Posts by Yurie Miyazawa
Latest Singapore 6-month T-bill cut-off yield falls to 2.99%
This is down from the 3.06% offered in the previous auction that closed on Oct 10 THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 2.99 per cent, auction results released by the Monetary Authority of Singapore on Thursday (Oct 24) showed. This is down from the 3.06 per cent offered…
Read MoreLas Vegas Sands to pump in US$8 billion to develop MBS fourth tower
LAS Vegas Sands (LVS), the parent company of Marina Bay Sands (MBS), is set to invest US$8 billion in the integrated resort’s (IR) expansion project dubbed “Marina Bay Sands IR2” – which includes a fourth hotel tower with a sky roof, a 15,000-seat entertainment arena, and additional premium Mice (meetings, incentives, conferences & exhibitions) space,…
Read MoreBoeing workers reject contract, extend strike: union
BOEING workers in the Seattle region decisively rejected the company’s latest contract offer on Wednesday, extending the nearly six-week strike. Almost two-thirds of the members of the International Association of Machinists and Aerospace Workers District 751 union, or 64 per cent, rejected the contract, the union said on X. The latest Boeing offer had included…
Read MoreGold record rally stalls on higher US dollar, yields
GOLD prices held steady on Thursday (Oct 24) after scaling an all-time high in the previous session, with a stronger US dollar and an uptick in US Treasury yields offsetting support from safe-haven demand. Spot gold was flat at US$2,718.32 per ounce, as at 00:13 GMT. US gold futures were 0.1 per cent higher to…
Read MoreApple CEO Cook says company will increase investment in China: Xinhua
APPLE CEO Tim Cook said at a meeting with the Chinese government in Beijing that the US company will increase investment in China and thereby contribute to supply chain development, state news agency Xinhua reported on Thursday. Cook met Minister for Industry and Information Technology Jin Zhuanglong on Wednesday, the ministry previously said. Apple did not immediately…
Read MoreTSMC cuts off client after discovering chips sent to Huawei
TAIWAN Semiconductor Manufacturing Company (TSMC) discovered this month that chips it made for a specific customer ended up with Huawei Technologies, a potential violation of US sanctions intended to sever the flow of technology to a Chinese national champion. TSMC halted shipments to the client around mid-October after it realised semiconductors fabricated for that entity…
Read MoreNewmont shares fall as earnings miss undermines profit surge
NEWMONT, shares plunged on Wednesday (Oct 23) in postmarket trading after reporting quarterly earnings that fell short of Wall Street’s expectations. The stock plunged as much as 7.2 per cent to a low of US$53.60 in New York after the world’s top gold producer reported third-quarter results that missed analysts’ expectations for revenue and adjusted…
Read MoreIBM posts soft revenue growth as consulting woes continue
INTERNATIONAL Business Machines (IBM) reported underwhelming sales as the company grapples with a slowdown in consulting demand. Sales increased 1 per cent to US$15 billion, slightly missing the average estimate from analysts. Results were weighed down by a flat consulting business, which contributed US$5.2 billion in revenue. Clients in that segment are not expanding budgets,…
Read MoreMike Ashley’s Frasers pulls bid for handbag maker Mulberry
BILLIONAIRE Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group but is still pushing for a board seat at the British handbag maker. Frasers said Mulberry had not properly engaged with its offer to buy the remainder of the company, in which it already holds a 37 per cent stake.…
Read MoreHPL prices S$160 million perpetual securities at 5.5%
The distribution rate will be reset on the first reset date of Oct 30, 2029, and every five years thereafter HOTEL Properties Limited (HPL) has priced S$160 million in subordinated perpetual securities at 5.5 per cent under its S$1 billion multicurrency debt issuance programme. The net proceeds arising from the issue of the securities will…
Read More