Posts by Yurie Miyazawa
Asia: Stocks drop after Fed warning, oil dips with Middle East in focus
[HONG KONG] Asian stocks fell on Thursday after the Federal Reserve warned Donald Trump’s trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict. While geopolitical tensions are the key focus for markets, traders were also watching the US central bank’s…
Read MorePEC delists from SGX on Jun 19 after US$165 million acquisition by Liberty Energy Solutions
[SINGAPORE] Engineering company PEC has been delisted from the mainboard of the Singapore Exchange (SGX) as at 9 am on Thursday (Jun 19) after Alliance Energy Services’ offer to privatise the group via a scheme arrangement received shareholder approval in May. The scheme consideration, which amounts to S$0.84 per share and comprises a payment of…
Read MoreAlibaba Cloud to start second data centre in South Korea by June
The company operates 87 availability zones across 29 global regions and is China’s largest cloud provider Published Thu, Jun 19, 2025 · 10:47 AM [SEOUL] Alibaba Group Holding will open a second data centre in South Korea by the end of June, accelerating its multibillion-dollar bet on artificial intelligence (AI) and cloud computing. The new…
Read MoreSeatrium partners with Solvang, Norway to establish Carbon Capture and Storage systems
[SINGAPORE] Seatrium announced on Thursday (Jun 19) that it had signed of a letter of intent (LOI) with Solvang, Norway for the installation and retrofitting of full-scale Carbon Capture and Storage (CCS) systems. The project is expected to commence in late 2026, where Solvang’s new series of very large gas carriers, configured specifically for CCS…
Read MoreNAB pays A$751,200 penalty on breaches of consumer data rights rules
Published Thu, Jun 19, 2025 · 09:50 AM AUSTRALIA’S competition watchdog said on Thursday that the National Australia Bank had paid a fine of A$751,200 (S$629,000) over alleged breaches of consumer data right rules due to failures to disclose credit limit data. The penalty, which is the highest ever for alleged breaches of Consumer Data…
Read MoreStocks to watch: DBS, UOB, Sats, Far East Orchard, GuocoLand, Elite UK Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Jun 19): DBS: The lender inked a memorandum of understanding with the the Australian Trade and Investment Commission on Wednesday to deepen investment links between Australia and South-east Asia. The two will collaborate to help Australian companies expand into markets…
Read MoreAirbus hits US$21 billion orders at Paris Air Show as Boeing focuses on India crash
[PARIS] Airbus secured more aircraft orders on Wednesday, raising its total to US$21 billion at this week’s subdued Paris Air Show, while rival Boeing opted not to announce new sales following last week’s Air India 787 crash. Airbus firmed up an order for 10 long-haul jets from Taiwan’s Starlux Airlines in a boost for the European planemaker…
Read MoreEurope: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the Middle East adding to market uncertainty. The pan-European Stoxx 600 index closed 0.36 per cent down at 540.33, at a near one-month low. The hostilities between Iran and Israel extended to a sixth day, with fears of a…
Read MoreSats prices US$100 million in fixed-rate notes at 4.648%
[SINGAPORE] In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per cent. The Series 003 notes will be issued by Sats’ US$3 billion multicurrency debt issuance programme established in November 2023 and updated last year. They are expected to be issued on…
Read MoreInside Wilmar’s graft probe: How a cooking oil crisis led to a multitrillion rupiah corruption scandal
[SINGAPORE] Indonesian authorities in May seized 11.8 trillion rupiah (S$928 million) from global palm oil company Wilmar as part of an ongoing corruption case involving allegations of bribery to obtain palm oil export permits in 2022. The company, founded by Singaporean tycoon Kuok Khoon Hong, stands accused of earning unauthorised profits by evading state-imposed export…
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