Posts by Yurie Miyazawa
Hedge fund chief Paul Marshall buys The Spectator for £100 million
Hedge fund manager Paul Marshall agreed to pay £100 million (S$170.9 million) for The Spectator, a politically influential British magazine that’s known to exert a big sway over the Conservative Party. The billionaire chairman and founding partner of Marshall Wace emerged winner in the race for ownership of the weekly, which was hived off in…
Read MoreSTI hits 52-week high; Singtel gains 3.2%
THE Straits Times Index (STI) rode a wave of stock market optimism to hit a 52-week intraday high of 3,523.47 points on Tuesday (Sep 10). It also achieved its highest close in 52 weeks, at 3,512.67, up 0.5 per cent or 16.14 points. Advancers led decliners 302 to 230. Singapore’s gains broadly tracked improvements across…
Read MoreTrading surge in PBOC-owned China bonds a sign of intervention, sources say
TRADERS are seeing a surge in trading of some Chinese special government bonds mostly owned by the People’s Bank of China (PBOC). Sources said this is a sign that the authorities may have become more active in selling their debt holdings to cool a rally. More than 250 batches of the 10-year special sovereign notes…
Read MoreBank of Korea board members wary about financial stability risk, minutes show
Board members are keeping its policy interest rate unchanged at 3.50%, the highest since late 2008 The Bank of Korea’s monetary policy board members were cautious about lowering interest rates at its meeting on Aug 22, as they were concerned about rising risks to financial stability despite slowing inflation, minutes showed on Tuesday (Sep 10).…
Read MoreDBS said to tap Goldman Sachs to help find insurance partner in India, Taiwan
DBS has a presence in India for three decades, and it entered Taiwan even earlier, in 1983 DBS Group Holdings is considering forming insurance partnerships in India and Taiwan to expand its services in the region, according to people familiar with the matter. The Singapore-based lender is working with Goldman Sachs as an adviser on…
Read MoreChina dives back into euro debt market amid likely ECB rate cut
CHINA is returning to the international debt market after a three-year hiatus, planning to sell euro-denominated bonds amid a likely interest rate cut by the European Central Bank (ECB). The Ministry of Finance announced it will issue up to two billion euros (S$2.9 billion) of notes in Paris in the week of Sep 23, according…
Read MoreChina oil products demand peaked in 2023, with decline to accelerate, researcher says
OIL products demand in China, long the driver of global crude consumption, peaked in 2023 and is projected to decrease by 1.1 per cent annually between 2023 and 2025, with the drop accelerating in subsequent years, a China oil researcher said on Tuesday. The country’s oil products demand was seen slowing by an average of…
Read MoreTop Malaysia coffee chain gets funding from buyout firm KV Asia
ZUS Coffee, Malaysia’s biggest coffee chain operator, raised RM250 million ($74.6 million) from a group of investors including buyout firm KV Asia Capital as it seeks to expand globally. The other investors are Malaysia’s largest state pension fund, Kumpulan Wang Persaraan Diperbadankan, and Indonesia’s Kapal Api Group, owner of Excelso coffee shops, ZUS Coffee said. …
Read MoreSingapore shares open higher on Tuesday; STI up 1.2%
SINGAPORE shares began Tuesday (Sep 10) trading in positive territory, mirroring overnight gains in global markets. As at 9.01 am, the Straits Times Index (STI) climbed 0.5 per cent or 15.59 points to 3,512.12. Across the broader market, gainers outnumbered losers 83 to 34 after 47.2 million securities worth S$37.8 million changed hands. Hotel operator…
Read MoreBiggest US banks’ capital hike chopped in half in latest plan by regulators
THE biggest US banks would face a 9 per cent increase in capital requirements – a dramatic retreat from the original plan – after regulators agreed to sweeping changes to a proposed package of rules, according to sources familiar with the matter. The original plan by the Federal Reserve, Federal Deposit Insurance Corporation and the…
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