Posts by Yurie Miyazawa
BOJ raises interest rates to 30-year high, signals more hikes
It offers a slightly more upbeat view on the economy than at its previous meeting in October [TOKYO] The Bank of Japan (BOJ) raised interest rates on Friday (Dec 19) to levels unseen in three decades and signalled its readiness for further hikes, taking another landmark step in ending decades of huge monetary support and…
Read MoreTrump praises Fed Governor Waller as ‘great’ after interview for Fed Chair
[WASHINGTON] US President Donald Trump said on Thursday he interviewed Federal Reserve Governor Christopher Waller a day earlier as a candidate to succeed Jerome Powell as Fed chair, praising him as “great.” Trump said three or four finalists remain in contention for the post. Trump was also asked for his thoughts on Federal Reserve Governor Michelle Bowman,…
Read MoreBNY deepens AI, digital asset embrace as it enters next phase: CEO Robin Vince tells BT
The New York-based bank has invested heavily in AI and culture transformation and is ready for its next stage, says Vince in an exclusive interview [SINGAPORE] Three years into its 10-year transformation plan, BNY is entering its next phase of change. It will deepen artificial intelligence (AI) integration into operations and a pick-up in speed…
Read MoreUBS plans January job cuts to kick off final year of integration
[ZURICH] UBS Group is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter. That step will be followed by another round later in 2026 as UBS intends to switch off computer systems it acquired when it took over its former competitor in 2023, the people said,…
Read MoreTrump Media, fusion power firm TAE Technologies combine in US$6 billion deal
Under the deal, shareholders of both companies will own about 50% of the combined entity [NEW YORK] US President Donald Trump’s social media firm is entering the fusion-power business through a US$6 billion merger with privately held TAE Technologies, betting on the 7experimental technology as AI datacentres drive a surge in energy demand. The all-stock…
Read MoreElliott woos other Toyota Industries investors in buyout fight
[TOKYO] Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to build support for its campaign and push Toyota group to sweeten its 4.7 trillion yen (S$38.9 billion) bid to take a key affiliate private, according to people familiar with the matter. Billionaire Paul Singer’s activist fund, which has quickly…
Read MoreKGI starts Ever Glory at ‘outperform’ with S$1.20 target amid high construction demand in Singapore
Its asset-light model and careful working-capital management enable disciplined expansion, says analyst [SINGAPORE] KGI Securities has initiated coverage on Ever Glory United with an “outperform” rating and a target price of S$1.20, on the back of strong order book visibility and exposure to Singapore’s infrastructure supercycle. Its development into a more “integrated platform” was observed…
Read MoreAcrophyte Hospitality Trust unit to divest Hyatt Place Primacy Parkway hotel for US$7.8 million
[SINGAPORE] ARA USH Chicago, an indirect wholly owned subsidiary of Acrophyte Hospitality Management Trust (AHT), is selling a hotel in the United States for US$7.8 million. Located in Memphis, Tennessee, the Hyatt Place Primacy Parkway hotel has 126 rooms and is 11.3 miles (18.2 km) south-east of the Memphis central business district, the managers of…
Read MoreWarburg Pincus is said to near acquisition of Asian firm Acclime
The transaction may value the corporate services firm at US$950 million to US$1 billion [HONG KONG] Warburg Pincus is nearing a deal to acquire Asia-focused corporate services firm Acclime, sources said. Warburg Pincus is the likeliest buyer after beating rival private equity firms, they said, asking not to be identified because the information is private.…
Read MoreGold ticks higher as US unemployment climbs in November
[BENGALURU] Gold climbed on Wednesday (Dec 17) after a US jobs report showed the unemployment rate rose in November, buoying bets of further US interest rate cuts next year while pressuring the US dollar and yields. Spot gold gained 0.4 per cent to US$4,318.37 per ounce, as at 9.17 am. US gold futures gained 0.3…
Read More