Posts by Yurie Miyazawa
Toyota shareholders re-elect chairman but question governance
AKIO Toyoda was reappointed as Toyota Motor’s chairman at its annual meeting, but the Japanese carmaker faced tough questions from shareholders over governance and an ongoing probe of vehicle safety certifications. Stockholders also voted against a motion urging Toyota, the world’s biggest auto manufacturer, to be more transparent about its lobbying activities, namely its pushback…
Read MoreAsia: Markets rise with Wall Street as traders eye latest US data
ASIAN equities rallied on Tuesday, tracking another tech-driven record on Wall Street, while investors awaited fresh US economic data to get a better handle on the outlook for inflation. With few major catalysts to drive business, the thoughts of Federal Reserve officials this week will be parsed for an idea about their plans for interest…
Read MoreBank of Japan may raise rates in July depending on data, says Governor Ueda
BANK of Japan Governor Kazuo Ueda said on Tuesday the central bank could raise interest rates next month, depending on economic and price data available at the time. “Our decision on bond-buying taper and interest rate hikes are two different things,” Ueda told parliament. “There’s a chance we could raise interest rates at our next…
Read MoreSingapore stocks open higher on Tuesday; STI up 0.2%
SINGAPORE stocks opened stronger on Tuesday (Jun 18) following overnight gains on global markets. The Straits Times Index (STI) rose 0.2 per cent or 6.22 points to 3,303.77 as at 9.02 am. Across the broader market, gainers outnumbered losers 96 to 56 after 41.8 million securities worth S$60 million changed hands. The most active counter…
Read MoreTrafigura agrees to pay US$55 million to settle CFTC charges
A UNIT of global commodities trader Trafigura has agreed to pay a US$55 million civil fine to settle US Commodity Futures Trading Commission (CFTC) charges of fraud, manipulation and impeding whistleblower communications. Trafigura Trading, a Houston firm that is part of Trafigura Beheer, violated US law and regulations by trading petrol with material nonpublic information,…
Read MoreHyundai Motor shares hit record high as investors bet on India IPO
HYUNDAI Motor’s shares hit a record high as investors bet on the South Korean automaker’s plan to list its India unit in Mumbai, which would help Hyundai Motor boost its presence in the world’s third-biggest auto market. Shares of Hyundai Motor rose as much as 6.3 per cent on Monday (Jun 17) to 285,000 won…
Read MoreYouTube tests context ‘notes’ feature for videos
ALPHABET’S YouTube will soon allow users to add ‘notes’ that will provide context on some of its videos as part of a new feature that will be initially rolled out in the United States, it said on Monday (Jun 17). YouTube will invite certain users and creators, as part of the initial test phase, to…
Read MoreAsian gold buying spree burnishing Singapore’s status as precious metals hub
SINGAPORE’S proximity to emerging gold markets in Asia as well as its political and financial stability amid global macroeconomic uncertainties are spurring its ambitions to become a regional gold hub, according to market watchers. While the price of gold has surged, investor demand has remained healthy in Asia, boosted by purchases by central banks in…
Read MoreSabana Reit denies allegations that bond issuance is ‘highly abnormal’ or ‘impedes internalisation’
THE manager of Sabana Industrial Real Estate Investment Trust (Sabana Reit) has denied allegations that the upcoming issuance of its sustainability-linked bond puts the trust in “financial jeopardy”, nor does it “complicate and impede” its internalisation process. This was in response to allegations by activitist investor Quarz Capital in a letter dated Jun 14. In…
Read MoreIndia’s stock value tops US$5 trillion as Modi’s win powers rally
INDIA’S stock market value is exceeding US$5 trillion for the first time, with the latest boost coming from a commitment by Prime Minister Narendra Modi’s new coalition for policy continuity in the world’s fastest-growing major economy. The country’s equity market is joining the ranks of the US, China, Japan and Hong Kong after topping the…
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