Posts by Yurie Miyazawa
Dollar back under pressure, safe havens outperform
[LONDON] The dollar resumed its descent on Wednesday (Apr16), dropping across the board and losing the most ground to the Swiss franc and the euro as a new bout of tariff-induced nerves gripped markets. The dollar has been a casualty of shaken confidence in the United States as radical tariffs have been threatened, enforced and…
Read MoreGreenback under pressure; safe havens outperform
THE US dollar resumed its descent on Wednesday (Apr 16), dropping across the board and losing the most ground to the Swiss franc and the euro as a new bout of tariff-induced nerves gripped markets. The greenback has been a casualty of shaken confidence in the United States as radical tariffs have been threatened, enforced…
Read MoreSTI gains ground on Wednesday, bucking regional indices
[SINGAPORE] The Straits Times Index (STI) continued to gain ground, bucking regional indices on Wednesday (Apr 16). The STI closed up 1 per cent or 37.73 points at 3,662.45. Across the broader market, decliners outnumbered advancers 277 to 268 after 1.3 billion shares worth S$1.5 billion changed hands. The trio of local banks continue to…
Read MoreCandy maker YLF scraps plan to list on SGX
It would have been the second company to launch an IPO on the local bourse this year [SINGAPORE] Candy maker YLF Group Marketing has withdrawn its plans to list on the Catalist board of the Singapore Exchange (SGX). This comes less than three weeks after the group on Mar 27 lodged its preliminary offer document…
Read MorePwC exits more than a dozen countries to avoid scandals: FT
Published Wed, Apr 16, 2025 · 02:13 PM [BENGALURU] PwC has shut down operations in more than a dozen countries that are deemed too small, risky or unprofitable, as the Big Four accounting firm aims to prevent repeats of scandals that have affected it, the Financial Times (FT) reported on Wednesday (Apr 16). The decision…
Read MoreLatest Singapore 1-year T-bill cut-off yield falls to 2.29%
The auction receives a total of S$11.2 billion in applications for the S$5.3 billion on offer [SINGAPORE] The Republic’s latest one-year tranche of Treasury bills (T-bills) is offering a cut-off yield of 2.29 per cent, according to auction results released by the Monetary Authority of Singapore on Wednesday (Apr 16). This is down 0.66 percentage…
Read MoreTrump orders tariff probe on all US critical mineral imports
[WASHINGTON] US President Donald Trump on Tuesday (Apr 16) ordered a probe into potential new tariffs on all US critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to pressure industry leader China. The order lays bare what manufacturers, industry consultants, academics and others have long warned Washington…
Read MoreAsia: Stocks struggle again as Nvidia chip curb warning pops calm
[HONG KONG] Asian stocks swung on Wednesday (Apr 16) after Nvidia’s announcement of new US licensing rules on shipments of its new chip to China rattled investor confidence already shot by Donald Trump’s sweeping trade war. After a relatively peaceful couple of days following last week’s tariff-fuelled ructions, investors were once again on the defensive…
Read MoreCNMC Goldmine shares spike 7% as gold hits record high
[SINGAPORE] Shares of CNMC Goldmine spiked more than 7 per cent on Wednesday (Apr 16) morning, as spot gold climbed to a record high. As at 9.45 am, the counter was trading at S$0.455, up S$0.03 or 7.1 per cent, with about 3.9 million shares changing hands. On Wednesday, spot gold prices touched a record…
Read MoreOiltek bags RM61.9 million in new contracts across South-east Asia and other global markets
This brings the group’s current order book to RM402.4 million, which is expected to be fulfilled over the next 18 to 24 months [SINGAPORE] Vegetable and edible oil processing company Oiltek International announced on Wednesday (Apr 16) that it has won new contracts worth RM61.9 million (S$18.5 million) in Thailand, Malaysia, Indonesia, Africa and the…
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