Posts by Yurie Miyazawa
Indonesia’s biggest taxi firm bets BYD plant to cut EV prices
Blue Bird aims for electric vehicles to account for 3% of its fleet by next year and to gradually increase the number to 20% by 2030 INDONESIA’S largest taxi operator expects an upcoming BYD plant will bring electric vehicle prices down as it seeks to expand its fleet. Blue Bird aims for electric vehicles to…
Read MoreLeaked BYD letter signals China EV price war is set to intensify
BYD has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle (EV) maker is preparing for the brutal price war in the world’s biggest auto market to intensify. A screen shot of an e-mail purportedly from the Shenzhen-based auto giant was circulating on social media on Wednesday (Nov 27),…
Read MoreThai Airways plans 44 billion baht share sales to exit debt plan
THAI Airways International expects to raise as much as 44 billion baht (S$1.7 billion) from a share rights offering, the carrier’s final major step to exit a court-supervised debt restructuring and allow the resumption of the trading of its stock. Thailand’s flag carrier set the share price for its 9.8 billion new shares for existing…
Read MoreGold prices barely move ahead of US inflation data
GOLD was little changed on Wednesday (Nov 27), as investors awaited US inflation data for clues on the scale of a possible Federal Reserve rate cut next month. Spot gold was flat at US$2,630.59 per ounce, as at 0015 GMT. Bullion hit its lowest level since Nov 18 on Tuesday. US gold futures rose 0.4…
Read MoreStocks to watch: SingPost, Elite UK Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Nov 27): Singapore Post (SingPost): The national postal service provider said on Tuesday it was in exclusive talks with a third party for a potential sale of its Australia business, while stating no definitive deal has been reached. The company’s…
Read MoreStarbucks workers to get only 60% bonus on worst year since 2020
MANY Starbucks corporate workers are only getting 60 per cent of their overall bonuses for the company’s most recent fiscal year due to the chain’s poor financial performance, according to a source familiar with the matter. The company’s weaker-than-expected financial results for the fiscal year that ended Sep 29 are dragging down the overall payout…
Read MoreChinese Courier SF Holding to start trading after HK$5.83 billion Hong Kong IPO
CHINA’S SF Holding’s shares are set to debut in Hong Kong on Wednesday (Nov 27), in what is expected to be the city’s final test for major listings this year. In grey-market trading on Tuesday, the express-delivery firm’s stock jumped as much as 5.5 per cent from its issue price of HK$34.30, which stood in…
Read MoreDell reports sales that miss estimates on setback for PC market
DELL Technologies reported worse-than-expected sales after a budding revival in the personal computer (PC) market stalled out. Fiscal third-quarter revenue increased 10 per cent to US$24.4 billion. Analysts, on average, estimated US$24.6 billion, according to data compiled by Bloomberg. Dell’s personal computer business declined 1 per cent to US$12.1 billion, falling short of estimates. The…
Read MoreStanChart CEO Bill Winters’ love-hate relationship with trade wars, conflict
He says while things could go wrong, it is while navigating through those periods that the greatest opportunities are created STANDARD Chartered chief executive Bill Winters has a lot on his mind; understandably so. On top of ongoing conflicts in Europe and the Middle East, there is also rising trade tension between the US and…
Read MoreUS: S&P 500, Nasdaq open higher as investors assess Trump’s tariff threats
THE benchmark S&P 500 and the Nasdaq opened higher on Tuesday (Nov 26), with investors assessing Donald Trump’s tariff pledges on top trade partners of the US and awaiting minutes from the Federal Reserve’s latest meeting. The Dow Jones Industrial Average fell 121.7 points, or 0.27 per cent, at the open to 44,614.89. The…
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