Posts by Yurie Miyazawa
Wing Tai subsidiary bags 99-year residential site in River Valley
WING Tai’s wholly owned subsidiary has been awarded a 99-year leasehold residential site in River Valley at the tender price of about S$464 million, and plans to build over 400 apartments there. Winchamp Investment’s win, located at the junction of River Valley Green and River Valley Road, has a permissible gross floor area of 32,527…
Read MoreAsia: Yen gains after hitting 38-year low, traders on intervention watch
THE yen edged back slightly on Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could spark another round of volatility. The Japanese unit’s latest retreat came as uncertainty surrounded the Federal Reserve’s timetable for cutting interest…
Read MoreHitachi to deploy Singtel platform for industrial AI solutions
HITACHI Digital, a subsidiary of Japanese multinational conglomerate Hitachi, will be utilising Singtel’s Paragon platform at its US facilities as part of a new collaboration. Paragon is an all-in-one orchestration platform for 5G, edge computing and cloud. It enables connectivity to the 5G network for the secure deployment of edge computing and artificial intelligence (AI) on telco…
Read MoreAustralian dollar saved by rate hike bets, bonds hammered
THE Australian dollar fell back against a strong US dollar on Thursday but held at 17-year highs on the battered yen, while domestic bonds were hammered by risks of a rate hike this year. The Aussie also jumped on the kiwi to the highest in a month as the rate outlook for their respective central…
Read MoreSingapore stocks fall at Thursday’s open; STI down 0.1%
SINGAPORE shares were trading lower at the opening bell on Thursday (Jun 27) after global equities ended mixed overnight. As at 9.01 am, the Straits Times Index (STI) fell 3.75 points or 0.1 per cent to 3,327.95. Across the broader market, losers outnumbered gainers 64 to 31 after 42.9 million securities worth S$68 million changed…
Read MoreBoeing resuming widebody airplane deliveries to China: source
BOEING is resuming widebody jet deliveries to China which were halted in recent weeks due to a Chinese regulatory review, according to a source familiar with the matter. Orders of widebody 777 and 787 planes are expected to be delivered in the coming days, the source said. Deliveries of Boeing‘s 737 MAX are set to resume as…
Read MoreBoeing faces whistleblower claims of lapses on some 787 jets
A MECHANIC who worked on Boeing’s 787 Dreamliner alleged he was retaliated against after raising concerns about a subcontractor’s work, according to a statement from attorneys representing him as a whistleblower. Mechanic Richard Cuevas claimed he observed “substandard manufacturing and maintenance practices” on the 787’s forward pressure bulkhead – a dome shaped piece located in…
Read MorePossible CEO changes at DBS, UOB should be seen as positive
While change involving a long-serving leader is tricky, the banks are well placed to handle succession CHANGE occurred at the apex of Singapore’s financial sector when Chia Der Jiun succeeded Ravi Menon as the managing director of the Monetary Authority of Singapore (MAS) early this year. Menon was the central bank’s longest serving managing director,…
Read MoreInteractive Brokers reveals US$48 million loss from NYSE glitch
INTERACTIVE Brokers on Wednesday (Jun 26) disclosed a US$48 million loss due to a glitch at the New York Stock Exchange earlier this month that at one point showed a 99 per cent drop in the stock prices of some companies, including Warren Buffett’s Berkshire Hathaway. The brokerage had filed claims with the NYSE to…
Read MoreUS: Wall Street slips as tech recovery stalls
Wall Street’s main indexes opened lower on Wednesday (Jun 26) as semiconductor and megacap stocks gave back early gains, with investors looking ahead to a crucial inflation report later in the week. The Dow Jones Industrial Average fell 49.0 points, or 0.13 per cent, at the open to 39,063.15. The S&P 500 fell 8.6 points,…
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