Posts by Yurie Miyazawa
Latest Singapore six-month T-bill cut-off yield sinks to 2.05%
[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) dropped to 2.05 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Jun 5). This was a decline from the 2.2 per cent cut-off yield offered in the previous six-month auction that closed on May 22. It was the lowest…
Read MoreCiti to cut 3,500 tech jobs in China in global revamp
[HONG KONG] Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5), as it pushes to simplify and shrink global tech operations to improve risk and data management. The reduction of staff at the China Citi Solution Centres in Shanghai…
Read MoreAmazon’s delivery, logistics get an AI boost
[SUNNYVALE, California] Amazon wants customers to know that artificial intelligence is not just for writing college essays. In a series of announcements on Wednesday, Amazon demonstrated how stockroom robots, delivery people and its sprawling warehouses will all benefit from a hefty dose of artificial intelligence, speeding packages to customer doorsteps. The company said it is…
Read MoreUS: Stocks mixed on slower hiring, economic uncertainty
Published Thu, Jun 5, 2025 · 06:10 AM [NEW YORK] Wall Street stocks closed mixed on Wednesday on signs that US economic activity was cooling, even though investors were careful not to overreact to a slowdown in private sector hiring. The Dow Jones Industrial Average slipped 0.2 per cent to 42,427.74, while the broad-based S&P 500 Index…
Read MoreGoing green in a multi-polar world
BY HOW much has the world progressed in climate mitigation and abatement? A cursory look may be disheartening. 2024 was the hottest year on record; it was the first calendar year when temperatures rose by 1.55 degrees Celsius above pre-industrial level. At the same time, geopolitical crises drove demand for fossil fuels; economic uncertainty also cast…
Read MoreOvercoming challenges in sustainable finance
Helge Muenkel, chief sustainability officer, DBS Helge Muenkel, DBS chief sustainability officer PHOTO: DBS Victor Wong, head of sustainability office, UOB Asset Management Victor Wong, head of sustainability office, UOB Asset Management PHOTO: UOB Mike Ng, group chief sustainability officer, OCBC Mike Ng, group chief sustainability officer, OCBC PHOTO: OCBC BT: Sustainable investing has ebbed…
Read MoreSingapore’s climate strategy stands firm amid global setbacks on emissions
[SINGAPORE] As major economies scale back climate commitments and global momentum stalls, Singapore stands out for its steadfast approach to climate action. Recent policy reversals in countries like the United States – where significant climate safeguards for air, water, wildlife, and toxic chemicals have been discontinued – have cast doubt on the world’s collective resolve.…
Read MoreSingapore stocks close Wednesday higher amid regional gains; STI up 0.2%
Speculations over a Trump-Xi call to ease trade tensions sometime this week add to the upbeat mood [SINGAPORE] Local stocks ended higher on Wednesday (Jun 4), mirroring regional gains after resilient US employment data bolstered investor sentiment. Speculations over a call between US President Donald Trump and China President Xi Jinping sometime this week to…
Read MoreParagon Reit to delist from SGX on June 6
Minority unitholders have received their scheme consideration payments on Jun 4, 2025 [SINGAPORE] Paragon Reit will delist from the Singapore Exchange with effect from 9 am on Jun 6, 2025, the manager said on Wednesday (Jun 4). This comes as Times Properties – the offeror that proposed privatising the Reit for S$0.98 apiece in February…
Read MoreMaybank cuts view on Malaysian banking sector to ‘neutral’ as tariffs, slower GDP weigh on earnings
[SINGAPORE] Maybank Investment Bank has downgraded its rating for the Malaysian banking sector to “neutral”, from “positive” previously, due to slower gross domestic product growth, subdued earnings prospects, and macroeconomic uncertainty. Despite the downgrade, the bank’s analyst, Desmond Ch’ng, said in a note on Tuesday (Jun 3) that Maybank still recommended “buy” calls for Public…
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