Posts by Yurie Miyazawa
Europe: Stocks recover after Trump delays EU tariffs in hopes of deal
EUROPEAN shares kicked off the week on a positive note on Monday, recouping the previous session’s losses, as markets heaved a sigh of relief after US President Donald Trump delayed his threat to impose a 50% tariff on the region. The pan-European Stoxx 600 index closed 0.99 per cent higher at 550.50. It had lost 0.9 per…
Read MoreVolvo Cars to cut 3,000 jobs in restructuring
[STOCKHOLM] Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday (May 26). The layoffs come as the Swedish automaker tries to resurrect its rock-bottom share price and drum up…
Read MoreSingapore shares fall amid mixed regional showing; STI down 0.2%
Across the broader market, decliners edge out gainers 268 to 220, after 894.4 million securities worth S$751.7 million change hands [SINGAPORE] Shares on the Singapore bourse ended lower on Monday (May 26), even as regional markets ended mixed. The benchmark Straits Times Index (STI) fell 0.2 per cent or 6.82 points to 3,875.60. Across the…
Read MoreOpenAI to open office in Seoul amid growing demand for ChatGPT
Published Mon, May 26, 2025 · 12:56 PM [SEOUL] OpenAI will set up its first office in Seoul and has established an entity in South Korea as demand in the country jumps for its ChatGPT service, the company said on Monday. South Korea has the largest number of paying ChatGPT subscribers after the United States,…
Read MoreFrasers Property’s privatising FHT does nothing for its minorities
[SINGAPORE] Minority investors of Frasers Hospitality Trust (FHT) are getting a second chance to exit their holdings by way of a privatisation offer. FHT’s sponsor Frasers Property recently proposed privatising the stapled group at S$0.71 per stapled security via a trust scheme of arrangement. In September 2022, Frasers Property’s earlier attempt to privatise FHT at…
Read MoreJapan touts ships expertise, LNG investment as tariff talks key
[TOKYO] Japan may offer financial and technical contributions ranging from investment in an Alaskan liquefied natural gas (LNG) pipeline project to shipbuilding expertise as it seeks to smooth the path towards a tariff deal with the US by mid-June. Japan will tout its prowess in building ice-breakers, a growing area of need as security concerns…
Read MoreJapan touts ships expertise, LNG investment as key to tariff talks
[TOKYO] Japan may offer financial and technical contributions ranging from investment in an Alaskan liquefied natural gas (LNG) pipeline project to shipbuilding expertise as it seeks to smooth the path towards a tariff deal with the US by mid-June. Japan will tout its prowess in building ice-breakers, a growing area of need as security concerns…
Read MoreJapan aims to slash stockpiled rice prices to 2,000 yen per 5kg: farm ministry
Published Mon, May 26, 2025 · 11:07 AM [TOKYO] Japan aims to drastically cut stockpiled rice prices to 2,000 yen (S$18) per 5 kg and speed up getting rice onto shop shelves as consumers suffer from sky-high staple grain costs, the farm ministry said on Monday. Surging rice prices, due in part to crop damage…
Read MoreInterest costs fall for S-Reits in Q1, but US tariffs cloud outlook
[SINGAPORE] Interest costs eased for more Singapore-listed real estate investment trusts (S-Reits) in the first quarter of FY2025, even as looming US tariffs cast a shadow over their prospects for the second half of the year. Nearly three-quarters of S-Reits saw flat to moderate interest cost declines in Q1 compared to a year ago, said…
Read MoreAudience Analytics eyes growth in Vietnam, M&A opportunities
[SINGAPORE] Audience Analytics, an organiser of regional business awards and career fairs, is seeking growth in Vietnam with its recent investment in a business partner there, while looking out for merger and acquisition (M&A) opportunities. On May 15, the company inked a deal to acquire 30 per cent of Snowball, a Vietnam-based management consultancy, for…
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