Posts by Yurie Miyazawa
PNC taps Coinbase to create crypto trading offering for bank customers
The banking industry has fiercely resisted accusations that it denies services based on ideological reasons Published Wed, Jul 23, 2025 · 02:17 PM [NEW YORK] PNC Bank is working with cryptocurrency exchange Coinbase to offer crypto trading to the bank’s customers, the companies said on Tuesday (Jul 22), in a sign that crypto is moving…
Read MoreJapan 40-year bond auction sees weakest demand ratio since 2011
The sale comes after Japanese Prime Minister Shigeru Ishiba’s ruling coalition failed to win a majority in the upper house at a vote on Sunday Published Wed, Jul 23, 2025 · 12:29 PM [TOKYO] Japan’s 40-year government bond auction saw its weakest demand since 2011 amid concerns over government spending and after the US and…
Read MoreAsia: Tokyo’s Nikkei leads rally after Japan-US trade deal
[HONG KONG] Tokyo stocks rallied with the yen on Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump’s tariffs, including those on the crucial car sector. Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries…
Read MoreDFI Retail Group jumps 12.7% to three-year high on H1 profit growth
[SINGAPORE] Shares of DFI Retail Group climbed in early trade on Wednesday (Jul 23) morning, after the supermarket and retail store operator posted higher underlying profit for H1. As at 9.02 am, the counter rose to US$3.56, its highest price in more than three years. This was 12.7 per cent or US$0.40 above its Tuesday…
Read MoreBlackRock restricts use of company devices for China travel
Global banks have scaled back their presence in the world’s second-largest economy in the past few years amid slowing economic growth and escalating trade disputes. Published Wed, Jul 23, 2025 · 08:47 AM [HONG KONG] BlackRock has told staff travelling to China for business trips to use temporary loaner phones and not to bring company…
Read MoreVietnam stocks near record on reform hopes, trade deal optimism
[SINGAPORE] Vietnam’s stock benchmark is closing in on a record high, fuelled by optimism over sweeping political reforms and clarity on a trade deal with the US. The government is undertaking its biggest administrative overhaul in decades to shrink bureaucracy as Prime Minister Pham Minh Chinh pushes for more than 8 per cent economic growth…
Read MoreBYD’s Pakistan JV sees government support as critical for EVs
The company is looking to the country to help it continue to grow even as its monthly sales have stagnated recently in China Published Wed, Jul 23, 2025 · 07:31 AM [KARACHI] BYD’s joint venture (JV) in Pakistan sees government support for electric vehicles (EVs) as key to the success of its plan to start…
Read MoreTrump tariffs take US$1-billion bite out of GM earnings, shares fall
[BENGALURU] General Motors’ (GM) second-quarter earnings took a US$1.1-billion hit from tariffs, but the automaker still beat analyst expectations for the period on Tuesday (Jul 22), supported by strong sales of its core petrol trucks and SUVs. The largest US automaker by sales said it expects the tariff impact to worsen in the third quarter…
Read MoreMicrosoft offers some salespeople extra pay following layoffs
In recent months, the company has terminated some 15,000 people in two rounds of major layoffs Published Wed, Jul 23, 2025 · 06:14 AM [NEW YORK] Microsoft, fresh off a round of layoffs impacting its salespeople, is offering bonuses to some survivors. Additional pay for the fiscal year that just ended will go to workers…
Read MoreLockheed Martin’s Q2 profit plummets on US$1.6 billion charge
[WASHINGTON] Lockheed Martin reported on Tuesday (Jul 22) that its second-quarter profit plunged by about 80 per cent, after the US defence giant recorded pre-tax losses of US$1.6 billion, mainly linked to a classified programme within its Aeronautics segment. Net income fell to US$342 million, or US$1.46 per share, compared with US$1.64 billion, or US$6.85…
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