Posts by Yurie Miyazawa
Fed’s Waller wants July interest rate cut amid rising growth, job market risks
[NEW YORK] Federal Reserve governor Christopher Waller said on Thursday (Jul 17) that he continues to believe the US central bank should cut interest rates at the end of this month amid mounting risks to the economy and the strong likelihood that tariff-induced inflation will not drive a persistent rise in price pressures. “It makes…
Read MoreChina threatens to block Panama ports deal unless its shipping giant gets stake: report
Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block Hutchison’s proposed sale of the ports Published Fri, Jul 18, 2025 · 09:01 AM [BENGALURU] China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK…
Read MoreEurope: Shares see first daily gain in five on strong earnings
[BENGALURU] European shares snapped a four-day losing streak on Thursday (Jul 16), boosted by gains in industrials ABB and Legrand after they reported positive earnings news. The pan-European Stoxx 600 index closed 1 per cent higher. Most major regional bourses also gained, with Germany benchmark DAX gaining 1.5 per cent, while France’s CAC 40 added…
Read MoreUS: Wall St opens marginally higher as markets weigh data
Published Thu, Jul 17, 2025 · 09:53 PM [NEW YORK] Wall Street opened largely steady on Thursday (Jul 17), as investors mulled over fresh economic data, while upbeat results from Taiwan’s TSMC that energised US chipmakers. At 09.31 am ET, the Dow Jones Industrial Average rose 40.95 points, or 0.09 per cent, to 44,295.73. The…
Read MoreOCBC to develop quantum applications with NUS, NTU and SMU
[SINGAPORE] OCBC will embark on research collaborations with three local universities to develop applications of quantum technology in derivative pricing, fraud detection and data security. The bank announced this during a media briefing on Thursday (Jul 17), where it signed 12-month long collaboration agreements with the National University of Singapore (NUS), Singapore Management University (SMU)…
Read MoreTaiwan’s TSMC says second quarter profit up 60%
The quarterly results follow Trump’s latest barrage of tariffs and renewed threats to impose levies on pharmaceutical products and chips Published Thu, Jul 17, 2025 · 02:22 PM — Updated Thu, Jul 17, 2025 · 04:02 PM [TAIPEI] Taiwanese chipmaking giant TSMC reported on Thursday (Jul 17) a forecast-beating 60 per cent rise in net…
Read MoreChina vows to address ‘irrational competition’ in EV sector
[BEIJING] China pledged to rein in “irrational competition” in its electric vehicle (EV) sector, reflecting authorities’ increasing urgency to tackle deflationary price wars threatening economic and industrial growth. The vow came in a State Council meeting on Wednesday (Jul 16) that was chaired by Premier Li Qiang, according to a readout published by Xinhua News…
Read Moremm2 Asia evaluating all available options, including winding up Cathay Cineplexes
[SINGAPORE] Cathay Cineplexes parent company mm2 Asia said on Thursday (Jul 17) that it is evaluating all available options to address its financial challenges, including winding up the cinema chain. The other options included continued negotiations with Cathay’s landlords, with the aim of restructuring existing obligations consensually, and restructuring the cinema’s existing obligations under a…
Read MoreCity Energy launches app-free electric vehicle charging across Singapore, Malaysia
[SINGAPORE] City Energy’s electric vehicle (EV) charging arm, Go by City Energy, on Wednesday (Jul 16) introduced the first app-free EV charging experience in Singapore. The new “AutoCharge” system will enable EV drivers to plug in and charge their vehicles, with no QR codes or logins required apart from a one-time set-up on the Go…
Read MoreWhat is Laopu Gold? Its stock soared 2,000% and now it’s opened a store in Marina Bay Sands
[SINGAPORE] Up-and-coming Chinese jewellery label Laopu Gold has made waves in the past year with both consumers and investors alike. There has been rapidly rising demand for its offerings – and a stock price that has soared more than 2,000 per cent since its blockbuster Hong Kong listing at an initial public offering price of HK$40.50…
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