Posts by Yurie Miyazawa
ST Engineering bags new contracts worth S$4.7 billion in Q2 2025
[SINGAPORE] ST Engineering on Wednesday (Jul 23) announced that it secured S$4.7 billion in new contracts in the second quarter of 2025. These comprise S$1.5 billion from the commercial aerospace segment, S$1.5 billion from the defence and public security segment, and S$1.7 billion from the urban solutions and satcom segment. The commercial aerospace…
Read MoreST Index inches up on Wednesday, mirroring regional indices
[SINGAPORE] The Straits Times Index (STI) closed higher on Wednesday (Jul 23), mirroring regional indices. The STI inched up 0.6 per cent or 23.02 points to 4,231.28. Across the broader market, advancers outnumbered decliners 427 to 164 after 2.4 billion shares worth S$1.7 billion changed hands. The trio of local banks closed higher on Wednesday,…
Read MoreST Index up on Wednesday, mirroring regional indices
[SINGAPORE] The Straits Times Index (STI) closed higher on Wednesday (Jul 23), mirroring regional indices. The STI rose 0.6 per cent or 23.02 points to 4,231.28. Across the broader market, advancers outnumbered decliners 427 to 164 after 2.4 billion shares worth S$1.7 billion changed hands. The trio of local banks closed higher on Wednesday, with…
Read MoreCiti targets Middle East ultra-rich with push to hire private bankers
[DUBAI] Citigroup’s private bank is planning a hiring drive for the Middle East region as part of the Wall Street giant’s global expansion of its services to the ultra-wealthy. James Holder, who assumed leadership of the unit’s Middle East operations this year, said in an interview that he aims to recruit private bankers to serve…
Read MorePNC taps Coinbase to create crypto trading offering for bank customers
The banking industry has fiercely resisted accusations that it denies services based on ideological reasons Published Wed, Jul 23, 2025 · 02:17 PM [NEW YORK] PNC Bank is working with cryptocurrency exchange Coinbase to offer crypto trading to the bank’s customers, the companies said on Tuesday (Jul 22), in a sign that crypto is moving…
Read MoreJapan 40-year bond auction sees weakest demand ratio since 2011
The sale comes after Japanese Prime Minister Shigeru Ishiba’s ruling coalition failed to win a majority in the upper house at a vote on Sunday Published Wed, Jul 23, 2025 · 12:29 PM [TOKYO] Japan’s 40-year government bond auction saw its weakest demand since 2011 amid concerns over government spending and after the US and…
Read MoreAsia: Tokyo’s Nikkei leads rally after Japan-US trade deal
[HONG KONG] Tokyo stocks rallied with the yen on Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump’s tariffs, including those on the crucial car sector. Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries…
Read MoreDFI Retail Group jumps 12.7% to three-year high on H1 profit growth
[SINGAPORE] Shares of DFI Retail Group climbed in early trade on Wednesday (Jul 23) morning, after the supermarket and retail store operator posted higher underlying profit for H1. As at 9.02 am, the counter rose to US$3.56, its highest price in more than three years. This was 12.7 per cent or US$0.40 above its Tuesday…
Read MoreBlackRock restricts use of company devices for China travel
Global banks have scaled back their presence in the world’s second-largest economy in the past few years amid slowing economic growth and escalating trade disputes. Published Wed, Jul 23, 2025 · 08:47 AM [HONG KONG] BlackRock has told staff travelling to China for business trips to use temporary loaner phones and not to bring company…
Read MoreVietnam stocks near record on reform hopes, trade deal optimism
[SINGAPORE] Vietnam’s stock benchmark is closing in on a record high, fuelled by optimism over sweeping political reforms and clarity on a trade deal with the US. The government is undertaking its biggest administrative overhaul in decades to shrink bureaucracy as Prime Minister Pham Minh Chinh pushes for more than 8 per cent economic growth…
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