Posts by Yurie Miyazawa
US Treasury chief does not see himself replacing Fed chair
Published Thu, Jun 12, 2025 · 06:56 AM [WASHINGTON] US Treasury Secretary Scott Bessent said on Wednesday that he wishes to remain in his current position, after a report emerged that he is a contender to succeed the Federal Reserve chair. Asked which role he would prefer, Bessent told the House Ways and Means Committee…
Read MoreWhy Hawkfest Will Be the Must-Attend Event This Year
I’m thrilled to announce that Hawkfest is happening, and it’s going to be absolutely incredible. Unlike some other highly anticipated events that failed to deliver (looking at you, Fyre Festival), we’re creating an experience that will actually take place as promised — and exceed your expectations. When planning Hawkfest, my team and I committed to…
Read More‘Ridiculous and frustrating’: Jetstar Asia staff blindsided by abrupt layoff notice
[SINGAPORE] Jetstar Asia employees were only informed of their retrenchment at 7 am on Wednesday (Jun 11) – the same morning the public announcement went out. “It was unexpected – all my managers were also in shock, and they didn’t see it coming,” said a cabin crew member, who declined to be named. “Dropping the…
Read MoreRecord 3.5 million Switch 2 consoles sold in first four days, says Nintendo
[TOKYO] The Switch 2 has smashed records to become the fastest-selling console ever after gamers snapped up 3.5 million units in its first four days, Nintendo said on Wednesday (Jun 11). Featuring a bigger screen and more processing power, the console is an upgrade to the original Switch – the third best-selling console of all…
Read MoreStocks to watch: Keppel Infrastructure Trust, Raffles Medical, Amara, Koh Brothers Eco Engineering, SIA
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Jun 11): Keppel Infrastructure Trust (KIT): Its manager is divesting a 24.6 per cent stake in Australian bus service business Ventura Motors for A$130 million (S$109 million). As part of the trust’s value creation strategy, the sale will bolster…
Read MoreOil demand growth to continue, no peak in sight, Opec Secretary General says
[CALGARY] Oil demand growth will remain robust over the next two and a half decades as the world population grows, Opec Secretary General Haitham Al Ghais said on Tuesday. The organization expects a 24 per cent increase in the world’s energy needs between now and 2050, with oil demand surpassing 120 million barrels per day over that time period.…
Read MoreNeo 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 More