Japan's JERA to launch new gas-fired power plant to avoid electricity shortages
GOI, Japan : Japan's biggest power generator JERA said on Friday it will start a unit of a new 2.34 gigawatt (GW) gas-fired power station at Goi in Chiba, near Tokyo, on Aug. 1 to help avoid electricity shortages during peak summer demand season.The three new 0.78-GW units replaces the old 1.88 ...
Take Five: Scores on the doors for Big Tech
It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over more earnings from U.S. tech giants.In Venezuela, voters head to the polls to elect a president.Here's your look at what's happenin ...
Can Kamala Harris beat Donald Trump?
A WEEK is a long time in politics, and this has been a good one for Kamala Harris and the Democrats. The...
ThaiBev’s share swap transaction could reduce conglomerate discount, analysts keep ‘buy’
Khairani Afifi Noordin - Thai Beverages’ (ThaiBev) conditional share swap agreement with TCC Asset is logical as it allows the company to become a pure foods and beverages (F&B) company and in theory could reduce a conglomerate discount, analysts at Kiatnakin Phatra Securities say. On July 18, ThaiBev proposed a share ...
Analysts remain positive on MLT despite China headwinds
Ashley Lo - Analysts from Citi Research and CGS International (CGSI) are keeping their “buy” and “add” calls on Mapletree Logistics Trust (MLT) respectively, despite headwinds in China. According to Citi Research analyst Brandon Lee, headwinds in China “cannot be ignored”. MLT has achieved above ...
Nvidia supplier SK Hynix to invest $6.8 billion in South Korea chip plant
SEOUL :The world's second-largest maker of memory chips, SK Hynix, said on Friday it had decided to invest about 9.4 trillion won ($6.8 billion) in its first chip plant in the South Korean city of Yongin. The Nvidia supplier, which reported on Thursday its highest earnings since 2018 and flagge ...
SK Hynix to invest $6.8 billion in first chip plant at Yongin, South Korea
SEOUL : The world's second-largest memory chipmaker SK Hynix said on Friday it has decided to invest about 9.4 trillion won ($6.8 billion) in its first chip plant and business facilities at a planned semiconductor cluster in Yongin, South Korea. ($1 = 1,386.4000 won)
China weighs tenfold fee increase on high-frequency traders
China is considering a fee hike of at least tenfold on high-frequency trading, its latest attempt to rein in some quantitative strategies...
Strength in Singapore's data centre colocation market has analysts positive on Keppel DC REIT
Nicole Lim - Analysts remain positive on Keppel DC REIT (KDC REIT) following the announcement of its 1HFY2024 results ended June 30. Both Citi Research and DBS Group Research have kept their “buy” calls, with target prices of $1.91 and $2.20 respectively. Citi’s analyst Brandon Lee says that the REIT’s ...
Explainer-What the BOJ's reduced bond buying will mean for markets
TOKYO : The Bank of Japan (BOJ) is expected to unveil details of a quantitative tightening (QT) plan at its monetary policy meeting next week, aimed at reducing its holdings of government bonds.Given the size of its balance sheet and large presence in the market, it's a massive undertaking with ...
Riding the winds of change: Singapore companies seize offshore wind opportunities in the UK
Elysia Tan - [ABERDEEN] SINGAPORE’S busy waters may be unsuitable for offshore wind turbines, but the Republic’s marine capabilities are going far in the United...
Petronas, Enilive and Euglena to develop biorefinery in Malaysia's Pengerang
KUALA LUMPUR : Malaysia's state energy firm Petroliam Nasional Berhad (Petronas), Italy's Enilive SpA, and Japanese company Euglena Co have reached a final investment decision to develop a biorefinery in Malaysia, the companies said on Friday.A joint venture will be formed and construction ...
VinFast delays launch of US factory, revs up debut of Asian plants
Jamille Tran - [HO CHI MINH CITY] VINFAST’s revised plans to delay its US factory launch by three years and to expedite the opening of...
The Bank of England gets a positive hint about rate cuts from service prices
SOME of the United Kingdom price indicators the Bank of England (BOE) is watching closely for signs of lingering inflation are flashing...
Singapore private home rentals fall for third straight quarter
SINGAPORE: Private home rentals fell for the third consecutive quarter, slipping 0.8 per cent in the second quarter of 2024. This follows a 1.9 per cent decline in the previous quarter and a
Toyota to build EV battery plant for Lexus cars, Nikkei reports
TOKYO :Japan's Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday.The world's top-selling automaker would seek to ...
