Posts by Yurie Miyazawa
AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 million) vaccine plant, a major blow to the Labour government’s plans to revive a sluggish economy. “Following protracted discussions with the government, we are no longer pursuing our planned investment” for Speke in Liverpool, north-west…
Read MoreTrademark Wars: The Real Cost of Protecting Your Brand
Ever wonder why those big brands are super protective of their logos and names? It’s all about trademark protection. This isn’t just some legal mumbo jumbo; it’s a big deal for businesses. Without it, anyone could just slap your brand name on their products, and you’d be left dealing with the mess. Think of it…
Read MoreUS: Wall Street ends lower as White House says Trump to implement tariffs
US stocks ended lower on Friday (Jan 31), with indices losing ground after the White House said US President Donald Trump will implement on Saturday tariffs of 25 per cent on Canadian and Mexican imports and 10 per cent on Chinese goods. Investors have been bracing for further tariff news after Trump has repeatedly warned…
Read MoreUS: Wall St opens higher on gains in Apple, in-line inflation reading
WALL Street’s main indexes opened higher on Friday (Jan 31) on gains in Apple following its strong sales forecast, with an in-line reading for the Federal Reserve’s favoured inflation gauge keeping expectations about its interest-rate path unaffected. The Dow Jones Industrial Average rose 172.2 points, or 0.38 per cent, at the open to 45054.36. …
Read MoreUPS breaks with Amazon to take ‘control of own destiny’
UNITED Parcel Service (UPS) suffered its biggest one-day share drop after shocking the market by slashing business with the world’s largest online retailer. The move to scale back business with Amazon.com by 50 per cent will allow the courier to focus on more profitable shipments. Carol Tomé, the company’s chief executive officer, defended the…
Read MoreHigher casino takings drive MBS’ revenue for Q4 2024
MARINA Bay Sands (MBS) posted a 7.2 per cent rise in net revenue to US$1.14 billion for the fourth quarter ended Dec 31, 2024 amid ongoing renovation and refurbishment efforts as it focuses on “high-value tourism” in Singapore. While all other segments recorded growth, the casino business – which is the largest contributor to revenue…
Read MoreCapitaLand Ascott Trust acquires two freehold hotels in Japan for 21b yen
CAPITALAND Ascott Trust (Clas) has acquired two freehold limited-service hotels in Japan – ibis Styles Tokyo Ginza and Chisun Budget Kanazawa Ekimae – for 21 billion yen (S$178.5 million). The acquisition is part of Clas’ portfolio reconstitution strategy to enhance the quality of its portfolio and deliver stable returns to its stapled securityholders, said Serena…
Read MoreSats acquires remaining 15% stake in Sats Food Solutions (Thailand)
The unit will serve as a centre of excellence for large-scale fresh frozen production in the group’s food solutions network CATERING and ground handling company Sats has acquired the remaining 15 per cent stake in Sats Food Solutions (Thailand) (SFST) from Bangkok Ranch for about S$3.4 million, giving the company total ownership of SFST. In…
Read MoreMusk-Trump bromance turns X debt from burden to asset for Morgan Stanley
JUST a few months ago, Morgan Stanley was stuck with billions of US dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout of social-media platform Twitter. It took one election and a billionaire bromance to flip the script. Helped by Musk’s singular relationship with President Donald Trump and the tech mogul’s newfound proximity…
Read MoreBOJ must maintain monetary support, says governor Ueda
BANK of Japan governor Kazuo Ueda said on Friday (Jan 31) the central bank must maintain loose monetary policy to ensure underlying inflation gradually accelerates towards its 2 per cent target. While consumer inflation has moved above the BOJ’s 2 per cent target recently, the increase was driven mostly by cost-push factors such as rising…
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