Posts by Stephanie Irvin
BOJ weighs case for first triple hike since Japan’s bubble burst
BANK of Japan (BOJ) governor Kazuo Ueda has plenty of data to support the case for raising the benchmark rate in December, an outcome that would mark the first tightening of policy three times in a calendar year since the peak of Japan’s asset bubble in 1989. The governor appears determined to weigh his options…
Read MoreSingapore stocks open higher on Tuesday; STI jumps 0.9%
SINGAPORE shares rose at Tuesday’s (Dec 3) open, after a positive lead from Wall Street spurred gains in the broader Asian region. The benchmark Straits Times Index (STI) advanced 32.92 points, or 0.9 per cent, to 3,784.27 as at 9.01 am in Singapore. Across the broader market, gainers outnumbered losers 116 to 34, as 63.2…
Read MoreSTI jumps more than 1% on improved factory activity; bank shares advance
SINGAPORE shares were up more than 1 per cent on Tuesday (Dec 3) afternoon, as China’s central bank reiterated plans to boost the economy to promote growth in 2025. The benchmark Straits Times Index (STI) advanced 42.11 points, or 1.1 per cent, to 3,793.46 as at 1.23 pm in Singapore. Across the broader market, gainers…
Read MoreSembcorp unit inks second power purchase agreement with Equinix
It will supply the US data-centre firm a maximum capacity of 58.5 MWp from its renewable energy portfolio SEMBCORP Industries’ wholly owned subsidiary, Sembcorp Power, has signed a second long-term power purchase agreement with Equinix, a US-based data-centre firm. Under the agreement, Sembcorp Power will supply Equinix a maximum capacity of 58.5 megawatt-peak (MWp) from…
Read MoreNissan is awash in outdated models as car buyers look elsewhere
WAITING times for Nissan Motor cars in Japan have shrunk far below those of other local brands, the latest sign of weak customer demand threatening to worsen the carmaker’s slumping profits. While the country’s other major carmakers take half a year or longer to ship a new vehicle in Japan, many of Nissan’s most popular…
Read MoreAmazon debuts tools to make data centres less power hungry
AMAZON.COM’s cloud unit is rolling out components it says will make data centres run more efficiently, a move that could help address the growing strain power-hungry server farms are putting on the electrical grid. Amazon Web Services’s (AWS) latest data centre designs include more efficient cooling, renewable diesel for backup generators and an optimised server…
Read MoreIntel CEO Gelsinger leaves as chipmaker’s turnaround flounders
INTEL chief executive officer Pat Gelsinger, who was hired in 2021 to lead an ambitious turnaround of the iconic chipmaker, will leave the job after the comeback sputtered and the company only fell further behind rivals. Intel chief financial officer David Zinsner and Michelle Johnston Holthaus, who is taking on a new role as CEO…
Read MoreNissan stock performs worst in five decades under current CEO
MAKOTO Uchida’s five-year anniversary as president and chief executive officer of Nissan Motor is little cause for celebration among shareholders. The carmaker’s stock has performed worse during his time at the helm than under any other leader in at least five decades, data compiled by Bloomberg show. Shares have also lagged those of the company’s…
Read MoreHow Much Do NFL Players Make in Playoffs?
In the world of the NFL, playoff games are not just about glory and championships; they also come with financial rewards. Many fans wonder, ‘do NFL players get paid for playoff games?’ This article explores how playoff pay works, the factors that influence earnings, and the overall impact on players’ finances. Key Takeaways NFL players…
Read MoreNomura CEO to seek 28 billion yen in extra cost reductions
NOMURA Holdings will seek 28 billion yen (S$250 million) in additional cost reductions, as chief executive officer Kentaro Okuda persists with his overhaul to boost profit. The Tokyo-based firm plans to rebuild its IT architecture, promote digitalisation and automation as well as review office locations as part of the belt-tightening, according to presentation material released…
Read More