Posts by Yurie Miyazawa
Airbus hits US$21 billion orders at Paris Air Show as Boeing focuses on India crash
[PARIS] Airbus secured more aircraft orders on Wednesday, raising its total to US$21 billion at this week’s subdued Paris Air Show, while rival Boeing opted not to announce new sales following last week’s Air India 787 crash. Airbus firmed up an order for 10 long-haul jets from Taiwan’s Starlux Airlines in a boost for the European planemaker…
Read MoreEurope: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the Middle East adding to market uncertainty. The pan-European Stoxx 600 index closed 0.36 per cent down at 540.33, at a near one-month low. The hostilities between Iran and Israel extended to a sixth day, with fears of a…
Read MoreSats prices US$100 million in fixed-rate notes at 4.648%
[SINGAPORE] In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per cent. The Series 003 notes will be issued by Sats’ US$3 billion multicurrency debt issuance programme established in November 2023 and updated last year. They are expected to be issued on…
Read MoreInside Wilmar’s graft probe: How a cooking oil crisis led to a multitrillion rupiah corruption scandal
[SINGAPORE] Indonesian authorities in May seized 11.8 trillion rupiah (S$928 million) from global palm oil company Wilmar as part of an ongoing corruption case involving allegations of bribery to obtain palm oil export permits in 2022. The company, founded by Singaporean tycoon Kuok Khoon Hong, stands accused of earning unauthorised profits by evading state-imposed export…
Read MoreMeta offered US$100 million bonuses to poach OpenAI employees: CEO Altman
[NEW YORK] Meta offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative AI teams, the startup’s CEO, Sam Altman, has said. Facebook’s parent company – a competitor of OpenAI – also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman…
Read MoreCEO’s wealth hits US$33 billion as unprofitable Chinese medicine firm’s stock soars
[NEW YORK] A blistering rally in a tiny, money-losing traditional Chinese medicine company’s stock has vaulted its founder’s net worth to among the world’s largest fortunes. The firm, Hong Kong-based Regencell Bioscience Holding, was for all intents and purposes trading as a microcap stock on the Nasdaq just eight weeks ago. But its shares have…
Read MoreChina’s rare earth exports slump in May as magnet sales curbed
The data for last month shows the extent to which export controls in place since early April had curbed shipments Published Wed, Jun 18, 2025 · 03:29 PM [BEIJING] China’s exports of rare earth products – including powerful magnets now at the heart of tensions with the US – slumped to a fresh five-year low…
Read MoreChina will hike quota for investors buying overseas assets
The move follows a period of relative calm in the value of the yuan against the US dollar, fuelled by growing questions about the greenback’s place in the global trading system Published Wed, Jun 18, 2025 · 01:24 PM [BEIJING] China will allow some local investors to put more of their money into overseas assets,…
Read MoreChina car trade-in subsidy halted in some areas as funds run low
[HONG KONG] China’s trade-in subsidy to boost sales of electric and fuel-efficient vehicles has been suspended in key cities across at least six provinces as funds run short and officials scrutinise the prevalence of ‘zero-mileage’ used cars. Cities in provinces including Guangdong, Henan and Zhejiang have suspended the programme, which gives consumers up to 20,000…
Read MoreWilmar International down 4% after Indonesian authorities seize 11.8 trillion rupiah from Wilmar Group in graft case
[SINGAPORE] Shares of Wilmar International fell on Wednesday (Jun 18) morning after Indonesian authorities seized 11.8 trillion rupiah (S$928 million) from its parent company Wilmar Group in a palm-oil graft case. As at 9.08 am, the counter was trading at S$2.89, down S$0.12 or around 4 per cent from Tuesday’s closing price of S$3.01, with 4.9…
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