Posts by Yurie Miyazawa
Intel names two chip industry veterans to its board amid CEO search
INTEL on Thursday (Dec 5) named two chip industry veterans to its board, as the struggling semiconductor firm looks for a new top boss following the recent ouster of Pat Gelsinger and tries to reclaim its lost glory. The chipmaker said Eric Meurice, former CEO of chipmaking equipment provider ASML, and Steve Sanghi, interim CEO…
Read MoreGuocoLand to redeem S$400 million perpetual securities
GUOCOLAND’S wholly owned subsidiary, GLL IHT, will redeem S$400 million subordinated perpetual securities. They will be redeemed at S$250,000 for every S$250,000 in nominal amount of the perpetual securities, together with distribution accrued to but excluding Jan 23, 2025, said GuocoLand on Friday (Dec 6). The perpetual securities were issued by GLL IHT with a…
Read MoreECB seeks to speed up approvals for significant risk transfers
THE European Central Bank (ECB) is seeking to accelerate its approval process for significant risk transfers (SRTs), according to sources familiar with the matter, helping lenders to take advantage of booming demand for the deals. Under new proposals, banks will be allowed to submit information for their SRT transactions to the ECB just two weeks…
Read MoreChevron slows Permian growth in latest hurdle to Trump oil plan
CHEVRON plans to slow production growth in the biggest US oil field next year in the most definitive sign yet that president-elect Donald Trump faces an uphill battle to ramp up American energy output. Chevron will reduce capital expenditures in the Permian Basin to between US$4.5 billion and US$5 billion in 2025, a drop of…
Read MoreGeopolitics: A critical agenda for the boardroom
THE recent US presidential elections have injected new uncertainty into the global geopolitical landscape, particularly in US relations with China, Europe and…
Read MoreProperty tycoon Gordon Tang and wife make conditional offer of S$1.16 each to acquire all units of Suntec Reit
PROPERTY tycoon Gordon Tang and his wife Celine have made a mandatory conditional cash offer to acquire all the units of Suntec Real Estate Investment Trust (Reit) at S$1.16 per unit in cash. The offer was made through their investment holding company Aelios. It was formed for the undertaking of the offer and acquisition of…
Read MoreBiggest Gambling Losses in History
Gambling can be thrilling, but it can also lead to huge losses. Throughout history, there have been many stories of people who lost a lot of money due to their gambling habits. This article looks at some of the biggest gambling losses ever, showing how even the wealthiest can fall hard when luck runs out.…
Read MoreOpec+ delays revival of its oil production by three months
OPEC+ delayed the revival of its oil production by three months, a delegate said, the third time it’s deferred the move while crude prices struggle amid a looming surplus. The group led by Saudi Arabia and Russia pushed back the series of supply increases, which had been due to begin with a hike of 180,000…
Read MoreAbu Dhabi’s Adnoc signs 15-year LNG supply deal with Malaysia’s Petronas
ABU Dhabi National Oil Co (Adnoc) agreed to sell liquefied natural gas to Malaysia’s Petronas for 15 years starting 2028, expanding the Middle East company’s efforts to become a major supplier of the fuel. The agreement for one million tonnes a year converts a preliminary deal to a definitive sales agreement, Adnoc said in a…
Read MoreS&P places Singapore Post on credit watch negative following strategy reset, sale of Australia business
GLOBAL ratings agency S&P said on Thursday (Dec 5) it has placed Singapore Post (SingPost) on CreditWatch negative, following a change in its future strategy and the sale of its Australian business. On Monday, the national postal service provider said it has entered a share purchase agreement to divest its Australian business at an enterprise…
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