Posts by Yurie Miyazawa
Europe: 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…
Read MoreSingapore boards are unprepared for future complexities: Piyush Gupta
Their role transcends beyond being a ‘policeman’, he says; they also need to be a ‘navigator’ and ‘shepherd’ [SINGAPORE] Many corporate boards are largely unprepared for future complexities, said former DBS chief executive Piyush Gupta at a conference organised by the Singapore Institute of Directors (SID) on Friday (Sep 12). Speaking at a panel, Gupta…
Read MoreCEO egos must be kept in check to prevent them from becoming ‘emperors’: Ho Ching
Ho is conferred SID’s honorary fellowship in recognition of her ‘distinguished contributions to corporate governance and stewardship in Singapore’ [SINGAPORE] The top business leaders typically display a self-confidence that is necessary to drive the company forward. But it is imperative that a company’s board of directors manage these egos to prevent a leader from becoming…
Read MoreJPMorgan postpones ECB rate cut forecast to December after policy meeting
JPMORGAN now expects the European Central Bank to lower interest rates in December this year compared to its prior forecast of a quarter-point cut in October after the central bank left interest rates unchanged in its policy meeting. “We recognise that the ECB may be done, but global growth risks are still significant and the…
Read MoreAsia: Stocks surge into weekend with US rate cut ‘seemingly locked in’
ASIAN markets surged again on Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a Federal Reserve interest rate cut next week. The bullishness that has characterised trade for the past few weeks has ramped up since a series of reports indicating the labour market in…
Read MoreSK Hynix shares hit record with news of AI memory milestone
The Seoul-traded chipmaker, whose shares are up roughly 90% over the past year, is now worth close to US$170 billion [SEOUL] SK Hynix’s stock climbed as much as 5.9 per cent on Friday (Sep 12) to a record after the company announced it had completed development of HBM4, the next generation of high-bandwidth memory (HBM)…
Read MoreFrasers Hospitality Trust to suspend trading on Sep 12, expected to delist on Oct 6
Payment for the scheme consideration to eligible securityholders is set to be made on or around Sep 30 [SINGAPORE] Frasers Hospitality Trust (FHT) has received the court’s sanction for its proposed privatisation by way of a trust scheme, paving the way for its expected delisting on or around Oct 6 at 9 am. Trading of…
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