Posts by Yurie Miyazawa
Cordlife’s group director of quality and operations Tan Huiying resigns
Embattled cord-blood bank Cordlife’s group director for quality and operations, Tan Huiying, will resign from the company effective Nov 4, four months after she assumed her current position. In an announcement on Monday (Sep 9), Cordlife said that Tan was leaving to pursue her “personal interests” and that her resignation had been accepted by the company’s…
Read MoreThe bond market rally rides on how fast the Fed cuts rates
BOND traders who struggled to predict how high the US Federal Reserve would raise interest rates are finding the way down just as vexing. At TCW Group, Jamie Patton, the co-head of global rates, is convinced that even the swift easing that’s now baked into financial markets does not go far enough. This leaves shorter-dated…
Read MoreRenault says EV slowdown could lead to billions in fines in EU
Renault chief executive officer Luca de Meo called on the EC to have “a bit of flexibility” regarding upcoming targets of EV sales and charging station installations Automakers could incur as much as 15 billion euros (S$21.6 billion) in fines if they can’t meet the European Union’s ambitious climate goals following a slowdown in electric-vehicle…
Read MoreAustralia’s Domino’s served with class action on ‘misleading’ Japan market comments
AUSTRALIAN pizza chain Domino’s Pizza Enterprises said on Monday that it has been served a shareholder class action, which includes an allegation that it engaged in misleading or deceptive conduct around its expected performance in Japan. The company’s shares fell 2.5 per cent to A$29.18 to hit their lowest since late August. The proceeding has…
Read MoreSGX securities turnover value rises 22% in August; volume sinks 20%
TOTAL securities market turnover value on the Singapore Exchange (SGX) rose 22 per cent year on year (yoy) to S$28.8 billion in August, the highest since March 2022. This is an 8.4 per cent increase from July’s S$26.5 billion, according to the exchange’s monthly market statistics report released on Monday (Sep 9). However, total market…
Read MoreChina Renaissance crashes as trading resumes after Bao Fan exit
CHINA Renaissance Holdings’s shares fell as much as 73 per cent after resuming trading in Hong Kong on Monday (Sep 9), 17 months after the stock was suspended following the detention of its former chairman Bao Fan. The company said it has fulfilled requirements for the trading resumption, releasing its earnings for the first half…
Read MoreTokyo: Nikkei index dives 3% after global market slump
TOKYO’S Nikkei index shed more than three per cent on Monday, after weaker than expected US jobs growth and speculation over a Fed rate cut caused global markets to slump. The benchmark Nikkei 225 was down 3.02 per cent, or 1,098.77 points, at 35,292.70 in early trade, while the broader Topix index fell 2.67 per…
Read MoreChina’s LNG imports may suffer as caverns are filled to the brim
CHINA has boosted underground storage of natural gas after it made an early start on preparations for peak demand over the winter. But the build-up may also signal subdued consumption in recent months due to a slowing economy, which has left the country uncommonly well-stocked with the fuel. If the winter’s bitter, then China will…
Read MoreStocks to watch: SGX, Cordlife, Digital Core Reit
THE following companies saw new developments that may affect trading of their securities on Monday (Sep 9):
Read MoreThe Body Shop rescued from administration after deal
GROWTH capital firm Aurea on Saturday (Sep 7) announced the completion of its acquisition of UK-based cosmetics group The Body Shop, renowned for ethical hair and skin products. The 50-year-old business entered administration in February, which led to FRP Advisory being brought in to try to salvage part of the group. Soon after, The Body…
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