Posts by Yurie Miyazawa
Tariff volatility set to benefit SGX; Macquarie upgrades shares, lifts target price
[SINGAPORE] As tariffs decimate the financials sector, the Singapore Exchange (SGX) is set to position itself as a defensive option with its suite of hedging products, said Macquarie analyst Jayden Vantarakis in a note. Macquarie Equity Research on Wednesday (Apr 9) raised its 12-month target price for SGX to S$13.70 from S$12.90, upgrading the company…
Read MoreSats JV to upgrade Marina Bay Cruise Centre
[SINGAPORE] Sats announced on Friday (Apr 11) that terminal operator Sats-Creuers Cruise Services (SCCS) will lead refurbishment works for Marina Bay Cruise Centre Singapore (MBCCS). The S$40 million upgrading works began in the first quarter of the year and will be carried out over nine months. SCCS is a 60:40 joint venture with European cruise…
Read MoreEU, China will look into setting minimum prices on electric vehicles, EU says
[BERLIN] The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles (EVs) instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday (Apr 10). German newspaper Handelsblatt reported earlier on Thursday that negotiations had begun. EU trade commissioner Maros Sefcovic spoke with…
Read MoreOil settles down over 3% as investors reassess Trump’s tariff flip
OIL prices settled more than US$2 per barrel lower on Thursday, wiping out the last session’s rally, as investors reassessed a planned pause in sweeping US tariffs and focus shifted to a deepening trade war between Washington and Beijing. US West Texas Intermediate crude futures fell US$2.28, or 3.7 per cent, to settle at US$60.07 per…
Read MoreChinese tea chain Chagee launches US IPO defying stock slump
[NEW YORK] Chagee Holdings, a Chinese bubble tea chain, is seeking to raise US$411 million in an initial public offering (IPO) in the US, despite spiking stock volatility from US President Donald Trump’s tariff measures. The Shanghai-based company is offering 14.68 million American depositary shares for US$26 to US$28 each, according to a filing on…
Read MorePrada agrees to buy Versace for US$1.38 billion despite tariffs
The purchase, the largest in Prada’s 112-year history, returns Versace to Italian ownership [PARIS] Prada agreed to buy Versace for US$1.38 billion in cash in a deal aimed at strengthening its position as Italy’s largest fashion group. The Milanese company, controlled by billionaire designer Miuccia Prada and her husband Patrizio Bertelli, expects the transaction to…
Read MoreRegulators should encourage SGX-listed companies to conduct hybrid AGMs: NUS study
[SINGAPORE] A new study by the Centre for Investor Protection at NUS Business School has urged regulators to promote hybrid annual general meetings (AGMs) for companies listed on the Singapore Exchange (SGX). This recommendation follows findings that AGMs are often clustered together during specific time periods. For example, 88 AGMs were held on a single…
Read MoreSingapore’s RV Capital is set to join the hedge fund influx into Dubai
The firm joins a growing number of Asian investment outfits that are looking to join their western peers in the United Arab Emirates [SINGAPORE] Singapore-based macro hedge fund RV Capital Management is set to open an office in Dubai, a move that will further bolster the Middle Eastern city’s credentials as a burgeoning hub for…
Read MoreSwings in US Treasuries trigger global bond market aftershocks
BONDS from Australia to Japan swung after a turbulent day for US Treasuries, as markets rapidly unwound bets on interest-rate cuts in the wake of American President Donald Trump’s surprise pause on tariffs. Policy-sensitive bonds in Australia and New Zealand plunged while longer-tenor debt rallied, echoing the flattening of the yield curve in the US.…
Read MoreTokyo: Nikkei stocks index closes 9.1% higher
[TOKYO] Tokyo’s benchmark Nikkei index ended more than nine per cent higher on Thursday (Apr 10) after US President Donald Trump’s stunning reversal on imposing sweeping reciprocal tariffs. The Nikkei 225 index of shares closed up 9.12 per cent, or 2,894.97 points, at 34,609.00 yen, while the broader Topix index gained 8.09 per cent, or…
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