Posts by Yurie Miyazawa
IFA stands its ground on valuations in Sinarmas Land offer; says methods used ‘appropriate’ and in line with practice
[SINGAPORE] W Capital Markets, which is advising Sinarmas Land’s independent directors on the Widjajas’ offer to privatise the company, insists its valuations of the group’s assets are “appropriate” and “consistent with widely accepted industry practice”. The independent financial adviser (IFA) was responding to concerns raised by the Singapore Investors Association (Singapore) or Sias, and The…
Read MoreStocks to watch: Sinarmas Land, Frasers Hospitality Trust, Procurri Corp
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (May 6). Sinarmas Land: W Capital, the independent financial advisor (IFA) appointed by Sinarmas Land to opine on its privatisation offer by the Widjaja-family linked Lyon Investments, responded to an article by The Business Times and a statement by Sias that…
Read MoreApple prices first bond offering in two years
[NEW YORK] Apple sold US$4.5 billion worth of bonds late on Monday (May 5), its first offering in two years, and said it plans to use proceeds to repurchase stock and repay outstanding debt. The offering included US$1.5 billion of three-year notes and US$1 billion each of five, seven- and 10-year notes. Apple has US$8…
Read MoreCitigroup CEO says most business clients can absorb 10% tariffs
Published Tue, May 6, 2025 · 07:00 AM [NEW YORK] Citigroup CEO Jane Fraser said on Monday most of the bank’s business clients could absorb US tariffs of 10 per cent on the nation’s trading partners, but cautioned that companies are waiting on investments and hiring until there is more economic clarity. “If it is…
Read MoreCredit Suisse to pay US$511 million as part of agreement with US DOJ in tax evasion case
A CREDIT Suisse unit on Monday pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than US$510 million, the US Department of Justice said on Monday. Credit Suisse Services AG pleaded guilty and was sentenced on Monday for conspiring to hide more than US$4 billion from…
Read MoreOil ends at four-year lows as Opec+ accelerates output hikes
[NEW YORK] Oil fell by more than US$1 a barrel on Monday to settle at over four-year lows as an Opec+ decision to expedite its output hikes stoked fears about rising global supply at a time when the demand outlook is uncertain. Brent crude futures settled at US$60.23 a barrel, down US$1.06, or 1.7 per cent.…
Read MoreEurope: Stoxx 600 posts longest winning streak in nearly four years; focus on Fed, tariff updates
EUROPEAN shares extended their winning streak on Monday, with investors focusing on developments from the trade war alongside the US Federal Reserve’s policy meeting later this week. The pan-European Stoxx 600 index ended 0.16 per cent higher at 537.31 points to mark its 10th consecutive session of gains, its longest winning streak since August 2021. Germany’s main…
Read MoreAudi keeps outlook after Q1 sales rise, but tariff impact not included
[BERLIN] Volkswagen’s premium brand Audi on Monday (May 5) kept its full-year guidance, with the caveat that any impact from US tariffs was not included, after its first-quarter revenue rose 12.4 per cent on higher sales of electric models. Quarterly revenue rose to 15.43 billion euros (S$22.52 billion) in January-March, compared with 13.73 billion a…
Read MoreBank of Japan sees window for rate hikes narrowing but not closed yet
[TOKYO] The Bank of Japan’s rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with US President Donald Trump’s tariffs rapidly narrowing the window for further increases in still-low borrowing costs. After the BOJ’s decision on Thursday to keep interest rates steady at 0.5 per cent, Ueda…
Read MoreSingapore’s STI little changed in early trade on Monday after PAP win at GE2025
[SINGAPORE] Singapore shares were little changed in early trade the first trading day after the country’s election wrapped up. As at 9.28am, the Straits Times Index (STI) opened 0.09 per cent, or 3.36 points higher at 3,841.79, on the first trading day after elections. Across the broader market, gainers outnumbered losers 107 to 79 after…
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