Posts by Yurie Miyazawa
SoftBank nears deal to acquire chip designer Ampere
SOFTBANK Group is in advanced talks to acquire Ampere Computing, sources familiar with the matter said. The Japanese company is discussing a deal that could value the Oracle-backed chip designer at about US$6.5 billion, including debt, according to the sources. A transaction may be announced in the coming weeks, they said. Bloomberg News reported…
Read MoreFord sees sharp profit drop as Trump tariff, EV threats loom
FORD Motor warned that profit may fall by US$2 billion or more this year on an expected drop in vehicle prices and costly new-model launches, adding to risks posed by potential steep new tariffs under US President Donald Trump and dimming electric vehicle (EV) prospects. The second-largest US automaker on Wednesday (Feb 5) said earnings…
Read MoreWhy Sabana Reit should hold off on asset sales for now
Such action would have been more appropriate when Sabana Reit tried to merge with ESR Reit in 2020, or when it first started the perilous ‘internalisation’ journey in 2023 MANY market watchers might have been surprised last month when a group of investors holding more than 10 per cent of Sabana Industrial Real Estate Investment…
Read MoreVanguard’s record fee cuts tighten screws on BlackRock, Invesco
VANGUARD Group’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice. Follow suit and lose potentially hundreds of millions in revenue – or hold the line and risk losing badly needed market share. The Valley Forge, Pennsylvania-based company unleashed its largest-ever fee reduction this…
Read MoreGoogle shares plummet after earnings disappoint
Just a few minutes after trading opened in New York, shares in Google-parent Alphabet were down 7.16% Shares in Google dropped by more than seven per cent on Wall Street on Wednesday (Feb 5), a day after its latest quarterly earnings showed stalled growth in cloud and massive spending. Just a few minutes after trading…
Read MoreUber’s fourth-quarter earnings miss overshadows bookings growth
UBER Technologies reported weaker-than-expected fourth-quarter earnings and operating income, overshadowing steady bookings growth. Adjusted earnings before interest, taxes, depreciation and amortisation were US$1.84 billion, just shy of the US$1.85 billion that Wall Street was projecting, Uber said in a statement on Wednesday (Feb 5). Income from operations for the fourth-quarter was US$770 million, well below…
Read MoreOver 500 investors start claims process against Switzerland for Credit Suisse AT1 write-down: Singapore law firm
They are claiming losses amounting to about US$250 million, making it the the largest claim against the European country in treaty arbitration to date MORE than 500 investors have started their claims process against Switzerland for its forced write-down of Credit Suisse’s Additional Tier 1 (AT1) bonds in March 2023, said Singapore law firm Drew…
Read MoreHuawei chairman says 2024 revenue exceeded 860 billion yuan
HUAWEI’S chairman said on Wednesday (Feb 5) that the tech company’s annual revenue exceeded 860 billion yuan (S$159.6 billion) last year, as it continued to shake off the impact of US sanctions and its consumer business returned to growth. Liang Hua made the remarks at a forum in Guangzhou, according to a report by the…
Read MoreCredit Agricole reports 27% Q4 profit jump, aided by Amundi and trading
CREDIT Agricole, France’s second-biggest listed bank, blew past quarterly earnings forecasts on Wednesday (Feb 5) with a 27 per cent jump in profit, driven by insurance and asset management even as gains in its investment banking business lagged rivals. The lender is the latest to benefit from soaring demand from clients wanting to trade in…
Read MoreSingapore investors buy 6.5 tonnes of gold bars, coins in 2024: World Gold Council
SINGAPORE investors did not shy away from physical gold despite its soaring prices in 2024, leading the demand growth in Asean region with 6.5 tonnes of gold bars and coins purchased. This is up 22 per cent from 5.3 tonnes in 2023, according to World Gold Council’s (WGC) gold demand report released on Wednesday (Feb…
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