Posts by Yurie Miyazawa
UniCredit starts 1.7 billion euro share buyback in top payout pledge
UniCredit said it will start repurchasing as much as 1.7 billion euros (S$2.44 billion) of its own stock as it delivers on the biggest payout pledge among European banks. The buyback will start on Monday (Sep 16) and may be completed by November, the Milan-based lender said in a statement. Morgan Stanley will act as…
Read MoreTikTok’s US future hangs in balance at federal court
TIKTOK will attempt to convince a federal court on Monday (Sep 16) that a law requiring the video-sharing app to divest from its Chinese ownership or face a ban in the United States is unconstitutional. The fate of Americans’ access to TikTok has become a prominent issue in the country’s political debate, with Republican presidential…
Read MorePwC making investments for ‘high quality’ business in China, internal memo says
PWC is making “tangible investments” to ensure the Big Four firm has high quality and sustainable business in China, it said in a memo to staff after Chinese regulators on Friday hit the company’s mainland unit with a record penalty. PwC Zhong Tian LLP was hit with a six-month suspension and a record fine of 441 million…
Read MoreOil prices inch up on Fed rate cut outlook
OIL prices edged up in early trade on Monday amid expectations of a US interest rate cut this week, though gains were capped by US supply resumptions following Hurricane Francine and weaker China data. Brent crude futures for November were up 15 cents, or 0.2 per cent at US$71.76 a barrel at 0015 GMT. US…
Read MoreChina cancels flights, evacuates thousands as typhoon nears
TYPHOON Bebinca’s imminent landing in China’s east coast has led to the cancellation of hundreds of flights and the evacuation of hundreds of thousands of residents in Shanghai and some other coastal cities, disrupting the plans of millions of holidaymakers at the start of a national festival. Bebinca, which China refers to as Beibijia, is…
Read MoreShanghai slammed by strongest typhoon to hit city since 1949
THE strongest typhoon in more than seven decades has struck China’s financial capital, bringing gale-force winds and heavy rain to the eastern seaboard and disrupting holidaymakers at the start of a days-long national festival. Typhoon Bebinca – known as Beibijia in China – crossed the coast in the Yangtze River Delta region at around 7.30…
Read MoreThai state fund seeks 150 billion baht to help boost stock market
THAILAND’S state-controlled Vayupak Fund is starting a 150 billion baht (S$5.9 billion) offering on Monday (Sep 16) aimed at boosting the local stock market. The offering, which will increase Vayupak’s funds under management to 500 billion baht, will run to Friday. The allocations will be announced on Sep 23, and stock purchases will begin Oct…
Read MoreStellantis opposes any delay in EU rules on vehicle emissions
STELLANTIS, Europe’s second-biggest carmaker, is pushing back against any move by the European Union to delay emissions targets set to take effect next year, setting up a potential clash with other manufacturers in the region. “It would be surreal to change the rules now,” chief executive officer Carlos Tavares told Agence-France Presse on Sunday (Sep…
Read MoreReimagining Singapore’s place in the global equity market
WHEN things are not working as well as we would like, we typically have three choices: criticise and complain; accept it and live with it; or try to do something about it. This time, I have chosen to go with the third. I am privileged to be part of the Monetary Authority of Singapore (MAS)…
Read MoreDFI shrinking Giant’s footprint to focus on Cold Storage amid growing competition
Analysts say DFI’s focus on multi-format retailing continues to keep the counter attractive SUPERMARKET chain Giant has recently shuttered several outlets here. But market watchers believe there is little cause for concern, as it is part of DFI Retail Group’s right-sizing approach as it turns towards ready-to-eat and fresh produce in its other grocery brands…
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