Posts by Mark Darwin
US: Stocks finish mixed as Nvidia rebound boosts Nasdaq
US STOCKS finished mixed on Tuesday, as Nvidia reversed a recent decline to finish the day almost seven percent higher, pushing up the Nasdaq. The Dow Jones Industrial Average closed 0.8 per cent lower at 39,112.16, while the broad-based S&P 500 closed 0.4 per cent higher at 5,469.30. The tech-rich Nasdaq Composite Index was the top performing…
Read MoreLVMH snaps up luxury Swiss clock maker L’Epee 1839
LVMH, the world’s largest luxury group, has acquired Switzerland-based speciality clock maker L’Epee 1839, boosting its expertise in high-end watch making, the company said on Tuesday (Jun 25). The acquisition comes as luxury groups seek to cater to shoppers at the very high end of the market as the rising cost of living dampens demand…
Read MoreAsian investors expected to grow gold investments: survey
Increasing number of regional asset owners see gold as ‘core asset’ for the long term MORE investors across Asia-Pacific are treating gold as a core asset in their portfolios, according to a survey by State Street Global Advisors (SSGA) and the World Gold Council (WGC). The Gold Perceptions Survey released on Wednesday (Jun 26) found…
Read MoreFord recalls 668,000 2014 F-150 pickup trucks over transmission issue
Ford Motor said on Tuesday (Jun 25) it is recalling 668,000 F-150 pickup trucks worldwide from the 2014 model year because vehicles can unexpectedly downshift into the first gear causing a loss of driver control or rear-wheel lockup. A loss of signal can cause a transmission downshift, regardless of vehicle speed, the company told the…
Read MoreJTC launches site in Kallang Way with condition for building to be retained
This is the first time the state landlord wants an existing terrace factory to be preserved and adapted for continued industrial use JTC has launched an industrial sales site in Kallang Way with the requirement for an old building to be reused – the first time the state landlord is seeking for an existing terrace…
Read MoreChinese AI firms woo OpenAI users as US company plans API restrictions
CHINESE artificial intelligence(AI) companies are moving swiftly to attract users of OpenAI’s technology, following reports that the US firm plans to restrict access to its API in China and other countries. ChatGPT maker OpenAI is planning to block access to technology used to build AI products for entities in China and some other countries, Chinese…
Read More👾 ChatGPT, is AI coming for my job?
Find out more and sign up for thrive at bt.sg/thrive 👺 A real threat? A study conducted by US researchers last year found that freelance graphic designers and copywriters saw a significant decline in the number of jobs they received within a few months of ChatGPT’s launch.
Read MoreCanada to curb China EV imports as Trudeau responds to Biden move
Canada is clamping down on imports of Chinese-made electric vehicles, as Prime Minister Justin Trudeau’s government seeks to align itself with the Biden administration on trade. Finance Minister Chrystia Freeland announced the start of a 30-day public consultation period – the first stage before Canada can bring in tariffs on Chinese EVs. The government’s plan…
Read MoreVietnam’s SeABank plans to issue nation’s first blue bond
VIETNAMESE lender Southeast Asia Commercial Joint Stock Bank (SeABank) plans to issue the country’s first blue bond as part of a US$150 million financing package from the International Finance Corporation (IFC). IFC will subscribe the US$25 million US dollar-denominated five-year blue bond issued by the bank, as well as US$50 million in five-year US dollar-denominated…
Read MoreIndia kicks off US$11.5 billion spectrum auction; analysts expect lacklustre bidding
A total of 10 GHz of radiowaves is up for sale in this auction, ranging between 800 MHz to 26 GHz India has offered telecom spectrum worth around US$11.53 billion for auction on Tuesday (Jun 25), it said in a release, even as analysts expect lacklustre participation from players as they shore up their existing…
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