Posts by Mark Darwin
US: Wall St subdued at open after previous session’s jump; earnings in focus – The Business Times
US main stock indexes opened flat to slightly lower on Thursday (Jan 23), as investors paused after Wall Street’s strong performance in the previous session and focused on corporate earnings, economic data and President Donald Trump’s remarks – all lined up through the day. The Dow Jones Industrial Average fell 43.2 points, or 0.10 per…
Read MoreAI Takes Over Insurance: Should You Be Worried?
Artificial intelligence is making waves across various sectors, and the insurance industry is no exception. As more companies dive into AI, questions arise about its impact on jobs, decision-making processes, and ethical considerations. There’s excitement about the potential benefits, but also concern about the possible downsides. So, should you be worried about AI taking over…
Read MoreSportswear giants Adidas and Puma weighing job cuts – The Business Times
GERMAN sportswear giants Adidas and Puma have both said they are seeking to reduce costs, including through possible job cuts, as they aim to bolster profits. Adidas said it wanted to ensure “long-term success” and had “begun examining how we can adapt our business’s structures to the reality of our work”. This could impact the…
Read MoreMeta, WhatsApp win relief as India tribunal suspends data sharing ban – The Business Times
AN INDIAN tribunal temporarily suspended a five-year data sharing ban between WhatsApp and owner Meta Platforms, a major relief for the US giant which had warned its advertising business will be affected. Meta had challenged the Competition Commission of India’s (CCI) directive issued in November that imposed a ban on data sharing between WhatsApp and…
Read MoreHSBC’s payments app closure puts around 400 jobs at risk: source – The Business Times
Additional lower-ranking job cuts are also expected in the first quarter, with bank management keen to offset headwinds to earnings from lower interest rates, China’s economic chills and geopolitical tensions HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the matter said, as CEO…
Read MoreJapanese investors boost foreign stock purchases on Fed rate-cut hopes – The Business Times
JAPANESE investors raised their holdings in foreign stocks, driven by a benign US core inflation report that fuelled expectations of Federal Reserve cuts and boosted global equities, while a strong yen also lifted domestic buying power. They invested a net 489.8 billion yen (S$4.2 billion) into overseas stocks, for a sixth straight week through Jan…
Read MoreCut-off yield on latest Singapore 1-year T-bill inches up to 2.95% – The Business Times
SINGAPORE’S latest one-year tranche of Treasury bills (T-bills) is offering a cut-off yield of 2.95 per cent, auction results released by the Monetary Authority of Singapore indicated on Thursday (Jan 23). This is up 0.24 percentage point from the 2.71 per cent offered in the auction for the previous one-year tranche in October last year.…
Read MoreSoftBank, OpenAI plan US$19 billion each for Stargate: report – The Business Times
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI) endeavour President Donald Trump unveiled this week, the Information reported. The two companies would then both own 40 per cent of Stargate, the tech outlet said, citing comments by chief executive officer Sam Altman…
Read MoreLey Choon surges 15% as investors positive on construction upturn – The Business Times
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the stock is worth watching as the company is set to ride the construction upturn. When the market opened, the counter rose 14.6 per cent or S$0.007 to S$0.055, with about 2.5 million shares changing…
Read MoreAscott bags 16 new signings under Oakwood portfolio to tap growing ‘bleisure’ market – The Business Times
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up 30 per cent from the previous year. This includes a bumper crop of four Oakwood Premier signings into new cities – Adelaide, Bali, Shenzhen and Singapore – since the brand refreshed early last…
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