Posts by Yurie Miyazawa
Boeing vows to deliver new Air Force One by 2027, US official says
[WASHINGTON] A top US Air Force official said Boeing is proposing to deliver its new version of Air Force One by 2027 as officials look to satisfy US President Donald Trump’s demand for the updated presidential jetliner before the end of his second term. While Boeing aims to deliver the aircraft on the accelerated timeline,…
Read MoreBlackstone, Vanguard, Wellington to launch private markets fund
Traditional asset managers have been seeking ways to move beyond stock and bond funds into higher-margin businesses, including private equity and private credit Published Thu, May 8, 2025 · 08:52 AM [NEW YORK] Blackstone, Vanguard Group and Wellington Management are launching a fund that will invest in public equities, bonds and private markets, as part…
Read MoreGreat Eastern reports 13% higher Q1 profit of S$345.5 million
[SINGAPORE] Great Eastern on Thursday (May 8) posted a 13 per cent year-on-year increase in profit to S$345.5 million for the first quarter ended March, versus S$306.7 million previously. This was driven by higher profit from the insurance business as well as favourable investment performance in the group’s shareholders’ fund, said the insurance arm of…
Read MoreGranite Asia’s first private credit fund hits US$250 million at first close
[SINGAPORE] Granite Asia announced that it has secured over US$250 million from anchor investors for its first private credit fund, Libra Hybrid Capital Fund. In a press release on Thursday (May 8), the multi-asset platform said that anchor investors include top Asian sovereign wealth funds, as well as Granite Asia’s general partners and its network…
Read MoreCash-strapped Beyond Meat gets US$100 million from diet non-profit
[NEW YORK] Beyond Meat raised US$100 million in debt financing from a plant-based diets advocate, as the company continues to search for funds to shore up its liquidity. The lender, Unprocessed Foods, is an affiliate of Ahimsa Foundation, an organisation “focused on advocating for plant-based diets”, the plant-based meat supplier said on Wednesday (May 7)…
Read MoreDBS Q1 profit falls 2% to S$2.9 billion; pays S$0.75 in dividends
[SINGAPORE] DBS’ net profit for its first quarter fell due to higher tax expenses from the implementation of the 15 per cent global minimum tax, it said on Thursday (May 8). Net profit for the three months ended March 31, 2025 stood at S$2.9 billion, compared with S$2.95 billion from the year-ago period. The earnings…
Read MoreUBS cuts bond, loan sale outlook by US$235 billion on trade tumult
Published Thu, May 8, 2025 · 06:08 AM [NEW YORK] UBS Group lowered its forecast for US corporate debt issuance this year, citing volatility tied to US President Donald Trump’s tariff rollout and a slower-than-expected pace of dealmaking. The bank’s research arm cut its estimate for blue-chip debt sales by US$100 billion to US$1.4 trillion,…
Read MoreUS Fed holds back on rate cut, citing rising risk of higher inflation; economy is solid but faces tariff threat
[WASHINGTON] The Federal Reserve held interest rates steady on Wednesday but said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the US central bank grapples with the impact of Trump administration tariff policies. The economy overall has “continued to expand at a solid pace,” the Fed said in a policy statement,…
Read MoreLow-cost carriers hit hardest by US travel demand slump
[CHICAGO] A slump in travel demand due to President Donald Trump’s trade war has left all US airlines reeling, but the pain is most acute at budget carriers. Southwest, Frontier and JetBlue all saw sharp declines in their operating margins in the first quarter. In comparison, margins at Delta and United Airlines held up, despite…
Read MoreAmara, Ban Leong pick IFAs for privatisation offers
[SINGAPORE] Hotel group Amara and technology products distributor Ban Leong Technologies on Wednesday (May 7) separately announced that they have appointed independent financial advisers (IFA) as they mull offers to be taken private. Amara has appointed W Capital Markets as its IFA for a voluntary conditional general offer from a consortium led by property company…
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