Posts by Yurie Miyazawa
Tata Consultancy Services to cut workforce by 2%, affecting more than 12,000 jobs
Published Sun, Jul 27, 2025 · 07:23 PM — Updated Sun, Jul 27, 2025 · 08:31 PM [BENGALURU] India’s largest IT services provider Tata Consultancy Services (TCS) will reduce its workforce by 2 per cent in its 2026 financial year, primarily affecting middle and senior management, the company said on Sunday (Jul 27). The move…
Read MoreChina’s 1.2 trillion yuan mega-dam project lifts metals markets, but not a quick fix for glut
[SINGAPORE] China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn its protracted timeline and China’s construction downturn will limit immediate demand impact. Ferrous markets rallied sharply this week following Saturday’s (Jul 19) groundbreaking ceremony, attended by Chinese Premier Li Qiang. Iron ore futures for…
Read MoreChina’s 1.2 trillion yuan dam project lifts metals markets, but isn’t a quick fix for glut
[SINGAPORE] China’s launch of a 1.2 trillion yuan (S$218.5 billion) mega-dam project in Tibet has energised metal markets, though analysts warn that its long timeline and China’s construction downturn would limit the impact of immediate demand. Ferrous markets rallied sharply this week following the Saturday (Jul 19) groundbreaking ceremony attended by Chinese Premier Li Qiang.…
Read MoreChina Reits make ‘significant turnaround’, with growth outpacing regional peers: Aprea
[SINGAPORE] Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of this year. The performance of C-Reits this year reflects a “significant turnaround” for an asset class that had plunged to record lows at the start of last year amid a slowing Chinese economy…
Read MoreTesla’s sales fall most in a decade in another rough quarter
[AUSTIN] Tesla fell short of Wall Street’s expectations in one of the automaker’s worst quarters in years, a sign of the toll that rising competition and a backlash against chief executive officer Elon Musk have taken on the company. Adjusted earnings were 40 US cents per share, Tesla said on Wednesday (Jul 23), just below…
Read MoreWhy You Should Join Me at Hawkfest This September
Hawkfest is happening on September 25th in Venice, California. JUST COME AND JOIN US!! This isn’t just another business conference — it’s a gathering I’ve personally designed to bring together entrepreneurs, marketers, and business leaders in a setting that encourages genuine connection and growth.As someone who has built multiple successful businesses, I’ve attended countless industry…
Read MoreST Engineering bags new contracts worth S$4.7 billion in Q2 2025
[SINGAPORE] ST Engineering on Wednesday (Jul 23) announced that it secured S$4.7 billion in new contracts in the second quarter of 2025. These comprise S$1.5 billion from the commercial aerospace segment, S$1.5 billion from the defence and public security segment, and S$1.7 billion from the urban solutions and satcom segment. The commercial aerospace…
Read MoreST Index inches up on Wednesday, mirroring regional indices
[SINGAPORE] The Straits Times Index (STI) closed higher on Wednesday (Jul 23), mirroring regional indices. The STI inched up 0.6 per cent or 23.02 points to 4,231.28. Across the broader market, advancers outnumbered decliners 427 to 164 after 2.4 billion shares worth S$1.7 billion changed hands. The trio of local banks closed higher on Wednesday,…
Read MoreST Index up on Wednesday, mirroring regional indices
[SINGAPORE] The Straits Times Index (STI) closed higher on Wednesday (Jul 23), mirroring regional indices. The STI rose 0.6 per cent or 23.02 points to 4,231.28. Across the broader market, advancers outnumbered decliners 427 to 164 after 2.4 billion shares worth S$1.7 billion changed hands. The trio of local banks closed higher on Wednesday, with…
Read MoreCiti targets Middle East ultra-rich with push to hire private bankers
[DUBAI] Citigroup’s private bank is planning a hiring drive for the Middle East region as part of the Wall Street giant’s global expansion of its services to the ultra-wealthy. James Holder, who assumed leadership of the unit’s Middle East operations this year, said in an interview that he aims to recruit private bankers to serve…
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