Posts by Yurie Miyazawa
Norway wealth fund CEO sees potential in real estate
[OSLO] Real estate and renewable assets are becoming more attractive in the face of stock market volatility, according to the head of Norway’s US$1.8 trillion sovereign wealth fund. “The world is splitting into two and that means that we will probably see lower growth and we will see higher inflation,” Norges Bank Investment Management (NBIM)…
Read MoreCGSI upgrades OUE Reit to ‘add’ on improved outlook
[SINGAPORE] CGS International (CGSI) has upgraded its recommendation for OUE Reit to “add” from “hold”, and raised its price target marginally to S$0.33 from S$0.32. In a report on Monday (Apr 28), CGSI analysts Lock Mun Yee and Li Jialin said the Singapore-listed real estate investment trust (S-Reit) could see higher interest savings ahead,…
Read MoreChina says willing to cooperate with US firms after Boeing spat
Among airlines that are willing recipients of the aircraft rejected by the country is Air India Published Tue, Apr 29, 2025 · 01:11 PM [HONG KONG] China is willing to support normal cooperation between US companies, the country’s Ministry of Commerce said on Tuesday (Apr 29), just days after Chinese airlines rejected taking delivery of…
Read MoreSome Chinese exporters hasten US dollar conversion amid trade war
[NEW YORK] Some Chinese exporters are speeding up the conversion of their US dollar income into yuan on bets the worst of the tariff-led loss in the local currency may be over. In a Bloomberg survey of 18 Chinese exporters this month, all of them said they’d already converted, or will immediately switch, their greenback…
Read MoreAsia: Markets rise as traders gear up for earnings, key jobs data
[HONG KONG] Markets edged up on Tuesday after a largely positive day on Wall Street with investors eyeing a busy week of data and earnings releases that could provide clues about the effects of Donald Trump’s trade policies. A month that started with the explosion of the US president’s “Liberation Day” tariffs on April 2…
Read MoreStocks to watch: CapitaLand Ascendas Reit, Sats, Frasers Centrepoint Trust, First Sponsor, Stoneweg Reit, UOI, LMIRT
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Apr 29): CapitaLand Ascendas Reit (Clar): The Reit reported a growth in portfolio rental reversions of 11 per cent in the first quarter of 2025, despite occupancy dipping, in a bourse filing on Monday. All geographies across Clar’s portfolio…
Read MorePirelli asserts independence from China’s Sinochem as it seeks US expansion
[MILAN] Italy’s Pirelli said on Monday (Apr 28) that the government’s “golden powers” in the company meant it was no longer controlled by China’s Sinochem , in a move that might make it easier for the tyre maker to expand in the United States. Pirelli’s Chinese and Italian shareholders have been at odds over the…
Read MoreAlibaba rolls out latest flagship AI model in post-DeepSeek race
[BEIJING] Alibaba Group Holding took the wraps off a new version of its flagship Qwen AI model, sustaining the breakneck pace of development that’s characterised China’s artificial intelligence (AI) sphere in the wake of DeepSeek. Alibaba on Tuesday (Apr 29) unveiled its Qwen3 series of models, which it said rivals DeepSeek’s performance on several fronts,…
Read MoreBrent crude oil prices drop on demand fears
[HOUSTON] Brent crude oil prices fell more than US$1 a barrel on Monday morning as economic worries from the US-China trade war were pressuring demand. Brent crude futures settled at US$65.86 a barrel, down US$1.01, or 1.51 per cent. US West Texas Intermediate crude finished at US$62.05 a barrel, down 97 cents or 1.545 per cent. Brent…
Read MoreEurope: Shares end higher ahead of week’s data, earnings
EUROPEAN shares extended gains on Monday, with most sub-indexes rising, as investors remained optimistic about US-China trade tensions easing ahead of the week’s earnings and economic data. The pan-European Stoxx 600 index ended 0.53 per cent higher at 523.19 points, its fifth winning session in a row – a feat last seen in January. Beijing on Friday…
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