Posts by Yurie Miyazawa
Japan corporate cleanup fuels appetite for record debt sales
CORPORATE governance reforms that have underpinned a nearly US$2 trillion rally in Japanese stocks are increasing the draw for investors in credit. Japanese corporate US dollar bonds have been outperforming US peers, and borrowers have piled into the market with record issuance in recent months. Improved governance scores are helping to burnish the country’s credit…
Read MoreAirbus to restructure Space Systems as consolidation talks continue
AIRBUS is drawing up a turnaround plan for its struggling Space Systems business, industry sources said, without waiting for the outcome of European consolidation talks that include Italy’s Leonardo as well as France’s Thales. Airbus also hopes to complete a separate Space Systems strategy review in the fourth quarter as it reels from 1.5 billion…
Read MoreKeppel Reit reports 3.4% lower H1 DPU of S$0.028 amid higher borrowing costs
KEPPEL Reit’s distribution per unit (DPU) fell by 3.4 per cent to S$0.028 for its first half-year ended June, from S$0.029 the year before. Property income was up 8.9 per cent year on year at S$125.1 million for H1, from S$114.9 million. Net property income (NPI) grew 7.7 per cent to S$96.8 million from S$89.9…
Read MoreInstagram to let users create custom chatbots for their profiles
INSTAGRAM parent Meta Platforms will let users create their own artificial intelligence (AI) powered chatbots and add them to their profiles, an effort to court creators and further integrate the company’s AI software into its most popular consumer products. The feature, called AI Studio, lets creators with professional accounts make a custom AI chatbot that…
Read MoreNvidia releases software, services to boost rapid adoption of AI
NVIDIA, the world’s most valuable chipmaker, announced a raft of updates to its software offerings that aim to make it easier for a wider variety of businesses to use generative artificial intelligence (AI). The chip company officially released what it calls NIMs, or Nvidia inference micro services, which are software packages that take care of…
Read MoreLMIRT posts 9.2% fall in Q2 net property income; distributions still withheld
LIPPO Malls Indonesia Retail Trust (LMIRT) posted a 9.2 per cent drop in net property income (NPI) to S$29.4 million for the second quarter ended Jun 30, amid a challenging interest rate and foreign exchange rate environment. The trust also withheld distributions to unitholders and perpetual securities holders in the quarter, as it has done…
Read MoreCordlife director Zhai Lingyun arrested in connection with potential breaches of disclosure obligations
The board is in the process of identifying additional independent directors who can guide the management on effectively rectifying the company’s lapses ANOTHER Cordlife director has been arrested in relation to alleged breach of disclosure obligations. A bourse filing by the private cord-blood bank on Monday (Jul 29) said that Zhai Lingyun attended an interview…
Read MoreCapitaLand India Trust posts 8.3% rise in H1 DPU to 3.64 cents
CAPITALAND India Trust (Clint) saw an 8.3 per cent increase in distributions per unit to 3.64 Singapore cents for the half year ended Jun 30, thanks to growing rental income and occupancy. The trust’s total property income grew 23.2 per cent to S$136.1 million, while net property income was up 20.9 per cent to S$103.5…
Read MoreReits gain as investors cheer US inflation report; STI up 0.5%
SINGAPORE stocks ended Monday (Jul 29) in positive territory, as investors took stock of a robust US inflation print. The benchmark Straits Times Index (STI) climbed 0.5 per cent or 17.71 points to 3,444.18. Across the broader market, advancers outnumbered decliners 314 to 264, with 1.2 billion securities worth S$1.1 billion changing hands. Jonathan Woo,…
Read MoreChina to stop publishing daily global stock flows in mid-August
CHINA is taking a further step to obscure information about overseas funds going into and out of its sagging stock market by saying it will stop publishing daily flows data in the middle of August. The decision to cease publishing the end-of-day data on the flows via Hong Kong was flagged back in April when…
Read More