Posts by Yurie Miyazawa
HSBC revamp by new CEO Georges Elhedery stumps staffers, investors alike
HSBC Holdings’ new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and investors. There was, for instance, no sense of how many jobs might be on the chopping block as the lender merged two of its largest businesses…
Read MoreStocks to watch: Mapletree Logistics Trust, CapitaLand Ascott Trust, Keppel Infrastructure Trust, Parkway Life Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Oct 23): Mapletree Logistics Trust (MLT): The logistics real estate investment clocked a 10.6 per cent fall in distribution per share to S$0.02027 on higher borrowing and lower China revenue from the second quarter ended Sep 30. For Q2 FY25,…
Read MoreUS banks brace for open banking era of consumer data sharing
US BANKS will now have to give customers access to their financial data after the top consumer watchdog finalised a long-awaited rule aimed at fuelling more competition for financial products and services. Under the Consumer Financial Protection Bureau’s (CFPB) open banking measure, consumers will be able to demand, download and transfer their highly-coveted data to…
Read MoreMcDonald’s linked to dozens of food poisonings, one death in US
ONE person has died and dozens have fallen sick following a severe E. coli outbreak linked to McDonald’s Quarter Pounder hamburgers, the US Centers for Disease Control and Prevention (CDC) said on Tuesday (Oct 22). The outbreak, which began in late September, has spread across 10 western states with most of the 49 cases concentrated…
Read MoreAmazon sets ultra-low pricing plans for Temu rival store: The Information
AMAZON.COM is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing to launch, the Information reported on Tuesday (Oct 22). The company’s price limits include US$8 for jewellery, US$13 for guitars and US$20 for sofas, according to the report, which cited…
Read MoreCapitaLand Ascott Trust to divest Tianjin property at undisclosed price
Divestment is part of the stapled group’s strategy to recycle capital and reconstitute its portfolio to enhance returns CAPITALAND Ascott Trust (Clas) has agreed to divest its property in Tianjin, China, managers of the stapled group said on Tuesday (Oct 22). The Somerset Olympic Tower Tianjin will be sold to an unrelated third party for…
Read MoreParkway Life Reit acquires 11 nursing homes in France for 111.2 million euros
PARKWAY Life Real Estate Investment Trust (Parkway Life Reit) is acquiring 11 nursing homes in France for a total consideration of 111.2 million euros (S$159.9 million). The acquisition marks the Reit’s maiden investment in Europe, which is the third key market with “strong fundamentals, growing ageing population and aged care sectors”, said the manager on…
Read MoreKeppel Reit’s nine-month distributable income dips 1.9% on higher borrowing costs
KEPPEL Real Estate Investment Trust (Reit)’s distributable income fell 1.9 per cent year on year to S$160.6 million for the first nine months of the fiscal year, mainly due to higher borrowing costs, said the Reit manager on Tuesday (Oct 22). This includes an anniversary distribution of S$15 million, unchanged from the same period last…
Read More‘Blade Runner 2049’ producer sues Tesla, Warner Bros over AI images
MOVIE and television studio Alcon Entertainment on Monday (Oct 21) sued Tesla and Warner Bros Discovery over claims they used images tied to the film Blade Runner 2049 to promote Tesla’s new autonomous cybercab. Alcon’s California federal lawsuit alleged violations of US copyright law and accused Tesla of “false endorsement” for suggesting a relationship between…
Read MoreZombie companies may finally succumb to bankruptcy on Bank of Japan hikes
AFTER three decades of ultra-loose monetary policy, even small hikes in interest rates by the Bank of Japan (BOJ) are poised to fuel an increase in the number of zombie companies that could be tipped into insolvency. Bankruptcies topped 5,000 cases for the first time in a decade between April and September, a report by…
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