Business
First Reit H2 DPU falls 10.3% to S$0.0104 on weaker rupiah and yen
Distributable income for the second half declines 9.3% to S$22 million, from S$24.3 million First Real Estate Investment Trust (Reit)’s…
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Yen
Business
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October Private equity firm CVC…
Business
Japan says in close coordination with US on forex as yen intervention risks mount
Top Japanese authorities said on Monday they have been in close coordination with the United States on foreign exchange, but declined to…
Business
Yen surges as intervention risks lurk
The yen firmed 0.5 per cent to 154.84 per dollar as of 0052 GMT, after sharp spikes on Friday sparked speculation over potential…
Business
Market on high alert for yen intervention after Takaichi warning
ERS will start the week on heightened alert of Japan government intervention to halt the yen’s recent slide – possibly with rare US…
Business
Japan PM vows to act against speculative market moves after yen spike
Speculation has mounted that Japanese authorities may be preparing to enter foreign-exchange markets in a bid to halt the yen’s slide NESE…
Business
BOJ seen holding rate as yen traders focus on intervention risk
The Bank of Japan is widely expected to keep its benchmark rate unchanged on Friday (Jan 23), offering little immediate support for the…
Business
BOJ to signal more rate hikes as yen, politics fuel inflation risks
The Bank of Japan is expected to raise its growth forecast on Friday (Jan 20) and signal its readiness to hike interest rates further, as…
Business
Bank of Japan keeps yen watchers on edge for rate-hike clues
Yen weakness and negative real rates risk fuelling inflation, leaving the BOJ behind the curve The upcoming Bank of Japan (BOJ) meeting…
Business
Japan’s Katayama says all options open on yen, including joint action with US
Japanese Finance Minister Satsuki Katayama said on Friday Tokyo would not rule out any options to counter excessive foreign exchange…
Business
Bank of Japan is said to heighten focus on price impact of weak yen
A fall in the local currency increases inflationary pressures via the higher cost of imports, while it boosts exporters’ profits Bank of…
Business
Japan’s Nikkei falls back from record as yen rallies, tech shares retreat
Japan’s Nikkei share average fell back from a record high on Thursday, as the yen’s rebound weighed on exporters and a red-hot rally in…
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Australian, New Zealand dollars seesaw on greenback, keep climbing on yen
The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies…
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Australian, New Zealand dollars seesaw on greenback, extend gains on yen
The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies…
Business
Japan finance minister says US Treasury’s Bessent shares concerns about weak yen
JAPAN’S Finance Minister Satsuki Katayama said she and US Treasury Secretary Scott Bessent shared concerns over what she called the yen’s…
Business
CEO of Salonpas maker seeks to take the 450 billion yen drug firm private
The Japanese government has been promoting cheaper generic medicines and pushing drugmakers to cut prices as its population ages Hisamitsu…
Business
Yen weaker in thin trading as traders stay alert to intervention risk
The Japanese yen softened against the greenback on Friday (Dec 26) as investors remained on watch for potential intervention to shore up…
Business
BOJ cuts monthly bond purchase amount by 400 billion yen
The Bank of Japan on Friday (Dec 26) announced a 400 billion yen (S$3.28 billion) reduction in its monthly bond purchases, continuing its…
Business
US stocks: Nasdaq rallies again while yen falls despite BOJ rate hike
RESURGENT artificial intelligence shares lifted the Nasdaq on Friday for a second straight session while the yen retreated despite a Bank…
Business
Japan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US…
Business
CDL sells 14 billion yen Osaka hotel to Blackstone-managed real estate funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts City Developments…
Business
CDL to sell Osaka hotel for 14 billion yen to Blackstone funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts City Developments…
Business
Bank of Japan drops fresh hints of near-term rate hike as yen slides
The remarks keep alive the possibility of a rate hike as soon as its next policy meeting on Dec 18 and 19 The Bank of Japan (BOJ) will…
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Singdollar stays above S$1 to 120 yen mark
The Singapore dollar stayed above the S$1-to-120 yen mark on Thursday (Nov 20), standing at 120.39 yen as at 6.35pm, after having peaked…