Posts by Yurie Miyazawa
US: S&P 500, Nasdaq slip ahead of PMI data
The Nasdaq and the S&P 500 slipped at the open on Friday (Jun 21), with focus on business survey data for more clues on the health of the world’s largest economy. The Dow Jones Industrial Average rose 73.75 points, or 0.19 per cent, at the open to 39,208.51. The S&P 500 opened lower by 6.40…
Read MoreCompanies intending to delist should provide truly ‘fair and reasonable’ offer prices: Sias
COMPANIES that intend to delist in the future should provide a truly “fair and reasonable” offer price to all shareholders who have placed their trust in the company, board and management with their hard-earned money, said David Gerald, chief executive of the Securities Investors Association (Singapore), or Sias, in a media statement on Friday (Jun…
Read MoreDrinks maker Britvic rejects £3.11 billion takeover proposal from Carlsberg
BRITISH soft drinks maker Britvic has rejected a £3.11 billion (S$5.3 billion) takeover proposal from Carlsberg Group, the companies said on Friday (Jun 21), the second approach from the Danish brewer it has turned down. Shares in London-listed Britvic, which sells cocktail mixers and other non-alcoholic drinks, jumped 14 per cent to 1,153 pence, while…
Read MoreNvidia’s staggering gains leave investors wondering whether to cash in or buy more
THE huge rally in Nvidia Corp’s shares has investors weighing whether to cash in, hold on for more gains or chase a stock that has tripled during the past year. Nvidia this week briefly became the largest US company by market value on the back of a more than 1,000 per cent surge in share…
Read MoreJPMorgan asset and wealth head sees China’s economic outlook improving
JPMORGAN Chase is seeing signs of an improving economy in China that will bolster the bank’s business in the country after a sluggish period, its CEO of asset and wealth management Mary Erdoes said. US companies are assessing their prospects in China as its economy recovers unevenly and relations worsen between the two nations. For…
Read MoreFacebook, WhatsApp, Carousell among platforms asked to comply with anti-scam rules
SEVERAL social media apps and e-commerce platforms will be required from next week to put in place measures to proactively disrupt scams and malicious cyber activities affecting their Singapore-based users. The Ministry of Home Affairs (MHA) on Friday (Jun 21) said the popular social media platforms – Meta-owned Facebook, WhatsApp and Instagram, as well as…
Read MoreAsia: Markets retreat after tech losses hobble Wall Street
ASIAN markets mostly fell on Friday following a broadly negative lead from Wall Street, where tech giants led a sell-off on profit-taking, while traders are on intervention watch as the yen retreats back towards a three-decade low. A batch of worse-than-forecast US data provided further signs that the world’s number one economy was softening but…
Read MoreSingapore shares edge up at Friday’s open; STI up 0.2%
SINGAPORE equities began trading in positive territory on Friday (Jun 21), mirroring overnight gains in Europe. As at 9.01 am, the Straits Times Index (STI) opened 0.2 per cent or 5.42 points higher at 3,305.42. Across the broader market, gainers outnumbered losers 59 to 36 after 35.4 million securities worth S$46.8 million changed hands.…
Read MoreAmerican Airlines’ flight attendants prepare to strike
A UNION representing flight attendants for American Airlines Group said on Thursday they are preparing to strike after contract negotiations with the carrier failed to produce an agreement this week. The Association of Professional Flight Attendants (APFA), which represents about 28,000 American Airlines flight attendants, said after a year of mediated talks with the National…
Read MoreSingPost appoints financial adviser for strategic review of Australia business
This is part of the national postal service provider’s plans to achieve scale in the country SINGAPORE Post (SingPost) announced on Friday (Jun 21) its appointment of Merrill Lynch Markets Australia as a financial adviser to its board. SingPost said that the adviser will work with its board to “formulate optionalities for the group’s Australia…
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