Posts by Yurie Miyazawa
Nvidia sparks chatter over possible Dow inclusion after stock split
NVIDIA’S 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing the stock’s valuation. “A side-effect…
Read MoreTop 20 Singapore-listed China-related stocks generate median total returns of 8.4% year-to-date
THE top 20 China-related stocks listed on the Singapore Exchange (SGX) generated median total returns of 8.4 per cent year-to-date, SGX market strategist Geoff Howie said in a market update on June 10 (Monday). These stocks had at least one-tenth of their revenue for the recent financial year come from China and booked the highest…
Read MoreSingapore stocks fall as hopes for early Fed rate cut dim; STI down 0.3%
SINGAPORE shares ended Monday (Jun 10) lower after stronger-than-expected US jobs figures last Friday hurt market sentiment. The benchmark Straits Times Index (STI) fell 0.3 per cent or 8.69 points to 3,322.08. Across the broader market, losers beat gainers 239 to 158, with 822 million securities worth S$940.5 million changing hands. Regional markets were mixed.…
Read MoreJulius Baer targets rich Indians in Dubai with UBS, JPMorgan hires
SWISS wealth manager Julius Baer Group hired senior bankers from UBS Group and JPMorgan Chase to beef up its business catering to rich Indians in Dubai. Sanjay Advani has joined from UBS as a managing director and team head of Julius Baer’s global non-resident Indians business in the emirate, according to a statement. Nisar Sindhi,…
Read MoreEuro, French stocks hit by shock Macron call for snap election
THE euro fell broadly, while French bonds and stocks were hit hard on Monday (Jun 10), following French President Emmanuel Macron’s decision to call a snap parliamentary election after being trounced in a European Union vote by the far right. The euro fell 0.5 per cent in early European trade to a one-month low of…
Read MoreSBMA launches Retail Gold Investment Committee in collaboration with WGC
The Singapore Bullion Market Association (SBMA) has launched Retail Gold Investment Committee in collaboration with the World Gold Council (WGC) to enhance trust and transparency in gold investments. The committee will be chaired by Silver Bullion, Singapore-based precious metals dealing firm, to implement the Retail Gold Investment Principles established by the WGC. The inauguration, announced…
Read MoreOil edges higher after weekly loss as focus turns to US Fed rates
OIL edged higher after a weekly drop with the market still digesting the Organization of Petroleum Exporting Countries and allies’ (Opec+) decision to restore supply, as traders look ahead to a set of industry reports and a US Federal Reserve decision on interest rates. Brent traded near US$80 a barrel after losing 2.5 per cent…
Read MoreCourt lets Fullerton Health co-founder David Sin leave Singapore for 2 months to visit family in China
DAVID Sin, one of the three co-founders of Fullerton Healthcare Corporation (Fullerton Health) was on Monday (Jun 10) granted approval to leave Singapore to visit his family in China. His leisure application also noted that he would be attending a medical follow-up while on bail. Court records did not mention what he was seeking medical…
Read MoreAsia: Markets fall as strong US jobs data dents rate cut hopes
ASIAN markets mostly fell on Monday (Jun 10) as a mixed jobs report eased worries about the US economy but dampened hopes for interest rate cuts, while political uncertainty in Europe weighed on the euro. With the Federal Reserve meeting this week, investors are keenly awaiting its updated “dot plot” outlook for borrowing costs, with…
Read MoreGold steadies after slide below key US$2,300 level
GOLD prices steadied on Monday (Jun 10) following a slide below the key US$2,300 level in the previous session on stronger-than-expected US jobs data that doused expectations for an early interest rate cut this year. Spot gold was up 0.2 per cent at US$2,396.69 per ounce, as at 0146 GMT. US gold futures fell 0.5…
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