Posts by Stephanie Irvin
US: Wall St opens flat as US polls, Fed decision loom large
US STOCKS opened flat on Monday (Nov 4), as traders stayed away from large bets in an action-packed week in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate. The Dow Jones Industrial Average fell 53.32 points, or 0.13 per cent, at the open to…
Read MoreUAE’s Adnoc to deploy autonomous AI in the energy sector for the first time
UAE energy giant Adnoc will apply highly autonomous agentic artificial intelligence in the energy industry for the first time, in partnership with G42, Microsoft and AIQ, its CEO Sultan Al Jaber said on Monday (Nov 4) at an industry event in Abu Dhabi. The UAE, a wealthy oil producer and longtime security partner of the…
Read MorePolice search PwC Sydney office amid tax scandal investigation
POLICE combed through PwC Australia’s Sydney office on Monday (Nov 4) as part of an ongoing investigation into the firm’s tax scandal. Chief executive Kevin Burrowes warned partners to expect a law enforcement presence at the site to examine files as part of the inquiries, according to a PwC spokeswoman. The Australian Financial Review earlier…
Read MoreOil prices jump over 1% on delayed Opec+ output hike
OIL prices rose by more than US$1 in early trading on Monday (Nov 4) after Opec+ said on Sunday it would delay a planned December output hike by one-month due to soft demand and rising supply outside the group. Brent futures rose by US$1.18 per barrel, or 1.61 per cent, to US$74.28 a barrel by…
Read MoreApollo plans to double Asia-Pacific headcount in private wealth
APOLLO Global Management is looking to boost hiring in the Asia-Pacific region as it seeks to grow assets from wealthy clients. “We plan to double headcount for private wealth in Asia-Pacific in next two to three years,” said Edward Moon, head of Asia-Pacific global wealth management, adding that hiring will mostly come from Japan, Korea…
Read MoreChina urges France to get EU to arrive at palatable EV trade solution
CHINA has urged France to take on “an active role” to push the European Commission towards a solution acceptable to both the European and Chinese electric vehicle (EV) industries, Beijing’s commerce ministry said on Monday (Nov 4), citing its minister. Wang Wentao, in a meeting with French junior trade minister Sophie Primas in Shanghai on…
Read MoreStocks to watch: Genting Singapore, City Developments, Keppel Reit, Oxley
THE following companies saw new developments that may affect trading of their securities on Monday (Nov 4): Genting Singapore: Resorts World Sentosa (RWS) chief casino operator Andrew MacDonald stepped down on Friday, Genting Singapore, the owner of RWS, said on Saturday. This comes after MacDonald, a former Marina Bay Sands (MBS) employee, said in August…
Read MoreThe huge risk in seeking ‘safety’
GOT acrophobia? Fear of heights is common around all-time stock-market highs – such as now.
Read MoreBoeing bankers grab up to US$300 million in capital raise fees
BOEING’s US$20 billion-plus capital raise delivered four banks a hefty payday just as equity market issuance began to cool ahead of the US election. Goldman Sachs, Bank of America, Citigroup and JPMorgan are each expected to earn as much as US$75 million for their roles as lead joint bookrunners on the equity raise, based on…
Read MoreWalt Disney forms business unit to coordinate use of AI, augmented reality
WALT Disney is forming a new group to coordinate the company’s use of emerging technologies such as artificial intelligence (AI) and mixed reality, as the media giant explores applications across its film, television and theme park divisions. The newly formed Office of Technology Enablement will be led by Jamie Voris, the film studio’s chief technology…
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