Posts by Yurie Miyazawa
Europe: Shares ease as trade uncertainty lingers after court blocks Trump’s tariffs
EUROPEAN shares eased on Thursday as initial relief that a US trade court had blocked some of President Donald Trump’s tariffs fizzled out. The continent-wide Stoxx 600 index closed 0.19 per cent lower at 547.88. The Court of International Trade ruled that Trump overstepped his authority by imposing across-the-board duties on imports from US trade…
Read MoreNTT Docomo to buy SBI’s net bank for 420 billion yen in cut-throat market
[TOKYO] NTT Docomo is buying SBI Holdings’ online bank in a 420 billion yen (S$3.7 billion) deal to shore up the Japanese mobile carrier’s financial offerings in a hyper-competitive market. Nippon Telegraph and Telephone’s mobile unit will launch a tender offer for SBI Sumishin Net Bank, offering 4,900 yen a share – a 49 per…
Read MoreAs listcos head for the door, are private markets the answer for investors?
[SINGAPORE] Private markets have grown increasingly popular in recent times in South-east Asia, with Singapore accounting for 45 per cent of the private equity market in deal value and volume in 2024. On Mar 27, the Monetary Authority of Singapore (MAS) unveiled and sought feedback on a framework for retail private market investment funds in…
Read MoreAsia: Equities boosted by US court’s tariff ruling, Nvidia results
[HONG KONG] Asian stocks rallied with US futures on Thursday after a US court blocked Donald Trump’s sweeping global tariff blitz, dealing a hefty blow to the president’s signature trade policy and providing some much-needed relief. The ruling provided an extra shot in the arm for investors already upbeat after forecast-busting earnings from chip titan…
Read MoreSouth Korea central bank cuts rate, slashes 2025 growth forecast
Published Thu, May 29, 2025 · 10:17 AM [SEOUL] South Korea’s central bank cut interest rates on Thursday in a bid to cushion the export-dependent economy from US President Donald Trump’s tariff war, as it almost halved its annual growth forecast. The Bank of Korea lowered its benchmark interest rate “from the current 2.75 per…
Read MoreSembcorp unit wins solar energy project to supply power in India
[SINGAPORE] Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra will supply solar power and support peak electricity demand for four hours a day through a 300 megawatt-hour battery energy storage system (Bess) once the project…
Read MoreSeatrium posts S$21.3 billion Q1 net orderbook
Projects relating to renewables and green or cleaner solutions have a contract value of S$7.1 billion [SINGAPORE] Seatrium recorded net orderbook wins amounting to S$21.3 billion as at March, comprising 26 projects with delivery dates till 2031. Of these, nine are scheduled for delivery in 2025, and they have a contract value of S$387 million,…
Read MoreCapitaLand Ascendas Reit raises S$500 million from private placement of 202 million shares at S$2.47 each
Proceeds will help fund S$700 million purchase of Tai Seng data centre, Science Park building [SINGAPORE] CapitaLand Ascendas Real Estate Investment Trust (Clar) has raised S$500 million from a private placement of 202.4 million units, priced at S$2.47 per unit. The price is a discount of 5.2 per cent of the volume weighted average price…
Read MoreChevron to cut nearly 800 jobs in Texas
Published Thu, May 29, 2025 · 08:23 AM [HOUSTON] Chevron will lay off nearly 800 employees in Texas, according to a notice on Wednesday to the Texas Workforce Commission, part of the US oil producer’s plan to cut up to 20 per cent of its global workforce by the end of 2026. The job cuts…
Read MoreTrump tells US chip design software makers to halt China sales: FT
PRESIDENT Donald Trump’s administration has ordered US firms that offer software used to design semiconductors to stop selling their services to Chinese groups, the Financial Times reported on Wednesday, citing people familiar with the move. Electronic design automation software makers, which include Cadence, Synopsys and Siemens EDA, were told via letters from the Commerce Department…
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