Posts by Stephanie Irvin
Samsung adds generative AI to world’s best-selling TV lineup
SAMSUNG Electronics is expanding its artificial intelligence (AI) push with a new suite of enhancements for its premium TV lineup under the branding of Vision AI. The company’s AI-powered screens will be able to search online for information about what’s being displayed – such as identifying an actor or product – translate in real-time and…
Read MoreUBS targets Japan’s regional banks with senior sales hires
UBS Group hired three salesmen in Japan to boost its business selling high-yielding structured investments and other tailored derivative products to local financial firms, as activity heats up in this area. Former HSBC Holdings banker Shuhei Sanada joined the Swiss lender’s Tokyo brokerage arm on Jan 1 to lead sales for regional financial firms, according…
Read MoreSingPost cautions sale of Aussie assets not done deal; no definitive agreement yet for Famous Holdings
WHILE Singapore Post (SingPost) has been in discussions with various parties for the sale of its assets, there is no certainty that any transaction will arise, said the group on Monday (Jan 6). “In particular, no definitive or binding agreement in relation to the sale of Famous Holdings has been entered into at this time,”…
Read MoreYuan traders look to PBOC fixing to gauge level of FX support
THE yuan weakening past a level that China had been defending throughout December has returned the spotlight to its daily reference rate for the managed currency to gauge Beijing’s appetite to support it. Currency traders are waiting to see if the People’s Bank of China (PBOC) will set the so-called fixing at a level weaker…
Read More17Live aims to be the ‘izakaya’ of live-streaming services
Its business model is based on human connections, interactions and engagement, says CEO WHEN 17Live chief executive Jiang Honghui thinks of the streamers on his platform, he does not see them as rock stars performing for large groups of fans. Instead, they are more akin to Japanese izakaya chefs hosting dinner for eight to 10…
Read MoreUS: Wall Street ends sharply higher with assist from tech; investors eye Trump policies
US STOCKS rebounded on Friday (Jan 3) as investors neared the end of a holiday-shortened week that also rang in a new year, which brought with it expectations of additional Federal Reserve rate cuts and looser regulatory policies from the incoming administration. A broad rally sent all three major US stock indexes to a higher…
Read MoreDebt capital market issuance volumes expected to remain ‘relatively stable’ in 2025
Financials, with strong issuances in the last 3 years, could remain major issuers in the Singapore dollar market in 2025, says portfolio manager SINGAPORE’S debt capital market bounced back after a lacklustre 2023, but still posted a mixed performance in 2024 in the wake of easing interest rates, attractive yields and persistent geopolitical headwinds, market…
Read MorePacificLight to build hydrogen-ready power plant by 2029
PACIFICLIGHT Power has been awarded the right to build, own and operate a hydrogen-ready combined cycle gas turbine (CCGT) on Jurong Island by the Energy Market Authority (EMA). This follows the authority’s June 2024 launch of its request for proposal for new generation capacity. On Friday (Jan 3), EMA said PacificLight was selected from a…
Read MorePacificLight to build S$1b hydrogen-ready power plant by 2029
PACIFICLIGHT Power has been awarded the right to build, own and operate a hydrogen-ready combined cycle gas turbine (CCGT) on Jurong Island by the Energy Market Authority (EMA). This follows the authority’s June 2024 launch of its request for proposal for new generation capacity. The total costs of the project are about S$1 billion, which…
Read MoreNvidia’s remarkable stock surge mints three board billionaires
NVIDIA’S banner year supercharged chief executive officer Jensen Huang’s net worth to new heights. It also boosted three of the chipmaker’s longest-serving board members into the billionaire ranks, in a virtually unheard-of feat of wealth creation. Tench Coxe, on Nvidia’s board since its startup days, is worth US$5.4 billion, according to the Bloomberg Billionaires…
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