South Korea's LG Electronics plans to raise up to US$1 billion with dollar bonds: Report
SYDNEY: South Korea's LG Electronics is aiming to raise up to US$1 billion in a dollar bond deal, according to three sources with direct knowledge of the matter. The company has mandated investment banks to work on a 3-year and 5-year dollar bond deal, according to a term sheet seen by Reuters ...
Micron poised to get over US$6 billion in chips grants in announcement next week
MICRON Technology, the largest US maker of computer memory chips, is poised to get US$6.1 billion in grants from the Commerce Department to help pay for domestic factory projects, part of an effort to bring semiconductor production back to American soil.
BOJ's Noguchi says future rate hikes likely to be slow
TOKYO :Bank of Japan board member Asahi Noguchi said on Thursday that the pace of future rate hikes by the central bank will likely be far slower than the aggressive rate hikes of other major central banks. "With regard to the pace of policy rate adjustment, it is expected to be slow, at a pace ...
Bank of Japan's Noguchi says future rate hikes likely to be slow
TOKYO: Bank of Japan board member Asahi Noguchi said on Thursday (Apr 18) the pace of future rate hikes would likely be much slower that of its global peers in recent tightenings, as the impact of rising domestic wages has yet be fully passed onto prices. "With regard to the pace of policy rate ...
Gold gains as Middle East tensions lift safe-haven appeal
GOLD prices climbed on Thursday (Apr 18) as concerns about the Middle East war extending to other regions boosted demand for the safe-haven metal.
Citi says Wall Street is wrong to slash Fed rate-cut bets
Bloomberg - Economists at Citigroup Inc are going out on a limb by wagering that virtually everyone on Wall Street is wrong about the Federal Reserve. After three straight months of slightly faster-than-expected inflation readings, rivals at Bank of America Corp, Goldman Sachs Group, Morgan Stanley, and other b ...
New Cadence supercomputers aim to speed creation of chips, software
CADENCE Design Systems on Wednesday (Apr 17) introduced the latest version of supercomputer based around a custom computing chip designed to speed up the creation of other computing chips and the software that will run on them.
GKE resumes buybacks after 42 months; Luong streamlines hold over JEP
The Edge Singapore -
Dollar takes a breather as investors ponder US rates outlook
SINGAPORE : The dollar was soft on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive for a while longer.The dollar has been rising in recent weeks as a slew of stron ...
Dollar rally stalls after rare FX warning from finance chiefs
LONDON :The dollar fell for a second day on Thursday after a rare warning by the finance chiefs of the United States, Japan and Korea over the sharp decline in other currencies, which in turn offered the yen some rare respite. The yen got a modest lift after Japan's top currency diplomat Masato ...
Dollar rally pauses as yen finds support on G7 assurance
SINGAPORE/TOKYO :The dollar softened on Thursday as traders assessed the U.S. interest rates outlook in the wake of comments from Federal Reserve officials that cemented expectation of monetary settings remaining restrictive for a while longer.The yen, meanwhile, briefly strengthened as Japan's ...
Singapore shares climb at Thursday’s open; STI up 0.3%
Benicia Tan - SINGAPORE stocks advanced on Thursday (Apr 18) morning, despite losses in the US market and mixed results in regional markets.
China education firms learn tough lessons overseas
WAN Fei, a Chinese expatriate in Singapore, has noticed an increasing number of Chinese companies eager to mould her first-grade daughter’s mind and tap into her wallet.
TSMC set to report 5% rise in first-quarter profit on strong AI chip demand
TAIPEI: Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5 per cent rise in first-quarter profit on Thursday (Apr 18) thanks to strong demand. The world's largest contract chipmaker, whose custom ...
TSMC's first quarter profit rises 9%, beats forecasts
TAIPEI: Taiwanese chipmaker TSMC posted a 9 per cent rise in first-quarter net profit on Thursday (Apr 18) that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's la ...
Oracle to invest over US$8 billion in Japan in cloud computing, AI
Oracle said on Wednesday it will invest more than US$8 billion over the next 10 years to meet demand for cloud computing and AI infrastructure in Japan. The latest investment will grow the footprint of Oracle Cloud Infrastructure (OCI), the company's cloud computing service, across Japan, Oracl ...
Oracle to invest over $8 billion in Japan in cloud computing, AI
Oracle said on Wednesday it will invest more than US$8 billion over the next 10 years to meet demand for cloud computing and AI infrastructure in Japan.
