Posts by Yurie Miyazawa
Possible 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,…
Read MoreHackers grow more sinister and brazen in hunt for bigger ransoms
A hack on a London hospital has left hundreds of millions of health records exposed and forced doctors to reschedule life-altering cancer treatments. In North America, a gang tried auctioning off data about LendingTree customers after finding credentials in another breach. And in the recent compromise of car-dealership software provider CDK Global, hackers took the brazen…
Read MoreKeppel Reit establishes green funding framework
It also issues A$175 million in aggregate principal amount of floating-rate green notes due 2027 under its multicurrency debt issuance programme KEPPEL Real Estate Investment Trust (Reit) has established a green financing framework that will serve as a reference for all green finance transactions it issues, the Reit’s manager said in a bourse filing on…
Read MoreFrench tech giant Atos’ top shareholder drops rescue offer
A CONSORTIUM led by the top shareholder of troubled French tech giant Atos, an IT partner for the Paris Olympics and French military, has withdrawn a rescue offer for the group, the companies said on Wednesday (Jun 26). Atos, which runs supercomputers for France’s nuclear deterrent and is also an IT provider for the Euro…
Read MoreDemand slips on latest Singapore Savings Bond with 10-year average return at 3.3%
THE latest Singapore Savings Bond (SSBs) allotted on Wednesday (Jun 26) saw a fall in the number of applications, as yields slipped from the earlier tranche. The July tranche of the Singapore government-backed bonds received a total of S$1.3 billion in applications, for the S$1.1 billion that was offered. Some S$1.2 billion were applied within…
Read MoreTencent’s ‘Dungeon & Fighter’ game dominates China’s mobile download charts
TENCENT Holdings’s newly launched Dungeon & Fighter (DnF Mobile) has got off to a strong start, dominating top-grossing charts on Apple’s iOS platform in China for nearly a month, industry data showed. The game, launched in the world’s biggest gaming market on May 21, broke the US$100 million revenue mark in just 10 days, according…
Read MoreSoftBank’s Masayoshi Son to tout AI healthcare in rare public showing
SOFTBANK Group founder Masayoshi Son will sketch out plans to bring artificial intelligence (AI) infused medical care to Japan, making a rare public appearance to drive home his resurgent ambitions in AI. Son will host a Thursday (Jun 27) panel discussion with doctors and other medical professionals on ways to harness AI within their industry,…
Read MoreGold flat as dollar, yields firm; investors seek more US data
GOLD prices were flat on Wednesday (Jun 26) as the US dollar and Treasury yields held firm ahead of a key inflation reading due later this week, which could provide more clarity on the Federal Reserve’s interest rate path. Spot gold was unchanged at US$2,319.14 per ounce, as at 0128 GMT. US gold futures were…
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