Posts by Yurie Miyazawa
China’s car and ship exports hit record despite slowing trade
CHINA’S exports of both cars and ships hit records in September even as broader shipments slowed, underscoring the rapid changes in the nation’s industry that are fuelling global trade tensions. The firms shipped more than US$11.5 billion of vehicles last month, taking the total this year to almost US$88 billion, the customs administration said on…
Read MoreChina Eastern pulls Madrid service amid subsidy crackdown
CHINA Eastern Airlines is pulling its twice-weekly flight from Wenzhou to Madrid at the end of this month as the country’s aviation officials crack down on subsidies underpinning international flights from smaller cities. The carrier has stopped accepting bookings for the route, which started in November last year, its website shows. While Wenzhou, about 460…
Read MoreGold prices flat as traders await fresh catalysts
GOLD was flat on Tuesday (Oct 15) as investors await fresh insights into the Federal Reserve’s stance on US interest rate reductions for further direction on prices. Spot gold held its ground at US$2,648.89 per ounce by 0022 GMT. US gold futures steadied at US$2,665.50. Fed governor Christopher Waller on Monday called for “more caution”…
Read MoreSingapore shares open higher on Tuesday; STI up 0.6%
SINGAPORE stocks began Tuesday (Oct 15) trading in positive territory, mirroring overnight gains in overseas markets. As at 9.01 am, the Straits Times Index (STI) rose 0.6 per cent or 22.58 points to 3,618.49. Across the broader market, gainers outnumbered losers at 73 to 29 after 22.3 million securities worth S$43.6 million changed hands. China-based…
Read MoreStocks to watch: Dyna-Mac, ST Engineering
THE following company saw new developments that may affect trading of its security on Tuesday (Oct 15): Dyna-Mac: Hanwha Ocean SG – a special-purpose vehicle controlled by Hanwha Ocean and Hanwha Aerospace – revised its final offer price to S$0.67 per share for all the issued issued ordinary shares of offshore oil-and-gas contractor Dyna-Mac. This…
Read MoreEU, China face hurdles in clinching EV deal before tariffs start
TRADE negotiations between the European Union and China have been plagued by major disagreements, with planned tariffs on Chinese-made electric vehicles (EVs) likely to kick in at the end of the month. The EU and China have pledged to work towards an alternative agreement that would avoid the need for levies after EU member states…
Read MoreIndia’s Reliance reports drop in Q2 profit on weaker fuel margins
INDIA’S Reliance Industries reported a drop in second-quarter profit on Monday, hurt by weak fuel refining margins and lower demand for petrochemicals. The Mukesh Ambani-led conglomerate posted a consolidated profit of 165.63 billion rupees (S$2.6 billion) in the quarter ended Sep 30, down 4.8 per cent from a year earlier. This was in line with…
Read MoreLundbeck to buy Longboard Pharma in US$2.6 billion deal
Lundbeck is offering shareholders in the US company Longboard US$60 per share in cash H Lundbeck agreed to acquire Longboard Pharmaceuticals in a US$2.6 billion deal that boosts its drug pipeline for serious brain diseases. The Danish pharmaceutical company is offering shareholders in the US company Longboard US$60 per share in cash, in a transaction…
Read MoreBitcoin rises as traders weigh China fiscal stimulus,Trump odds
BITCOIN climbed to the highest level in two weeks as a mixed reaction to China’s latest stimulus efforts emboldened wagers that speculators will chase after cryptocurrencies rather than the nation’s stocks. The largest digital asset rose as much as 3.5 per cent on Monday (Oct 14) before paring some of the increase to change hands…
Read MoreChina September rare earth exports curbed by rising domestic demand, prices
CHINA’S exports of rare earths minerals in September fell 11.5 per cent from August, customs data showed on Monday (Oct 14), as rising domestic demand and prices encouraged exporters to sell domestically. The world’s largest producer of rare earths last month shipped 4,181 tonnes of the 17 minerals used to make products ranging from magnets…
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