Posts by Yurie Miyazawa
Adani CFO defends against US charges, says linked to one business contract
A US bribery indictment of Indian billionaire Gautam Adani is linked to one contract of Adani Green Energy comprising some 10 per cent of its business, and none of the conglomerate’s other companies are accused of wrongdoing, the group’s chief financial officer said on Saturday (Nov 23). On Wednesday, Gautam Adani, one of the world’s…
Read MoreNvidia boss urges global cooperation during Hong Kong trip
NVIDIA chief executive officer Jensen Huang called for preserving global cooperation amid growing anticipation of renewed tensions between the US and China once President-elect Donald Trump returns to the White House next year. While artificial intelligence (AI) accelerators made by Huang’s company are the gold standard for companies and governments racing to build emerging technologies,…
Read MoreAs SGQR+ reshapes Singapore’s payment scene, who wins?
Payments services firm Nets has had a four-decade head start in Singapore. But that advantage may be diminishing in line with a push by the Monetary Authority of Singapore (MAS) to streamline payments, give merchants more choices, and make various payment apps more compatible with each other. SGQR+, a new solution unveiled this month that…
Read MoreFed survey finds inflation fading as a risk next to debt, trade wars
PRESIDENT-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov 5 election victory financial professionals had moved on from rising prices and begun worrying about rising US debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according…
Read MoreEurope: Stoxx 600 jumps over 1% to one-week high on real-estate boost
EUROPEAN real estate stocks surged, propelling the benchmark index to a one-week high on Friday (Nov 22), while easing of geopolitical tensions also relieved some recent selling pressure. The pan-European Stoxx 600 jumped 1.2 per cent, its best daily performance in nearly two months. The session’s positive performance contributed to a 1.1 per cent gain…
Read MoreUS: Wall St opens muted ahead of business activity data; geopolitical tensions in focus
Wall Street’s main indices had a subdued start on Friday (Nov 22) as investors awaited a business activity survey and monitored geopolitical tensions between Ukraine and Russia. The Dow Jones Industrial Average rose 1.3 points at the open to 43,871.63. The S&P 500 fell 4.4 points, or 0.07 per cent, to 5,944.36, while the Nasdaq…
Read MoreTrump’s return could extend US stocks’ dominance over global rivals
US stocks are extending their lead over global peers, and some investors believe that dominance could grow if President-elect Donald Trump can implement his economic platform without becoming mired in a full-blown trade war or ballooning the federal deficit. The S&P 500 has gained over 24 per cent in 2024, putting it well ahead of…
Read MoreParagon Reit to divest its majority stake in Australian shopping mall for A$192 million
Trust holds an 85 per cent interest in property; remainder is held by listed fund manager MA Financial PARAGON Reit Management, the manager of Paragon Real Estate Investment Trust (Reit), has entered into an agreement to sell its stake in an Australian shopping centre for A$192 million (S$168 million). The put and call option deed…
Read MoreGlobal banks weigh halting fresh credit to India’s Adani after US indictment
Some global banks are considering temporarily halting fresh credit to India’s Adani Group but staying put with existing loans following US prosecutors’ indictment of its billionaire founder Gautam Adani for fraud, sources said. US prosecutors have charged eight people, including Adani chair Gautam Adani, with agreeing to pay about US$265 million in bribes to Indian…
Read MoreS&P lowers outlook on three Adani units after US indictment of founder
S&P GLOBAL Ratings lowered its outlook on three Adani Group entities to ‘negative’ from ‘stable’ on Friday (Nov 22), citing risks to funding access following a US indictment of the conglomerate’s billionaire founder, Gautam Adani, on bribery charges. Adani and seven other people, including his nephew Sagar, were indicted on Thursday for fraud by US…
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