Posts by Yurie Miyazawa
Diversified S-Reits’ operating performance remains resilient amid market uncertainties
[SINGAPORE] Diversified real estate investment trusts (Reits) hold a mixture of assets across multiple sub-sectors such as industrial, retail, office and hospitality, offering investors the prospect of portfolio stability and flexibility. The larger diversified Reits in the Singapore market, or S-Reits, include Straits Times Index (STI) counters such as CapitaLand Integrated Commercial Trust (CICT), Mapletree…
Read MoreEurope: Shares tumble as Israel-Iran conflict escalates
EUROPEAN shares closed lower on Friday (Jun 13) as Israel’s wide-scale strike against Iran triggered a broad market selloff, with investors rushing to safe-haven assets amid an already uncertain trade environment. The pan-European Stoxx 600 index fell 0.9 per cent, briefly hitting its lowest level in three-weeks. The index also marked its fifth consecutive declining…
Read MoreOil settles up 7% as Israel, Iran trade air strikes
[HOUSTON] Oil prices jumped on Friday (Jun 13) and settled 7 per cent higher as Israel and Iran traded air strikes, feeding investor worries that the combat could widely disrupt oil exports from the Middle East. Brent crude futures settled at US$74.23 a barrel, up US$4.87, or 7 per cent, after earlier soaring over 13…
Read MoreThakral associate GemLife inks underwriting agreement for Australian IPO launching ‘very shortly’
The company holds an effective interest of 31.7 per cent in GemLife, a lifestyle resorts business in Australia [SINGAPORE] Mainboard-listed Thakral Corp’s associate GemLife has signed an underwriting agreement for its proposed initial public offering (IPO) on the Australian Securities Exchange (ASX). The proposed IPO is expected to launch “very shortly”, said Thakral in a…
Read MoreNovo Nordisk overtakes SAP as Europe’s most valuable company
Published Fri, Jun 13, 2025 · 05:38 PM [COPENHAGEN] Novo Nordisk reclaimed its position as Europe’s most valuable public company, overtaking software developer SAP. Shares in the Danish drugmaker climbed as much as 2.3 per cent on Friday (Jun 13) after Novo said it plans to advance its experimental weight management treatment amycretin into late-stage…
Read MoreMeta finalises investment in Scale AI, valuing startup at US$29 billion
META Platforms has finalised an investment in Scale AI that values the startup at over US$29 billion, Scale AI said on Thursday. Two sources familiar with the matter said that Meta’s investment in Scale AI amounts to US$14.3 billion. The sources said that Scale CEO and co-founder Alexandr Wang will join a new “superintelligence” unit…
Read MoreStocks to watch: SIA, Boustead
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 13). Singapore Airlines (SIA): An Air India plane bound for London crashed moments after taking off from the city of Ahmedabad on Thursday and more than 240 casualties have been reported, authorities said. The Boeing 787-8 Dreamliner, with…
Read MoreOil settles lower as traders gauge Middle East tensions
[NEW YORK] Oil prices settled slightly lower on Thursday as traders booked profits from a 4 per cent rally in the prior session, driven by concerns that worsening tensions in the Middle East could cause supply disruptions. Brent crude futures settled down 41 cents, or 0.6 per cent, at US$69.36 a barrel. US West Texas Intermediate crude…
Read MoreEurope: Shares drop as trade optimism wanes, geopolitical tensions rise
EUROPEAN equities logged their fourth consecutive decline on Thursday as trade optimism dimmed, while mounting geopolitical tensions prompted a pullback from risk assets. The pan-European Stoxx 600 closed 0.33 per cent lower at 549.84, after touching its lowest levels in over a week during the session. This extended selloff marks its longest daily losing streak in over…
Read MoreSGX securities turnover rises 1% in May, volume down 18%
[SINGAPORE] The total securities market turnover value on the Singapore Exchange (SGX) edged up 1 per cent year on year to S$26.9 billion, supported by institutional hedging activity and continued demand for safe-haven and dividend-yielding stocks. The securities daily average value rose 6 per cent on year to about S$1.3 billion. May’s total market turnover…
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