Posts by Yurie Miyazawa
Apple targets Sep 10 debut for new iPhones, AirPods and watches: Bloomberg
APPLE is planning its biggest product launch event of the year on Sep 10, during which it will unveil the latest iPhones, watches and AirPods, Bloomberg News reported on Friday (Aug 23), citing people familiar with the situation. The company is making preparations for that date, even though the timing has not yet been announced,…
Read MoreUS: Wall Street ends sharply higher as Powell cements September rate cut hopes
US stocks rallied on Friday (Aug 23) as dovish remarks from US Federal Reserve chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September. In highly anticipated comments before the Jackson Hole Economic Symposium, Powell said “the time has come” to lower the Fed funds target rate, and…
Read MoreUS Treasuries not the safe bet they once were, research says
NO SAFER than a bund. Or a gilt. Or an OAT. Long touted as hands-down the world’s “safe haven” securities, the behaviour of US Treasuries during and after the Covid-19 pandemic calls that label into question, suggesting they are little different from the debt issued by the likes of Germany, Britain, France, or even big…
Read MoreChinese smartphone maker Honor gets investment from China Mobile
CHINESE smartphone maker Honor said on Friday (Aug 23) it has received an undisclosed amount of investment from China Mobile’s parent company, as the former Huawei unit gears up towards an initial public offering (IPO). Honor has been receiving an “unusually” high level of support from southern China’s Shenzhen government, including funding for research and…
Read MoreSAS cabin crew go on strike in Norway, more strike action next week
Cabin crew at Scandinavian airline SAS in Norway went on strike on Friday (Aug 23) to press demands for better salaries and working conditions after wage talks broke down overnight, and hundreds more staff plan to join the strike next week, labour unions said. About 120 SAS employees joined the strike on Friday, halting a…
Read MoreEquinor halts Vietnam offshore wind plans, to close Hanoi office
NORWAY’S state-controlled energy giant Equinor has cancelled plans to invest in Vietnam’s offshore wind sector, a company spokesperson told Reuters, in a setback for the South-east Asian country’s green power ambitions. Vietnam has attracted international interest in its renewables plans because of its strong winds in shallow waters near coastal, densely populated areas, according to…
Read MoreCapitaLand China Trust manager appoints Gerry Chan as deputy CEO
He is also the current managing director of Reit investments at CapitaLand Ascott Trust’s manager CAPITALAND China Trust’s manager has appointed Gerry Chan as its deputy chief executive officer with effect from Sep 1, 2024. In a bourse filing on Friday (Aug 23), the manager said the position is executive in nature, and that Chan…
Read MoreStarhill Global Reit obtains S$50 million sustainability-linked loan
The transaction is not expected to have a material impact on the Reit’s gearing STARHILL Global Reit’s manager announced on Friday (Aug 23) that the real estate investment trust (Reit) has obtained a S$50 million loan from UOB. The Reit’s trustee entered into an agreement with the bank for a five-year unsecured sustainability-linked revolving credit…
Read MoreAsia: Stocks slip with Wall Street ahead of Powell, yen rises
ASIAN investors jockeyed for position ahead of a much-anticipated speech by Federal Reserve boss Jerome Powell later on Friday, as the dollar weakened amid speculation about how big an expected interest rate cut next month could be. There was also a focus on Tokyo, where the head of Japan’s central bank was appearing in front…
Read MoreBank of Japan’s Ueda signals readiness to raise rates if growth, inflation on track
BANK of Japan Governor Kazuo Ueda said on Friday the central bank stood ready to raise interest rates if the economy and prices move in line with its forecast, while keeping a close eye on market developments. Ueda said the BOJ would remain vigilant to market moves and their impact on the central bank’s growth…
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