Posts by Yurie Miyazawa
Singapore stocks continue upward march; STI gains 0.6%
SINGAPORE stocks continued their upward rally as the Straits Times Index (STI) posted a new 52-week high on Tuesday (Sep 17). Investor sentiment appeared upbeat as Enterprise Singapore data showed that Singapore’s key exports rose 10.7 per cent in August, although the figure fell short of private-sector economists’ expectations of 15 per cent growth. …
Read MoreTrump and Harris platforms both negative for stocks, Citi says
BOTH Donald Trump’s and Kamala Harris’s political platforms appear negative for US equities, with the Democratic candidate’s plans to raise corporate tax seen having the biggest impact, according to Citigroup strategists. A team led by Scott Chronert found that the Harris platform would hit the fair value of US stocks by 4 to 6…
Read MoreEnsign joins growing list of companies, agencies to introduce deepfake detection in software suite
The integration of the software will create a more comprehensive view of the threats that employees may face CYBERSECURITY player Ensign Infosecurity launched its solution to detect deepfakes generated with artificial intelligence (AI) within its suite of cybersecurity solutions for enterprise customers on Tuesday (Sep 17). Ensign joins ST Engineering as well as the Agency…
Read MoreCordlife upgrades monitoring system, tightens operational protocols
CORDLIFE announced on Tuesday (Sep 17) that it is improving operational protocols and upgrading the laboratory monitoring system at its processing and storage facility, as it resumes cord-blood banking services in a controlled manner. The new monitoring system tracks the temperature of 27 cryogenic storage tanks and other critical equipment, thus ensuring round-the-clock surveillance both…
Read MoreIsetan Singapore to delist on Sep 19
The department store operator has posted a net loss of S$1.2 million for the full year ended Dec 31, 2023 DEPARTMENT store operator Isetan Singapore will delist from the Singapore Exchange on Thursday (Sep 19). Its shares were suspended on Aug 29 after the Singapore High Court sanctioned a scheme of arrangement that allowed…
Read MoreTrump unveils crypto project, says US should dominate sector
DONALD Trump headlined an event billed as the unveiling of a crypto platform promoted by the Republican nominee and his sons, putting the spotlight on a niche sector of digital assets with a history of controversy. The project, World Liberty Financial, will be part of the decentralised finance segment of digital assets and is supposed…
Read MoreJapan finance minister says Seven & i’s new ‘core’ tag doesn’t raise bar for buyout
FINANCE Minister Shunichi Suzuki said on Tuesday that Japanese retail giant Seven & i Holdings’ new status as a company “core” to national security would not raise additional hurdles to a potential buyout. Seven & i, the owner of 7-Eleven convenience stores which recently rejected a US$38.5 billion buyout offer from Canada’s Alimentation Couche-Tard, was…
Read MoreGold hovers near record high on prospects of bigger Fed rate cut
GOLD prices held steady on Tuesday (Sep 17) to hover near record highs scaled in the previous session, as markets anticipate the beginning of a US easing cycle, with expectations that it might start with an outsized rate cut. Spot gold was flat at US$2,582.84 per ounce, as at 0020 GMT. Bullion rose to a…
Read MoreCapitaLand Investment in talks to buy Club Med stake from Fosun
SINGAPORE’S CapitaLand Investment is in advanced talks to buy a minority stake in French luxury resort chain Club Med SAS from its Chinese owner Fosun International, according to sources with knowledge of the matter. The real estate investment firm, part of Temasek Holdings-owned conglomerate CapitaLand Group, is seeking to acquire from 20 to 30 per…
Read MoreTaiwan regulator rejects CTBC’s US$4.1 billion bid for Shin Kong
TAIWAN regulators rejected CTBC Financial Holding’s US$4.1 billion takeover bid for smaller rival Shin Kong Financial Holding, blocking the creation of what would have been the island’s biggest financial group. CTBC’s plan was not comprehensive enough and lacked a guarantee to increase capital for Shin Kong’s life insurance arm, the Financial Supervisory Commission’s (FSC) vice…
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