Posts by Yurie Miyazawa
Nvidia says new limits on China exports to cost US$5.5 billion
[SAN FRANCISCO / HONG KONG] Nvidia faces new US restrictions on the export of its H20 chip to China, a policy change that will cost the company billions of US dollars and hamstring a product line that it explicitly designed to comply with previous curbs. The government informed Nvidia on Monday (Apr 14) that the…
Read MoreOil prices steady as market considers latest US tariff changes
[NEW YORK / LONDON] Oil prices were little changed on Tuesday (Apr 15) as investors digested the latest headlines on US President Donald Trump’s on-again, off-again tariffs and tried to figure out how much the US-China trade war could reduce global economic growth and oil demand. Brent crude futures fell 21 cents, or 0.3 per…
Read MoreJapfa shareholders approve privatisation offer
[SINGAPORE] Japfa’s shareholders approved the scheme resolution proposed by family members of the agri-food company’s founder to take the business private. Its delisting is expected to fall on or around Jun 3, subject to regulatory approval. During the scheme meeting on Tuesday (Apr 15), 151 shareholders, or about 75.1 per cent of the scheme shareholders…
Read MoreSats unit bags 5 year contract with Emirates SkyCargo at Frankfurt Airport
The freight handler now provides specialised gateway services at 21 stations across the airline’s global network [SINGAPORE] Sats’ subsidiary Worldwide Flight Services has been awarded a new five-year cargo handling contract with Emirates SkyCargo, the cargo arm of Emirates, at Frankfurt Airport. The contract underscores Sats’ long-term partnership with the world’s largest international airline –…
Read MoreCrypto firm Bitdeer prioritises mining to weather tariff turmoil
[MUMBAI] Nasdaq-listed Bitcoin mining firm Bitdeer Technologies Group is doubling down on its self-mining operations while pushing ahead with plans to make machines in the US, as it confronts a cooling crypto market and mounting uncertainty over US trade policy. With demand for Bitcoin mining rigs faltering, Singapore-headquartered based Bitdeer will focus on using its…
Read MoreFrasers Property sees several senior management changes amid broader industry challenges in the UK: source
[SINGAPORE] Several of Frasers Property’s senior management team will be leaving the company, including group chief operating officer (COO) Anthony Boyd and group chief digital officer Samuel Tan. According to an internal memo seen by The Business Times, Boyd will be stepping down from his role effective Jul 4, after two decades in the real…
Read MoreFrasers Property sees several senior management changes: source
[SINGAPORE] Several of Frasers Property’s senior management team will be leaving the company, including group chief operating officer (COO) Anthony Boyd and group chief digital officer Samuel Tan. According to an internal memo seen by The Business Times, Boyd will be stepping down from his role effective Jul 4, after two decades in the real…
Read MoreFrasers Property COO Anthony Body leaving amid senior management changes
[SINGAPORE] Several of Frasers Property’s senior management team will be leaving the company, including group chief operating officer (COO) Anthony Boyd and group chief digital officer Samuel Tan. According to an internal memo seen by The Business Times, Boyd will be stepping down from his role on Jul 4 after two decades in the real…
Read MoreAMD set to produce its CPU chip at TSMC plant in Arizona
Trump administration is currently investigating whether imports of semiconductors threaten national security, which could be a precursor to slapping tariffs on those products [TAIPEI] Advanced Micro Devices (AMD) said on Tuesday (Apr 15) its key processor chips would soon be made at Taiwan Semiconductor Manufacturing Company’s (TSMC) new production site in Arizona, marking the first…
Read MoreCourt hears of more luxury-car purchases by alleged nickel fraudster
[SINGAPORE] Alleged nickel fraudster Ng Yu Zhi bought a vintage Mercedes Benz for his girlfriend Qian Yijun for S$288,000 – half a year after he bought her another Mercedes Benz for S$550,000. He also purchased at least three other cars around this period, paying nearly S$1 million. The High Court continued to hear evidence from…
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