Posts by Yurie Miyazawa
Micron forecasts revenue above estimates on AI-driven memory chip demand
Published Thu, Jun 26, 2025 · 06:43 AM [SAN FRANCISCO] Micron Technology forecast fourth-quarter revenue above Wall Street estimates on Wednesday (Jun 25), betting on robust demand for its memory chips used for artificial intelligence (AI) hardware in data centres. Shares of the memory chipmaker rose 4.3 per cent in extended trading. Micron said third-quarter…
Read MoreBillionaire Richard Li’s FWD Group seeks to raise HK$3.47 billion in Hong Kong IPO
Published Thu, Jun 26, 2025 · 06:38 AM INSURER FWD Group, backed by billionaire Richard Li, is looking to raise HK$3.47 billion (S$565.3 million) through a Hong Kong initial public offering, according to a regulatory filing on Thursday. The pan-Asian insurer is offering 91.3 million offer shares in total at an offer price of HK$38.00…
Read MoreOil rebounds on signs of strong US demand
[NEW YORK] Oil prices rose nearly 1 per cent on Wednesday, recovering from a sharp slide early this week, as data showed relatively strong US demand, and as investors assessed the stability of a ceasefire between Iran and Israel. Brent crude futures settled 54 cents higher, or 0.8 per cent, at US$67.68 a barrel, while US West…
Read MoreTSMC unit to issue US$10 billion of stock to counter forex swings
The moves grant TSMC Global more capital flexibility in managing exchange rate risks Published Wed, Jun 25, 2025 · 07:14 PM [TAIPEI] Taiwan Semiconductor Manufacturing Co’s overseas unit is set to issue US$10 billion worth of new stock to shore up its forex hedging operations, making its biggest such move to counter a volatile local…
Read MoreThailand moves to recriminalise cannabis, shaking US$1b industry
[BANGKOK] Thailand’s government is moving to recriminalise cannabis, plunging into limbo an industry estimated to be worth over US$1 billion that has boomed since the substance was taken off the country’s narcotics list in 2022. The push to impose new controls on recreational use of cannabis comes after the Bhumjaithai Party, which championed its legalisation,…
Read MoreSingapore Airlines CEO’s latest annual pay drops 14% to S$7 million despite record performance
[SINGAPORE] Singapore Airlines (SIA) paid its chief executive Goh Choon Phong S$7 million in remuneration for the latest financial year ended March 31, the carrier disclosed in its annual report on Wednesday (Jun 25). This marks a 13.5 per cent decrease from the S$8.1 million package he received in FY2024. Goh’s latest remuneration consists…
Read MoreDBS, CapitaLand and more: Singapore’s long-term wealth creation set to boost local stocks, says Morgan Stanley
[SINGAPORE] As Singapore reaches its 60th birthday, Morgan Stanley said the city-state is “primed for wealth creation”. That could unlock real gains for investors, the investment bank said in a report released on Tuesday (Jun 24). Tapping its global leadership as a data, energy, finance and transport hub, combined with rapid adoption of emerging technologies,…
Read MoreTrump’s chip tariff threat sparks pushback from auto industry to tech
[WASHINGTON] Blowback to US President Donald Trump’s idea of tariffs on imported semiconductors is proving to be broad and deep, stretching from auto companies and boat makers to the technology industry and crypto enthusiasts, according to a review of more than 150 public comments on the proposal. The possible levy of up to 25 per…
Read MoreLabubu’s Pop Mart share tumble does not faze analysts, who flag company’s growth story
[SINGAPORE] Analysts are still bullish on Chinese toy company favourite – Pop Mart International Group – despite its recent share price plunge, in view of its sustained popularity as an intellectual property (IP)-centric company. The Labubu craze has sent Pop Mart’s shares up by more than 170 per cent since the start of the year,…
Read MoreOil trades on fear, not just barrels, as geopolitics and prediction markets take hold
[SINGAPORE] When even Goldman Sachs is tracking crypto-based prediction platform Polymarket to get a read on the risks facing oil markets, you know something’s shifted. On Monday (Jun 23), Goldman Sachs warned that Brent could hit US$110 a barrel if the Strait of Hormuz is blocked, citing Polymarket, showing how even prediction markets with low…
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