Posts by Yurie Miyazawa
Australian dance teacher on board SQ321 left paralysed from chest down
AN AUSTRALIAN dance teacher on board Singapore Airlines flight SQ321 will never be able to dance again after suffering severe spine injuries on the turbulence-hit aircraft. Kerry Jordan, 52, also told Adelaide-based newspaper The Advertiser that she cannot do all “the basic things” with her hands, such as feeding herself, brushing her teeth, changing TV…
Read MorePhilippine central bank wants inflation firmly settled near target midpoint, governor says
THE Philippine central bank wants inflation firmly settled near the middle of its 2.0 to 4.0 per cent target range, its governor said on Tuesday. “We are hawkish, but less than before,” Governor Eli Remolona told the Reuters Global Markets Forum. Remolona said the central bank is happy where inflation is going, adding policymakers were…
Read MoreBank of Japan expected to weigh bond buying cuts as rate hike timing nears
THE Bank of Japan (BOJ) is broadly expected to discuss cutting bond purchases at a policy meeting ending on Friday (Jun 7), with some investors expecting the central bank to also lay the groundwork for raising interest rates next month. Governor Kazuo Ueda and his fellow board members will keep the policy rate in a…
Read MoreApac M&A falls to 11-year low in first 5 months of 2024: London Stock Exchange
THE mergers and acquisitions (M&A) activity in the Asia-Pacific (Apac) region has declined 26 per cent year on year to an 11-year low of US$179 billion between January and May 2024, despite a rise in global M&A activity. This was dragged down by a 25 per cent decline in China M&A activity compared with the…
Read MoreSingapore shares rise at Tuesday’s open; STI up 0.2%
SINGAPORE equities began trading in positive territory on Tuesday (Jun 11), after US stocks inched up on Monday. As at 9.03 am, the Straits Times Index (STI) opened 0.2 per cent or 6.83 points higher at 3,328.91. Across the broader market, gainers outnumbered losers 68 to 40 after 47.1 million securities worth S$74.9 million changed…
Read MoreVietnam eyes greener power but banks on coal to avert blackouts
LIGHTS are off and air conditioning is down at the headquarters of Vietnam’s state-run electricity provider EVN as the country’s top power utility tries to “lead by example” to avoid a repeat of last year’s crippling blackouts, an official tells visitors. But many businesses around Vietnam’s capital Hanoi appear to be ignoring the call to…
Read MoreChip stocks lose shine as hedge funds snap up software instead
HEDGE funds made an about-face last week dumping semiconductor stocks – beneficiaries of the artificial intelligence (AI) boom – while snatching up software. Fund managers net sold US technology stocks for the third straight week, according to Goldman Sachs’s prime brokerage desk. Within tech, semiconductors and semiconductor equipment stocks were the most notionally net sold…
Read MoreTSMC’s premium over SMIC shows challenges for China’s chip fund
THE share-price gap between Taiwan Semiconductor Manufacturing Company (TSMC) and China’s biggest chipmaker is near its widest in almost two decades, highlighting the difficulty Beijing faces in building up its domestic chip industry. Bolstered in part by state-of-the-art chipmaking capabilities, TSMC has soared 48 per cent this year in Taipei while Semiconductor Manufacturing International Corporation…
Read MoreOpenAI plays minor role in Apple’s artificial intelligence event
APPLE’s partnership with OpenAI – in the works for months – was only briefly mentioned at a much-anticipated developer event on Monday (Jun 10), with the iPhone maker’s homegrown technology getting most of the focus. Apple’s keynote presentation at its Worldwide Developers Conference lasted more than an hour and 45 minutes, but only about two…
Read MoreAbbott secures FDA clearance for two over-the-counter glucose monitors
ABBOTT Laboratories said on Monday (Jun 11) the US health regulator had cleared the company’s two new over-the-counter glucose monitoring devices, expanding its presence in a fast-growing, multi-billion-US dollar market. The devices, one for the health-conscious and another for those with diabetes, follow the company’s FreeStyle Libre, which generates over US$1 billion every quarter and…
Read More