Posts by Yurie Miyazawa
Tyson to sell chicken plant as streamlining push continues
TYSON Foods agreed to sell a chicken facility to House of Raeford Farms as part of efforts to restore profitability. Raeford Farms, a family-owned meat producer, plans to keep processing chicken at the Georgia plant with the existing workforce and grower network, Tyson said. Tyson will service customer orders from other locations, the company said…
Read MoreGold prices steady with spotlight on US inflation print
GOLD prices held steady on Wednesday (Jul 10), with investors looking towards key US inflation data that could shed more light on the Federal Reserve’s interest rates trajectory. Spot gold was little changed at US$2,365.09 per ounce, as at 0040 GMT. US gold futures rose 0.2 per cent to US$2,372.60. Fed chair Jerome Powell said…
Read MoreSingapore shares rise at Wednesday’s open; STI up 0.3%
SINGAPORE stocks extended the previous day’s rally to open higher on Wednesday (Jul 10), following a mixed overnight performance in global markets. The Straits Times Index (STI) gained 8.65 points or 0.3 per cent to 3,434.74 as at 9.01 am. Across the broader market, gainers outnumbered losers 58 to 32 after 32.4 million securities worth…
Read MoreYoma drops 21% amid heavy trading; company denies report that chairman in Myanmar junta custody
This is after the company made clarifications about charges against its executive chairman SHARES of Yoma Strategic fell as much as 21.5 per cent on Wednesday (Jul 10) morning, following the group’s clarification that no charges have been filed against its executive chairman Serge Pun. The counter was down S$0.03 to S$0.113, with 30.9 million…
Read MoreYoma drops 21% amid heavy trading; company denies report that chairman in Myanmar junta custody
This is after the company made clarifications about charges against its executive chairman SHARES of Yoma Strategic fell as much as 21.5 per cent on Wednesday (Jul 10) morning, following the group’s clarification that no charges have been filed against its executive chairman Serge Pun. The counter was down S$0.03 to S$0.113, with 30.9 million…
Read MoreHot stock: Yoma Strategic slides 21% amid heavy trading
This is after the company made clarifications about charges against its executive chairman SHARES of Yoma Strategic fell as much as 21.5 per cent on Wednesday (Jul 10) morning, following the group’s clarification that no charges have been filed against its executive chairman Serge Pun. The counter was down S$0.03 to S$0.113, with 30.9 million…
Read MoreRobusta coffee prices surge to record high as supplies tighten
ROBUSTA coffee prices surged to a record high on Tuesday (Jul 9) with the global market tightened by a slowdown in shipments from top producer Vietnam. The price of robusta beans has risen 63 per cent this year, peaking on Tuesday at US$4,667 a metric tonne on the London-based ICE Futures Europe market. The market…
Read MoreGoldman buys majority stake in Taylor Swift stage-builder Tait
THE private equity business of Goldman Sachs Alternatives is buying a majority stake in Tait, the engineering firm that designed the stage for Taylor Swift’s Eras Tour. The alternative investment platform of Goldman Sachs Asset Management has struck a deal to acquire a majority stake from affiliates of Providence Equity Partners, Tait said. The financial…
Read MoreOil prices fall more than 1% after US crude hub escapes serious damage from Beryl
OIL prices eased more than 1 per cent on Tuesday after traders learned that prolonged supply disruptions from Hurricane Beryl were unlikely after a US oil-producing hub in Texas suffered less storm damage than feared. Brent crude futures settled at US$84.66 a barrel, falling US$1.09 a barrel, or 1.3 per cent. US crude settled at US$81.41…
Read MoreEncouraging shareholder activism may help Singapore’s stock market
REVIEWS of shareholder activism are mixed, but in a market such as Singapore, more of such activity could be worth encouraging. Second Minister for Finance Chee Hong Tat said recently in Parliament that the government “should not direct or interfere with GIC’s investment decisions”. He was responding to a question on whether the government would…
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