Posts by Yurie Miyazawa
Trump woos Wall Street with corporate tax cuts at NYSE visit
DONALD Trump rang the New York Stock Exchange’s opening bell on Thursday (Dec 12), a celebratory moment for the president-elect who was returned to the White House in an election in which the US economy took centre stage. Trump used the occasion to make a fresh round of pledges to cut taxes, a key priority…
Read MoreAuditor-flagged Singapore Institute of Advanced Medicine sets up strategic review committee
CATALIST-LISTED Singapore Institute of Advanced Medicine (SAM) has set up a strategic review committee that will look into improving its performance, the healthcare provider said in a bourse filing on Thursday (Dec 12). The committee, set up with immediate effect, is made up of five non-executive directors from the company and will include external professionals…
Read MoreTemasek firm’s deal values Malaysia 5G winner at RM7.5 billion: sources
A TEMASEK Holdings firm’s stake sale agreement values U Mobile at about RM7.5 billion (S$2.3 billion), according to people familiar with the matter, after the Malaysian phone company won a major 5G contract. Straits Mobile Investments, a subsidiary of Singapore Technologies Telemedia, which is wholly owned by Singapore state investor Temasek, is cutting its holdings…
Read MoreSephora Rouge Benefits: Complete Guide
So, you’ve heard about Sephora Rouge and you’re curious about what it offers? Well, if you’re a beauty enthusiast who loves to shop at Sephora, this membership might be just the thing for you. Sephora Rouge is the top tier of the Beauty Insider program, and it comes with some pretty sweet perks. From free…
Read MoreBlackstone to buy Tokyo complex from Seibu for 400 billion yen
BLACKSTONE Inc is buying a mixed-use complex in Tokyo from Seibu Holdings in the largest real-estate acquisition by a foreign fund in Japan. The world’s largest alternative asset manager will purchase Tokyo Garden Terrace Kioicho for about 400 billion yen (S$3.5 billion), said a statement on Thursday (Dec 12). Bloomberg earlier reported that Blackstone was…
Read MoreSouth Korea to safeguard competition after Korean Air, Asiana merger
SOUTH Korea will support smaller airlines and monitor market competitiveness after dominant carrier Korean Air completed a 1.8 trillion won (S$1.7 billion) acquisition of Asiana Airlines on Thursday (Dec 12) to create one of Asia’s biggest carriers. Korean Air acquired a 63.88 per cent stake in the country’s second-largest airline, making it a subsidiary three…
Read MoreNordic Group bags S$22.9 million worth of contracts
The bulk of it comes from contracts secured by its system integration division and its cleanroom, air and water engineering solutions division PRECISION engineering and systems integration solutions provider Nordic Group on Thursday (Dec 12) announced that it clinched several contracts with a total value of around S$22.9 million. The contracts are with new and repeat…
Read MoreESR inks largest syndicated sustainability-linked loan for US$2.5 billion
HONG Kong-listed real asset manager ESR Group has secured a five-year syndicated sustainability-linked term loan and revolving credit facilities (SLL) amounting to US$2.5 billion. The move brings such loans taken out by the group to 11 for close to US$7 billion in total. On Thursday (Dec 12), ESR said the US$2.5 billion SLL represents its…
Read MoreBitcoin lifted above US$100,000 on firming expectations of Fed cut
BITCOIN renewed a climb past US$100,000 after the latest US inflation data bolstered bets on another Federal Reserve interest-rate cut. The digital asset rose nearly 5 per cent on Wednesday (Dec 11) in the US, the most in two weeks, before paring some of the gain to change hands at US$100,665 as at 8.52 am…
Read MoreGold rises for fifth day as US data lifts Fed rate-cut bets
GOLD nudged higher for a fifth straight session on Thursday (Dec 12) to hover near a more than two-week peak, supported by increased expectations of an interest rate cut from the Federal Reserve next week after US inflation data came in line with forecast. Spot gold was up about 0.1 per cent at US$2,719.79 per…
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