Posts by Yurie Miyazawa
Oil prices hold gains ahead of US-China trade talks
Inflation data from China on Monday morning will give a reading of domestic demand in the world’s largest crude importer Published Mon, Jun 9, 2025 · 11:50 AM [BEIJING] Oil prices held on to last week’s gains early on Monday (Jun 9) as investors waited for US-China trade talks to be held in London later…
Read More‘Most unloved bonds’ turn routine US auction into crucial test
[NEW JERSEY] Global investor pushback against long-term government debt is turning what normally would be a routine US bond auction into one of the most anticipated events on Wall Street this week. The Treasury is set to sell US$22 billion of 30-year government bonds on Thursday (Jun 12), part of its regularly scheduled borrowings. The…
Read MoreRevisions confirm Japan GDP contraction, backing Bank of Japan caution
Most economists expect the central bank to delay further rate hikes, with a majority anticipating no change in coming months Published Mon, Jun 9, 2025 · 09:35 AM [TOKYO] Japan’s economy contracted in the first quarter of the year by less than initially estimated on better inventory and consumption figures, while still backing caution by…
Read MoreStocks to watch: OCBC, CapitaLand Investment, Sasseur Reit, Thakral
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 9). OCBC: The bank has made a S$900 million conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer,…
Read MoreGEH, OCBC’s proposals a victory of sorts for minorities who have held out, endured suspension
[SINGAPORE] When Great Eastern Holdings (GEH) and its controlling shareholder OCBC put forward a two-pronged plan last week to resolve the insurer’s trading suspension, I was impressed and rather surprised that a seemingly impossible deal had been struck. The first part of the plan is for GEH to attempt delisting its shares from the Singapore…
Read MoreMeta in talks for Scale AI investment that could top US$10 billion
[NEW YORK] Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence (AI) startup Scale AI, according to sources familiar with the matter. The financing could exceed US$10 billion in value, some of the sources said, making it one of the largest private company funding events of all time. The terms of…
Read MoreWhat does the delisting proposal by Great Eastern mean for the minorities as well as majority shareholder OCBC?
[SINGAPORE] As OCBC makes a conditional exit offer of S$900 million at S$30.15 per share to Great Eastern Holdings’ (GEH’s) shareholders, The Business Times takes a look at the background to the deal. What happened last year? Last May, OCBC made a voluntary unconditional general offer of S$25.60 per share or S$1.4 billion for the…
Read MoreUS aerospace industry anxious as tariffs loom
[NEW YORK] US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that the proposed Trump administration levies could eat into the healthy trade surplus the sector has enjoyed for more than 70 years. At the request of President Donald Trump, Commerce Secretary Howard Lutnick’s department launched an investigation on May…
Read MoreGroup CEO Ng Chin Siau increases stake in Q & M
[SINGAPORE] Over the five trading sessions from May 30 to June 5, institutions were marginal net sellers of Singapore stocks, with net institutional outflow of S$32 million compared to net outflow of S$2 million for the preceding five sessions. This keeps the net institutional outflow for 2025 to June 5 at S$1.76 billion. The stocks…
Read MoreThakral’s associate GemLife in advanced talks to IPO on Australian exchange via stapled securities
There is still no assurance or certainty that the proposed IPO would proceed and close successfully, says the company [SINGAPORE] Property investor Thakral Corp’s associate GemLife is considering an initial public offering (IPO) on the Australian Securities Exchange (ASX) in the form of stapled securities. GemLife, a lifestyle resorts business in Australia, is in “advanced…
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