Posts by Yurie Miyazawa
China’s central bank maintains gold buying momentum in January
CHINA’S central bank added gold to its reserves in January for a third month, official data by the People’s Bank of China (PBOC) showed on Friday (Feb 7). China’s gold reserves were 73.45 million fine troy ounces at the end of January, versus 73.29 million troy ounces a month earlier. The value of China’s gold…
Read MoreXiaomi hits fresh record high on China’s subsidy programme boost
XIAOMI’S shares surged to a fresh record in Hong Kong on Friday (Feb 7), as new product launches and benefits from China’s nationwide subsidy programme burnished the company’s sales outlook. The stock has rallied 12 per cent this week, after the company said it will release two new products – a high-end SU7 Ultra…
Read MoreECB could face biggest personnel shakeup since 2019 this year
THE European Central Bank (ECB) is set to enter a new phase of unpredictability as the terms of seven of its 26 interest rate-setters end by December, marking its biggest personnel shakeup since 2019. They include the panel’s longest-serving member, Klaas Knot of the Netherlands, along with several former finance ministers who were veterans of…
Read MoreBYD shares soar 20% this week as traders await autopilot update
BYD’s shares are on track to record their best week since late 2020, as investor enthusiasm builds ahead of the Chinese electric vehicle (EV) maker’s keenly awaited update on its smart driving technology. The company’s Hong Kong-listed stock has gained more than 20 per cent over five sessions, boosted by expectations that it will showcase…
Read MoreBYD shares soar 21% this week as traders await autopilot update
BYD’S shares recorded their best week since late 2020, as investor enthusiasm built ahead of the Chinese electric-vehicle maker’s keenly awaited update on its smart-driving technology. The company’s Hong Kong-listed stock gained 21 per cent over five sessions, boosted by expectations that it will showcase progress on its autopilot system and introduce more intelligence features…
Read MorePeter Kwee has been in the legal limelight this week. Who is he?
MOTORING tycoon Peter Kwee has been making the headlines this week. Here are four things to know about him: He made his money from car distributorships He hit the big-time when he became a distributor of Renault and Volkswagen vehicles through his company Group Exklusiv in the early 2000s. Peter Kwee distributed Renault and Volkswagen…
Read MoreOracle adds AI pricing features to financial software
ORACLE on Thursday (Feb 6) added another set of artificial intelligence (AI) tools to NetSuite, one of its corporate finance software offerings, including some that might make it faster for consumers to get a price quote on purchases such as custom bicycles. Oracle has taken a different tack with AI than rivals such as Microsoft.…
Read MoreSalesforce, Workday are hiring more overseas to save cash
SOFTWARE companies are under pressure to invest in new artificial intelligence (AI) capabilities without denting profits. One increasingly popular strategy to keep costs low is to shift hiring outside the US. Salesforce and Workday are simultaneously cutting jobs and highlighting the cost savings from adding workers internationally. “Do we need to hire everybody in San…
Read MoreTrump wants a sovereign wealth fund for the US. What are they?
SOVEREIGN wealth funds are some of the most powerful – and secretive – investors in the world, with more than US$13 trillion estimated to be in their accounts. Run by government entities in a wide variety of countries, they are known to write the biggest checks in finance and have occasionally been the source of…
Read MoreStocks to watch: Singtel, ST Engineering, Clar, F&N, BRC Asia, Fu Yu, MM2 Asia, Japan Foods
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 7).
Read More