Posts by Yurie Miyazawa
Cordlife jumps 48% to S$0.23 on partial offer from Thai-listed Medeze
The stem cell company is seeking to acquire about 25.6 million shares at S$0.25 apiece [SINGAPORE] Shares of Cordlife surged by over 48 per cent on Thursday (May 15), after the company lifted its trading halt earlier in the morning, which had been put in place on Tuesday. This came after a voluntary conditional cash…
Read MoreNissan is rolling out big cuts. Turning around sales will prove harder
[TOKYO] Nissan’s new chief executive Ivan Espinosa faces an uphill task turning around the troubled Japanese automaker with no guarantee it can reverse sliding top-line sales, analysts said, even as he moves to slash costs. With a lack of fresh models, new tariffs in its biggest market, and sharp competition from local and Chinese rivals,…
Read MoreStarbucks is said to start process to revamp vast China business
[HONG KONG] Starbucks has contacted private equity (PE) firms, technology companies and others as it considers options for its China business, including a possible stake sale, according to sources familiar with the matter. The coffee chain sent out letters via a financial adviser to several potential investors this week to solicit views on the China…
Read MoreQatari jet gift turns spotlight on Trump graft allegations
[WASHINGTON] Donald Trump vowed to be a dictator only on his first day back in office, but his critics say four months of corruption “bigger and more brazen” than in his scandal-plagued first term is beginning to alienate supporters. The US president’s decision to accept a luxury jet from Qatar is the latest in a…
Read MoreFirst Resources posts 74.9% higher Q1 net profit of US$63.1 million
[SINGAPORE] First Resources’ net profit grew 74.9 per cent to US$63.1 million for the first quarter ended March 2025, from US$36.1 million in the same period a year prior, the company said in a bourse filing on Thursday (May 15). The Indonesian palm oil producer attributed its improved financial performance to higher average selling prices…
Read MoreChina to US ocean cargo bookings surge after tariff pause, Vizion says
Published Thu, May 15, 2025 · 09:02 AM [LOS ANGELES] United States bookings for container transport from China to the US spiked almost 300 per cent in the wake of the United States and China pausing punishing tit-for-tat tariffs, container-tracking software provider Vizion said on Wednesday. The average bookings for the seven days ended Wednesday…
Read MoreStocks to watch: Genting Singapore, ComfortDelGro, Venture, Golden Agri-Resources, SingPost, Centurion, Sasseur Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 15). Genting Singapore: The company said its chief executive officer Tan Hee Teck will step down. He will also retire from his position as Resorts World Sentosa chairman and CEO on May 31. Tan was appointed CEO of Genting in…
Read MoreStocks to watch: Genting Singapore, ComfortDelGro, Venture, Golden Agri, SingPost, Centurion, Sasseur Reit
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 15). Genting Singapore: The company said its chief executive officer Tan Hee Teck will step down. He will also retire from his position as Resorts World Sentosa chairman and CEO on May 31. Tan was appointed CEO of Genting in…
Read MoreAsia weakness, trade war weigh on Ferragamo revenues, slide continued in April
[MILAN] Sales at Salvatore Ferragamo fell in April, the Italian luxury goods group said on Wednesday (May 14) as it posted a 1 per cent revenues drop for the first quarter hit by weak demand in the Asia-Pacific region. The quarterly change strips out the impact of currency moves. Net sales plunged almost 14 per…
Read MoreDBS, OCBC and UOB should review dividend policies amid the deteriorating business outlook
[SINGAPORE] It probably will not surprise anyone that DBS, OCBC and UOB ended Tuesday (May 13) significantly higher – with gains of 1.19 per cent, 0.74 per cent and 1.55 per cent, respectively – after the US and China agreed over the long weekend to temporarily slash the crippling tariffs they had slapped on each…
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