slipped, as polls show…
Read MoreHong Kong marks busiest IPO week in nearly two years with China stimulus giving hope to dealmakers
Hong Kong has recorded its busiest week for new (initial public offering) IPO launches in almost two years with deals opened to raise up to US$1.3 billion, giving bankers and investors confidence the two-year share sale freeze could be easing. Bankers and lawyers think China’s recent policy stimulus has opened the way for new IPOs…
Read MoreBig Nomura clients halt trades with firm over manipulation case
SOME of Japan’s largest financial institutions have halted trading securities with Nomura Holdings as the fallout from its market manipulation scandal spreads, according to sources familiar with the matter. At least 10 firms, which include major life insurers, trust banks and asset management firms, have temporarily suspended some business activities with Nomura because of the…
Read MoreChina central bank chief flags more interest rate cuts
CHINA’S central bank governor said on Friday (Oct 18) the reserve requirement ratio for commercial lenders could be cut further by 25 to 50 basis points by the year-end depending on liquidity conditions, keeping the door open to more policy easing steps. The benchmark seven-day reverse repurchase rate will also be lowered by 20 basis…
Read MoreWee Hur says A$1.6 billion student accommodation sale not a done deal yet
The group currently holds a 50.1% interest in its PBSA fund, with the remaining stake held by GIC WEE Hur Holdings has refuted a news article that said property investment firm Greystar is acquiring its purpose-built student accommodation (PBSA) business in Australia. In a bourse filing on Thursday (Oct 17), Wee Hur said “there have been…
Read MoreGold lingers near record peak, set for weekly gain
GOLD held steady near a record high on Friday (Oct 18), as uncertainty surrounding the US election, simmering Middle East tensions and a looser monetary policy environment boosted its appeal. Spot gold held its ground at US$2,694.99 per ounce, as at 0034 GMT, after hitting a record high of US$2,696.59 on Thursday. Prices have risen…
Read MoreStocks to watch: UOB Kay Hian, Keppel DC Reit, FLCT
THE following companies saw new developments that may affect trading of their securities on Friday (Oct 18): UOB Kay Hian: The Singapore Exchange Regulation has on Thursday lifted the brokerage’s moratorium, which restricted it from managing new initial public offerings (IPO) and reverse takeovers (RTO) submissions. This allows UOB Kay Hian to resume its role…
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