Posts by Yurie Miyazawa
Global family office wealth to jump 73% to US$9.5 trillion by 2030: Deloitte
GLOBAL family offices are booming, with significant growth in North America and the Asia-Pacific (Apac) region expected in the next six years. Total estimated family wealth stands at US$5.5 trillion currently, up 67 per cent from US$3.3 trillion five years ago, based on Deloitte’s report released on Wednesday (Sep 4). It is projected to grow…
Read MoreComfortDelGro wins A$1.6 billion worth of bus tenders in Australia
LAND transport operator ComfortDelGro’s (CDG) Australian unit has bagged contracts to operate three bus franchises worth around A$1.6 billion (S$1.4 billion) in Victoria, Australia. Through its subsidiary CDC Victoria, ComfortDelGro Corporation Australia (CDG Australia) was awarded the contracts within the Victorian Department of Transport and Planning’s Metropolitan Zero Emission Bus (ZEB) Franchises tender process. On…
Read MoreTokyo: Nikkei plunges 3% after Wall Street drop
JAPAN’S key Nikkei index dropped more than three per cent on Wednesday, weighed down by falls on Wall Street following lacklustre manufacturing data. The benchmark Nikkei 225 was down 3.06 per cent, or 1,184.63 points, at 37,501.68 in early trade, while the broader Topix index was down 2.79 per cent, or 76.21 points, at 2,657.06.…
Read MoreChina’s Geely unveils compact EV to challenge BYD’s Seagull
GEELY Automobile Holdings on Tuesday (Sep 3) unveiled its first compact electric vehicle (EV), aiming to challenge the dominance of BYD’s Seagull in the entry-level segment in China. The car, whose Chinese name Xingyuan translates to Wish Upon a Star, targets young, first-time car buyers and has a spacious design for its size. Pricing and…
Read MoreNvidia gets DOJ subpoena in escalating antitrust probe
THE US Justice Department (DOJ) sent subpoenas to Nvidia and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant provider of artificial intelligence (AI) processors. The DOJ, which had previously delivered questionnaires to companies, is now sending legally binding requests that oblige recipients to…
Read MoreOil slumps about 5% as end to Libyan dispute in sight
OIL prices settled nearly 5 per cent down on Tuesday at their lowest levels in nearly nine months on signs of a deal to resolve a dispute that has halted Libyan crude production and exports. Brent crude futures closed down US$3.77, or 4.9 per cent, at US$73.75 a barrel, their lowest level since Dec 12. West…
Read MoreUS dollar hovers at two-week high; yen grabs spotlight
THE greenback hovered near a two-week high on Tuesday (Sep 3) ahead of a slew of economic data, including Friday’s US payrolls, that could influence the size of an expected interest rate cut from the Federal Reserve. The yen, meanwhile, broke a four-day losing streak against the US dollar after media reports cited the Bank…
Read MoreAsia-Pacific set for takeoff in global air traffic despite supply-chain issues
THE Asia-Pacific region is set to dominate global air passenger traffic growth in the next 15 years, with the numbers projected to more than double the 2019 levels in that time, and hit 8.7 billion by 2042. The director-general of Airports Council International (ACI) Asia-Pacific and the Middle East, Stefano Baronci, noted that nine of…
Read MoreAsia-Pacific set for takeoff in global air traffic despite supply-chain issues
THE Asia-Pacific region is set to dominate global air passenger traffic growth in the next 15 years, with the numbers projected to more than double the 2019 levels in that time, and hit 8.7 billion by 2042. The director-general of Airports Council International (ACI) Asia-Pacific and the Middle East, Stefano Baronci, noted that nine of…
Read MoreSaudi wealth fund to tap bond markets for fourth time this year
The PIF is also looking to raise a benchmark 2032 green bond at a targeted spread of around 135 basis points above US Treasuries Saudi Arabia’s sovereign wealth fund is preparing to tap bond investors for a fourth time this year as it looks to finance its huge domestic investment plans. The Public Investment Fund…
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