Posts by Mark Darwin
Meta fends off AI-aided deception as US election nears
RUSSIA is putting generative artificial intelligence (AI) to work in online deception campaigns, but its efforts have been unsuccessful, according to a Meta security report released on Thursday (Aug 15). The parent company of Facebook and Instagram found that so far AI-powered tactics “provide only incremental productivity and content-generation gains” for bad actors and Meta…
Read MoreCapitaLand Investment unit prices S$350 million in senior notes at 3.58%
They will be issued under the S$6 billion euro medium-term note programme established by CLI Treasury in 2021 CAPITALAND Investment (CLI) on Thursday (Aug 15) announced its wholly-owned unit CLI Treasury Limited has priced the offering of S$350 million worth of senior notes due 2035 at a fixed rate of 3.58 per cent. The notes…
Read MoreStarbucks’ US$113 million deal puts Niccol among top-paid CEOs
THE chief executive officer switch atop Starbucks is poised to cost the coffee chain at least US$120 million, and possibly more, as the board bets on a change of leadership to turn the business around. Brian Niccol will start next month with a pay package worth US$113 million, a large part of which is equity…
Read MoreGrab’s Q2 loss narrows to US$53 million, but misses analyst estimates
NASDAQ-LISTED Grab on Thursday (Aug 15) posted a loss of US$53 million for the second quarter ended Jun 30, trimmed from a US$135 million loss in the corresponding year-ago period. The improved loss, however, missed estimates of a US$43.4 million loss in a poll of eight analysts by Bloomberg. Revenue for the three months was…
Read MoreTapestry beats revenue, profit estimates on steady demand for Coach handbags
COACH parent Tapestry beat Wall Street expectations for fourth-quarter results on robust demand for its popular Tabby handbags, signalling resilient interest for affordable luxury goods despite a global spending slowdown. The company’s shares rose 8 per cent in premarket trading on Thursday (Aug 15). Demand for trendy high-end bags, apparel, and accessories from higher-income shoppers…
Read MoreUOB Kay Hian H1 profit up 64.3% to S$113.9 million
UOB Kay Hian reported on Thursday (Aug 15) a net profit of S$113.9 million for the six months ended Jun 30, up 64.3 per cent from S$69.3 million in the previous corresponding period. Revenue increased 10.2 per cent to S$317.1 million compared to S$287.8 million in the year-ago period. On a per-share basis, earnings were…
Read MorePositive economic data from China and Japan lifts regional stocks; STI up 0.9%
SINGAPORE shares rose on Thursday (Aug 15) amid strong retail sales and gross domestic product data from China and Japan, respectively. The benchmark Straits Times Index (STI) rose 0.9 per cent or 29.45 points to 3,315.73. Across the broader market, gainers beat losers 314 to 263 after one billion securities worth S$1.3 billion were traded.…
Read MoreUBS puts 1.88 billion francs Credit Suisse real estate fund into liquidation
UBS has put a real estate fund of its former competitor Credit Suisse worth over US$2 billion into an “orderly liquidation” as at Thursday (Aug 15), the Swiss bank said. The Credit Suisse Real Estate Fund International’s total net assets were worth 1.88 billion Swiss francs (S$2.9 billion) as of the end of June, UBS…
Read MoreHot stock: AEM falls as much as 19.2% after earnings miss
Revenue declines 36.9% following weaker demand from its key semiconductor customer SHARES of AEM tumbled on Thursday (Aug 15), after the semiconductor test equipment maker posted a 95.4 per cent fall in net profit to S$895,000 for the first half of the fiscal year. As at 10.03 am, the counter fell as much as 19.2…
Read MoreLatest Singapore 6-month T-bill offers 3.34% cut-off yield
The auction has received S$16 billion in applications, representing a bid-to-cover ratio of 2.32 THE cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 3.34 per cent, auction results released by the Monetary Authority of Singapore on Thursday (Aug 15) indicated. This is down from the 3.4 per cent offered in the…
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