Posts by Yurie Miyazawa
Singapore 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…
Read MoreOracle 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…
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