Posts by Yurie Miyazawa
LG Energy Solution aims to raise up to US$2 billion in US dollar bond deal: sources
SOUTH Korean battery maker LG Energy Solution aims to raise up to US$2 billion in a three-tranche US dollar bond deal, said two sources with direct knowledge of the matter. The deal will consist of a three-year tranche alongside five- and 10-year green bonds, showed the term sheet, which did not outline the size of…
Read MoreFormer YuuZoo CEO fined S$35,000 for misleading financial statements
FORMER YuuZoo Corporation chief executive James Matthew Somasundram was fined S$35,000 for negligence in relation to overstating revenue of S$13.3 million for the first quarter of 2016’s results. Somasundram pled guilty to the second of four charges relating to the Securities and Futures Act for misleading financial statements. The other three charges of overstating revenue…
Read MoreFormula 1 and Amazon aim for AI-powered ‘personalised’ race viewing
AT THE Spanish Grand Prix on Sunday (Jun 23), Formula 1 (F1) plans to debut a new artificial intelligence (AI) “Statbot” with Amazon.com, whose executives described plans for AI-powered personalised broadcasts to keep viewers hooked. The Statbot will trawl race archives and parse torrents of real-time racing data to feed context and trivia to broadcast…
Read MoreSIA to launch daily flights to Beijing Daxing International Airport in November
The addition of this airport will raise the number of mainland China destinations in the SIA network to 24 SINGAPORE Airlines (SIA) will launch daily flights between Singapore and Beijing Daxing International Airport in November, it said on Monday (Jun 24). The new SQ810 service will operate daily on the national carrier’s Boeing 787-10 aircraft,…
Read MoreNvidia sales grow so fast that Wall Street can’t keep up
NVIDIA is the most expensive stock in the S&P 500 Index, with its shares trading for roughly 23 times the company’s projected sales over the next 12 months. But there’s a problem with that valuation. In the age of the artificial intelligence (AI) boom, no one can figure out what the chipmaker’s revenues are actually…
Read MoreSingapore shares open muted on Monday; STI down 0.01%
SINGAPORE equities were muted at the opening bell on Monday (Jun 24), echoing sentiments on Nasdaq where chipmaker Nvidia closed 3.2 per cent down on Friday, the second day running its share price fell. As at 9.01 am, the Straits Times Index (STI) opened 0.01 per cent or 0.18 point lower at 3,305.84. Across the broader…
Read MoreIReit Global loses main tenant of Berlin Campus
A LONG-TERM main tenant of IReit Global’s Berlin Campus,will not be extending its lease, which is due to expire on Dec 31, 2024. On Monday (June 24), the real estate investment trust (Reit) manager said the tenant’s lease contributed about 20 per cent of the Reit’s total gross income. It added that the tenant, German…
Read MoreIndonesia’s bonds hit hardest in Asia as state debt risks grow
INDONESIA state-run power utility’s dollar bonds have suffered the most in Asia over the past two weeks due to rising concerns about the nation’s debt. This has pressured local borrowers, who face US$6 billion in maturities through the end of 2025. Six of the 10 biggest decliners in the Asia ex-Japan dollar bond market in…
Read MoreRussia offers to help Vietnam develop nuclear energy: report
RUSSIA offered to help Vietnam develop nuclear power plants during President Vladimir Putin’s trip to Hanoi, Alexei Likhachev, head of the Russian state nuclear firm Rosatom told RIA agency in remarks published on Monday (Jun 24). Likhachev, who was part of Putin’s entourage during his visit to Vietnam last week, said that he had made…
Read MoreExxonMobil’s Belgium traders decline UK transfer, risking jobs
MORE than two dozen of ExxonMobil’s trading staff declined the oil giant’s offer to transfer to London from Belgium, putting their jobs at risk, according to a union official. A majority of the traders — 25 out of 36 — declined to relocate, according to Fransy Van de Gucht of the ACLVB union. “Those 25…
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