Posts by Yurie Miyazawa
Oracle retreats after record run towards US$1 trillion club on AI cloud boom
[NEW YORK] Oracle shares retreated on Thursday (Sep 11) after a record AI-driven surge in the previous session that put the company closer to the trillion-dollar mark and co-founder Larry Ellison within striking distance of the world’s richest person title. The enterprise software maker’s remarkable rise, fuelled by a wave of multi-billion-dollar cloud deals, puts…
Read MoreSaudi oil giant Aramco raises US$3 billion from Islamic bonds
[DUBAI] Saudi Aramco, the world’s biggest oil company, raised US$3 billion from a sale of Islamic bonds, a term sheet showed on Thursday (Sep 11), as investors appeared unperturbed by an Israeli attack on neighbouring Qatar this week. Aramco priced US$1.5 billion in five-year Islamic bonds, or sukuk, at a profit rate of 4.125 per…
Read MoreDeutsche Bank hires trio for Asia Pacific credit trading, sales
[HONG KONG] Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals shift among banks in the region. The lender hired Smit Rastogi for Asia Pacific credit trading based in Singapore and Karen Lee for Asia Pacific credit sales based in Hong Kong, according…
Read MoreCIMB Singapore CEO Victor Lee resigns; CFO to take charge in interim
[SINGAPORE] Victor Lee has resigned from his roles as chief executive officer of CIMB Singapore and chief executive of growth markets, parent company CIMB Group announced on Tuesday (Sep 9). He is leaving to pursue other opportunities and has been placed on gardening leave with immediate effect, the Malaysian bank said in a statement. Lee’s…
Read MoreCompetition watchdog seeks public’s views on TPG’s proposed privatisation of Econ Healthcare
The Competition and Consumer Commission of Singapore is inviting feedback from Monday to Sep 19, 5 pm [SINGAPORE] The country’s competition watchdog is seeking public feedback on the proposed acquisition of nursing home operator Econ Healthcare Asia via a public consultation that starts on Monday (Sep 8). The Competition and Consumer Commission of Singapore (CCCS)…
Read MoreOpec+ casts shadow on Singapore’s glitzy oil bash as surplus looms
AN EXPECTED move by the world’s top oil-producing nations to once again increase output will set the tone for Asia’s biggest gathering of oil executives this week in Singapore, with chatter about looming oversupply certain to dominate conversations. Opec+ (the Organization of the Petroleum Exporting Countries and their allies) shocked the market earlier this year…
Read MoreNasdaq 100 gains as weak labour data fuels rate-cut bets
THE Nasdaq 100 rose on Thursday (Sep 4), closing 218.17 points, or 0.93 per cent higher, at 23,633.01, as investors digested weaker-than-expected labour market data ahead of Friday’s closely watched nonfarm payrolls (NFP) report. Private-sector job growth slowed to 54,000 in August, missing forecasts of 65,000, while weekly jobless claims hit their highest level since…
Read MoreBank of America sees two US Fed rate cuts this year vs none before
[NEW YORK] Economists at Bank of America forecast two US Federal Reserve interest-rate cuts this year, in September and December, based on weak August employment data, scrapping what had become an outlier call for no action until next year. “There is now clearer evidence of deterioration in labour demand, not just supply,” Aditya Bhave said…
Read MoreChina joins big oil in opposition to Trump’s biofuel proposal
[NEW YORK] US oil refiners have found an unlikely ally in their opposition to US President Donald Trump’s proposed changes to biofuel policy: China. A plan to slash incentives for renewable diesel produced from imported feedstocks will disrupt trade, harm US fuelmakers and undermine efforts to slash carbon emissions, a Chinese government agency said in…
Read MoreUS SEC launches task force on securities fraud by foreign companies
[WASHINGTON] The US Securities and Exchange Commission (SEC) is setting up a new unit to focus on securities fraud by foreign companies, one of the first signals of the regulator’s enforcement priorities under the Trump administration. The new group, called the cross-border task force, will investigate companies from “foreign jurisdictions, such as China, where governmental…
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