Posts by Yurie Miyazawa
Meta 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…
Read MoreWilmar International down 4% after Jakarta’s seizure of 11.8 trillion rupiah from Wilmar Group in graft case
[SINGAPORE] The shares of Wilmar International fell on Wednesday (Jun 18) morning after the 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,…
Read MoreGold steady as Middle East tensions rise, Fed decision on tap
[BENGALURU] Gold prices held steady on Wednesday (Jun 18), as escalating tensions between Israel and Iran entered their sixth day, while a stronger US dollar capped gains ahead of the US Federal Reserve’s policy decision due later in the day. Spot gold was steady at US$3,386.59 an ounce, as at 0052 GMT. US gold futures…
Read MoreStocks to watch: Thakral, Fu Yu
[SINGAPORE] The following company saw new developments that may affect trading of its securities on Wednesday (Jun 18):
Read MoreMonopoly maker Hasbro cuts 3% of total workforce amid higher tariff costs
Published Wed, Jun 18, 2025 · 06:55 AM [BENGALURU] Hasbro has cut 3 per cent of its global workforce in its latest effort to shave costs as it looks to tackle higher tariffs on toys majorly from China. The job cuts amount to about 150 employees. According to its fiscal 2024 annual filing, the company…
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