Posts by Yurie Miyazawa
ECB is poised to cut rates again in warm-up act for the Fed
THE European Central Bank (ECB) will probably cut interest rates on Thursday (Sep 12) in a prelude to a US move the following week, as the global monetary cycle tilts towards more synchronised easing. Eurozone officials have signalled that they will deliver a second reduction in borrowing costs, following up on July’s move, which will…
Read MoreWhy I choose to diversify with an all-world index
The nature of the Singapore market has changed in recent years, and it does not have the pull it once did AS A young investor (and the writer of a young-investor column), I frequently receive investment advice from well-meaning colleagues, seasoned market professionals and financial planners. Everyone has his or her own vehicle of choice:…
Read MoreEuropean luxury shares’ US$240 billion rout is just the beginning
After enduring almost a quarter-trillion dollar hit to their market value in recent months, Europe’s luxury firms may see their stock-market clout wane further as China’s downturn worsens. Once seen as Europe’s answer to the US “Magnificent Seven” tech megacaps, shares in companies producing high-end clothing, handbags and jewellery are languishing, sapped by a spending…
Read MoreSingapore’s oil party spoiled by falling prices and China gloom
The oil party isn’t over yet – but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading. China’s economic slowdown, structural shifts in the global energy mix and the prospect of additional crude supply are…
Read MoreGIC-backed aviation service provider StandardAero files for US IPO
StandardAero, an aircraft maintenance services provider backed by private equity firm Carlyle Group and Singapore’s sovereign wealth fund GIC, filed for an initial public offering (IPO) in the US on Friday (Sep 6). The aftermarket services industry is heating up with several aircraft equipment manufacturers also expanding into the space in recent years, as the…
Read MoreUS: Nasdaq ends down 2.6% as stocks fall after jobs data
Wall Street stocks finished decisively lower on Friday (Sep 6) following weaker than expected US jobs growth that pointed to a slowing economy. The lacklustre job growth “played right into the market’s worries about (economic) slowing,” said Briefing.com analyst Patrick O’Hare, who noted that September has been a historically tepid period for equities. After a…
Read MoreUS: Wall Street opens muted after August payrolls data
Wall Street’s main indexes were subdued at the open on Friday (Sep 6) after a report showed fewer-than-expected jobs additions in the previous month, aiding expectations that the Federal Reserve will deliver an upsized interest rate cut in September. The Dow Jones Industrial Average rose 1.1 points, or flat at the open, to 40,756.81. The…
Read MoreConstruction of Changi Airport Terminal 5 to start in first half of 2025: PM Wong
The construction of Changi Airport Terminal 5 (T5) will start in the first half of 2025, and in the mid-2030s, when the mega terminal is operational, the aim is for Singapore to be linked by air to more than 200 cities, up from almost 150 today, said Prime Minister Lawrence Wong. Speaking at a dinner…
Read MoreMalaysia Airlines says ‘potential issue’ found on one A350-900 engine
MALAYSIA Airlines said on Friday (Sep 6) it had found a “potential issue” with the engine of an Airbus A350-900 aircraft in its fleet but added that it had been resolved. “Malaysia Airlines Berhad confirms that its A350-900, Trent XWB-84 fleet recently underwent a precautionary inspection, during which a potential issue with high-pressure fuel hoses…
Read MoreWhich are China’s top five brokerages?
STATE-BACKED Guotai Junan Securities’ purchase of its rival Haitong Securities to create a sector leader is part of Beijing’s drive to consolidate the US$1.7-trillion industry amid challenging markets, a trend analysts say will continue. China’s roughly 145 securities firms had combined total assets of 11.83 trillion yuan (S$2.2 trillion) at the end of 2023, according…
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