Posts by Yurie Miyazawa
Neo Group buys over bakery chain PrimaDeli’s operations for undisclosed sum
[SINGAPORE] Caterer Neo Group has bought over the business operations of home-grown bakery chain PrimaDeli from Prima Food for an undisclosed sum. Established in 1992, PrimaDeli is Singapore’s first bakery franchise and the longest-running food franchise in the Republic, according to its website. PrimaDeli is managed by Prima Food, the food-manufacturing arm of flour supplier…
Read MoreEurope: Equities ease as US-China trade talks grip markets
EUROPEAN shares eased in cautious trade on Monday as investors avoided making big bets pending the outcome of Sino-U.S. trade talks in London. The pan-European Stoxx 600 ended slightly lower at 553.24 points, after four straight sessions of gains, its longest consecutive winning streak in three weeks. All other major bourses closed lower. Trading was thin as…
Read MoreGlobal convergence of sustainability disclosure standards – what boards need to know
SUSTAINABILITY disclosures have finally begun to align globally after a long, winding journey spanning three decades. What originated in the 1980s as voluntary environmental-related disclosures by companies have today evolved into mandatory disclosure regulations across environment, social and governance (ESG) factors adopted by more than half the stock exchanges worldwide – and for good reason.…
Read MoreAlibaba, Tencent freeze AI tools during high-stakes China exam
[BEIJING] China’s most popular artificial intelligence (AI) chatbots such as Alibaba’s Qwen have temporarily disabled functions including picture recognition, to prevent students from cheating during the country’s annual “gaokao” college entrance examinations. Apps including Tencent Holdings’ Yuanbao and Moonshot’s Kimi suspended photo-recognition services during the hours when the multi-day exams take place across the country.…
Read MoreOil prices hold gains ahead of US-China trade talks
Inflation data from China on Monday morning will give a reading of domestic demand in the world’s largest crude importer Published Mon, Jun 9, 2025 · 11:50 AM [BEIJING] Oil prices held on to last week’s gains early on Monday (Jun 9) as investors waited for US-China trade talks to be held in London later…
Read More‘Most unloved bonds’ turn routine US auction into crucial test
[NEW JERSEY] Global investor pushback against long-term government debt is turning what normally would be a routine US bond auction into one of the most anticipated events on Wall Street this week. The Treasury is set to sell US$22 billion of 30-year government bonds on Thursday (Jun 12), part of its regularly scheduled borrowings. The…
Read MoreRevisions confirm Japan GDP contraction, backing Bank of Japan caution
Most economists expect the central bank to delay further rate hikes, with a majority anticipating no change in coming months Published Mon, Jun 9, 2025 · 09:35 AM [TOKYO] Japan’s economy contracted in the first quarter of the year by less than initially estimated on better inventory and consumption figures, while still backing caution by…
Read MoreStocks to watch: OCBC, CapitaLand Investment, Sasseur Reit, Thakral
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Monday (Jun 9). OCBC: The bank has made a S$900 million conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer. The offer,…
Read MoreGEH, OCBC’s proposals a victory of sorts for minorities who have held out, endured suspension
[SINGAPORE] When Great Eastern Holdings (GEH) and its controlling shareholder OCBC put forward a two-pronged plan last week to resolve the insurer’s trading suspension, I was impressed and rather surprised that a seemingly impossible deal had been struck. The first part of the plan is for GEH to attempt delisting its shares from the Singapore…
Read MoreMeta in talks for Scale AI investment that could top US$10 billion
[NEW YORK] Meta Platforms is in talks to make a multibillion-dollar investment into artificial intelligence (AI) startup Scale AI, according to sources familiar with the matter. The financing could exceed US$10 billion in value, some of the sources said, making it one of the largest private company funding events of all time. The terms of…
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