Posts by Stephanie Irvin
Bank of America to lead US$1.83 billion leveraged loan for Carrier unit deal
BANK of America has committed to financing a US$1.83 billion leveraged loan for Lone Star Funds’ purchase of Carrier Global’s commercial and residential fire unit, according to sources familiar with the matter who asked not to be identified as the information is private. The proposed buyout, announced two weeks ago and expected to close by…
Read MorePilot shortage threatens Japan’s goal of 60 million tourists
AS RECORD tourists flock to Japan for its world-renowned hospitality, exceptional sushi and ancient shrines, the country’s airlines are facing a severe shortage of pilots. And finding them will not be easy. Japan currently has about 7,100 pilots and the government projects another 1,000 will be needed by 2030 to help meet its target of…
Read MorePilot shortage threatens Japan’s goal for 60 million tourists
AS RECORD tourists flock to Japan for its world-renowned hospitality, exceptional sushi and ancient shrines, the country’s airlines are facing a severe shortage of pilots. And finding them will not be easy. Japan currently has about 7,100 pilots and the government projects another 1,000 will be needed by 2030 to help meet its target of…
Read MoreNomura is hiring wealth managers after years of staff overhaul
NOMURA Holdings’s wealth management business is on a growth path after a multi-year overhaul that saw its thousands of retail bankers shift away from catering to the masses of Japanese investors towards the well-to-do. The division that generates a quarter of revenue at Japan’s biggest brokerage is past an era of reducing staff and is…
Read MoreNvidia results could spur record US$300 billion swing in shares, options show
TRADERS in the US equity options market are expecting Nvidia’s upcoming earnings report to spark a more than US$300 billion swing in the shares of the world’s most dominant artificial intelligence (AI) chipmaker. Options pricing shows that traders anticipate a move of around 9.8 per cent in the company’s shares on Thursday (Aug 29), a…
Read MoreFerrari set to extend record-breaking gains, Morgan Stanley says
FERRARI’s outperformance of rival carmakers and luxury-goods brands this year is a reward for its “fierce brand loyalty” and low exposure to China, according to Morgan Stanley analysts, who see the shares extending their record-setting gains. The Italian firm “stands out among luxury peers”, Morgan Stanley analyst Adam Jonas said on Tuesday (Aug 27). “No…
Read MoreOil prices fall 2% on economic worries, technical decline
OIL prices fell about 2 per cent on Tuesday on worries that slower economic growth in the US and China could reduce demand for energy, especially after prices surged over 7 per cent during the prior three days. Brent futures fell US$1.88, or 2.3 per cent, to settle at US$79.55 a barrel, while US West…
Read MoreChina’s July net gold imports via HK rise for first time since March
CHINA’S net gold imports via Hong Kong in July rose by about 17 per cent from the previous month, the first increase since March, data showed on Tuesday (Aug 27). China imported a net 25.659 tonnes in July, up from 21.919 tonnes in June, the Hong Kong Census and Statistics Department data showed. Total gold…
Read MoreSingapore shares add to gains on Tuesday; STI ticks up 0.1%
Gainers beat losers 264 to 249 across broader market, as 1 billion shares worth S$1 billion change hands SINGAPORE shares rose on Tuesday (Aug 27), as investors took stock of geopolitical movements. The Singapore Exchange’s benchmark Straits Times Index (STI) rose 0.1 per cent or 2.44 points to 3,398.47. On the local bourse, advancers outnumbered…
Read MoreToyota and BMW to upgrade fuel cell alliance, Nikkei Asia says
TOYOTA Motor and BMW are set to upgrade their partnership in fuel cell vehicles, Nikkei Asia reported on Tuesday (Aug 27). The two automakers will sign a memorandum of understanding on the partnership next week, with an official announcement set for Sep 5, Nikkei Asia reported. A Toyota spokesperson said Nikkei’s report is not based…
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