Toyota Motor to build EV battery plant in Fukuoka, Nikkei says
TOKYO : Japan's Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka, to supply Asian markets, the Nikkei business daily said on Friday.
China’s made-in-Europe EVs pose new threat to region’s carmakers
CHINA’S electric carmakers are expanding in Europe to blunt the impact of tariffs meant to weaken their price advantage over the region’s...
Capgemini forecasts surprise revenue fall on automotive, aerospace downturn
French IT group Capgemini forecast a surprise fall in annual revenue on Friday, citing a downturn in the automotive and aerospace sectors, sending its shares tumbling more than 9 per cent.Shares of Capgemini fell 9.4 per cent by 0728 GMT to hit the bottom of the CAC40 index, after the Paris-based gr ...
Capgemini expects annual revenue to fall on North America market weakness
:French IT consulting group Capgemini said on Friday it now expects its annual revenue to fall compared with the earlier expectation of at least maintaining stable growth, citing weakness in the North American market.The Paris-based group said it now expects its organic sales to fall between 0.5 per ...
Capgemini expects annual revenue to fall
French IT consulting group Capgemini said on Friday it now expects its annual revenue to fall compared with the earlier expectation of a rise, citing weakness in the North America market.The Paris-based group said it now expects its organic sales to fall between 0.5 per cent and 1.5 per cent, compar ...
Singapore’s factory output turns negative with 3.9% fall in June, dragged down by electronics, biomedical sectors
Paige Lim - SINGAPORE’S factory output fell 3.9 per cent year on year in June, reversing May’s revised 2.3 per cent growth, according to Economic...
Singapore’s factory output turns negative with 3.9% fall in June, dragged by electronics, biomedical sectors
Paige Lim - SINGAPORE’S factory output fell 3.9 per cent year on year in June, reversing May’s revised 2.3 per cent growth, according to Economic...
Singapore’s factory output turns negative with 3.9% fall in June, dragged by electronics
Paige Lim - SINGAPORE’S factory output fell 3.9 per cent year on year in June, reversing May’s revised 2.3 per cent growth, according to Economic...
Singapore’s factory output turns negative with 3.9% fall in June
Paige Lim - SINGAPORE’S factory output fell 3.9 per cent year on year in June, reversing May’s revised 2.3 per cent growth, according to Economic...
Toyota’s 807 billion yen buyback piles onto pent up treasury shares
TOYOTA Motor’s latest buyback compounded a potentially unwanted side effect of its push to unwind cross shareholdings: a growing backlog of treasury...
JPMorgan launches in-house chatbot as AI-based research analyst, FT reports
JPMorgan Chase has begun rolling out a generative artificial intelligence (AI) product, telling employees that its own version of OpenAI's ChatGPT can do the work of a research analyst, the Financial Times reported on Friday.The lender, the biggest in the United States, has given employees of i ...
Great rotation trade sees investors dump AI giants for less obvious stocks
SIGNS that equity investors are getting cold feet over the rapid advances in artificial intelligence (AI) leaders have put a spotlight on...
Japan June industrial output seen down on auto production suspention: Reuters poll
TOKYO : Japan's industrial output likely fell in June, reversing from gains made the previous month, led by suspension of some auto production, a Reuters poll found on Friday. Retail sales were seen rising last month, while job data will likely stay steady for the month, according to the poll. ...
Changi Airport’s Q2 passenger movements hits 98.2% of pre-pandemic level
Chong Xin Wei - CHANGI Airport had around 16.5 million passengers passing through its terminals in the second quarter of 2024, up 13.4 per cent from...
Changi Airport’s Q2 passenger movements reaches 98.2% of pre-pandemic level
Chong Xin Wei - CHANGI Airport had around 16.5 million passengers passing through in the second quarter of 2024, up 13.4 per cent compared to a...
Singapore ranks 19th in index tracking heat resilience in cities
Samuel Oh - SINGAPORE has been ranked 19th among 30 global cities for its preparedness to deal with extreme urban heat, said global research publication...
Singapore ranks 19th in new index tracking heat resilience in cities
Samuel Oh - SINGAPORE has been ranked 19th among 30 global cities for its preparedness to deal with extreme urban heat, said a global research...
China’s 10-year yield hits record low, testing PBOC patience
CHINA’S benchmark government bond yield fell to a record low, testing policymakers’ resolve to stem the move.
