Posts by Yurie Miyazawa
St James’s Place to cut around 500 jobs, source says
The cuts represent nearly a sixth of the company’s workforce of around 3,200 people British wealth manager St James’s Place is planning to make around 500 layoffs in the coming months, a source familiar with the matter told Reuters, as intensifying competitive pressures lead the wider industry to trim costs. The cuts represent nearly a…
Read MoreNew US solar tariffs on South-east Asia to raise prices, cut profit margins
A NEW round of US solar panel import tariffs on South-east Asian producers is expected to raise consumer prices and cut into producer profit margins, but was largely anticipated by industry, analysts said. The new duties announced on Nov 29 by the Commerce Department extend the US’ anti-dumping regime in South-east Asia to solar cells,…
Read MoreYangzijiang Shipbuilding bags US$2.63 billion in contracts
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to date MARITIME vessel maker Yangzijiang Shipbuilding said on Monday (Dec 2) that it has secured another US$2.6 billion in shipbuilding contracts, taking its order wins to US$14.3 billion in the year to date. The latest contracts are for 21 vessels: six units…
Read MoreYangzijiang Shipbuilding bags US$2.6 billion in contracts
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to date MARITIME vessel maker Yangzijiang Shipbuilding said on Monday (Dec 2) that it has secured another US$2.6 billion in shipbuilding contracts, taking its order wins to US$14.3 billion in the year to date. The latest contracts are for 21 vessels: six units…
Read MoreSembcorp stays on transformation course, but big bet on renewable energy comes with risks
The threat of US tariffs, for example, could dampen global trade and electricity demand, and weaken the drive to invest in fossil fuels HARDLY a month goes by without Sembcorp Industries announcing a renewable-energy contract or strategic deal, the latest being a 300 megawatt (MW) wind-solar hybrid project in India that it will build, own…
Read MoreAustralia’s central bank says risks from non-bank lenders limited
AUSTRALIA’S central bank said on Monday (Dec 2) that risks from non-bank lenders in securitisation are limited as the labour market remained resilient, supporting households and businesses, and the size of the sector remains small overall. In a speech in Sydney on Monday, David Jacobs, head of domestic markets department at the Reserve Bank of…
Read MoreJPMorgan fined S$2.4 million by MAS for misconduct by relationship managers
JPMORGAN Chase Bank has paid a S$2.4 million civil penalty to the Monetary Authority of Singapore (MAS) for its failure to prevent and detect misconduct by its relationship managers (RMs). On Monday (Dec 2), MAS said the RMs had provided clients with “inaccurate or incomplete disclosures” which resulted in these clients being charged spreads above…
Read More15 Oldest Coins Still in Circulation
Coins have been used for thousands of years, serving as a way to trade and store value. Some coins have stood the test of time and are still in use today. This article explores the fifteen oldest coins that remain in circulation, highlighting their history and significance. If you’ve ever wondered what is the oldest…
Read MoreVW union to start walkouts on Monday over cost-cutting plans
VOLKSWAGEN (VW) workers across Germany plan to stage walkouts starting on Monday (Dec 2) after labour leaders and management failed to reach an agreement over how to slash costs at the carmaker’s namesake brand. “If necessary, this will be the toughest collective bargaining battle Volkswagen has ever seen,” said Thorsten Groeger, the IG Metall union’s…
Read MoreESR-Logos Reit to be renamed ESR Reit
ESR-LOGOS Real Estate Investment Trust (ESR-Logos Reit) will be renamed ESR Reit from Dec 4 onwards. The registered name of the manager will also be changed from ESR-Logos Funds Management to ESR-Reit Management with effect from Dec 4. “E-Log is sponsored by ESR Group and the manager is part of ESR Group. The name change…
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