Posts by Yurie Miyazawa
CIMB customers discover zero, negative account balances; bank says core systems not compromised
CIMB Singapore said its core banking systems and customer accounts were not compromised, after some customers reported having zero or negative balances in their accounts. In a media reply on the evening of Jun 29, the bank said the glitch was due to a technical issue, without elaborating. The bank said it successfully cleared both…
Read MoreBoeing agrees deal to buy Spirit AeroSystems for over US$4 billion: sources
BOEING agreed on Sunday to acquire Spirit AeroSystems for more than $4 billion, two people familiar with the matter said, ending months of talks over a deal the US planemaker hopes will help ease a spiraling safety crisis. Boeing will pay US$37.25 per share for Spirit AeroSystems, in an all-stock deal, the two people said.…
Read MoreBinance must face bulk of US SEC crypto lawsuit, judge rules
A FEDERAL judge ruled late Friday (Jun 28) that the majority of a lawsuit filed by the US Securities and Exchange Commission (SEC) against Binance, the world’s largest cryptocurrency exchange, can proceed. The decision by judge Amy Berman Jackson of the US District Court for the District of Columbia deals a blow to Binance, which…
Read MoreOCBC-GE deal: Here’s what I got wrong
THIS column received some negative feedback after it said on Jun 17 that minority shareholders of Great Eastern might eventually get an exit offer that is higher than the current offer from OCBC, given the precedent set by the delisting of Boustead Projects at the direction of Singapore Exchange Regulation (SGX RegCo).
Read MoreCapitaLand tops buyback table; Heliconia raises stake in CSE Global
REAL estate group CapitaLand Investment (CLI) was an active buyer of its stock in the past week. From Jun 21 to 28, the company bought back 2.5 million shares over four transactions. Its purchase price ranged from S$2.64 to S$2.65, and total buyback spend was S$6.6 million. ShareInvestor data also shows CLI has spent the…
Read MoreAsia-Pacific Strategic Investments inks S$6.3 million subscription agreement with IFH Technology
CATALIST-listed Asia-Pacific Strategic Investments (AP Strategic) has entered into a conditional subscription agreement with IFH Technology for an aggregate consideration of S$6.3 million, the real estate player announced in a Saturday (Jun 29) bourse filing. Based on the agreement, inked on Jun 26, IFH Technology will subscribe for about 3.1 billion new ordinary shares in…
Read MoreWhere Have All the Chinese IPOs Gone?
Editor Note: (ART ADV: With photos.); John Liu contributed research from Seoul, South Korea. There was a time when a Chinese internet company’s initial public offering was the hottest thing on Wall Street. As the e-commerce giant Alibaba prepared to go public on the New York Stock Exchange a decade ago, the world’s biggest banks…
Read MoreDelhi airport disaster raises concern over Modi’s building spree
THE deadly roof collapse at India’s busiest airport is the latest in a string of recent infrastructure disasters in the country, raising safety questions as Prime Minister Narendra Modi spends billions of dollars to improve transportation across the country. Officials at Delhi’s airport canceled operations at Terminal 1 after an outdoor metal canopy collapsed during…
Read MoreAlaska Air returns 737 MAX 9 involved in midair blowout to Boeing
ALASKA Airlines said on Friday it has returned to Boeing the 737 MAX 9 plane that in January was involved in a midair door panel blowout. “They have taken possession of it and the registration has been changed,” an Alaska Airlines spokesperson said, adding an order for a new 737-10 has also been placed. Boeing…
Read MoreEurope: Shares post quarterly loss as markets await French elections
EUROPEAN shares gave up early gains to close lower on Friday as a drop in shares of beauty giant L’Oreal weighed, while the benchmark index clocked weekly, monthly and quarterly declines on French political uncertainties. The pan-European Stoxx 600 closed 0.2 per cent lower, extending losses to the fourth straight session. The personal and household goods sector…
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