Posts by Yurie Miyazawa
Tesla to build first grid-scale power plant in China
Published Sun, Jun 22, 2025 · 11:00 AM [NEW YORK] Tesla announced on Friday (Jun 20) that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid resources, and “effectively solve pressures relating to urban power supply”, Tesla…
Read MoreCircle gets buy rating after Senate passes stablecoin bill
The company behind USDC has seen its shares rise more than 600% since they started trading earlier this month Published Sun, Jun 22, 2025 · 10:00 AM [NEW YORK] Circle Internet Group’s shares jumped 20 per cent on Friday (Jun 20) after Seaport Global gave the stablecoin issuer its first buy rating in the wake…
Read MoreOil prices settle lower as US sanctions ease fears of escalation in Iran
[HOUSTON] Oil prices settled down on Friday (Jun 20) as the US imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a negotiated agreement, a day after US President Donald Trump said he might take two weeks to decide US involvement in the Israel-Iran conflict. Brent crude futures settled down US$1.84, or…
Read MoreSingapore shares end Friday in the red amid mixed regional showing; STI down 0.3%
[SINGAPORE] Local stocks ended lower on Friday (Jun 20), amid a mixed regional performance and growing concerns over a possible US military strike on Iran. The benchmark Straits Times Index (STI) fell 0.3 per cent or 10.75 points to 3,883.43. Across the broader market, advancers beat decliners 253 to 203, with 1.3 billion securities worth…
Read MoreSingapore’s banking hub has a busy corner where cash is still king
[SINGAPORE] In the heart of Singapore, a financial hub where billions of dollars zip around the world over computer screens in nanoseconds, there’s a crowded building where cash still reigns. Six days a week, hundreds of people line up in a rundown mall at Raffles Place to buy and sell hard currency at one of around…
Read MoreArcelorMittal drops plans for green steel in Germany due to high energy costs
Published Fri, Jun 20, 2025 · 07:06 AM [BERLIN] ArcelorMittal, the world’s second-largest steelmaker, said on Thursday it had dropped plans to convert two plants in Germany to carbon-neutral production because the country’s energy costs were too high. The decision to turn down 1.3 billion euros (S$1.9 billion) of public subsidies is the latest blow…
Read MoreEurope: Shares dive as Middle East tensions, US involvement fears weigh
EUROPEAN shares skidded to an over one-month low on Thursday as escalating Middle East tensions and fears over potential US involvement rattled investors. The pan-European Stoxx 600 closed down for the third consecutive day with a 0.83 per cent drop to 535.86, its lowest level since May 9. Trading volumes remained thin as US markets were shut…
Read MoreTrump extends deadline for TikTok sale by another 90 days to Sep 17
[WASHINGTON] US President Donald Trump announced on Thursday (Jun 19) that he has given social media platform TikTok another 90 days to find a non-Chinese buyer or be banned in the United States. “I’ve just signed the Executive Order extending the Deadline for the TikTok closing for 90 days (September 17, 2025),” he posted on his Truth Social platform,…
Read MoreEU countries back winemaker support plan, with ‘low-alcohol’ tweak
Published Thu, Jun 19, 2025 · 08:53 PM [BRUSSELS] EU countries Thursday (Jun 19) backed plans by Brussels to give winemakers a leg up – with some tweaks, including reducing labelling requirements for exports and renaming “alcohol-light” products “low-alcohol”. The European Commission in March unveiled a raft of measures to help Europe’s wine sector face…
Read MoreChevron seeks buyers for 50% stake in Singapore refinery: sources
[SINGAPORE] US oil major Chevron has sought non-binding bids for the sale of its 50 per cent stake in Singapore Refining Company (SRC), including from joint venture partner PetroChina, eight sources familiar with the matter told Reuters. Chevron is also gauging interest for the sale of other assets in Asia, including terminal and fuel storage…
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