Posts by Yurie Miyazawa
China new bank loans rise in May, but well below forecasts
CHINESE banks extended 950 billion yuan (S$177.2 billion) in new yuan loans in May, rising from April but missing analysts’ expectations. Analysts polled by Reuters had predicted loans would rise to 1.255 trillion yuan in May from 730 billion yuan in April, but would still be below the 1.36 trillion yuan issued in the same…
Read MoreCapitaLand Investment to start an operation in India’s GIFT City
CAPITALAND Investment will soon start operating in India’s GIFT International Financial Services Centre, according to people familiar with the matter, helping serve its global clients from the special economic zone in Gujarat. The investment management arm of Capitaland Group, backed by Singapore’s Temasek Holdings, has obtained a licence from the International Financial Services Centres…
Read MoreBonds are beating Bitcoin as doubts gather over crypto rebound
STOCKS and bonds have delivered better returns than Bitcoin this quarter, raising the possibility that a crypto boom is running out of steam. Gauges of global equities, fixed income and commodities are all ahead of the largest digital asset, which shed about 5 per cent from the start of April through 1.15 pm on Friday…
Read MoreBrokers’ take: Beansprout initiates Keppel Infrastructure Trust with ‘buy’, S$0.59 target price
BEANSPROUT initiated coverage on Keppel Infrastructure Trust (KIT) with a “buy” call, noting the trust’s “attractive” distribution yield amid robust infrastructure assets. The investment insights platform licensed by the Monetary Authority of Singapore issued KIT a target price of S$0.59, based on a weighted average cost of capital of 9 per cent and terminal growth…
Read MoreCDG Engie, Volt Singapore win first contracts to deploy fast public EV charging points
TWO electric vehicle (EV) charging operators have been awarded contracts to deploy mainly fast charging EV charging points across Singapore. On Friday (Jun 14), Land Transport Authority (LTA) subsidiary EV-Electric Charging (EVe) said it awarded a contract each to Volt Singapore and ComfortDelGro (CDG) Engie, a joint venture between land transport operator CDG and French…
Read MoreBank of Japan to scale down huge bond-buying programme
THE Bank of Japan on Friday said it would reduce its vast hoard of government bonds as it cautiously steps away from its long-running ultra-loose monetary policy. The central bank kept interest rates unchanged after a two-day meeting but said it would “reduce its purchase amount of JGBs (Japanese Government Bonds) thereafter to ensure that…
Read MoreAsia: Markets, yen drop ahead of key Bank of Japan decision
ASIAN markets and the yen weakened against the dollar on Friday ahead of a policy decision by the Bank of Japan, while the euro remained under pressure as critical French parliamentary elections approach. Regional investors are trading cautiously, even after a succession of record Wall Street highs fuelled by promising inflation data and a Federal…
Read MoreGold holds steady, on track for first weekly gain in four
GOLD prices held steady on Friday, and were on track for their first weekly gain in four, despite falling over 1 per cent in the previous session after the US Federal Reserve projected just one interest rate cut this year. Spot gold was unchanged at US$2,303.43 per ounce, as of 0134 GMT. Bullion gained 0.5 per cent so…
Read MoreUBS taps China over Citadel Securities on Credit Suisse unit
UBS Group has entered final negotiations with a Beijing-backed fund over the sale of Credit Suisse’s money-losing China venture after talks with Citadel Securities stalled, according to people familiar with the matter. UBS is now in exclusive talks with its Chinese partner, Beijing State-Owned Assets Management, on the deal, the people said, asking not to…
Read MoreStocks to watch: Mapletree Logistics Trust, Soilbuild
THE following companies saw new developments that may affect trading of their securities on Friday (Jun 14): Mapletree Logistics Trust: The trust’s manager announced on Thursday its proposed divestment of 119 Neythal Road in Singapore for S$13.8 million. The sale price is 34 per cent above the property’s latest valuation of S$10.3 million as at…
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