Posts by Yurie Miyazawa
Stocks 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…
Read MoreLatest Singapore six-month T-bill cut-off yield sinks to 2.05%
[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) dropped to 2.05 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jun 5). This was a decline from the 2.2 per cent cut-off yield offered in the previous six-month auction that closed on May 22. It was the lowest…
Read MoreCiti to cut 3,500 tech jobs in China in global revamp
[HONG KONG] Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5), as it pushes to simplify and shrink global tech operations to improve risk and data management. The reduction of staff at the China Citi Solution Centres in Shanghai…
Read MoreAmazon’s delivery, logistics get an AI boost
[SUNNYVALE, California] Amazon wants customers to know that artificial intelligence is not just for writing college essays. In a series of announcements on Wednesday, Amazon demonstrated how stockroom robots, delivery people and its sprawling warehouses will all benefit from a hefty dose of artificial intelligence, speeding packages to customer doorsteps. The company said it is…
Read MoreUS: Stocks mixed on slower hiring, economic uncertainty
Published Thu, Jun 5, 2025 · 06:10 AM [NEW YORK] Wall Street stocks closed mixed on Wednesday on signs that US economic activity was cooling, even though investors were careful not to overreact to a slowdown in private sector hiring. The Dow Jones Industrial Average slipped 0.2 per cent to 42,427.74, while the broad-based S&P 500 Index…
Read MoreGoing green in a multi-polar world
BY HOW much has the world progressed in climate mitigation and abatement? A cursory look may be disheartening. 2024 was the hottest year on record; it was the first calendar year when temperatures rose by 1.55 degrees Celsius above pre-industrial level. At the same time, geopolitical crises drove demand for fossil fuels; economic uncertainty also cast…
Read MoreOvercoming challenges in sustainable finance
Helge Muenkel, chief sustainability officer, DBS Helge Muenkel, DBS chief sustainability officer PHOTO: DBS Victor Wong, head of sustainability office, UOB Asset Management Victor Wong, head of sustainability office, UOB Asset Management PHOTO: UOB Mike Ng, group chief sustainability officer, OCBC Mike Ng, group chief sustainability officer, OCBC PHOTO: OCBC BT: Sustainable investing has ebbed…
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