Posts by Yurie Miyazawa
Canadian dollar clings to weekly gain as retail sales beat estimates
THE Canadian dollar steadied against its US counterpart on Friday (Sep 20) as domestic data showed retail sales rising more than expected in July and despite the greenback notching gains against some other major currencies. The loonie was trading nearly unchanged at 1.3560 to the US dollar, or 73.75 US cents, after moving in a…
Read MoreGlobal money is chasing Indian stocks again as bull run extends
Overseas funds are piling money into Indian stocks, marking a strong return to the US$5 trillion market after election-related uncertainty earlier this year triggered a brief hiatus. At US$8.5 billion, net foreign purchases this quarter are poised to be the highest since the middle of 2023, data compiled by Bloomberg show. With bets on policy…
Read MoreDirectors add to interests in property stocks
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions spanning Sep 13 to 19, with S$367 million of net institutional inflow, bringing total net inflows from the 15 trading sessions from Aug 30 (which included the MSCI Index rebalancing) to Sep 19 to S$1.2 billion. These 15 sessions have seen a reversal…
Read MoreJapan top FX diplomat says watching for any build-up of yen carry trades: NHK
Japan’s top currency diplomat Atsushi Mimura said authorities are “always watching markets” as a renewed build-up of yen carry trades could heighten market volatility, public broadcaster NHK quoted him as saying in an interview that ran on Friday (Sep 20). Mimura said yen carry trades built up in the past are likely to have been…
Read MoreSoggy Asia coffee crop means world’s caffeine fix to stay pricey
Any hopes that a flood of coffee exports from Asia’s major growers would take the heat out of a blistering rally that’s pushed robusta prices to the highest since the 1970s are fading fast. Vietnam produces around a third of the worldwide supply of the variety that’s mostly used for instant drinks and espresso blends,…
Read MoreIntel gains on report that Qualcomm made takeover approach
Intel shares soared after the Wall Street Journal reported that Qualcomm approached the company about a takeover, a potential record-setting deal for the chip industry. The discussions occurred in recent days, the newspaper said, citing unnamed people familiar with the situation. Representatives for Intel and Qualcomm declined to comment. The shares jumped as much as…
Read MoreEurope: Stoxx 600 falls a day after Fed-fuelled rally
European shares slipped on Friday (Sep 20) after a rally in the previous session spurred by the US Federal Reserve’s outsized interest rate cut, while drugmaker Novo Nordisk slid on disappointing obesity pill data. The pan-European Stoxx 600 index closed 1.4 per cent lower, though it recorded a second straight week of gains. All major…
Read MoreFed jumbo rate cut puts pressure on money market fund investors
INVESTMENT advisers are urging clients to dump hefty cash allocations now that the Federal Reserve has begun its much-anticipated interest-rate easing, a process they expect to limit the appeal of money-market funds in the coming months. Retail investors’ assets in money market funds have grown by US$951 billion since 2022, when the Fed started its…
Read MoreTrump Media slides to new low as lock-up expires
SHARES of Trump Media & Technology Group fell 5 per cent on Friday (Sep 20) as the Truth Social parent extended this week’s steep sell-off after a lock-up on insider sales expired. Shares of the US$2.9 billion firm, which is 57 per cent owned by US Republican candidate Donald Trump, have slumped about 18 per…
Read More‘No work, no pay,’ Samsung warns striking Indian workers as dispute escalates
Samsung Electronics has warned its striking workers in southern India they will not receive wages if they continue protesting and also face the risk of termination, a company email showed, escalating a dispute between the company and its employees. Hundreds of workers have disrupted operations and protested in a makeshift tent close to Samsung’s home…
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