Posts by Yurie Miyazawa
Failed Income acquisition: Allianz shareholders may baulk at taking on social mission: Lawyer
They say the state is right to focus on Income’s social mission, and do not believe the blocked deal will put a chill on the insurance M&A scene WHILE the deal between Allianz and Income Insurance seems faultless from a monetary perspective, market observers have said that the government is right to focus on Income’s…
Read MoreHarnessing Big Data for competitive advantage
IN TODAY’S increasingly complex business environment, data-driven decision-making has become a critical factor for maintaining a competitive edge. By using data analytics to gain deeper insights, businesses can respond quickly to changes, anticipate challenges, and seize new opportunities. This ability to harness data for strategic decision-making not only drives better outcomes, but also helps organisations…
Read MoreLVMH sales fall 3% as China demand for luxury goods worsens
FRENCH luxury giant LVMH reported a 3 per cent fall in third-quarter sales on Tuesday (Oct 15), undershooting estimates in its first decline in quarterly sales since the pandemic as demand in China and Japan weakened, likely exacerbating investor worries. The world’s biggest luxury group generated 19.08 billion euros (S$27.2 billion) in revenue for the…
Read MoreUS: Wall Street open mixed as investors digest earnings
Wall Street’s main indexes were mixed on Tuesday (Oct 15) as investors parsed quarterly results from companies such as UnitedHealth and Bank of America. At 09.32 am the Dow Jones Industrial Average fell 148.47 points, or 0.34 per cent, to 42,916.75. The S&P 500 gained 5.04 points, or 0.09 per cent, to 5,864.89, and the…
Read MoreCDL Hospitality Trusts acquires boutique hotel in England for £19.4 million
CDL Hospitality Trusts (CDLHT) is acquiring an upscale lifestyle boutique hotel in Exeter, England, as well as two retail units in the hotel for about £19.4 million (S$33.2 million), its managers announced on Tuesday (Oct 15). The acquisition is expected to complete once the relevant conditions are met, it said, adding: “The managers are of…
Read MoreBank of America profit beats expectation on investment banking, trading strength
BANK of America’s third-quarter profit dropped as it paid more to customers to hold onto their deposits, although its results beat estimates, driven by strong activity in investment banking and trading. BofA’s investment banking fees jumped 18 per cent to US$1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent…
Read MoreBoeing enters US$10 billion credit agreement with banks amid crippling strike
BOEING said on Tuesday (Oct 15) it has entered a credit agreement worth US$10 billion with a consortium of banks, as the US planemaker readies financing sources amid a crippling strike and upcoming debt maturities. The company’s shares rose 2 per cent before the bell. The latest development signals that the planemaker is diversifying its…
Read MoreJardine Matheson leads losses; STI closes muted ahead of earnings
SINGAPORE stocks fell minimally on Tuesday (Oct 15) ahead of earnings results, led by Jardine Matheson and its subsidiary DFI Retail Group, while Chinese stocks fell sharply amid a fading optimism on fiscal stimulus. The benchmark Straits Times Index (STI) fell 0.01 per cent or 0.44 point to 3,595.47. Across the broader market, losers outnumbered…
Read MoreS-Reits earnings, DPU likely to decline in Q3 despite interest rate cut
HIGHER interest costs are expected to continue weighing down the earnings and distribution per unit (DPU) of Singapore-listed real estate investment trusts (S-Reits) in the last quarter, despite the US Federal Reserve cutting interest rates for the first time in more than four years last month. Analysts say that the sector’s DPUs are likely to…
Read MoreBrokers’ take: Dyna-Mac shareholders should accept Hanwha’s S$0.67 a share offer, Maybank says
MAYBANK Securities has recommended that shareholders of offshore oil-and-gas contractor Dyna-Mac accept the revised S$0.67 a share offer from South Korean company Hanwha. The revised offer comes after Hanwha on Sep 11 made a voluntary conditional cash offer to take management control of Dyna-Mac at S$0.60 per share. Hanwha on Monday (Oct 14) said that…
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