Posts by Mark Darwin
Ride-hailing platform Lyft ties up with Anthropic for AI-powered customer care
LYFT said on Thursday (Feb 6) that it has tied up with Amazon and Alphabet-backed startup Anthropic to roll out artificial intelligence (AI) tools for the ride-hailing platform’s customer care operations. The company said it has been using Anthropic’s Claude AI model, through Amazon’s Bedrock generative AI platform, which has helped reduce the average customer…
Read MoreGold set for sixth successive weekly gain; US jobs data in focus
GOLD prices steadied on Friday (Feb 7) near record-high levels, and were headed to log their sixth successive weekly gain, as trade war jitters lifted safe-haven demand, while investors awaited the non-farm payrolls data for cues on the US economic health. Spot gold was up 0.1 per cent at US$2,859.59 per ounce, as at 0038…
Read MoreSingapore shares rise at Friday’s open; STI up 0.1%
SINGAPORE shares began Friday (Feb 7) trading in positive territory as markets abroad mostly closed higher. As at 9.01 am, the Straits Times Index (STI) was up 0.1 per cent or 5.47 points at 3,835.89. Across the broader market, gainers outnumbered losers 64 to 29 after 29.7 million securities worth S$64.3 million changed hands. CapitaLand…
Read MoreSingtel secures S$643 million green loan for new data centre in Tuas
SINGTEL’S regional data centre arm, Nxera DCT, has secured a S$643 million five-year green loan to finance the development of a new 58 megawatt data centre in Singapore. Participating banks are DBS, OCBC, Standard Chartered, HSBC and UOB. On Friday (Feb 7), the telecommunications giant said the loan proceeds will go towards funding the…
Read MoreApple’s long-awaited overhaul of iPhone SE nears release
APPLE plans to unveil a long-anticipated overhaul of the iPhone SE in the coming days, a move that will modernise its lower-cost model in a bid to spur growth and entice consumers to switch from other brands. The company expects to announce the device as early as next week, ahead of it going on sale…
Read MoreAmazon offers weak outlook on rising spending for AI
AMAZON.COM projected profit in the current quarter that fell short of analysts’ estimates, suggesting the company continues to ramp up spending to support artificial intelligence (AI) services. Operating income will be US$14 billion to US$18 billion in the period ending in March, the company said on Thursday (Feb 6). Analysts, on average, projected US$18.2 billion,…
Read MoreBRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 million STEEL fabricator BRC Asia on Thursday (Feb 6) announced its profit after tax rose 13.9 per cent to S$19.5 million for the quarter ended Dec 31, 2024, compared to S$17.1 million in the corresponding year-ago period. This is despite revenue…
Read MoreJapan Foods sinks into the red with 9M loss of S$2.9 million
JAPAN Foods sank into the red with a net loss of S$2.9 million for the nine months ended Dec 31, 2024, compared with a net profit of S$668,000 in the corresponding year-ago period. This was mainly due to higher operating expenses, attributed to an increased number of operating outlets in the 9M period, the group…
Read MoreShein,Temu retailers slapped with 30% levy on US bound goods
Chinese retailers that sell on Shein and PDD Holdings’ Temu platform say they have been asked by logistics agents to start paying an additional 30 per cent levy after President Donald Trump earlier this week hiked tariffs on goods imported to the US from China and Hong Kong. The vendors received notifications about the new…
Read MoreMaersk Q4 profit beats forecast, expects softer 2025 earnings
The Danish company, viewed as a barometer of world trade, said it expects an underlying Ebitda result of between US$6 billion and US$9 billion this year MAERSK on Thursday (Feb 6) reported fourth-quarter profits above forecasts and said it expects earnings this year to trail last year’s level amid considerable macroeconomic uncertainties which could impact…
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