Posts by Yurie Miyazawa
US 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…
Read MoreUS: Wall St muted at open after April inflation data
Published Tue, May 13, 2025 · 09:41 PM [NEW YORK] Wall Street’s main indexes were subdued at the open on Tuesday (May 13), as investors assessed the latest inflation numbers and their impact on monetary policy after markets came off sharp gains from the temporary Sino-US trade truce. The Dow Jones Industrial Average rose 97.2 points,…
Read MoreGreenback’s relief rally from US-China tariff truce is but a brief blip: analysts
[SINGAPORE] Traders rewarded the US dollar with gains against major Asian currencies after trade tensions between Beijing and Washington thawed – but the greenback could soon be singing the blues again as analysts expect the relief rally to be short-lived. The US dollar index – which measures the greenback’s value against a basket of six…
Read MoreCarriers moving MRO work outside China even before tariff chaos: SIA Engineering
[SINGAPORE] There has been little to no impact from tariffs on SIA Engineering Company’s (SIAEC) operations for now, but these are still early days, said chief executive officer Chin Yau Seng in a briefing on Tuesday (May 13). It has been just 42 days since the “Liberation Day” tariffs were launched and the company is…
Read MoreKeppel, Huawei to collaborate on solar and battery tech for Asean power grids
[SINGAPORE] The infrastructure division of Keppel will work with Chinese tech giant Huawei International to design and develop solar photovoltaic (PV) systems and battery energy storage system (Bess) technologies for interconnected power grids across South-east Asia. Both companies will also collaborate on PV and Bess solutions for low-carbon data centres and industrial parks, and digital…
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