Posts by Yurie Miyazawa
BOJ chief Ueda reaffirms resolve to trim bond buying
Bank of Japan governor Kazuo Ueda said the central bank should reduce its huge bond purchases as it moves toward an exit from massive monetary stimulus, reinforcing his resolve to steadily scale back its nearly US$5-trillion balance sheet. The remarks keep alive expectations the central bank could embark on a full-fledged tapering of its bond…
Read MoreBrokers’ take: SAC Capital initiates ‘buy’ on ISEC Healthcare with S$0.44 price target
SAC Capital has initiated coverage on International Specialist Eye Centre : 40T 0% (ISEC) Healthcare with a “buy” call and a target price of S$0.44, as the research house is positive on the group’s continued growth. The target price represents an upside of about 15 per cent from ISEC’s current share price levels. It implies…
Read MoreUS crypto advocacy group tops one million members after Biden veto
STAND with Crypto, an advocacy organisation for voters who own cryptocurrencies, saw its membership surpass one million on Wednesday (Jun 5), as crypto backers push politicians to create a new regulatory framework for the digital asset industry while averting more onerous compliance requirements. Brian Armstrong, chief executive of Coinbase, an online platform for buying and…
Read MoreNomura’s head of markets returns to Singapore after revamp
RIG Karkhanis, head of global markets at Nomura Holdings, is moving back to Singapore after a short stint in London revamping the business and making a slew of executive hires, according to a memo. Karkhanis, who relocated to London a year ago, will be returning to Asia along with the unit’s chief operating officer Aleem…
Read MoreStocks to watch: OUE Reit, Yangzijiang Financial, UG Healthcare
THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 6): OUE Real Estate Investment Trust : TS0U 0% (OUE Reit): Its wholly owned subsidiary, OUE Reit Treasury, has priced its offering of S$250 million of green notes under its S$2 billion multi-currency debt issuance programme. The notes will…
Read MoreElon Musk’s xAI to develop new supercomputer in Memphis
ELON Musk’s xAI plans to develop a new facility in Memphis to house a giant supercomputer, a move by the artificial intelligence (AI) startup to boost its capacity in the race to build and offer chatbots and other AI-powered tools. Musk and his team at xAI have been working with officials in the Tennessee city…
Read MoreTiming for US ether ETF launches depends on how fast issuers can move, SEC chair says
THE timing for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the US Securities and Exchange Commission’s (SEC) queries, chair Gary Gensler said on Wednesday (Jun 5). The SEC last month approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs.…
Read MoreEurope: Shares led higher by tech stocks ahead of ECB rate decision
EUROPEAN shares gained on Wednesday (Jun 5), led by technology stocks including Dutch semiconductor equipment maker ASML, with focus shifting to the European Central Bank’s (ECB) key rate decision later this week. The pan-European Stoxx 600 closed 0.8 per cent higher after falling around 0.5 per cent in the last session, with the technology sector…
Read MoreOUE Reit Treasury prices S$250 million green notes due 2027 at 4.1%
OUE Real Estate Investment Trust (Reit) Treasury, a wholly owned subsidiary of OUE Reit : TS0U 0%, has priced its offering of S$250 million of green notes under its S$2 billion multicurrency debt issuance programme. The notes – rated BBB- by S&P Global Ratings – are expected to be issued on Jun 14 and listed…
Read MoreAlphabet names Lilly executive Anat Ashkenazi as CFO
ALPHABET named Anat Ashkenazi as its chief financial officer on Wednesday (Jun 5), turning to a top executive from drugmaker Eli Lilly to help steer the Google parent in the generative artificial intelligence era. Ashkenazi’s departure from Lilly was announced earlier in the day. At Alphabet, she will succeed Ruth Porat, the company’s longtime CFO…
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