Posts by Yurie Miyazawa
Asian LNG jumps to highest this year as European benchmarks rise
NORTH Asia spot liquefied natural gas (LNG) prices jumped to the highest level this year on increased competition from Europe for the heating and power plant fuel. The Japan-Korea marker, the benchmark for the region, rose to about US$15.3 per million British thermal units on Thursday (Nov 21), the highest since early December 2023, according…
Read MoreBP and partners to invest US$7 billion in carbon capture project in Indonesia’s Papua
BP AND partners said they would invest US$7 billion in a carbon capture project and gas field development in Indonesia’s easternmost Papua region that could unlock three trillion cubic feet of additional gas resources. The British oil and gas producer announced the investment on Thursday (Nov 21) in a meeting with President Prabowo Subianto who…
Read MoreNissan to cut or transfer about 1,000 jobs in Thailand: sources
NISSAN Motor will cut or transfer about 1,000 jobs in Thailand as it shrinks production in South-east Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter said on Friday (Nov 22). Nissan plans to partially stop production at its Thailand Plant No 1, one of two car assembly…
Read MoreChina’s richest man berates PDD, ByteDance for months of misery
CHINA’S richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled water empire. At an event in Jiangxi province earlier this month, Zhong Shanshan, the founder of…
Read MoreUber said in talks to invest in US IPO of China’s Pony AI
UBER Technologies plans to invest in Pony AI’s US initial public offering (IPO), which is expected to be priced next week after being upsized by the autonomous driving firm, sources familiar with the matter said. San Francisco-based Uber is seeking to buy more than US$10 million of shares in Pony AI’s IPO, the sources said,…
Read MoreCoinbase eyes more acquisitions as it expands payments business
COINBASE Global is ramping up its efforts in the digital-payments space, with ambitions to make additional acquisitions and generate more revenue from the business line. The biggest US crypto exchange acquired payments startup Utopia Labs this month, and it may buy more payments-related businesses to expand its capabilities, according to Shan Aggarwal, Coinbase’s vice-president of…
Read MoreGoldman, Morgan Stanley, Bank of America ask buyers of bank risk to disclose leverage
US BANKS including Goldman Sachs, Morgan Stanley and Bank of America (BOA) are asking investors to disclose whether they plan to use additional debt to invest in significant risk transfers (SRTs) as regulators scrutinise them for threats to financial stability, according to sources with knowledge of the matter. The question, which was included at the…
Read MoreWealth hubs go on charm offensive to lure UK super-rich
THE Jumeirah hotel in London’s Knightsbridge has rooms at more than £6,000 (S$10,185) a night, with marble bathrooms, private dining rooms and panoramic views. It showcases some of the best of what London has to offer the world’s super-rich, but another city was the focus for well-heeled investors at a recent invite-only event: Abu Dhabi.…
Read MoreChina’s Trustar raises US$1 billion for vehicle that holds McDonald’s China stake: sources
TRUSTAR Capital has raised US$1 billion for a continuation fund that will hold the Chinese private equity firm’s controlling stake in McDonald Corp’s operations in mainland China and Hong Kong, two sources with knowledge of the matter said. A continuation fund is a new vehicle created by a private equity (PE) firm to transfer holdings…
Read MoreSingapore stocks fall amid regional sea of red; STI down 0.1%
SINGAPORE shares closed slightly lower on Thursday (Nov 21) as regional indices ended in the red, with the imminent threat of US trade tariffs under Donald Trump’s presidency elevating uncertainty in Asian markets. The Straits Times Index (STI) slipped 0.1 per cent or 4.42 points to 3,739.22. Across the broader market, losers beat gainers 284…
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