Posts by Yurie Miyazawa
US curbs chip design software, chemicals, other shipments to China
[WASHINGTON] The United States has ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already granted to certain suppliers, said three people familiar with the matter. The new restrictions – which are likely to escalate tensions with Beijing – appear aimed at choke points to prevent…
Read MoreNvidia gives solid forecast, even as China slump mars growth
[SAN FRANCISCO] Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results. Sales will be about US$45 billion in the second fiscal quarter, which runs to July, the company said on Wednesday (May 28). That included the loss of roughly US$8…
Read MoreUS: Stocks retreat as Treasury bond yields climb
Published Thu, May 29, 2025 · 06:13 AM [NEW YORK] Wall Street stocks retreated on Wednesday ahead of earnings from artificial intelligence titan Nvidia, with US Treasury bond yields ticking higher. Results from chip company Nvidia have been the most anticipated event of the week, given the company’s influence as a leader in AI. Nvidia shares fell…
Read MoreCDL, MCL Land marketing Piccadilly Galleria retail podium for sale at lower price of $67.5m
[SINGAPORE] Piccadilly Grand’s retail podium is up for sale for S$67.5 million, at a lower price after an earlier expression of interest exercise closed in November 2024. The ground-floor retail podium, known as Piccadilly Galleria, is part of a 99-year leasehold integrated development developed by City Developments Ltd (CDL) and MCL Land. The project is…
Read MoreExxon enters talks to sell French business for 400 million euros
[LONDON] ExxonMobil entered exclusive talks to sell its entire 82.89 per cent stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about 400 million euros (S$584.2 million). If completed, the deal would significantly diminish Exxon’s presence in France, after the company announced last year that it would shut…
Read MoreSunMoon sinks to S$1.5 million loss in FY2025 despite higher revenue
[SINGAPORE] Fruit distributor SunMoon Food Company has sunk into the red with a net loss of S$1.5 million for the full year ended March, compared with a net profit of S$28,000 the previous year. This was mainly due to a combination of factors, including a lower gross margin from the clearance of slow-moving inventories that…
Read MoreAustralia: 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…
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