Posts by Yurie Miyazawa
Australian dollar out of gas as economy sputters
[SYDNEY] The Australian and New Zealand dollars barely budged on Wednesday as domestic economic data again disappointed, adding to market wagers that interest rates will have to be cut again and perhaps soon. Figures showed Australia’s economy grew just 0.2 per cent in the first quarter, missing forecasts of 0.4 per cent and well below…
Read MoreVirgin Australia seeks to raise US$442.8 million in IPO, term sheet shows
Published Wed, Jun 4, 2025 · 10:24 AM BAIN Capital-owned Virgin Australia is looking to raise A$685 million (S$442.7 million) in an initial public offering, according to a term sheet seen by Reuters on Wednesday. The company has set the offer price at A$2.90 per share and the offer size reflects 30 per cent of Virgin’s…
Read MoreJapfa to delist from SGX on Jun 6
The agri-food company said privatisation would provide the offerors and management with greater flexibility to manage and grow the existing business [SINGAPORE] The agri-food company Japfa will be delisted from the official list of the Singapore Exchange (SGX) with effect from Friday, Jun 6, 2025, 9 am. This is earlier than the previous expected delisting…
Read MoreTop scientist wants to prevent AI from going rogue
[NEW YORK] Concerned about the rapid spread of generative AI, a pioneer researcher is developing software to keep tabs on a technology that is increasingly taking over human tasks. Canadian computer science professor Yoshua Bengio is considered one of the godfathers of the artificial intelligence revolution and on Tuesday announced the launch of LawZero, a…
Read MoreUS efforts to boost crop sales to Asia bear fruit in Vietnam
[SINGAPORE] US efforts to increase exports of agricultural products to Asia, excluding China, look to be bearing fruit, with Vietnam pledging to buy more American goods to strengthen trade ties with Washington. Hanoi is expected to sign deals with Washington to purchase more than US$2 billion worth of agricultural, forestry and fishery products, according to…
Read MoreUS farm sentiment at four-year high as Trump seeks trade deals
[CHICAGO] American farmer sentiment jumped to a four-year high, with growers betting on rising crop exports as the Trump administration pushes for more trade deals from Vietnam to Italy. Agriculture Secretary Brook Rollins said during a visit to Rome on Tuesday (Jun 3) that she is working to get Europe to buy more US products…
Read MoreOil climbs 2% to two-week high on geopolitical tensions
[NEW YORK] Oil prices climbed about 2 per cent on Tuesday to a two-week high as persistent geopolitical tensions between Russia and Ukraine, and the US and Iran looked set to keep sanctions on both Opec+ members Russia and Iran in place for longer. Brent crude futures rose US$1, or 1.5 per cent, to settle at…
Read MoreThailand and Indonesia could be growth laggards in Asean: Nomura
[SINGAPORE] Thailand and Indonesia are expected to be growth laggards within Asean, noted Euben Paracuelles, chief Asean economist at Nomura at the Nomura Investment Forum Asia press conference held at The Ritz-Carlton, Millenia Singapore on Tuesday (Jun 3). In the case of Thailand, he pointed to the 36 per cent tariff threat it faces from the…
Read MoreAustralia cracks down on crypto ATMs as scams, fraud uncovered
There are now more than 1,800 machines in the country compared to just 23 in 2019, according to Austrac data Published Tue, Jun 3, 2025 · 10:03 AM [MELBOURNE] Australia’s financial crimes agency placed curbs on cryptocurrency automatic teller machines (ATMs) as the surging number of kiosks increasingly attract fraudsters and scammers. The Australian Transaction…
Read MoreUS airlines oppose credit card fee crackdown they say could imperil free flight offers
[WASHINGTON] Major airlines said on Monday they oppose a new effort to advance legislation that would reduce fees charged by Visa and Mastercard on transactions, saying it could force them to stop offering rewards credit cards that give consumers frequent flyer miles for making transactions. American Airlines, United Airlines, Southwest Airlines and others including planemakers…
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