Posts by Yurie Miyazawa
Japanese authorities inspect Toyota HQ over certification irregularities
OFFICIALS from Japan’s transport ministry launched an on-site investigation at Toyota Motor’s headquarters on Tuesday (May 4) after irregularities were found in its applications to certify certain models. The widening fallout over vehicle certification tests stem from a safety test scandal at Toyota’s Daihatsu compact car unit and has spread to other Japanese automakers. But…
Read MoreSingapore shares down at Tuesday’s open; STI falls 0.1%
SINGAPORE equities began trading in negative territory on Tuesday (Jun 4), following mixed performances from US stocks as investors tried to shake off economic concerns. As at 9.01 am, the Straits Times Index (STI) opened 0.1 per cent or 4.34 points lower at 3,344.53. Across the broader market, losers outnumbered gainers 42 to 40 after…
Read MoreHedge fund Dymon expands central Hong Kong office, bucking trend
HEDGE fund firm Dymon Asia Capital is expanding in Hong Kong’s central business district, at a time when the city is seeing record premium office vacancies and declining rental rates. Dymon has signed a lease for a 7,000 square-foot (650 square-metre) office in Edinburgh Tower in the Landmark commercial complex owned by Hongkong Land Holdings,…
Read MoreMaersk faces significant port congestion in Asia, Mediterranean
MAERSK faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said on Monday (Jun 3). As a result of that congestion, the world’s second-largest container shipping company, will skip two westbound sailings from China and South Korea that had been planned to depart in…
Read MoreMicrosoft to lay off hundreds at Azure cloud unit, Business Insider reports
MICROSOFT is cutting hundreds of jobs at its Azure cloud unit, Business Insider reported on Monday (Jun 3), adding to a flurry of layoffs seen in the technology and media industries this year. The layoffs will impact teams including Azure for Operators and Mission Engineering, according to the report. The Azure for Operators layoffs involve…
Read MoreIndonesia law giving religious groups mining permits sparks outrage
A new law allowing the Indonesian government to grant permits to religious organisations to operate mines has outraged environmentalists in the world’s leading nickel producer. Outgoing President Joko Widodo, popularly known as Jokowi, signed a decree on Thursday (May 30), opening the path for religious groups to manage concessions to “improve social welfare”. But a…
Read MoreNYSE Equities investigating technical issue regarding LULD bands
NYSE Equities said on Monday (Jun 3) it was currently investigating a reported technical issue regarding Limit Up-Limit Down (LULD) bands, sending dozens of stocks listed on the exchange into volatility pauses. The LULD mechanism is meant to prevent trades in securities from occurring outside of price bands. The bands are set at a percentage…
Read MoreNYSE resolves glitch that led to volatility pause for dozens of stocks
NYSE Equities said on Monday (Jun 3) it had resolved a reported technical issue regarding Limit Up-Limit Down (LULD) bands that sent dozens of stocks, including Berkshire Hathaway and Chipotle Mexican Grill, into volatility pauses. The impacted stocks have since reopened or are in the process of reopening and the price bands issue has been…
Read MoreAirline body Iata calls for airline taxation to remain in carriers’ headquartered country
THE United Nations should not change a convention on how global airlines are taxed, the International Air Transport Association (Iata) said on Monday (Jun 3), cautioning that doing so would add complexity and cost, and might cause routes to be scrapped. A United Nations committee on tax is considering taxing airlines in the countries where…
Read MoreSpotify raises US prices of its premium plans in margin push
SPOTIFY raised prices for its premium plans in the US on Monday (Jun 3), the latest step by the Swedish music-streaming service in its push to increase margins. On a monthly basis, Spotify has raised prices of its individual plan to US$11.99 from US$10.99, duo plan to US$16.99 from US$14.99 and its family plan to…
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