Posts by Yurie Miyazawa
More family offices deploy into risk assets on rising optimism: Citi
MORE family offices (FOs) worldwide are shifting their portfolios to risk assets from cash, amid optimism about the outlook for their one-year portfolio performance. This is despite the interest rate trajectory, which includes rates staying high or rising further, being the top concern among global FOs, according to Citi’s 2024 Family Office Survey. Following the…
Read MoreBridgewater’s Dalio and Singapore’s GIC chief cautious on global outlook
RAY Dalio, founder of the world’s largest hedge fund, and Lim Chow Kiat, the boss of Singapore’s sovereign wealth fund GIC are increasingly cautious on the year ahead due to political risk and uncertain global growth prospects. However, both said on Wednesday (Sep 18) they remained committed to investing in China, despite challenges such as…
Read MoreEU court trims Qualcomm fine to 238.7 million euros
The judge made an “exception to a plea concerning the calculation of the amount of the fine” An EU court on Wednesday (Sep 18) largely upheld an antitrust fine against US chip making giant Qualcomm but reduced the penalty slightly to 238.7 million euros (S$343.8 million). The European Union hit Qualcomm with a fine of…
Read MorePassenger car COEs all rise; mainstream car and open categories hit new highs for 2024
THE premiums for passenger cars’ Certificates of Entitlement (COE) rose in September’s second round of bidding, with the open category and the category for mainstream cars both hitting new highs in 2024. Category E, the open category, which can be used to register any type of motor vehicle except for motorcycles, posted the biggest increase…
Read MoreAustralian shares end off record high ahead of Fed rate decision
Australian shares ended flat on Wednesday (Sep 18) after hitting a record high, as a fall in miners offset gains in financials, while investors assessed the odds of a likely super-sized rate cut by the Federal Reserve. The S&P/ASX 200 index closed at 8,142.1 points, after touching a record high of 8,153.50 points early in…
Read MoreOCBC invests S$500 million in Punggol Digital District innovation hub and SIT partnership
OCBC will invest about S$500 million into building its new innovation hub in the Punggol Digital District. The amount will also go towards funding a learning lab in the Singapore Institute of Technology’s (SIT) campus there, among other initiatives, to further its transformation ambitions. The bank expects to house up to 4,000 employees – mostly…
Read MoreTupperware files for bankruptcy as its colourful containers lose relevance
TUPPERWARE Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday (Sep 17), giving in to dwindling demand for its once-iconic food storage containers and mounting financial losses. The company’s struggles resumed after a short-lived pandemic boost, when increased home cooking briefly drove demand for its colourful, airtight plastic containers. A…
Read MoreSalesforce’s new AI strategy acknowledges that AI will take jobs
SALESFORCE is unveiling a pivot in its artificial intelligence (AI) strategy this week at its annual Dreamforce conference, now saying that its AI tools can handle tasks without human supervision and changing the way it charges for software. The company is famous for ushering in the era of software as a service, which involves renting…
Read MoreGold holds steady ahead of Fed decision
GOLD prices held steady on Wednesday (Sep 18) as market participants braced for an expected Federal Reserve move to cut interest rates for the first time in more than four years. Spot gold edged 0.1 per cent higher to US$2,572.11 per ounce by 0018 GMT. Bullion rose to a record high of US$2,589.59 on Monday. …
Read MoreSingapore shares open lower on Wednesday; STI down 0.5%
SINGAPORE stocks began Wednesday (Sep 18) trading in negative territory, although global equities largely rose overnight. As at 9.01 am, the Straits Times Index (STI) fell 17.29 points or 0.5 per cent to 3,576.13. Across the broader market, losers outnumbered gainers 62 to 56, after 46.4 million securities worth S$75 million changed hands. Car dealership…
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