Posts by Yurie Miyazawa
Nissan, Honda consider partnering on software, charging infrastructure: Nikkei
JAPANESE automakers Nissan Motor and Honda Motor are considering using standardised automotive software and working together on electric vehicle (EV) charging, the Nikkei newspaper said on Thursday (Jul 4), steps that could reduce their costs. Nissan and Honda said in March that they were considering a strategic partnership on producing EV components as they seek…
Read MoreBrokers’ take: Lim & Tan positive on Mermaid Maritime’s growth outlook; initiates with ‘buy’
LIM & TAN Securities initiated coverage on marine logistics company Mermaid Maritime with a “buy” call and a target price of S$0.30 on Wednesday (Jul 3). The target price implies a price-to-earnings (PE) ratio of 12.5 times, representing a 15 per cent discount to its peers’ PE estimates of 14.7 times. The initiation came…
Read MoreHitachi is ready to spend big on AI, green energy, CFO says
HITACHI is ready to spend hundreds of millions of dollars on acquisitions, as it seeks to bolt on new businesses after spending a long period shedding non-core units and strengthening its balance sheet. The focus will be on green energy and generative artificial intelligence, chief financial officer Tomomi Kato said in an interview on Wednesday,…
Read MoreGold ticks higher after weak data fuels US rate cut bets
GOLD prices drifted higher on Thursday (Jul 4), after softer-than-expected US economic data added to hopes that the Federal Reserve could cut interest rates in September. Spot gold rose 0.1 per cent at US$2,357.59 per ounce, as at 0030 GMT after hitting a near two-week high in the previous session. US gold futures lost 0.2…
Read MoreGlobal markets on alert for possible Joe Biden exit as Donald Trump-win trades mount
THE red-hot Washington debate over whether US President Joe Biden will scrap his run for re-election is spilling into Wall Street, where traders are shifting money to and from the US dollar, Treasuries and other assets that would be impacted by Donald Trump’s return to office. The recalibration of portfolios kicked off at the end…
Read MoreSingapore shares open higher on Thursday; STI up 0.5%
SINGAPORE equities continued their rally on Thursday (Jul 4) morning after global markets booked strong gains overnight. As at 9.01 am, the Straits Times Index (STI) climbed 16.71 points or 0.5 per cent to 3,432.22. Across the broader market, gainers outnumbered losers 77 to 24 as 48.1 million securities worth S$96.4 million changed hands. Thai…
Read MoreAmericans look past fuel cost, bad weather to set July Fourth travel record
HIGH fuel costs and the threat of a hurricane are not expected to dampen Americans’ desire to hit the road this summer, with vacationers preparing for record travel to kick off Fourth of July holiday festivities. Motorist group AAA expects a record of almost 71 million people to travel around the US Independence Day holiday,…
Read MoreJeff Bezos to sell Amazon shares worth about US$5 billion after stock hits record high
AMAZON founder and executive chair Jeff Bezos is planning to sell almost US$5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit a record high. The proposed sale of 25 million shares was disclosed in a notice filed after market hours on Tuesday (Jul 2). The stock had…
Read MoreLG sees battery breakthrough by 2028 that has eluded Tesla
LG ENERGY Solution is aiming to commercialise what’s been described as a game changing battery-making technology by 2028, opening a path for the South Korean cell manufacturer to become more competitive with Chinese rivals. Companies from Tesla to Samsung SDI are working on dry-coating technology, a process that aims to replace the energy-intensive wet process…
Read MoreSingapore data centre industry likely to focus on AI niche for computational efficiency: experts
With the government’s latest road map, data centres will be better placed to serve higher-value workloads THE limited capacity in the data centre sector is likely to push the local data centre industry towards higher-value artificial intelligence (AI) use cases. Experts such as Bain & Company partner Kiran Karunakaran expect the nation to take the lead in…
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