Posts by Yurie Miyazawa
Amazon AWS CEO: Quit if you don’t want to return to office
ONE of Amazon’s top executives defended the new, controversial five-day-per-week in-office policy on Thursday (Oct 17), saying those who do not support it can leave for another company. Speaking at an all-hands meeting for AWS, unit CEO Matt Garman said nine out of 10 workers he has spoken with support the new policy, which takes…
Read MoreUS: Stocks mixed as enthusiasm for chipmakers returns
US STOCKS closed in mixed territory on Thursday (Oct 17), with the tech-rich Nasdaq Composite once more buoyed by renewed interest in chipmakers and designers such as Nvidia. The Dow Jones Industrial Average gained 0.4 per cent to end at a new record of 43,239.05, while the broad-based S&P 500 Index lost less than 0.02…
Read MoreUS: S&P 500 opens at record high on retail sales data, chip stocks boost
Wall Street’s main indexes jumped on Thursday (Oct 17), with the S&P 500 notching up a record high as an upbeat forecast from TSMC boosted semiconductor stocks, while a bigger-than-expected rise in September retail sales pointed to a strong US consumer. The Dow Jones Industrial Average rose 165.37 points, or 0.38 per cent, to 43,243.07.…
Read MoreBlackstone’s credit arm is now its top business, fuelling profits
BLACKSTONE posted an increase in third-quarter profit as its credit arm was boosted by an influx of investor cash and became its biggest business by assets. Distributable earnings climbed 5.5 per cent to US$1.28 billion from a year earlier, buoyed by its lending arm, according to a statement on Thursday (Oct 17). That profit measure…
Read MoreNokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts: sources
NOKIA has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources familiar with the matter. A Nokia spokesperson confirmed the company had opened consultations relating to laying…
Read MoreGoldman Sachs, Morgan Stanley sell combined US$11 billion in bonds
GOLDMAN Sachs and Morgan Stanley sold a combined US$11.3 billion in investment-grade bonds on Wednesday (Oct 16), after both banks posted earnings that surpassed analyst expectations. Both sales came a day after rival JPMorgan Chase issued debt amid strong investor demand, after also reporting better-than-expected third-quarter results. Goldman sold US$5.5 billion of bonds in two…
Read MoreHyundai Motor India set to price shares at top of range to raise US$3.3 billion
The price is at the top of the 1,865 rupees to 1,960 rupees range flagged to investors when the deal was launched Hyundai Motor India is set to price its shares at 1,960 rupees (S$30.64) to raise US$3.3 billion in its initial public offering, according to two sources with direct knowledge of the matter. That…
Read MoreSingapore stocks climb at Thursday’s open after key export data; STI up 0.7%
SINGAPORE shares were trading higher on Thursday (Oct 17) morning, following news that the city-state’s key exports in September grew 2.7 per cent year on year, extending the 10.7 per cent jump in the previous month. On a seasonally adjusted monthly basis, non-oil domestic exports rose 1.1 per cent in September, a turnaround from August’s 4.7…
Read MoreStocks to watch: Sembcorp, Parkway Life Reit, Yeo Hiap Seng
THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 17): Sembcorp: The group’s renewables subsidiary Sembcorp Green Infra bagged a contract for a 150 megawatt wind-solar hybrid power project in India from Solar Energy Corporation of India. The award of the project is not expected to have a…
Read MoreToyota joins with Hyundai’s Boston Dynamics on AI-powered robots
TOYOTA Motor’s research unit and Hyundai Motor’s Boston Dynamics are joining forces to speed up the development of humanoid robots with artificial intelligence (AI). The partnership will pair Toyota Research Institute’s expertise in large behaviour model learning for machines with Boston Dynamics’ humanoid Atlas robot, they said on Wednesday (Oct 16). Boston-based teams from TRI…
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