Posts by Swedan Margen
Rich Japanese still fear a yen crash, UBS wealth manager says
[NEW YORK] Speculators and much of the investing world have turned optimistic on the yen as Trump’s trade war keeps markets on edge. But there’s one key holdout that is not ready for bullishness: Japan’s richest citizens, worried about the economic outlook, according to a global wealth manager. That’s in part because the country’s most…
Read MoreSasseur Reit posts 1.6% rise in Q1 rental income to 175.4 million yuan
[SINGAPORE] The global tariffs imposed by the US and the push by the Chinese government to boost domestic consumption provide Sasseur Real Estate Investment Trust (Sasseur Reit), which owns four outlet malls in China, with a “window of opportunity” to grow, said the Reit manager on Thursday (May 15). Speaking at the Reit’s earnings brief…
Read MoreNationalisation not on the cards: SingPost CFO
[SINGAPORE] Singapore Post (SingPost) on Thursday (May 15) ruled out the possibility of a nationalisation of the postal service provider, even as it said it is working with the Singapore government to come up with an operating model that is profitable and sustainable. “Nationalisation is not on the cards,” said SingPost group chief financial officer…
Read MoreManulife US Reit portfolio occupancy falls to 69.9% for Q1
[SINGAPORE] Manulife US Real Estate Investment Trust (MUST) posted a portfolio occupancy of 69.9 per cent on Thursday (May 15) for its first quarter ended March, down from 73.9 per cent in the previous quarter. The pure-play US office Reit manager explained that this was largely due to the expiry of leases at its Diablo…
Read MoreAI chipmaker AMD unveils US$6 billion buyback plan
[BENGALURU] Advanced Micro Devices (AMD) on Wednesday (May 14) announced a new US$6 billion stock buyback plan, joining a string of chipmakers that are looking to reduce their float as the artificial intelligence (AI) trade that has powered their shares shows some signs of slowing. Shares of the Santa Clara, California-based company rose as much…
Read MoreApple readies feature that lets Vision Pro users scroll with their eyes
[LOS ANGELES] Apple is developing a feature for its Vision Pro headset that lets users scroll through software with their eyes, aiming to enhance the device with a novel interface. The eye-scrolling capability is being tested as part of visionOS 3, an upcoming version of the Vision Pro’s operating system, according to sources with knowledge…
Read MoreBoeing marks comeback from crisis with record Qatar Airways deal
[DUBAI] A year after Boeing slogged through a deep executive shakeup and prolonged existential crisis, the US planemaker just landed its biggest-ever aircraft order, propelled by a powerful endorsement from US President Donald Trump. Chief executive officer Kelly Ortberg signed an accord for as many as 210 widebody aircraft from Qatar Airways, including the 787…
Read MoreWaymo recalls more than 1,200 automated vehicles after minor crashes
Waymo, the autonomous ride-hailing company that launched its services in Los Angeles late last year, is recalling more than 1,200 vehicles due to a software defect, the National Highway Traffic Safety Assn. said Wednesday. The recall comes after a series of minor crashes with gates, chains and other obstacles in the road that did not…
Read MoreWhen a Writer Takes to the Stage
Writers who contemplate going onstage tend to fall into two camps: those who know better and those who should but don’t. Of the second kind, The New Yorker has, over its hundred years, produced quite a few. Robert Benchley, one of the magazine’s founding voices (if on permanent loan from the Algonquin circle), was perhaps…
Read MoreQatar Airways signs US$200 billion deal for 160 Boeing jets during Trump visit
Published Wed, May 14, 2025 · 11:01 PM [DOHA] State carrier Qatar Airways signed a deal on Wednesday (May 14) to purchase jets from US manufacturer Boeing during President Donald Trump’s visit to the Gulf Arab country. Trump said the deal was worth US$200 billion and included 160 jets. Trump and Qatar’s Emir Sheikh Tamim…
Read MoreUS: Wall St opens higher as trade optimism holds
Published Wed, May 14, 2025 · 09:44 PM [NEW YORK] Wall Street’s main indexes opened higher on Wednesday (May 14) after the week’s strong start, as soft inflation data and the US-China tariff truce boosted sentiment, while Donald Trump’s Gulf tour stoked expectations of additional trade agreements. The Dow Jones Industrial Average rose 9.7 points,…
Read MoreChina’s CATL set to price shares at HK$263 each in US$4.6 billion Hong Kong listing: sources
[SYDNEY] Chinese battery maker CATL is set to price its shares at HK$263 each and increase the size of the company’s Hong Kong listing, according to two sources with direct knowledge of the matter, raising about US$4.6 billion. It would be the largest listing globally in 2025, according to LSEG data. Prospective investors have been…
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