Posts by Yurie Miyazawa
Baltic Exchange Shipping Insights
Capesize AFTER a slow start due to a UK Bank Holiday, the market quickly regained momentum. The Pacific was notably active, with all three major miners actively fixing throughout the week. Initially rates struggled to gain traction as brokers reported an oversupply of early vessels. However, towards the latter part of the week, the Pacific…
Read MoreJet supply chain headaches may still be here in 2026: Iata
Supply chain issues that have dogged the delivery of new aircraft around the world could stretch into 2026, according to International Air Transport Association (Iata) director-general Willie Walsh. “Our assessment is that it’s not getting worse but it’s not getting better either,” Walsh said in an interview with Bloomberg Television at the Iata annual meeting…
Read MoreAramco kicks off giant share sale in test of investor appetite
Aramco on Sunday (Jun 2) kicked off a share sale to raise about US$12 billion for Saudi Arabia, one of the biggest deals in recent years that will test investor interest in the kingdom’s assets. Saudi Arabia is looking to attract more international shareholders after Aramco’s mega IPO five years ago turned out to be…
Read MoreSaudi Aramco’s US$12 billion stock offer sells out in hours
Saudi Aramco’s US$12 billion share sale sold out shortly after the deal opened on Sunday (Jun 2), in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan. The government had demand for all shares on offer in a few hours after books opened, according to terms of…
Read MoreTesla shareholder sues Musk for alleged US$7.5 billion insider trading
A TESLA shareholder filed a lawsuit on Thursday (May 30) accusing CEO Elon Musk of insider trading when he sold over US$7.5 billion of shares of the electric car maker in late 2022, saying the billionaire entrepreneur sold the shares before potentially disappointing production and delivery numbers were made public. Shareholder Michael Perry, in the…
Read MoreChina food security law comes into force, aims for absolute self-sufficiency
CHINA’S first food security law aimed at achieving “absolute self-sufficiency” in staple grains came into effect on Saturday (Jun 1), reinforcing efforts by the world’s biggest agriculture importer to lower its reliance on overseas purchases. The law provides a legal framework for existing guidance by the Communist Party for local governments and the agricultural industry…
Read MoreNaver’s Webtoon Entertainment files for US IPO disclosing losses
WEBTOON Entertainment filed for a US initial public offering (IPO) after backer Naver this year accelerated plans for the market debut of the online comics operator. Los Angeles-based Webtoon said in a filing Friday (May 31) with the US Securities and Exchange Commission that South Korean internet company Naver will continue to control it after…
Read MoreEurope: Shares rise after US inflation data keeps Fed rate cut hopes alive
EUROPEAN shares rose on Friday (May 29) after softer US inflation data spurred hopes of interest rate cuts by the Federal Reserve, while June rate cut bets for the euro zone remained intact despite hotter than expected inflation figures from the region. The pan-European Stoxx 600 index closed 0.3 per cent higher, but still recorded…
Read MoreTrip.com scales up outside China to capture post-pandemic travel rebound
TRAVEL portal Trip.com continues to expand beyond its roots in China, seeking customers and increasing headcount in other markets, including its international headquarters in Singapore. The post-pandemic rebound in travel was the catalyst for its current expansion, with an increase in travel offerings too, said Edmund Ong, general manager of Trip.com Singapore, in an interview…
Read MoreGreenback slides after US inflation meets expectations in April
THE US dollar was lower and on track for its first monthly decline in 2024 after data showed that US inflation rose in line with expectations in April. The personal consumption expenditures (PCE) price index increased 0.3 per cent last month, the Commerce Department’s Bureau of Economic Analysis said on Friday (May 31), matching the…
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