Posts by Yurie Miyazawa
In return to Singapore, Barclays Private Bank sets sights on ultra rich and family offices
[SINGAPORE] Barclays’ private bank, which made a return to Singapore in 2021, is building up the business with renewed vigour. In that push, the group has been stepping up its recruitment in Singapore, said Evonne Tan, head of Barclays Private Bank, Singapore. Among the most prominent hires, besides Tan, are David Ratcliffe as chief operating…
Read MoreManulife US Reit divesting Atlanta property for US$133.8 million to repay loans due 2026
[SINGAPORE] The manager of Manulife US real estate investment trust (Reit) announced on Sunday (May 11) that it has agreed to sell Peachtree, a 28-storey Class A office building in Atlanta, Georgia for US$133.8 million. The purchaser is an unrelated third party, and the purchase-and-sale agreement is subject to approval by the lenders of Manulife…
Read MoreCATL to launch at least US$4 billion Hong Kong listing on Monday: sources
[HONG KONG] Chinese battery maker CATL is launching its Hong Kong public offering on Monday (May 12), aiming to raise at least US$4 billion at about a 5 per cent discount to its domestic share price, three people with knowledge of the deal said on Sunday. CATL’s Shenzhen-listed shares last traded at 248.27 yuan on…
Read MoreLondon bankers scour market for IPO reboot after Shein stalls
[LONDON] London bankers and investors are pinning their hopes on a handful of candidates to get initial public offering (IPO) activity off the ground after the much-anticipated listing of Shein hit a pause. A blockbuster IPO by Shein, planned for this year and at one point eyeing a valuation of as much as £50 billion…
Read MoreUS projected to hit debt limit in August: Treasury chief
Published Sat, May 10, 2025 · 06:40 AM [WASHINGTON] There is a “reasonable probability” the United States will hit its borrowing limit in August when Congress is in recess, Treasury Secretary Scott Bessent said on Friday, calling on lawmakers to act. “I respectfully urge Congress to increase or suspend the debt limit by mid-July, before…
Read MoreStarHub Q1 profit falls 18.4% to S$31.8 million
[SINGAPORE] Telco StarHub on Friday (May 9) reported profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from S$38.9 million in the corresponding year-ago period. This was in tandem with lower earnings before interest, taxes, depreciation and amortisation, as well as higher depreciation and amortisation. It was offset…
Read MoreAnalysts raise price targets on DBS after Q1 earnings
[SINGAPORE] Analysts raised price targets for shares of DBS, following its first quarter results release on Thursday (May 8). The bank’s net profit at S$2.9 billion for the three months ended Mar 31 – 2 per cent lower than the S$2.95 billion from the same year-ago period. However, it beat the S$2.87 billion consensus forecast…
Read MoreOCBC mulls capital management as it closes in on three-year target for S$3 billion incremental revenue
[SINGAPORE] As OCBC reaches the deadline for its three-year target to achieve S$3 billion in incremental revenue by 2025, it is setting its sights on staying resilient in an increasingly uncertain world, said group chief executive Helen Wong. Wong said OCBC may not necessarily have a revenue target ahead, although she added that the lender…
Read MoreFirst-order impact of trade tariffs affect about 3% of OCBC’s loan book; portfolio remains ‘resilient’
[SINGAPORE] Current trade tariffs are expected to have a “first-order impact” on 3 per cent of OCBC’s loan book, group chief financial officer Goh Chin Yee said at the bank’s first-quarter earnings call on Friday (May 9). “We further stress-tested our portfolio for potential vulnerabilities and assessed that our portfolio remains resilient,” Goh said. OCBC’s…
Read MoreFrom Apple to GM, tariffs to cost companies tens of billions
[SAN FRANCISCO] From Apple to General Motors (GM), corporate America is bracing for tens of billions of US dollars in damages from Trump’s trade war – and that’s before most affected goods have landed. Among US companies that have disclosed financial projections so far, GM sees a US$5 billion hit this year, while Apple expects…
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