Posts by Yurie Miyazawa
Australia’s RBA to prioritise wholesale CBDC work over retail
AUSTRALIA’S central bank has decided to prioritise work on a wholesale central bank digital currency (CBDC) as its economic benefits are judged to outweigh those of a retail version, a top policymaker said on Wednesday (Sep 18). In a conference speech, Reserve Bank of Australia (RBA) assistant governor Brad Jones announced the launch of a…
Read MoreFTX auditor settles US SEC negligence case, pays fine
A FORMER auditor for FTX will pay US$1.95 million to settle two US Securities and Exchange Commission (SEC) cases, including for alleged negligence in auditing the cryptocurrency exchange Sam Bankman-Fried led before being convicted of fraud. Prager Metis, based in New York, did not admit or deny wrongdoing in agreeing to Tuesday’s (Sep 17) settlements,…
Read MoreSnap advances bet on augmented reality with new version of Spectacles glasses
SNAP announced an upgraded version of its Spectacles augmented-reality (AR) glasses on Tuesday (Sep 17), doubling down on its bet that wearable devices to enhance the view of the real world will be one of the next frontiers in tech. Snap, long known for its ephemeral messaging app Snapchat and animated filters, has been an…
Read MoreLeading the way in corporate governance
How does your company ensure that the interests of various stakeholders – such as shareholders, employees, and the community – are considered in your governance framework? Tan: CICT’s corporate governance framework is designed to ensure that the interests of all stakeholders, including investors, employees, tenants, shoppers, suppliers and communities, are carefully considered. For investors, regular…
Read MoreIntuit releases enterprise suite of financial products to tap new customers
TURBOTAX maker Intuit said on Tuesday (Sep 17) it has released a new customizable enterprise suite of its financial products in the US to capture new customers looking for an all-in-one solution for managing their financial needs. Enterprise customers are increasingly looking to invest in AI-powered platforms that integrate various products of their choice into…
Read MoreBoeing, union negotiators to meet as striking workers dig in
Negotiators at Boeing and its largest union are due to resume talks over a labour contract on Tuesday (Sep 17), as the planemaker seeks to bring a swift end to a strike that is costing the indebted company an estimated US$100 million a day. More than 30,000 Boeing factory workers in the Seattle area went…
Read MoreUS: Wall Street opens higher after retail sales data, Fed decision in focus
Wall Street’s main indexes opened higher with the benchmark S&P 500 close to its intraday record high, ahead of the Federal Reserve’s policy meeting starting on Tuesday (Sep 17), after data signalling a healthy consumer allayed worries of a sharp slowdown in the US economy. The Dow Jones Industrial Average rose 101.7 points, or 0.24…
Read MoreMicrosoft, G42 start two AI centres in Abu Dhabi
MICROSOFT and G42 are establishing two artificial intelligence (AI) centres in Abu Dhabi, months after they inked a US$1.5 billion deal and the United Arab Emirates (UAE) company agreed to divest from China. One centre will help to develop best practices and industry standards for the responsible use of AI, both companies said in a…
Read MoreSembcorp unit to acquire 30% interest in Senoko Energy
Sembcorp Utilities’ acquisition is expected to be completed in the fourth quarter of 2024, subject to certain conditions SEMBCORP’S wholly owned subsidiary Sembcorp Utilities has signed a sale and purchase agreement with energy solutions provider Engie Global Developments to acquire a 30 per cent interest in energy supplier Senoko Energy. The interest is held through…
Read MoreMoody’s, Fitch withdraw LMIRT’s credit ratings
The agencies also withdraw ratings on notes issued by LMIRT’s wholly owned subsidiary, LMIRT Capital TWO ratings agencies have withdrawn Lippo Malls Indonesia Retail Trust’s (LMIRT) credit ratings. Moody’s Investor Service withdrew LMIRT’s “B2” corporate family rating, following a review of the issuer’s request for it to withdraw its rating. The rating agency has also…
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