Posts by Yurie Miyazawa
Singapore 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…
Read MoreYen’s six-day slump highlights risk of Japan intervention
THE yen capped its longest losing streak since March and closed at a 34-year low, ramping up the risk that Japanese officials will once again step in to prop up the currency. On Thursday, the yen fell for a sixth-straight session, the worst stretch of losses in three months, to end the day trading just…
Read MoreOil prices rise on US crude draw; jobs data feeds rate cut hopes
OIL futures climbed on Thursday after the US Energy Information Administration (EIA) reported a draw on crude oil and data showing a cooling jobs market that stoked hopes the Federal Reserve could cut interest rates soon. Brent crude futures settled at US$85.71 a barrel, up 64 cents or 0.75 per cent. The session high of…
Read MoreNestle, Coke take cautious approach to catering to Ozempic users
NESTLE’S new food brand for people taking weight-loss drugs like Wegovy will note that the meals are high in protein, fibre and nutrients, but will not name the blockbuster medications, a company executive told Reuters. The world’s largest food maker is keeping the names of the drugs off the packaging due to regulatory concerns, Tom…
Read MoreBiden to ban US sales of Kaspersky software over ties to Russia: source
THE Biden administration on Thursday (Jun 20) will announce plans to bar the sale of Kaspersky Lab’s antivirus software in the United States, a person familiar with the matter said, citing the firm’s large US customers including critical infrastructure providers and state and local governments. The company’s close ties to the Russian government were found…
Read MoreUS: S&P 500, Nasdaq open higher on Nvidia boost
The S&P 500 and the Nasdaq opened higher on Thursday (Jun 20), propelled by a rally in Nvidia, while investors assessed the recent batch of economic data and commentary from US Federal Reserve officials to firm up bets on interest rate cuts this year. The Dow Jones Industrial Average fell 30.13 points, or 0.08 per…
Read MoreChina says EU mandated its EV firms turn over ‘unprecedented’ amounts of data
THE European Commission sought an unprecedented amount of detailed information on Chinese automakers’ supply chains during its investigation into the country’s subsidised electric vehicle imports, China’s commerce ministry said on Thursday (Jun 20). The Commission, which oversees trade policy for the 27-nation strong European Union, last week slapped extra duties on imported Chinese EVs following…
Read MoreParagon Reit to divest The Rail Mall for S$78.5 million
Divestment to be completed in H2 2024, and is not expected to affect net asset value or distribution per unit for FY2024 PARAGON Real Estate Investment Trust has entered into a sale-and-purchase agreement for the divestment of The Rail Mall for a cash consideration of S$78.5 million. The Reit manager said in a bourse filing…
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