Posts by Yurie Miyazawa
Wilmar International down 4% after Jakarta’s seizure of 11.8 trillion rupiah from Wilmar Group in graft case
[SINGAPORE] The shares of Wilmar International fell on Wednesday (Jun 18) morning after the Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from its parent company Wilmar Group in a palm-oil graft case. As at 9.08 am, the counter was trading at S$2.89, down S$0.12 or around 4 per cent from Tuesday’s closing price of S$3.01,…
Read MoreGold steady as Middle East tensions rise, Fed decision on tap
[BENGALURU] Gold prices held steady on Wednesday (Jun 18), as escalating tensions between Israel and Iran entered their sixth day, while a stronger US dollar capped gains ahead of the US Federal Reserve’s policy decision due later in the day. Spot gold was steady at US$3,386.59 an ounce, as at 0052 GMT. US gold futures…
Read MoreStocks to watch: Thakral, Fu Yu
[SINGAPORE] The following company saw new developments that may affect trading of its securities on Wednesday (Jun 18):
Read MoreMonopoly maker Hasbro cuts 3% of total workforce amid higher tariff costs
Published Wed, Jun 18, 2025 · 06:55 AM [BENGALURU] Hasbro has cut 3 per cent of its global workforce in its latest effort to shave costs as it looks to tackle higher tariffs on toys majorly from China. The job cuts amount to about 150 employees. According to its fiscal 2024 annual filing, the company…
Read MoreOil prices rise more than 4% as Iran-Israel conflict escalates
[HOUSTON] Oil prices climbed over 4 per cent on Tuesday (Jun 17) as the Iran-Israel conflict raged with no end in sight, though major oil and gas infrastructure and flows have so far been spared from substantial impact. Brent crude futures settled at US$76.45 a barrel, US$3.22, or 4.4 per cent. US West Texas Intermediate…
Read MoreGlobal shipping not disrupted by Israel-Iran conflict for now, but impact likely nuanced
[SINGAPORE] The Israel-Iran conflict has not disrupted global shipping – for now – but the likely impact on the industry might be more nuanced. Pacific International Lines (PIL), which focuses on China, Africa, the Middle East, Latin America, Oceania and the Pacific Islands, said that its sailings are continuing notwithstanding the escalated tensions in the…
Read MoreAustralian resort operator GemLife IPO to raise up to A$750 million, says Thakral
[SINGAPORE] An associate of property investor Thakral Corporation has launched an initial public offering (IPO) to raise up to A$750 million (S$628.2 million) at an implied post-money valuation of A$1.58 billion, the mainboard-listed company said in a bourse filing on Tuesday (Jun 17). The IPO of Australian over-50s lifestyle resorts operator GemLife Communities is set…
Read MoreRecord central banks expect gold reserves to rise amid de-dollarisation: survey
[SINGAPORE] A record high number of central banks are expecting a gold buying spree among the reserve managers in the next 12 months, based on data released by World Gold Council (WGC) on Tuesday (Jun 17). Among the 73 central banks polled, some 95 per cent of them indicated that they expect global central banks…
Read MoreDespite law, US TikTok ban likely to remain on hold
[SAN FRANCISCO] US President Donald Trump is widely expected to extend the Thursday deadline for TikTok to find a non-Chinese buyer or face a ban in the United States. It would be the third time Trump put off enforcing a federal law requiring its sale or ban, which was to take effect the day before…
Read MoreGold recovers as Middle East tensions buoy demand; Fed meeting in focus
[BENGALURU] Gold prices rebounded on Tuesday (Jun 17), as rising tensions between Israel and Iran buoyed demand for the safe-haven asset, while investors looked forward to the outcome of the US Federal Reserve’s policy meeting this week. Spot gold rose 0.5 per cent at US$3,399.90 an ounce, as at 0048 GMT, after dropping more than…
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