A deep dive into China’s expectations-beating GDP growth
CHINA’S GDP grew 5.3 per cent year on year in the first quarter, surpassing market expectations of 4.9 per cent and the previous quarter’s 5.2 per cent, indicating the economic recovery was accelerating.
S Korea market watchdog urges companies to listen carefully to shareholders
SEOUL : South Korea's financial watchdog chief said on Thursday companies should pay more attention to shareholder voices, as the government seeks to boost the domestic stock market by bringing in reforms to encourage higher shareholder returns. "I ask that companies listen carefully to sh ...
South Korea market watchdog urges companies to listen carefully to shareholders
SEOUL: South Korea's financial watchdog chief said on Thursday (Apr 18) companies should pay more attention to shareholder voices, as the government seeks to boost the domestic stock market by bringing in reforms to encourage higher shareholder returns. "I ask that companies listen careful ...
Oil inches up after US reimposes Venezuela oil sanctions
TOKYO : Oil prices rose in early trade on Thursday, slightly paring the previous session's losses after the United States said it would reinstate oil sanctions Venezuela, while the European Union talked of fresh curbs on Iran. Brent futures were up 10 cents, or 0.11 per cent, at $87.39 a barrel ...
Oil extends losses on easing Middle East tension, demand concerns
LONDON :Oil prices extended losses on Thursday after a 3 per cent drop in the previous session, as investors switched focus to signs that a wider conflict in the key Middle East could be avoided, as well as demand concerns.Brent futures were down 63 cents, or 0.72 per cent, at $86.66 a barrel, while ...
Billionaires selling cheap stuff get richer from inflation pain
NOT everyone is a loser when it comes to inflation.
Boeing whistleblower details his concerns to Congressional panel
A BOEING engineer who went public last week with safety concerns about the company’s 787 Dreamliner told a Senate panel on Wednesday that he was concerned that shortcuts the company was taking would eventually lead to a crash if they continued unchecked.
First law protecting consumers' brainwaves signed by Colorado governor
Colorado Governor Jared Polis on Wednesday signed into law the first measure passed in the U.S. that aims to protect the data found in a person's brainwaves. Sponsors of the bill said it was necessary as quick advances in neurotechnology make scanning, analyzing and selling mental data increasi ...
UBS plans next round of layoffs in Credit Suisse integration
UBS Group is planning another round of job cuts as the firm continues to trim headcount following its rescue of Credit Suisse, according to sources with knowledge of the matter.
Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
Michelle Zhu - THE following companies saw new developments that may affect trading of their securities on Thursday (Apr 18):
Philippine central bank’s deputy governor sees upside risks to inflation
THE Philippine central bank is committed to maintaining price stability as risks to inflation remain on the upside, according to its deputy governor.
Amazon to push cashierless shopping tech into more third-party stores, while backing off itself
AMAZON.COM said on Wednesday (Apr 17) it plans to push its cashierless shopping technology into more third-party stores this year, even as it reduces its reliance on the technology in its own.
IMF says US, China debt pose risks for global public finances
THE world’s two great economic rivals, China and the United States, will drive much of the increase in global public debt over the next five years, with American spending creating trouble for many other countries by keeping interest rates high, officials at the International Monetary Fund (IMF) sa ...
US economy growing at ‘modest’ pace in many regions: Federal Reserve
ECONOMIC activity in the United States continues to pick up steam, with “modest” growth seen in many parts of the country since late February, the Federal Reserve said on Wednesday.
Micron set to get $6 billion in chip grants from US, Bloomberg reports
Micron Technology Inc is set to get more than $6 billion in grants from the U.S. Commerce Department to help pay for domestic chip factory projects, Bloomberg News reported on Wednesday.
Japan’s Uniqlo opens Rome store as part of European expansion
JAPAN’S Uniqlo will open the doors on its new Rome store on Thursday (Apr 18), an important part of plans by owner Fast Retailing to further accelerate growth in Europe and North America.
Federal Reserve will cut interest rates ‘at some point, but no hurry, says Mester
CLEVELAND Federal Reserve Bank Loretta Mester on Wednesday said that she expects price pressures to ease further this year, allowing the Fed to reduce borrowing costs, but “we want to be pretty confident” inflation is heading sustainably to the Fed’s 2 per cent goal before cutting interest rat ...
