Posts by Yurie Miyazawa
Indonesia aims for US$1.5 billion restructuring at Krakatau Steel
THE Indonesian government aims to finalise a loan restructuring agreement between the nation’s biggest steelmaker Krakatau Steel and its lenders next month, sources said. The state-owned company and its banks have been in talks recently about the master restructuring agreement after a similar deal in previous years, they said, asking not to be identified because…
Read MoreEurozone government bond yields drop after inflation data
Germany’s 10-year bond yield is down 3.5 bps at 2.14%, and its two-year bond yield fell three bps to 2.08% EUROZONE government bond yields dropped on Friday (Sep 27) after inflation data from France and Spain, with investors awaiting figures from the US, which could affect expectations for monetary policy paths on both sides of…
Read MoreWhy a new generation of investors is thinking twice about SGX
It’s an uphill battle for Singapore’s stock exchange as younger investors set their sights on overseas markets such as the US instead AS AN avid investor who has been putting money into stocks since he was 19, software engineer Daniel Khoo – now 30 – holds a very dim view of the local equities market.…
Read MoreBitcoin bucks seasonal jinx with one of best September gains
Bitcoin is on course for one of its biggest September gains as a global wave of interest rate cuts, headlined by the US Federal Reserve, helps the largest digital asset to buck a seasonal jinx. The token is up over 10 per cent this month, contrasting with an average 5.9 per cent decline in September…
Read MoreHot stocks: Yangzijiang counters pulled in opposing directions amid heavy volumes
SHARES of Yangzijiang Shipbuilding and its listed subsidiary Yangzjiang Financial were trading divergently as shares of both counters were heavily transacted by volume on Friday (Sep 27) morning. As at 10.55 am, index counter Yangzijiang Shipbuilding fell S$0.17 or 6.3 per cent to S$2.51 after 26.8 million securities changed hands. The group’s last public announcement…
Read MoreAsia: Hong Kong, Shanghai extend surge as China optimism boosts markets
HONG Kong and Shanghai ploughed on with their China-fuelled rally on Friday on hopes that Beijing will press on with new plans to boost the world’s number two economy. A string of announcements this week has seen leaders cut interest rates, pledge support to the beleaguered property sector, free up banks to lend more and…
Read MoreStocks to watch: CapitaLand Integrated Commercial Trust, UOL, SingLand, Amos
THE following companies saw new developments that may affect trading of their securities on Friday (Sep 27): CapitaLand Integrated Commercial Trust (CICT): The trust will issue 377.3 million new units to raise gross proceeds of about S$757.2 million from its preferential opening that closed on Tuesday. Together with around S$350.3 million raised from an earlier…
Read MoreUS: S&P 500 at fresh record on Micron results, China stimulus
WALL Street stocks powered higher on Thursday, with the S&P 500 finishing at a fresh record, following strong Micron earnings and statements from Beijing signaling likely additional stimulus. Analysts described Micron’s earnings as a boon not only because they showed strong profitability, but because the company cited “robust” artificial intelligence demand, lifting other tech shares. Micron itself…
Read MoreH&M bets on lower prices, trendy clothing to boost holiday sales
SWEDISH fashion retailer H&M is banking on lower prices and a wider range of trendy clothing compared to basics to drive sales among cautious consumers in the crucial shopping months leading up to the end of the year. Shoppers are already starting to browse for holiday items and H&M recently launched its homeware collection for…
Read MoreUS dollar edges down before Fed speakers, data; Swiss franc rises after SNB
THE safe-haven US dollar edged down on Thursday (Sep 26) on increasing risk appetite with traders looking ahead to speeches from key Federal Reserve policymakers and economic data for clues on the pace of interest rate cuts. Meanwhile, the Swiss franc rose after the Swiss National Bank cut interest rates by 25 basis points. Future…
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