Posts by Mark Darwin
China’s biggest shipping line added to US military blacklist
COSCO Shipping Holdings, China’s biggest marine transport line, has been blacklisted by the US government for alleged links with the People’s Liberation Army. The shipping line was named in a Federal Register filing on Tuesday (Jan 7) as qualifying as a Chinese military company as determined by the Pentagon, along with Tencent Holdings and Contemporary…
Read MoreAMD adds Dell as commercial PC customer for the first time
ADVANCED Micro Devices (AMD), the second-biggest maker of computer processors, said its chips will be used by Dell Technologies for the first time in personal computers (PCs) sold to businesses. The chipmaker unveiled new processors it says will make AMD-based personal computers the best at running artificial intelligence (AI) software. Dell has decided to use…
Read MoreSamsung CEO touts AI fridges and washers after year to forget
SAMSUNG Electronics is ramping up investment in artificial intelligence (AI) for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena. Samsung is counting on its unique market position as a leader in not just mobile devices but also home appliances…
Read MoreSingapore shares in the black on Tuesday; STI rises 0.2%
SINGAPORE shares ended Tuesday (Jan 7) in positive territory, even as overseas markets closed mixed. The benchmark Straits Times Index (STI) was up 0.2 per cent or 6.33 points at 3,828.17. Across the broader market, losers outnumbered gainers 320 to 223 after 847.1 million securities worth S$988.5 million changed hands. Regional indices were varied. Hong…
Read MoreTikTok ban thrusts Apple, Google into US-China geopolitical fray
TIKTOK creators are posting videos promoting ways to get around a looming shutdown of the app in the US, which could spell trouble for Apple, Alphabet’s Google and other American tech companies required by law to enforce the ban or risk potentially billions in fines. With less than two weeks to go before the ban…
Read MoreOpec output dips in December as UAE improves delivery of cuts
ORGANIZATION of Petroleum Exporting Countries ‘s (Opec) crude production dipped last month as the United Arab Emirates stepped up implementation of supply cutbacks aimed at buoying global oil markets. Output from the Opec fell by 120,000 barrels a day to 27.05 million a day, with the UAE accounting for most of the drop, according to…
Read MoreIntel says new laptop chips will extend computer battery life
INTEL, which has been fending off mounting competition in notebook processors, says a new range of chips will help enable the longest battery life available in laptops. New computers based on the latest version of its Core Ultra processors will go on sale starting this month, the company said on Monday (Jan 6) at CES,…
Read MoreUS Steel, Nippon Steel sue Biden administration over decision to block merger
US PRESIDENT Joe Biden violated the Constitution by blocking Nippon Steel’s US$14.9 billion bid for US Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on Monday (Jan 6). The companies want the federal court to scrap Biden’s decision to scuttle the deal so they can secure…
Read MoreLG CNS begins taking orders for Korea’s biggest IPO since 2022
LG CNS, whose services include cloud and warehouse management, is accepting bids until Jan 15 LG Corp’s tech-services unit started taking orders for an initial public offering in Seoul that may raise as much as US$816 million, which would make it South Korea’s largest IPO in three years. LG CNS, whose services include cloud and…
Read MorePace of SGX delisting may not slow down in 2025: analysts
With 20 delistings in 2024, the SGX faces ongoing challenges from low market liquidity, increasing regulatory scrutiny, and the growing appeal of…
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