Posts by Yurie Miyazawa
South Korea to discuss short-selling rule tweaks as ban deadline nears
SOUTH Korea will consider changes to its short-selling rules on Thursday (Jun 13) as part of ongoing discussions on when to lift the ban on the trading strategy. Government officials and the ruling party will consider mandating institutional investors to establish procedures to control illicit trade and submit short-selling transactions data to a centralised monitoring…
Read MoreOil climbs on 2024 stock forecasts, reinforced US rate cut bets
OIL prices rose more than 1 per cent on Wednesday after three key forecasters predicted that global oil inventories would fall in the second half of 2024, while US inflation data solidified expectations for a Federal Reserve interest rate cut by September. Brent crude futures were up US$1.33, or about 1.6 per cent, to US$83.25 a barrel at…
Read MoreSIA ends an interesting chapter of its history with redemption of its last remaining MCBs
THIS month, on Jun 24, Singapore Airlines (SIA) will redeem the last of the mandatory convertible bonds (MCBs) it issued to ride through the pandemic. SIA on May 15 said that holders of these remaining MCBs will receive just over S$1.74 billion – 112.616 per cent of the principal amount they stumped up in 2021.…
Read MoreMapletree Logistics Trust to sell Xi’an subsidiary for 70.5 million yuan
MAPLETREE Logistics Trust : M44U 0% announced the divestment of its entire equity interest in its wholly foreign-owned enterprise, Mapletree Logistics Warehouse (Xian), for an estimated price of 70.5 million yuan (S$13.1 million). In a bourse filing on Wednesday (Jun 12), the trust’s manager said that the foreign enterprise owns Mapletree Xi’an Logistics Park, comprising…
Read MoreApple becomes the first US$1 trillion global brand: Kantar
US technology firm Apple has become the first brand to cross US$1 trillion in brand value, a 15 per cent jump from last year, a global ranking by Kantar’s BrandZ showed on Wednesday (Jun 12). The iPhone maker retained its crown as the world’s most valuable brand for the third straight year in 2024, followed…
Read MoreForget copper and gold as steelmaking raw material outperforms
Manganese, an essential steelmaking ingredient, has outstripped copper, gold and many other commodities this year after a cyclone halted exports from the world’s second-largest mine in March. Prices of 44 per cent-grade manganese ore have almost doubled since the start of the year, beating gains of 15 per cent in copper, 12 per cent in…
Read MoreUniper wins 13 billion euros arbitration ruling against Gazprom
GERMAN utility Uniper has won a multi-billion euro arbitration against former long-time supplier Gazprom, it said on Wednesday (Jun 12), allowing it to tear up dormant gas supply contracts and potentially setting a precedent for similar cases. The ruling marks a landmark victory for Uniper, which had to be rescued by the German government in…
Read MoreDBS eyes S$500 billion in wealth assets by 2026, top exec says
DBS Group plans to boost assets under management for its wealth business to S$500 billion by the end of 2026, said the unit’s head, as the top Singaporean bank bets on robust inflows into the city state. Wealth assets at DBS grew 23 per cent to a record S$365 billion last year, as Singapore benefitted…
Read MoreDBS eyes S$500 billion in wealth assets by 2026: top executive
DBS Group plans to boost assets under management for its wealth business to S$500 billion by the end of 2026, said the unit’s head, as the top Singaporean bank bets on robust inflows into the country. Wealth assets at DBS grew 23 per cent to a record S$365 billion last year, as Singapore benefitted from…
Read MoreWho is David Sin, and what’s his Fullerton Healthcare alleged graft case about?
DAVID Sin, 44, one of Fullerton Healthcare Corporation’s (Fullerton Health) three co-founders, was granted approval on Monday (Jun 10) to leave Singapore to visit his family in China. Before Monday’s hearing, his bail was originally set at S$200,000. An additional bail of S$100,000, to be provided in one surety, had to be posted for him…
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