Posts by Yurie Miyazawa
Morgan Stanley sets US$3 billion X loan to tap into Musk mania
MORGAN Stanley kicked off another large sale of X debt on Monday (Feb 10), seizing on investors’ sudden embrace of the social media platform owned by billionaire Elon Musk due to his close ties to the White House. The bank is pitching investors on nearly US$3 billion worth of loans, less than a week after…
Read MoreKeppel’s new South Central tower in Tg Pagar snares Manulife as anchor tenant
The 33-storey property has about 650,000 sq ft of space and features smart building management systems and renewable energy use THE construction of asset manager Keppel’s new commercial property has been completed, with a financial services company secured as its anchor tenant, said the company in a press release on Monday (Feb 10). The Business…
Read MoreNokia hires Intel’s AI executive as CEO in push for turnaround
NOKIA said it was replacing chief executive officer Pekka Lundmark with Intel’s Justin Hotard in a surprise announcement as the network equipment maker works to exit a prolonged slump in orders from phone operators. Lundmark, 61, will step down Mar 31 after more than four years in the role, and Hotard will take over the…
Read MoreDongfeng jumps on bets consolidation will sweep China car market
DONGFENG Motor Group surged almost 90 per cent in Hong Kong after the Chinese automaker said its parent company plans to restructure, a move investors speculated could kick start a wave of consolidation in the nation’s ultra-competitive car market. Dongfeng Motor is planning a restructuring with other central state-owned enterprise groups that may lead to…
Read MoreDeepSeek sparks hope for renaissance in China’s tech megacaps
THE rise of Chinese artificial intelligence (AI) startup DeepSeek is forcing investors to re-evaluate the nation’s leading Internet companies and their potential to capitalise on AI that’s boosted global peers. Market watchers are increasingly touting how the AI model will be a game changer for Chinese tech companies and their stocks, which have remained under…
Read MoreHonda, Nissan results will highlight flaws as deal set to fail
THE likely fallout of Honda Motor’s short-lived alliance with Nissan Motor spells trouble for both companies, but probably one more than the other. Nissan, which has struggled for years with revolving-door leadership and an outdated product lineup, may have doomed itself if it ultimately rejects Honda’s attempted takeover. And while Honda may have dodged a…
Read MoreDBS crosses S$46 for first time on strong results, capital return dividend plan
SHARES of DBS rose to a historic level after it announced an additional dividend payout for FY2025 on top of its regular dividends, alongside yet another record full-year net profit. The counter climbed as much as 4.1 per cent or S$1.82 to reach an intraday and all-time high of S$46.50 shortly after market opened on…
Read MoreSingapore shares rise, with DBS driving gains; STI up 0.4%
SINGAPORE stocks closed higher on Monday (Feb 10) as investors cheered another round of record-breaking earnings reported by DBS, the largest local bank. The Straits Times Index (STI) was up 0.4 per cent or 13.71 points at 3,875.13. Across the broader market, gainers outnumbered losers 293 to 269 after 1.3 billion securities worth S$1.4 billion…
Read MoreStocks to watch: DBS, Suntec Reit, Frasers Property, Hutchison Port, Zheneng Jinjiang, Creative Tech
THE following companies saw new developments that may affect trading of their securities on Monday (Feb 10). DBS: The lender posted net profit for the fourth quarter that was 11 per cent higher compared to the year-ago period at S$2.52 billion, but it fell slightly short of expectations. That brought the bank’s full-year net…
Read MorePimco seeks to grow 60/40 fund to US$2 billion on Asia expansion
Pimco has been expanding its distribution in Asia, as it lures more investors seeking to tap investment strategies of global funds PACIFIC Investment Management Company (Pimco) is seeking to grow assets in a multi-asset mutual fund by 25 per cent to US$2 billion this year, betting that a 60/40 equity-debt split will attract more investors…
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