Posts by Yurie Miyazawa
Rebound in Chinese stocks sparks rush of firms to raise funds
CHINESE companies are rushing to take advantage of a recent equities rebound to raise funds, using what may be a narrow window before the market falters again. Mining company MMG proposed a rights offering in Hong Kong to raise HK$9.08 billion (S$1.6 billion), while Yankuang Energy Group is eyeing US$634 million in a shares…
Read MoreBritish Airways to hire 350 staff to avoid Heathrow summer chaos
British Airways will increase staffing at its hub in London’s Heathrow Airport by 5 per cent to minimise the risk of any disruption in the peak summer season. The carrier, owned by IAG, expects this summer to be its busiest since the pandemic and will hire about 350 new workers to fill customer service…
Read MoreTesla’s China-made EV sales extend decline in May amid output cut
SALES of Tesla’s China-made electric vehicles dropped 6.6 per cent from a year earlier to 72,573 units in May, extending a year-on-year decline for a second month, data from the China Passenger Car Association (CPCA) showed on Tuesday (Jun 4). The slide came after an 18 per cent fall in April that reversed a 0.2…
Read MoreHSBC to open 3 wealth centres in Singapore by Q1 2025 as part of pivot to wealth banking
HSBC plans to open three wealth centres in Singapore by the first quarter of 2025, as part of its strategy to build its international and wealth propositions. The bank is increasing its investments fivefold in its physical network, as it pivots its branches into wealth centres “to facilitate comprehensive wealth conversations with clients”, it…
Read MoreTSMC’s new chairman affirms hopes of AI-fuelled 2024 recovery
TAIWAN Semiconductor Manufacturing Co’s C C Wei, who on Tuesday (Jun 4) became the first person to hold the dual roles of chairman and chief executive officer in years, reaffirmed expectations for AI development to drive a 2024 industry recovery. Wei, who was formally appointed the company chairman on Tuesday, stuck with previous projections for…
Read MoreSIA to establish commercial partnership with Riyadh Air
SINGAPORE Airlines : C6L 0% (SIA) has inked a memorandum of understanding (MOU) for a new partnership with Saudi Arabia’s Riyadh Air, a new airline due to be commercially operational in 2025. Under the MOU, both carriers will explore opportunities for interline connectivity on each other’s services while also working on potential areas of commercial…
Read MoreCAAS, Iata to develop sustainable aviation fuel registry
The Civil Aviation Authority of Singapore (CAAS) will collaborate with the International Air Transport Association (Iata) to develop a globally recognised sustainable aviation fuel registry, accelerating the adoption of such alternative fuels in Singapore. Expected to launch in the first quarter of 2025, the platform will track, record and account for the emission reductions from…
Read MoreIndian stocks lose US$386 billion as polls tighter than forecast
India’s stocks market plummeted, erasing US$386 billion in market value, as tallies signalled that Prime Minister Narendra Modi’s ruling party was struggling to win a majority of seats in national elections, a stunning result after exit polls showed he was on pace for a landslide victory. The NSE Nifty 50 Index tumbled 5.9 per cent…
Read MoreIntel battles AMD with new data centre chips
INTEL launched its next generation Xeon server processors on Tuesday (Jun 4), as it looks to claw back data centre market share and revealed that its Gaudi 3 artificial intelligence (AI) accelerator chips would be priced much lower than its rivals’ chips. The sixth generation Xeon chips are crucial for Intel, which has been steadily…
Read MoreLearn how to invest smartly from the experts at Mark to Market ‘Live’ 2024
The global investment landscape has never felt more like a churning sea. Ongoing geopolitical tensions, the upcoming US elections and tech disruptions are sending shockwaves through the stock market, leaving many investors perhaps feeling a little lost at sea. So how can you protect your hard-earned capital during these turbulent times? Where are the hidden…
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