Posts by Yurie Miyazawa
Coffee on boil: Not everyone’s cup of tea
COFFEE, once seen as a luxury, has evolved into a daily necessity, deeply ingrained in the lifestyles of millions worldwide. Yet, behind…
Read MoreIPhone maker Hon Hai sustains revenue rebound with help from AI
Hon Hai Precision Industry’s revenue growth accelerated last quarter, sustaining a bounce-back as demand for the servers that drive artificial intelligence (AI) development offset weak smartphone sales. Apple’s main manufacturing partner, also known as Foxconn, reported sales rose 20.2 per cent to NT$1.85 trillion (S$75 billion) for the three months ended September from a year…
Read MoreBuybacks continue at moderate pace; Far East Orchard chair acquires shares
INSTITUTIONS were net buyers of Singapore stocks over the five trading sessions spanning Sep 27 to Oct 3, with S$50 million of net institutional inflow, reversing the preceding five sessions of net outflow. Leading the net institutional inflow over the five sessions to Oct 3 were Singapore Exchange, Mapletree Pan Asia Commercial Trust, Singapore Airlines,…
Read MoreLabour talks to resume as Boeing strike enters fourth week
TALKS are set to resume next week on a new labour contract covering some 33,000 striking Seattle-area Boeing employees, both sides said Friday. As the strike entered its fourth week, the union said the talks under a federal mediator would resume on Monday at 9.00 am, according to the website of the International Association of…
Read MoreQatar Investment Authority joins consortium to take HK-listed ESR Group private
HONG Kong-listed real estate fund manager ESR Group said on Friday (Oct 4) Qatar Holding has joined a consortium of investors proposing to take the company private under an updated non-binding proposal. Qatar Holding, which is owned by the sovereign wealth fund Qatar Investment Authority, is also a shareholder in ESR. ESR’s top shareholder Warburg…
Read MoreTencent, Guillemot family are said to consider buyout of Ubisoft
TENCENT Holdings and Ubisoft Entertainment’s founding Guillemot family are considering options including a potential buyout of the French video game developer after it lost more than half its market value this year, according to people familiar with the matter. The Chinese tech company and Guillemot Brothers have been speaking with advisers to help explore…
Read MoreMeta, challenging OpenAI, announces new AI model that can generate video with sound
FACEBOOK owner Meta announced on Friday (Oct 4) it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. Samples of Movie Gen’s creations provided by Meta showed videos…
Read MoreCognac producers lament European Union EV tariff vote, raise retaliation concerns
They insist negotiations continue for a solution that will prevent the spirit from facing a surtax FRENCH cognac producers accused their government of abandoning them, after the European Union (EU) decided to impose tariffs on electric vehicles (EVs) from China prompted fears of retaliation against distillers. A request to postpone the vote and negotiate a…
Read MoreSingapore stocks end higher ahead of US jobs report; STI up 0.3%
SINGAPORE shares closed Friday (Oct 4) in the black, ahead of the US jobs data for September. The benchmark Straits Times Index (STI) climbed 0.3 per cent or 11.7 points to 3,589.13. Across the broader market, gainers outnumbered losers 351 to 225, with 1.7 billion securities worth S$1.5 billion changing hands. Regional indices mostly finished…
Read MoreHSBC plans risk transfer linked to 2 billion euros of corporate loans
HSBC Holdings plans to issue a significant risk transfer (SRT) linked to a portfolio of about 2 billion euros (S$2.9 billion) of corporate loans, according to people familiar with the matter. In SRTs, banks offload the risk of loan portfolios, holding on to the assets but paying investment firms to share any potential future losses.…
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