Posts by Yurie Miyazawa
Boeing plans over US$15 billion capital raise as soon as Monday
BOEING is planning to launch a capital hike as early as Monday (Oct 28), according to sources familiar with the matter, in an offering that would help the beleaguered airplane maker boost its liquidity. The company is set to raise more than US$15 billion from the fundraising, one of the sources said, adding that the…
Read MoreGoogle to develop AI that takes over computers: report
ALPHABET’S Google is developing artificial intelligence (AI) technology that takes over a web browser to complete tasks such as research and shopping, The Information reported on Saturday (Oct 26). Google is set to demonstrate the product code-named Project Jarvis as soon as December with the release of its next flagship Gemini large language model, the…
Read MoreElon Musk tweet on Tesla union push ruled protected speech
A FEDERAL appeals court ruled the National Labor Relations Board (NLRB) exceeded its authority by ordering Elon Musk to delete a 2018 tweet telling Tesla workers they’d lose stock options if they unionised, handing the billionaire a win in one of the many legal fights over his comments on social media. The 5th US Circuit…
Read MoreMUFG looks to leverage regional partners to grow Asean corporate banking business
Bank’s network in S-E Asia said to give it strong local capabilities and thus a ‘huge competitive advantage’ MUFG is already known as Japan’s largest bank. In South-east Asia, it now wants to be more than just that. Richard Yorke, head of global corporate and investment banking for Asia-Pacific at MUFG, noted that it is…
Read MoreMUFG looks to leverage regional partners to grow Asean corporate banking business
Bank’s network in S-E Asia said to give it strong local capabilities and thus a ‘huge competitive advantage’ MUFG is already known as Japan’s largest bank. In South-east Asia, it now wants to be more than just that. Richard Yorke, head of global corporate and investment banking for Asia-Pacific at MUFG, noted that it is…
Read MoreNasdaq bullish momentum slowing?
THE Nasdaq-100 Index performance has been stellar in 2024, rising 20.25 per cent as at Oct 24, reaching 20,232.87 points. Although slightly below its July peak, the index has remained strong. However, its performance in the third quarter of 2024 reflected a sharp correction and subsequent rebound, driven by US economic indicators suggesting inflation may persist.…
Read MoreE coli infections tied to McDonald’s burgers in US rise to 75
The number of people infected by the E coli outbreak tied to McDonald’s Quarter Pounder hamburgers increased to 75 from 49, the US Food and Drug Administration (FDA) said on Friday (Oct 25). Of the 61, on whom information was available, the health regulator said 22 persons have been hospitalised. Two of them have developed…
Read MoreUS: Stocks mixed amid election uncertainty
Wall Street stocks finished mixed following a meandering session that pointed to cautiousness ahead of the US presidential election. Besides the neck-and-neck US election, investors are looking ahead to major economic data next week and earnings from Apple, Facebook parent Meta and other tech giants. “There’s more uncertainty out there than anything else,” said LBBW’s…
Read MoreUS: Wall Streets opens higher as yields ease
Wall Street’s main indexes opened higher on Friday (Oct 25), as Treasury yields eased and investors looked ahead to quarterly results from some of the biggest companies. The Dow Jones Industrial Average was up 103.2 points, or 0.24 per cent, at the open to 42,477.51. The S&P 500 rose 16.9 points, or 0.29 per cent, at…
Read MoreiFast Q3 net profit rises 97.3% to S$16.8 million on overall revenue growth
DIGITAL bank and wealth management platform iFast posted a 97.3 per cent rise in net profit to S$16.8 million for its third quarter ended Sep 30, 2024, from S$8.5 million in the previous corresponding period. Earnings per share stood at S$0.0564 for the quarter, up from S$0.0288 the previous year. Revenue for Q3 rose 49.7…
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