Posts by Yurie Miyazawa
Singapore stocks rise post Trump-Xi talks; STI up 0.4%
Across the broader market, gainers beat losers 266 to 205 as 849.5 million securities worth S$1.1 billion change hands. [SINGAPORE] The local bourse ended Friday (Jun 6) in a positive territory after a call between US President Donald Trump and Chinese President Xi Jinping boosted investors’ confidence. The benchmark Straits Times Index (STI) rose 0.4…
Read MoreGold could test US$4,000 an ounce amid fiscal fears, escalating trade tensions: market watchers
[SINGAPORE] While gold has cemented itself above US$3,000 an ounce in 2025 amid trade uncertainty and US fiscal fears, a bullish forecast could see US$4,000 an ounce within a year’s time, said market watchers. In Asian trading on Friday (Jun 6), spot gold was trading around US$3,371 an ounce as at 12.19 pm, up 29…
Read MoreCordlife collection rates have not recovered to pre-incident levels, but resumption of Singapore operations are ‘encouraging’
[SINGAPORE] Cordlife said that the full resumption of its Singapore operations is an “encouraging step” in restoring client confidence and regaining operational momentum, even though collection rates remain below average levels from before a storage lapse in December 2023. The cord blood bank resumed operations earlier this year after the Ministry of Health (MOH) renewed…
Read MoreAsia: Markets wobble as Trump-Xi talks offset by Musk row
[HONG KONG] Asian markets stuttered on Friday as optimism from “very positive” talks between presidents Donald Trump and Xi Jinping was wiped out by the stunning public row between the US leader and Elon Musk. The much-anticipated discussions between the heads of the world’s biggest economies fuelled hopes for an easing of tensions following the…
Read MoreSats proposes sale of 49% stake in holding company to Swiss airline caterer for 4.2 million euros
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says [SINGAPORE] Ground handler Sats is proposing to divest 509,600 ordinary shares or around 49 per cent of paid-up share capital of holding company Servair-Sats to an airline catering company headquartered in Switzerland. The consideration for the disposal, arrived at on…
Read MoreAmazon cuts more jobs, this time in books division
Published Fri, Jun 6, 2025 · 09:13 AM [SAN FRANCISCO] Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday. The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations. “As…
Read MoreStocks to watch: OCBC, Keppel DC Reit, Jardine C&C, NetLink NBN Trust
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Jun 6). OCBC: The bank has made a S$0.9 billion 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, which…
Read MoreGreat Eastern seeks to delist with new OCBC exit offer of S$30.15 per share
[SINGAPORE] OCBC 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, which OCBC said on Friday (Jun 6) was made “at the request of Great Eastern”, will resolve the latter’s 11-month…
Read MoreEurope: Shares inch up as Lagarde’s remarks offset ECB rate cut
EUROPEAN equities see-sawed on Thursday, ultimately eking out gains after the European Central Bank’s President Christine Lagarde’s more hawkish commentary overshadowed a widely expected rate cut. The pan-European Stoxx 600, which was initially in positive territory, abruptly reversed course, crawling into the red as Lagarde’s remarks about the bank being “well-positioned” to handle global economic uncertainty sent a signal…
Read MoreCourt partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags
[SINGAPORE] The Appellate Division of the High Court has partially allowed an appeal by Goh Jin Hian against having to pay damages for breaching his duty of care as a then-director of the insolvent marine fuel supplier, Inter-Pacific Petroleum (IPP). The ruling on Thursday (Jun 5) said that Goh had breached his duty of care…
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