Posts by Yurie Miyazawa
Alphabet hits US$3 trillion in market capitalisation for first time
Class A shares of the company were up 4.6% at US$251.88, while Class C shares climbed 4.5% to US$252.3 [NEW YORK] Google-parent Alphabet hit a market capitalisation of US$3 trillion for the first time on Monday, riding on renewed optimism around artificial intelligence and a favourable antitrust ruling. Class A shares of the company were…
Read MoreStanChart Singapore’s H1 profit climbs 12.4% to nearly S$1 billion
The rise in earnings comes amid a boost in fee and commission income, as well as forex income [SINGAPORE] Standard Chartered (StanChart) Singapore’s net profit climbed 12.4 per cent year on year to S$961 million for the first six months of 2025, from S$854 million for H1 2024. Fee and commission income fuelled the improved…
Read MoreAsia: Markets fluctuate ahead of expected US rate cut
ASIAN markets were mixed on Monday as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate reductions. Wednesday’s policy…
Read MorePolitics drive investment divide in South-east Asia’s top markets
POLITICAL upheaval is driving a split in South-east Asia’s financial landscape, as investors bet that the worst may finally be over in Thailand but only just getting started in Indonesia. Foreign investors have pulled US$653 million from Indonesia’s stock market this month, the worst period of selling since April as violent protests and the abrupt…
Read MoreBlockchain billionaire emerges from Figure’s post-IPO surge
[NEW YORK] It took him a few tries, but Mike Cagney is now a billionaire. Shares of blockchain-based lender Figure Technology Solutions have soared almost 40 per cent since Thursday’s (Sep 11) initial public offering (IPO), making him the latest in a recent surge of newly minted crypto-related billionaires. Cagney’s ambitions for the New York-based…
Read MoreIndia tweaks IPO rules to allow easier listing for big firms
[MUMBAI] India’s securities market regulator on Friday (Sep 12) made it easier for very large private companies to go public in one of the world’s top destinations for first-time share sales this year. Companies with market capitalisation of more than five trillion rupees (S$72.9 billion) can now make an initial public offering (IPO) of as…
Read MoreEurope: Stoxx 600 slips as French rating review looms; still ends week higher
[GDANSK] European shares ended the week on a strong note, but were a little lower on Friday (Sep 12) as investors turned cautious ahead of Fitch’s credit rating decision on France later in the day. The pan-European Stoxx 600 ended 0.1 per cent lower at 554.74 points, as healthcare led sector losses with an over…
Read MoreUS: Nasdaq notches record high close, traders look to Fed meeting
[BENGALURU] The Nasdaq notched a record high close on Friday (Sep 12) in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve’s policy meeting next week, when it is widely expected to cut interest rates to counter a slowdown in the jobs market. Lifted by Tesla and other technology-related…
Read MoreOpenAI wants to create a public benefit corporation. What does that mean?
The company has faced pushback, including from early backer Elon Musk, on the move AFTER months of back-and-forth with regulators and stakeholders, OpenAI said it is getting closer to converting into a more traditional, for-profit company – a key step in its bid to secure billions more in capital to build cutting-edge artificial intelligence (AI)…
Read MoreChina’s credit expansion slows on weak demand, slower bond sales
China has been struggling to overcome the collapse of demand for borrowing linked to the property sector [BEIJING] China’s credit growth slowed from a year ago in August with its loan expansion falling short of forecasts, as demand for financing stayed soft while the government borrowed less to fund spending such as infrastructure investment. Aggregate…
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