Posts by Yurie Miyazawa
White House weighs executive action to cap credit card rates
THE White House is weighing an executive action to enact President Donald Trump’s call for a cap on credit card interest rates, in addition to other measures seeking to ease US affordability challenges. The plan, which is still being crafted as administration officials discuss the terms with industry and Congress, is designed to lower interest rates on credit cards…
Read MoreStamford Land unit is being sued over alleged defects in Sydney project
The claims involve alleged deficiencies in the design and construction of Macquarie Park Village [SINGAPORE] Stamford Land on Friday (Jan 16) announced that its wholly owned subsidiary HSH Hotels (Australia) is facing legal action by the owners corporations of Macquarie Park Village over alleged construction defects. The Macquarie Park Village project is a large-scale residential…
Read MoreS&P 500, Nasdaq open higher as chip stocks extend rally
[NEW YORK] The S&P 500 and the Nasdaq opened stronger on Friday (Jan 16) as chipmakers returned to the driver’s seat in a volatile week that also marked the start of the fourth-quarter earnings season. The Dow Jones Industrial Average rose 24.3 points, or 0.05 per cent, at the open to 49466.7. The S&P 500…
Read MoreForeigners sell Asian equities in December on worries over valuations
They have sold local stocks worth US$1.2 billion in India, Taiwan, South Korea, Thailand, Indonesia, Vietnam and the Philippines [BENGALURU] Foreign investors net sold Asian equities in December, on lingering concerns about elevated valuations in technology stocks along with some year-end profit-taking, though the relatively modest outflows compared to November suggested some recovery in sentiment.…
Read MoreSingapore stocks rise amid mixed Asian performance; STI up 0.3%
Across the broader market, advancers beat decliners 307 to 261 after 1.4 billion shares worth S$1.5 billion change hands [SINGAPORE] The Straits Times Index (STI) rose 0.3 per cent or 15.76 points to close at 4,849.10 on Friday (Jan 16), bringing the benchmark index up a total of 2.1 per cent for the week. Across…
Read MoreChina clamps down on high-speed traders, removing servers
The move shows that officials are focused on levelling the playing field for investors and ensuring market stability [SHANGHAI] China is pulling the plug on a key advantage held by high-frequency traders, removing servers dedicated to those firms out of local exchanges’ data centres, according to people familiar with the matter. Commodities futures exchanges in…
Read MoreAustralian dollar holds ground as US dollar firms, eyeing small weekly gains
THE Australian dollar held its ground on Friday, lifted by a rebound in global stocks and unfazed by a firmer US dollar on the back of growing expectations that interest rates there will be on hold for longer. The Aussie hovered at US$0.67, having eked out a small gain of 0.2 per cent overnight to…
Read MoreWall Street opens higher as chip stocks shine
[NEW YORK] Wall Street’s main indexes rose at market open on Thursday (Jan 15) after TSMC’s blockbuster quarterly results ignited a rally in chipmakers, while investors parsed earnings from Morgan Stanley and Goldman Sachs that capped big banks’ reporting season. The Dow Jones Industrial Average rose 51.5 points, or 0.10 per cent, at the open…
Read MoreLum Chang expects significantly improved H1 FY2026 net profit on interior fit-out business strength
Group is set to release its financial results for the first half-year on or about Feb 12 [SINGAPORE] Lum Chang Holdings (LCH) announced in a Thursday (Jan 15) profit guidance that it expects a “significant improvement” in net profit for the first half of FY2026 ended Dec 31, 2025, compared with the year-ago period. This…
Read MoreVolvo identifies battery fire risk in EX30 Ultra EVs; owners told to limit charging to 70%
[SINGAPORE] Some 143 owners of the Volvo EX30 Ultra electric car in Singapore are being advised not to charge their vehicles beyond 70 per cent due to a fire risk linked to a battery defect. This is an interim solution while Volvo develops a permanent fix. The Swedish carmaker said it will notify affected owners once a…
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