Posts by Yurie Miyazawa
Meta warns first-quarter revenue will miss Wall St expectations
META Platforms fourth-quarter revenue beat Wall Street expectations on Wednesday (Jan 29) but the company predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how bets on pricey artificial intelligence (AI) powered tools are paying off. The Facebook and Instagram parent company expects first quarter revenue between US$39.5 billion…
Read MoreUS: Stocks retreat as Fed holds steady on interest rates
WALL Street stocks finished lower ahead of a deluge of earnings from tech heavyweights as markets digested a Federal Reserve decision to keep interest rates unmoved. The Fed, as expected, left its key lending rate unchanged, resisting pressure from President Donald Trump to continue with cuts in the first-rate decision since his return to the…
Read MoreUS markets: Stock buyers step in to boost tech after AI jolt
The world’s largest technology companies climbed after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and the Federal Reserve rate decision. Equities rebounded, with the S&P 500 up 1 per cent and the Nasdaq 100 rising 1.8 per cent. Nvidia Corp. rallied 7.8…
Read MoreSingapore’s reinsurance market gears for growth in bid to be Asian hub
Industry watchers cite several favourable factors, including country’s supportive regulatory environment, advantageous geographical location and stability THE reinsurance market in Singapore is poised for substantial growth in 2025, with the government seeking to strengthen the country’s standing as a leading reinsurance hub in Asia. Industry experts shared with The Business Times that their outlook for…
Read MoreLogan Group says creditors holding 66% debt have agreed to overhaul plan
DEFAULTED Chinese developer Logan Group said creditors holding over 66 per cent of the group’s US$6.2 billion offshore debt have signed an agreement in support of its restructuring plan, a key progress in its years-long overhaul talk. The Shenzhen-based homeseller said other creditors holding over 12 per cent of debt have indicated support, but required…
Read MoreURA should whet the appetite of developers with a prime CBD office site in Singapore
A POTENTIAL shortage may be on the horizon for Singapore’s Core Central Business District (CBD) Grade A office market. Following the completion of IOI Central Boulevard Towers (IOICBT) in 2024, with 1.26 million square feet net lettable area of offices, no new significant supply in this segment is slated for completion over the three years…
Read MoreWorld’s richest people lose US$108 billion after DeepSeek sell-off
The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a tech-led sell-off tied to Chinese artificial intelligence (AI) developer DeepSeek sent major indices plunging. Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall US$20.1 billion,…
Read MoreLatest Singapore six-month T-bill cut-off yield rises to 3.04%
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose to 3.04 per cent, based on auction results released by the Monetary Authority of Singapore on Tuesday (Jan 28). This was up from the 2.99 per cent offered in the previous six-month auction that closed on Jan 16. Demand for the latest tranche…
Read MoreWho is Liang Wenfeng: The geek behind DeepSeek?
The rise of Chinese artificial intelligence (AI) firm DeepSeek caused a meltdown in US tech stocks on Monday (Jan 27). Nvidia on Monday suffered a wipeout of nearly US$600 billion in its market value – the most for any stock ever on Wall Street. DeepSeek soared to the top of Apple Store’s download charts, as…
Read MoreSingapore’s data centre Reits fall on DeepSeek threat; analysts warn of fallout
Analysts warned that companies in the artificial intelligence (AI) ecosystem – including in Singapore – could be hit after the rise of Chinese AI firm DeepSeek caused a meltdown in US tech stocks. Nvidia on Monday (Jan 27) suffered a wipeout of nearly US$600 billion in its market value – the most for any stock…
Read More