Posts by Yurie Miyazawa
Singapore to add at least 300 MW in data centre capacity, potentially more with green energy
SINGAPORE aims to provide at least 300 megawatts (MW) of additional capacity for data centres in the near term – with more that could be added for operators who tap green energy. This is part of the Green Data Centre Roadmap, a new plan to develop sustainable data centres in the city-state, said Deputy Prime…
Read MoreChina companies rush to hike dividends, buy back shares in Japan-style reform
CHINESE-LISTED companies are rushing to buy back shares and lift dividends as they respond to regulators’ calls that echo reform efforts in Japan and South Korea, driving a welcome rally even if investors doubt that broader governance changes are afoot. China-listed firms announced record cash dividends totalling 2.2 trillion yuan (S$405.8 billion) for 2023 despite…
Read MoreStocks to watch: Sats, OCBC, IHH Healthcare, Straco, iFast
THE following companies saw new developments that may affect trading of their securities on Thursday (May 30):
Read MoreApple signals that it’s working on TV+ app for Android phones
APPLE is seeking a senior engineer to help build a television and sports app for Android, a sign the company is finally bringing its TV+ service to the rival smartphone platform. In a job listing published recently, Apple said it’s looking for someone to lead the development of “fun new features” and “help build an…
Read MoreViews on US economy ‘more pessimistic’ as uncertainty grows: Fed
OUTLOOKS on the US economy have become gloomier with reports of rising uncertainty and worries over risks, even though growth broadly continued recently, the Federal Reserve said on Wednesday. The views come as discretionary spending cooled and consumers became more sensitive to costs in recent weeks, while job gains were largely modest to negligible, the…
Read MoreMusk’s US$56 billion pay package opposed by CalPERS: CNBC
CALIFORNIA Public Employees’ Retirement System’s (CalPERS) CEO, Marcie Frost, said the agency plans to oppose Tesla chief executive Elon Musk‘s US$56 billion pay package, CNBC reported on Wednesday. “We do not believe that the compensation is commensurate with the performance of the company,” Frost said in an interview with CNBC. CalPERS is among the top 30…
Read MoreSalesforce drops on first-ever single digit sales growth outlook
SALESFORCE dropped about 16 per cent in extended trading after the software maker said sales growth in the current quarter will stall to the slowest in its history, fuelling concerns about the company’s ability to stay relevant as the industry shifts towards artificial intelligence (AI) tools. Revenue will rise as much as 8 per cent…
Read MoreShopee will need to defend its in-house logistics advantage
SHOPEE’S efforts to grow its in-house logistics arm appear to be bearing fruit, with the e-commerce platform boasting efficiency gains in its delivery and fulfilment in its latest earnings. This came on the back of a record high in quarterly revenue for Shopee. But the battle is far from over. Investors will need to watch…
Read MoreChina 2024 rare earths quota growth set to slow amid supply glut
RARE earth quotas in China, which the world’s top producer uses to control supply, are set to rise at a much slower rate this year amid a supply glut, industry participants said on Wednesday (May 29). Rare earths are a group of 17 elements used in products as varied as lasers, military equipment, magnets for…
Read MoreIndia’s Tata Steel Q4 profit falls on lower prices, restructuring expenses
INDIA’S Tata Steel reported a fall in fourth-quarter profit on Wednesday (May 29), pressured by lower steel prices and restructuring expenses on some of its loss-making operations. The country’s second-biggest steelmaker by market cap said its consolidated net profit fell 64 per cent to 6.11 billion rupees (S$98.9 million) in the three months ended Mar…
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