Posts by Yurie Miyazawa
Court 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…
Read MoreSingapore shares open higher on Monday; STI up 0.1%
SINGAPORE stocks began trading in positive territory on Monday (Jun 10), even as global markets ended lower last week. As at 9.01 am, the Straits Times Index (STI) opened 0.1 per cent or 1.86 points higher at 3,332.63. Across the broader market, losers outnumbered gainers 59 to 54 after 57.8 million securities worth S$65.4 million…
Read MoreStocks to watch: SingPost, Sabana Reit, Q&M Dental
THE following companies saw new developments that may affect trading of their securities on Monday (Jun 10): Singapore Post (SingPost) : S08 0%: The subsidiary of Chinese e-commerce giant Alibaba Group, Alibaba Investment, sold 72.5 million shares in SingPost for S$33.3 million on Friday. The shares were transacted at about S$0.46 apiece. The e-commerce giant…
Read MoreShein may not qualify for FTSE 100 inclusion, Times reports
SHEIN may not qualify for inclusion on the FTSE 100 Index even as the online retailer gears up for an initial public offering (IPO) that could be one of the largest ever in the UK, The Times reported. The number of shares being sold by Shein will not meet the minimum requirement for inclusion on…
Read MoreStable teams could become greater differentiator in private markets
RAPID growth in private markets could put pressure on a long-debated due diligence factor – team stability – and may even become a differentiating factor for general partners (GPs) or fund managers. There is some evidence that turnover in a private equity fund manager’s team is associated with positive performance, but many investors told The…
Read MoreBaltic Exchange Shipping Insights
Capesize THE week concluded on a quiet yet optimistic note, with the BCI 5TC experiencing a slight increase of $178, reaching $24,867. Cargo volumes have remained stable in the Pacific, where trading activity gradually increased, culminating in a significant rise midweek. The C5 index saw incremental gains throughout the week, ending at $11.245. In the…
Read MoreGreenback bounces as strong jobs report likely delays Fed easing this year
THE US dollar rebounded on Friday (Jun 7) after data showed that the economy created a lot more jobs than expected last month, suggesting that the Federal Reserve could take time in starting its easing cycle this year. The dollar index rose 0.8 per cent to 104.91, its best daily gain since Apr 10. For…
Read MoreSaudi Aramco shares trade higher after share offering
Saudi Aramco’s shares gained on Sunday (Jun 9), the first trading day after a secondary share offering expected to raise at least US$11.2 billion. The shares opened at 27.95 riyals a share, after closing the previous session on Thursday at 28.3 riyals, but climbed to 28.35 riyals by 0730 GMT. The secondary share sale’s final…
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