Posts by Yurie Miyazawa
AI deals lift US venture capital funding to highest level in two years, data shows
US VENTURE capital funding surged to US$55.6 billion in the second quarter, marking the highest quarterly total in two years, according to PitchBook data published on Wednesday (Jul 3). The latest figure shows a 47 per cent jump from the US$37.8 billion US startups raised in the first quarter, largely driven by significant investments in…
Read MoreFord’s Q2 sales slow as industry reels from CDK cyberattack
The outage at retail technology and software provider CDK in late June, a crucial selling period, affected sales Ford reported slower sales growth for the second quarter on Wednesday (Jul 3) as the US auto industry reels from a cyberattack that impaired a key software system used at dealerships. The Detroit automaker sold 536,050 vehicles…
Read MoreSingapore’s banking trio swells to 45% of Straits Times Index after recent run-up
This comes after the share prices of DBS and OCBC hit new highs, with DBS comprising about a fifth of the benchmark index’s market cap AFTER a strong performance this year and an even more spectacular run-up this week, the three local banks are increasingly dominating Singapore’s benchmark index. The proportion of the market capitalisation…
Read MoreChina Vanke-linked wealth products miss payments deadline
A CHINESE online financing company has failed to pay investors who bought equity-backed products partially underpinned by projects linked to China Vanke, according to people familiar with the matter. Shenzhen-based Penging, which is partially owned by Vanke, used revenue from real estate projects related to the developer as underlying assets for products it then sold…
Read MoreBanks continue to lead gains on Wednesday; STI up 1.4%
The local banking trio extend their gains from Tuesday to hit new record highs, as investors remain positive on the sector SINGAPORE shares ended higher on Wednesday (Jul 3), led by continued gains in Singapore bank stocks. The benchmark Straits Times Index (STI) rose 1.4 per cent or 47.61 points to 3,415.51. Across the broader…
Read MoreFreeport Indonesia secures copper concentrate export permit
COPPER miner Freeport Indonesia has secured an export permit for copper concentrate for the rest of year, spokesperson Agung Laksamana said on Wednesday (Jul 3), without elaborating on the export volume. Indonesia said it would allow Freeport to continue exporting copper concentrate for the rest of the year until its new smelter reaches full capacity,…
Read MoreApple seeks to scrub ‘dominance’ from China antitrust app ruling
APPLE is seeking to get a Chinese court to alter its written ruling in a lawsuit the iPhone maker won, an unusual move that underscores the sensitivity of the US company’s position in the world’s largest smartphone arena. Apple has filed a petition asking the Supreme People’s Court to make tweaks to select sentences in…
Read MoreWhat comes next for SIA?
In this issue:
Read MoreSingapore’s value creation conundrum
In this issue:
Read MoreGold flat as investors focus on Fed minutes
GOLD prices were flat on Wednesday (Jul 3) as investors awaited minutes of the Federal Reserve’s last policy meeting for fresh cues on when the US central bank will start cutting interest rates. Spot gold was nearly unchanged at US$2,329.66 per ounce, as at 0152 GMT. US gold futures gained 0.2 per cent to US$2,338.70. …
Read More