Posts by Yurie Miyazawa
Novo 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…
Read MoreChina stocks soar on AI, trade hopes. Who are the country’s ‘Terrific Ten’ firms?
[SINGAPORE] Chinese stocks have see-sawed since late last year, as investors reacted to factors ranging from government stimulus, artificial intelligence (AI) and US President Donald Trump’s trade tariffs. The Asian giant’s companies had experienced a lengthy bear market in the past few years, with investors flocking to US markets. Last October, Hong Kong’s Hang Seng…
Read MoreChina stocks soar on AI, trade hopes. Which are the country’s ‘Terrific Ten’ firms?
[SINGAPORE] Chinese stocks have see-sawed since late last year, as investors reacted to factors ranging from government stimulus, artificial intelligence (AI) and US President Donald Trump’s trade tariffs. The Asian giant’s companies had experienced a lengthy bear market in the past few years, with investors flocking to US markets. Last October, Hong Kong’s Hang Seng…
Read MoreApac’s data centre boom threatens to strain power grids, reliability at risk: report
[SINGAPORE] Asia Pacific’s (Apac) soaring demand for data centres and other energy-intensive sectors is starting to weigh on power systems across the region, affecting grid reliability and increasing costs for some. According to a report released on Thursday (Jun 11) by construction consultancy Linesight, the demand for reliable electricity has become a critical challenge…
Read MoreCapitaLand China Trust to divest retail property for 748 million yuan
[SINGAPORE] CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the divestment of CapitaMall Yuhuating, a mature retail asset in Changsha. This is part of its participation in the proposed listing of CapitaLand Commercial C-Reit (CLCR) on the Shanghai Stock Exchange. CLCT will dispose…
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