Posts by Yurie Miyazawa
From sails to wings: Maritime players innovate on fuel efficiency
ROTATING sails, hybrid boats and vessels inspired by birds – these are some of the innovations that Singapore-listed companies are deploying to improve the energy efficiency of maritime transportation as the shipping industry aims to lower its emissions and reach net zero “by or around” 2050. Greener fuels such as ammonia and methanol are gaining traction.…
Read MoreAs default rates rise, better metrics are needed to help private credit investors
AVOIDING losses is key when investing in private credit, but navigation can be tricky given a general lack of data as well as a lack of standardised metrics. Initiatives are underway to address this, but the higher-for-longer interest-rate environment means investors should pay more attention to default risks and think about diversification. “Transparency is key…
Read MoreMAS, CAD investigating Seatrium on potential offences in Brazil bribery case
Seatrium said it had been informed on Friday evening (Jun 14) that the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) are conducting a joint investigation into offences potentially committed by the company and/or its officers. The potential offences are related to a decade-old bribery case in Brazil infamously dubbed “Operation Car…
Read MoreMeta delays AI chatbot launch in Europe after regulator pushback
Facebook parent company Meta Platforms will delay its launch of the Meta artificial intelligence (AI) chatbot in Europe after regulators on the continent requested the company pause its plan to train its large language models with posts from users there. On Monday (Jun 10), Meta announced its intention to start training its LLM, called Llama,…
Read MoreFirst Bitcoin ETF to list on Australia’s bourse in global wave
An exchange-traded fund (ETF) investing directly in Bitcoin will list on Australia’s main stock market for the first time, kicking off another wave of such listings after similar products began trading in the US and Hong Kong. Exchange operator ASX, which handles the bulk of the country’s stock trading, has approved the VanEck Bitcoin ETF…
Read MoreGoldman Sachs boosts S&P 500 target on upbeat profit outlook
Goldman Sachs Group strategists have boosted their year-end target for the S&P 500 Index for a third time, reflecting Wall Street’s optimistic outlook for earnings growth and the US economy. The bank’s equity strategists led by David Kostin now see the US stock benchmark index finishing the year at 5,600, up from a 5,200 level…
Read MoreFed’s Mester sees inflation risks to upside despite better data
Federal Reserve Bank of Cleveland President Loretta Mester said she still sees inflation risks as tilted to the upside despite welcome news in the latest data. Mester, speaking in print and television interviews Friday at Bloomberg’s New York office, also said the median projection of policymakers’ latest forecasts – which signalled just one interest-rate cut…
Read MoreOil dips, but posts weekly gain on solid 2024 demand outlook
Oil futures prices settled slightly lower on Friday (Jun 14) after a survey showed deteriorating US consumer sentiment, but prices rose 4 per cent for the week as investors weighed forecasts for solid demand for crude oil and fuel in 2024. Brent crude futures settled down 13 cents at US$82.62 a barrel, while West Texas…
Read MoreShanghai allows Tesla to carry out Full Self-Driving pilot
SHANGHAI is allowing 10 Tesla vehicles to carry out tests of the company’s most advanced autonomous driving software to pave way for its rollout in China, local-government-backed The Shanghai Observer said on Friday (Jun 14). A successful rollout of its Full Self-Driving (FSD) software would allow Tesla to better compete with local rivals in China,…
Read MoreUS: Stocks slip as markets eye cautious Fed
WALL Street’s main indexes opened lower on Friday (Jun 14), with investors pausing after strong rallies on the S&P 500 and the Nasdaq, as they weighed hawkish Federal Reserve projections against the backdrop of a cooling economy.
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