Posts by Yurie Miyazawa
How boards can tackle emerging risks
THE board plays a critical role in overseeing an organisation’s risk strategy. Among these, cyber and ESG (environmental, social and governance) risks represent two of the most prevalent trends in the modern risk landscape. While digitalisation and sustainability are catalysts for business transformation, they also carry threats to the organisation that the board should heed. …
Read MoreEx-UBS chief Ralph Hamers expects AI to spur next evolution in finance
The banking veteran takes on senior adviser role at digital wealth manager Arta Finance THE wealth management industry is on the cusp of change – and banking veteran Ralph Hamers expects artificial intelligence (AI) will drive that. AI can help banks understand their clients more than “any conventional marketing approach can ever analyse”, and build…
Read MoreSiemens looks to digital platform to tackle automation downturn
SIEMENS is looking to its online digital platform Xcelerator to support future growth, including at its factory automation business which has been hit by weakening demand in China and Europe, managing board member Peter Koerte said. The German engineering group last month warned its full-year sales growth would be slower than expected, with revenues at…
Read MoreUS: Wall Street opens lower after higher-than-expected CPI data
Wall Street’s main indexes fell at the open on Thursday (Oct 10), after data showed US inflation was higher than expected in September, keeping the Federal Reserve on track to ease interest rates by 25 basis points at its next meeting. The Dow Jones Industrial Average fell 84 points, or 0.14 per cent, at the…
Read MoreFLCT renews 12-year lease for Australian office building
As at Mar 31, the Caroline Chisholm Centre accounted for 3.2% of FLCT’s portfolio value THE manager of Frasers Logistics and Commercial Trust (FLCT) on Thursday (Oct 10) said the trust has renewed the lease at its Grade A office building in Canberra, Australia, for 12 years beginning Jul 5, 2025. Its tenant, the Commonwealth…
Read MoreIkea sales fall 5% after price cuts amid weak housing market
IKEA annual sales fell 5 per cent after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but it expects a recovery next year. Ingka Group, which owns most Ikea stores globally, reported 39.6 billion euros (S$56.6 billion) in sales…
Read MoreDelta forecasts record fourth quarter profit on improved pricing, strong holiday bookings
DELTA Airlines said on Thursday (Oct 10) that the current quarter has shaped up to be one of the most profitable fourth quarters in its history, with improved pricing power and strong holiday travel bookings. However, the Atlanta-based carrier said the upcoming US presidential election was expected to slow travel spending temporarily, and hurt its…
Read MoreSingapore stocks buck regional gains on Thursday; STI down 0.3%
Jardine Matheson is the top gainer within the index, while Yangzijiang Shipbuilding falls the most SINGAPORE stocks ended lower on Thursday (Oct 10), despite gains elsewhere in the region. The benchmark Straits Times Index (STI) was down 0.3 per cent or 10.37 points at 3,585.29. Across the broader market, gainers outnumbered losers 313 to 250,…
Read MoreGSK surges 6.5% after US$2.2 billion Zantac lawsuits settlement
SHARES of British drugmaker GSK rose as much as 6.5 per cent on Thursday (Oct 10), after it agreed to pay up to US$2.2 billion to settle lawsuits in the United States that claimed its discontinued heartburn drug Zantac caused cancer. The agreement, announced on Wednesday, was lower than some analyst estimates, including JP Morgan…
Read MoreChina’s Chery assembles cars in Russian plants vacated by Western rivals
CHINESE carmaker Chery has started assembling cars in Russia for sale in the country at three factories vacated by Western rivals including Volkswagen and Mercedes, five people familiar with the matter told Reuters. Chinese carmakers have grabbed more than half of Russia’s car market in terms of sales since most Western counterparts abandoned the country…
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