Posts by Yurie Miyazawa
Oil 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…
Read MoreStocks to watch: SIA, Q&M Dental Group, Cordlife
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jun 17): Singapore Airlines (SIA): The national carrier and its low-cost arm Scoot reported a 3.1 per cent year-on-year increase in passenger traffic in May, which eased from the previous month’s growth, according to its operating results on Monday. This…
Read MoreSoftBank sells T-Mobile stake for US$4.8 billion to bet on AI
The Tokyo-based technology group sold 21.5 million T-Mobile shares for US$224 each Published Tue, Jun 17, 2025 · 07:20 AM — Updated Tue, Jun 17, 2025 · 05:06 PM [NEW YORK] SoftBank Group raised around US$4.8 billion through a sale of T-Mobile US shares, a move that helps fund the Japanese company’s grandiose plans for…
Read MoreOpenAI executives have discussed accusing Microsoft of anticompetitive behavior: WSJ
EXECUTIVES at OpenAI have discussed accusing the company’s major backer, Microsoft, of anticompetitive behaviour during their partnership, the Wall Street Journal reported on Monday, citing people familiar with the matter. OpenAI’s effort could involve seeking a federal regulatory review of the terms of its contract with Microsoft for potential violations of antitrust law, as well…
Read MoreUS: Stocks gain as Middle East clash seen as contained so far
[NEW YORK] Wall Street stocks rose on Monday on hopes the Israel-Iran conflict will not spiral further, as markets began to look ahead to a Federal Reserve decision later in the week. Iran’s state broadcaster was briefly knocked off air by an Israeli strike after a barrage of Iranian missiles killed 11 people in Israel on the…
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