Posts by Yurie Miyazawa
Europe: Stocks hit one-week highs on Middle East ceasefire
[BENGALURU] European stocks soared on Tuesday (Jun 24), buoyed by a ceasefire between Israel and Iran, while a slump in oil prices dragged energy stocks lower. The pan-European Stoxx 600 index rose 1.11 per cent, hitting a one-week high during the session and notching its biggest single-day jump in over a month. While most sectors…
Read MoreFrasers Centrepoint Trust prices S$200 million perpetual securities at 3.98%
[SINGAPORE] Frasers Centrepoint Trust’s (FCT) trustee HSBC Institutional Trust Services has priced S$200 million subordinated perpetual securities at 3.98 per cent under its S$3 billion multicurrency debt issuance programme. The securities will be issued in denominations of S$250,000 each, and OCBC has been appointed as the sole lead manager, said FCT’s manager in a bourse…
Read MoreFinding opportunities in disclosures
[SINGAPORE] Sustainability and climate reporting continue to face widespread resistance among businesses – many of which do not view these issues as material or consistent with business objectives. But global markets’ gradual move towards mandatory reporting on environmental, social and governance (ESG) issues – especially climate-related disclosures – goes beyond providing insights on the sustainability…
Read MoreThree Arrows founders fail in appeal for orders to disclose crypto fund dealings to be set aside
[SINGAPORE] The Court of Appeal on Tuesday (Jun 24) dismissed an application by the founders of Three Arrows Capital (3AC) to set aside orders requiring them to disclose their dealings with their now-defunct cryptocurrency fund. Chief Justice Sundaresh Menon, however, overturned a lower court decision that allowed liquidators to examine its co-founder Zhu Su following…
Read MoreToyota crashes Indonesia’s used-car party with US$120 million bet
[JAKARTA] It’s an alliance everyone saw coming. After decades of dominating Indonesia’s automotive industry, Toyota and Astra are joining forces for the country’s used-car market. The Japanese automaker shelled out US$120 million for a 40 per cent stake in Astra Digital Mobil, giving it part ownership of used-car marketplaces OLX and OLXmobbi. The deal comes as Indonesia’s…
Read MoreStocks to watch: OCBC, Lum Chang, Suntec Reit, Acrophyte Hospitality Trust, Stoneweg Europe Stapled Trust, ICP
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 24): OCBC: The lender on Monday said it has no intention to convert its Class C non-voting Great Eastern shares into ordinary shares when they come up for conversion in five years as this will result in the…
Read MoreNissan’s new CEO faces investor grilling over job cuts, losses and mounting debt
NISSAN Motor chief executive officer Ivan Espinosa’s first shareholder meeting will be overshadowed by tough questions over tariffs, funding and a mid-term plan to turn around the struggling Japanese carmaker. The key objective will be to convince Tuesday’s annual gathering of investors, who have seen the stock drop 28 per cent this year, that planned…
Read MoreOil settles down 7% after Iran attacks US military base in Qatar, not tankers
[HOUSTON] Oil prices settled down more than 7 per cent on Monday, losing more than US$5 a barrel after Iran took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz, but instead attacked a US military base in Qatar in retaliation for US attacks on its nuclear facilities. Brent crude futures closed down…
Read MoreWhy Soft-Close Cabinets Are a Must-Have When Shopping Online
Convenience and functionality are top of mind for contemporary consumers in this fast-paced world. Since the boom of online shopping, sourcing products that address these needs has never been easier. Among all home improvement ideas, one real gem is soft-close cabinets. Not only do these cabinets contribute to the space’s aesthetics, but they also offer…
Read MoreLum Chang Creations lodges preliminary document for Catalist IPO
[SINGAPORE] Interior fit-out business Lum Chang Creations has lodged a preliminary prospectus on Monday (Jun 23) for a Catalist listing on the Singapore Exchange. It follows the business spin-off from mainboard-listed Lum Chang Holdings, finalised upon internal restructuring on Jun 19, noted the construction and property development company in a bourse filing on Monday. According…
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