Posts by Yurie Miyazawa
Singapore shares open flat on Friday after US, Europe indices close mixed overnight
SINGAPORE shares opened flat on Friday (Aug 23) morning, after US indices fell and Europe’s main stock index climbed overnight. The Straits Times Index rose 0.03 point to 3,373.61 as at 9.01 am. Across the broader market, losers outnumbered gainers 51 to 47, after 34.3 million securities worth S$38.9 million changed hands. Healthcare services provider…
Read MoreStocks to watch: Marco Polo Marine, CapitaLand India Trust, Far East Orchard
THE following companies saw new developments that may affect trading of their securities on Friday (Aug 23): Marco Polo Marine: The integrated marine logistics company on Thursday posted a 2.6 per cent rise in gross profit to S$14.6 million for the third quarter ended Jun 30, 2024, from S$14.2 million for the same period last…
Read MoreUS: Stocks fall as market weighs expected Fed pivot
TECH shares led Wall Street stocks lower on Thursday as markets digested recent equity gains amid rising expectations for the Federal Reserve to cut interest rates. Briefing.com analyst Patrick O’Hare described the pullback as a “little bit of natural consolidation in a lightly traded market” following the market’s advance in recent days. O’Hare also cited relatively robust…
Read MoreInflows of Singapore unit trust funds up 88.9% in Q2: Morningstar
UNIT trust equity funds have rebounded in the second quarter with S$261.2 million inflows, compared with S$116 million outflows in the previous quarter, based on Morningstar’s report on Singapore fund flows released on Thursday (Aug 22). The higher yields offered by the funds was the main draw but “it remains to be seen if this…
Read MoreInflows of Singapore unit trust funds jump 88.9% in Q2: Morningstar
UNIT trust equity funds have rebounded in the second quarter with S$261.2 million inflows, compared with S$116 million outflows in the previous quarter, based on Morningstar’s report on Singapore fund flows released on Thursday (Aug 22). The higher yields offered by the funds was the main draw but “it remains to be seen if this…
Read MoreBody of British tech entrepreneur Lynch retrieved from yacht, source says
The body of British tech magnate Mike Lynch was retrieved on Thursday (Aug 22) from the wreck of his family yacht that sank earlier this week off the coast of Sicily during a violent storm, a source close to the rescue operation said. Lynch’s 18-year-old daughter Hannah is still unaccounted for, the source said. The…
Read MoreUK recruiter Hays annual profit drops 47% on extended hiring periods
Low confidence levels among both jobseekers and employers have extended the time taken to fill vacant positions, dealing a blow to recruiters’ profits British recruiter Hays reported a 47 per cent drop in annual profit on Thursday (Aug 22), meeting market expectations, hit by extended hiring periods due to macroeconomic and political uncertainties. Low confidence…
Read MoreXiaomi will swallow EV losses to join Tesla in the big leagues
XIAOMI is willing to grow its nascent electric vehicle (EV) arm at the expense of profits for now, as it angles to join Tesla and BYD among the world’s biggest automakers over the next decade or two. The company, known for making everything from smartphones to rice cookers and luggage, is prioritising growth of the…
Read MoreWalmart’s doing so well in China it doesn’t need JD.com anymore
WALMART is flying so high on the strength of its Chinese operations that it’s exited a long-time local partnership, an outlier in a consumer landscape that’s increasingly hostile to foreign brands. As other Western consumer giants exit China or lose market share to local rivals, the US retailer remains its biggest hypermarket operator. That’s thanks…
Read MoreAIA Singapore’s value of new business rises 27% in H1 to US$219 million
AIA Singapore’s value of new business (VONB) rose 27 per cent on the year to US$219 million for the first half ended Jun 30, from US$173 million in the year-ago period, on a constant exchange-rate basis. The growth in VONB – a measure of expected profits from new premiums – came amid strong performances across…
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