Posts by Yurie Miyazawa
Paramount agrees to Skydance merger, marking end to Redstone era
Paramount Global agreed to merge with Skydance Media in a deal that hands control of the storied Hollywood studio to producer David Ellison, ending one of the industry’s most dramatic acquisitions. As part of the complicated deal months in the making, Paramount chair Shari Redstone agreed to sell her family’s National Amusements, which controls about…
Read MoreFor independent directors, how to resign from a board in the right way
WHEN the late Stephen Covey advised highly effective people to “begin with the end in mind”, little did he realise that this statement applies as much to individuals aspiring to take on the role of independent directors (IDs) on boards of companies listed on the Singapore Exchange (SGX). This is because directors may get many…
Read MoreOil posts weekly gain as hurricane, stockpile drop extend rally
OIL posted its fourth straight weekly advance, with declining US stockpiles and Hurricane Beryl extending crude’s early-summer rally. West Texas Intermediate fell to settle near US$83 a barrel on Friday (Jul 5), but still cemented a 2 per cent weekly advance. The American benchmark hasn’t risen for four consecutive weeks since August 2023. The storm…
Read MoreNvidia gets rare downgrade on valuation concerns after rally
Nvidia’s breakneck rally since the start of last year has finally run out of room to push higher, according to New Street Research analyst Pierre Ferragu. Ferragu downgraded the artificial intelligence-focused (AI-focused) chipmaker to neutral from buy, writing that the stock is “getting fully valued” after soaring 154 per cent this year, on top of…
Read MoreCapitaLand Investment’s 2023 emissions have risen, but energy efficiency improving: CSO
The company is ramping up renewable energy and efforts to track value-chain emissions EVEN as CapitaLand Investment’s (CLI) carbon emissions rose last year – in terms of direct operations and power usage – the real asset manager has been improving energy efficiency. “The overall direction (on emissions) needs to keep going down, surely. But year-on-year,…
Read MoreApple okays Epic Games marketplace app in Europe
APPLE said on Friday (Jul 5) it has approved Epic Games’ games marketplace app on iPhones and iPads in Europe, after the Fortnite maker escalated its feud with the technology giant, accusing it of hindering its efforts to set up a games store on the devices. Apple said the latest spat concerned the Epic Sweden…
Read MoreBitcoin’s lingering Mt Gox overhang leaves market in a state of suspense
THE long-anticipated distribution of around US$8 billion in Bitcoin from the failed Mt Gox exchange is leaving the crypto market in a state of suspense even after it has begun. On Friday (Jul 5), Mt Gox’s trustee announced that he “made repayments in Bitcoin and Bitcoin Cash to some of the rehabilitation creditors.” The trustee…
Read MoreUS dollar stays lower after US jobs data; euro up ahead of French election
THE US dollar index stayed slightly lower on Friday (Jul 5) after data showed US job growth slowed marginally in June while the unemployment rate rose, underscoring the view the Federal Reserve could begin cutting interest rates in September. Nonfarm US payrolls increased by 206,000 jobs last month, the Labor Department report showed. Data for…
Read MoreEpic Games says Apple stalling launch of its game store in Europe
FORTNITE maker Epic Games said on Friday (Jul 5) Apple was impeding its attempts to set up a games store on iPhones and iPads in Europe, the latest escalation in a bitter feud over the technology giant’s control of the iOS app ecosystem. Apple has twice rejected documents it submitted to launch the Epic Games…
Read MoreEramet and China’s Huayou explore EV nickel partnership in Indonesia
The Chinese manufacturer operates 2 nickel ore-processing plants in the country, with another 2 in the works FRENCH miner Eramet is exploring a partnership with Zhejiang Huayou Cobalt to produce battery-grade nickel in Indonesia, after a similar project with a European partner fell through last month. It is in talks for an ore supply agreement…
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