Posts by Yurie Miyazawa
Oracle to buy US$40 billion of Nvidia chips for OpenAI’s US data centre: report
[BENGALURU] Oracle will spend around US$40 billion on Nvidia’s higher-performance chips to power OpenAI’s new US data centre, the Financial Times (FT) reported on Friday (May 23). The data centre, situated in Abilene, Texas, is part of the US Stargate Project, led by top artificial intelligence (AI) firms in the country, to boost America’s heft…
Read MoreThe Hour Glass H2 profit falls 6% to S$74.4 million on increased operating expenses
[SINGAPORE] The Hour Glass has reported a 6 per cent drop in net profit to S$74.4 million in the six months ended March 2025, from S$79.5 million in the year-ago period. Revenue was at S$622.6 million, up 9 per cent year on year from S$571.3 million. Earnings per share stood at 11.48 Singapore cents for…
Read MoreFoxconn among potential bidders for Singapore chip assembly firm UTAC in US$3 billion deal
[HONG KONG] Taiwan’s Foxconn is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings in a deal that could value the company at about US$3 billion, two people with knowledge of the matter said. UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jefferies to run a sale process…
Read MoreCyclical, structural factors can affect current advantage of US dollar assets although outlook is stable for now: MAS chief
[SINGAPORE] The outlook for the structural advantage of US dollar assets looks to be relatively stable at present, said Monetary Authority of Singapore (MAS) chief Chia Der Jiun at the Qatar Economic Forum on Tuesday (May 20). However, he cautioned that whether this continues to be the case depends on the fiscal trajectory and policies…
Read MoreRedBird Capital agrees to a £500 million deal to buy UK’s Telegraph newspaper
The current government’s decision to allow foreign state-owned investors to own up to 15% of British newspaper publishers helped unlock a deal Published Fri, May 23, 2025 · 05:06 PM [LONDON] RedBird Capital Partners, the US fund that bought Britain’s Telegraph newspaper in partnership with UAE-owned IMI, will take control of the publication after agreeing…
Read MoreOnlyFans owner in talks to sell to investor group at about US$8 billion value
[LOS ANGELES] OnlyFans owner Fenix International is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion, three sources familiar with the matter told Reuters. The group is led by the Forest Road Company, a Los Angeles-based investment firm, the sources said. Reuters could not identify the…
Read MoreGold heads for best week in more than a month on US fiscal worries
GOLD was set for its best weekly gain in more than a month on Friday, as a softer dollar and mounting concerns about the deteriorating fiscal outlook for the world’s biggest economy boosted the metal’s safe-haven appeal. Spot gold gained 0.3 per cent to US$3,303.92 an ounce as of 0204 GMT. Bullion has risen 3…
Read MoreMetro sinks into the red with H2 net loss of S$228.1 million
[SINGAPORE] Metro sank into the red for its second half ended March, with a net loss of S$228.1 million against a net profit of S$6.4 million in the previous corresponding period. The results translate to a loss per share of S$0.276, versus an earnings per share of S$0.008, the mainboard-listed property investment and development group…
Read MoreRedefining Success: Why Winning Isn’t Everything
Growing up as a gymnast, I was conditioned to believe in a simple equation: winning equals success, and anything less equals failure. This black-and-white mindset shaped my early career and drove me to push beyond my limits. While it fueled my ambition, it also created unnecessary pressure and pain that I carry to this day.…
Read MoreSingapore shares slide in tandem with regional bourses and Wall Street; STI drops 0.1%
Decliners beat gainers 288 to 178 across the broader Singapore market, with 1.1 billion securities valued at S$1.4 billion changing hands [SINGAPORE] Asian bourses, including Singapore’s, were largely in the red on Thursday (May 22) after a Wall Street sell-off overnight. This came as the US’ fiscal uncertainty soured market sentiment. Singapore’s Straits Times Index…
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