Posts by Yurie Miyazawa
Australia: Shares at 3-month high ahead of inflation data; RBNZ decision in focus
AUSTRALIAN shares climbed on Wednesday, reaching their highest levels in more than three months, supported by strength in banking and mining stocks ahead of the release of April inflation data later in the day. The S&P/ASX 200 index was up 0.5 per cent at 8,448.5 points, as of 0040 GMT, its strongest level since Feb…
Read MoreSingHealth Duke-NUS’ AI spinoff inks MOUs with Roche, ST Engineering to improve healthcare operations
[SINGAPORE] Enigma Health, a healthcare artificial intelligence (AI) spinoff from SingHealth Duke-NUS Academic Medical Centre, has inked separate memorandums of understanding (MOUs) with Swiss pharmaceutical giant Roche and Singapore technology player ST Engineering to expand the reach of its agentic AI platform. Agentic AI is a class of artificial intelligence that can reason and act…
Read MoreNomura faces rare vote over shareholder’s name-change proposal
[TOKYO] Nomura Holdings has received a shareholder proposal that it will put to a vote for the first time in 13 years at a general meeting next month, as activism in the nation’s stock market heats up. The proposal seeks to change the company’s name to Nomura Securities Group, according to a notice of the…
Read MoreDrawing secondary listings to SGX may not move the needle much, but every little bit helps
AMONG the recent slew of proposals unveiled to boost the attractiveness of the local bourse to investors and companies was one relating to secondary listings. The Monetary Authority of Singapore (MAS) proposes aligning disclosure requirements with baseline international disclosure standards, which are already commonly adopted by most established markets, including Singapore. Specifically, these include the…
Read MoreApple to debut dedicated gaming app within days of Switch 2’s arrival
[LOS ANGELES] Apple is planning a dedicated app for video games on its devices, seeking to sell gamers and developers on the idea that it’s a leader in the market. The company will pre-install the app on the iPhone, iPad, Mac and Apple TV set-top box later this year, according to sources with knowledge of…
Read MoreElaine Heng to succeed Linus Goh as OCBC’s head of global commercial banking
[SINGAPORE] OCBC announced on Tuesday (May 27) key leadership changes to its global wholesale banking franchise, to take effect on Oct 1. Elaine Heng, now OCBC’s group chief strategy and transformation officer, will succeed Linus Goh, the current head of global commercial banking who retires on Sep 30. Tan Yuen Siang, currently OCBC’s head of…
Read MoreIndonesia’s Widjaja family’s Sinarmas Land offer wins 90% acceptance, triggering compulsory acquisition
[SINGAPORE] Lyon Investments – controlled by the Widjaja family, one of Indonesia’s wealthiest clans – has crossed the 90 per cent acceptance threshold in its offer for Singapore-listed Sinarmas Land. This triggers the right of compulsory acquisition of all the shares of shareholders who have not accepted the offer, paving the way for the delisting…
Read MoreTesla misses out on European EV growth as Model Y fails to revive sales
[GDANSK] Tesla’s sales in Europe fell 49 per cent in April from a year earlier, even though battery-electric car sales rose 27.8 per cent, as the US EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region. Overall car sales in Europe dipped 0.3 per cent, with…
Read MoreBoustead shares rise 4.8% to a 4-year high on robust earnings and dividend boost
The company’s shares hit their highest price in a decade as the engineering group saw a 58 per cent increase in net profits [SINGAPORE] Shares of Boustead rose on Tuesday (May 27) morning after the engineering and technology group reported a jump in net profit. As at 9.52 am, the counter climbed to S$1.09, up…
Read MoreStocks to watch: Sembcorp, Bukit Sembawang, SBS Transit, Boustead
THE following companies saw new developments that may affect trading of their securities on Tuesday (May 27): Sembcorp: Its subsidiary Sembcorp Utilities entered an agreement with several of its South-east Asian counterparts to explore exporting renewable energy from Vietnam into Malaysia and Singapore, the group said on Monday. Under the agreement, the parties will focus…
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