Posts by Yurie Miyazawa
Sony sees 100 billion yen tariff hit in underwhelming outlook
Even without the levies, the company’s projection falls shy of the average analyst estimate of 1.5 trillion yen and is essentially flat compared to the year concluded in March 2025 Published Wed, May 14, 2025 · 12:29 PM [NEW YORK] Sony Group offered an underwhelming forecast for the year ahead, with the burden of US…
Read MoreFrasers Property offers to privatise FHT for S$0.71 per stapled security
[SINGAPORE] Frasers Hospitality Asset Management, as the manager of Frasers Hospitality Trust (FHT), announced on Wednesday (May 14) the proposed privatisation of the stapled securities group for S$0.71 per scheme stapled security via a trust scheme of arrangement. The manager in a company statement released on Wednesday explained that the macroeconomic environment has undergone further…
Read MoreTaiwan regulator probes firms for pressuring staff to sell ETFs
Published Wed, May 14, 2025 · 11:19 AM [TAIPEI] Taiwan’s financial regulator is probing 20 financial institutions over how they pushed staff to sell exchange-traded fund (ETF) products, the latest sign of excessive competition in one of Asia’s biggest ETF markets. The Financial Supervisory Commission (FSC) will probe ten brokerages, nine asset managers and a…
Read MoreVietJet set for financial reckoning as court denies payment stay
[HONG KONG] A London High Court has refused VietJet Aviation’s application for a stay and ruled the Vietnamese carrier must pay around US$180 million to an aircraft leasing firm starting this week, bringing to a head a years-long legal dispute that started during the Covid-19 pandemic The money must be paid in three equal instalments…
Read MoreUS warns that using Huawei AI chip ‘anywhere’ breaks its rules
Commerce’s guidance stands to make it all the more difficult for the Shenzhen-based company to fulfil its ambitions of developing more powerful chips for artificial intelligence and smartphones Published Wed, May 14, 2025 · 09:05 AM [NEW YORK] The Commerce Department issued guidance stating that the use of Huawei Technologies’ Ascend artificial intelligence (AI) chips…
Read MoreUnited Hampshire US Reit posts 1.4% lower Q1 distributable income at US$6.3 million
[SINGAPORE] United Hampshire US Reit’s distributable income for the first quarter ended Mar 31 declined 1.4 per cent to US$6.3 million, from US$6.4 million in the previous corresponding period. The real estate investment trust’s (Reit) net property income (NPI) dropped 8.4 per cent to US$11.7 million from US$12.7 million, and revenue fell 2 per cent to…
Read MoreTrump’s Middle East visit opens floodgate of AI deals led by Nvidia
[WASHINGTON] The Trump administration is clearing a path for two key Persian Gulf allies to pursue their artificial intelligence (AI) ambitions – and some of the biggest US tech companies are seizing on that opening with plans to spend billions of US dollars in the region. Under agreements with the US expected to be unveiled…
Read MoreGlobal EV sales rise in April despite trade disruptions: Rho Motion data
GLOBAL sales of electric and plug-in hybrid vehicles rose 29 per cent year-on-year in April, with stable growth in China and Europe despite trade tensions, while North America recorded the first fall since last September, data showed on Wednesday. European EV sales of legacy auto groups that are seeking to sell less polluting models to…
Read MoreEurope: Equities close higher for fourth day; US inflation data assessed
EUROPEAN stocks ended slightly higher on Tuesday, as positive momentum fueled by a soft US inflation reading and a truce in the Sino-US trade spat showed signs of fizzling out, while investors assessed a mixed bag of corporate results. The continent-wide Stoxx 600 index closed 0.12 per cent higher at 545.17, around its highest level since…
Read MoreUS: Stocks mostly rise on Tuesday but UnitedHealth weighs on Dow
Published Wed, May 14, 2025 · 06:12 AM [NEW YORK] Wall Street stocks mostly rose on Tuesday after data showed US inflation easing in April, extending the market’s positive momentum on the improving outlook for trade relations with major partners. The consumer price index eased to 2.3 per cent in April from a year ago, a tick…
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