Posts by Yurie Miyazawa
Cash-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…
Read MoreAlibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
[SHANGHAI] Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click on product links to shop on Alibaba’s Taobao platform. The move essentially formalises an app-to-app shopping connection between Xiaohongshu – also known as RedNote and often compared with Instagram – and Alibaba’s e-commerce infrastructure. “By…
Read MoreNew Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive. The formation of the entity, called Singapore GasCo, is a “major milestone” in the Republic’s transition towards green energy, the Energy Market Authority (EMA) said on Wednesday…
Read MorePush to allow Norway’s wealth fund to invest in defence companies falters
[OSLO] Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be faltering, according to lawmakers involved in the process. The fund follows ethical rules decided by parliament that prevent it from buying stakes in the likes of Airbus, Boeing, BAE Systems and Lockheed Martin…
Read MoreRivian cuts EV delivery outlook, sees tariff impact
[AUSTIN] Rivian Automotive said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that US President Donald Trump’s trade war will further dampen demand for pricey electric vehicles (EVs). The company now expects to sell 40,000 to 46,000 battery-powered pickups, SUVs and delivery vans this year, it said on…
Read More