Posts by Stephanie Irvin
US: Wall Street opens at record highs on US-China trade hopes
WALL Street’s main indexes opened at record highs on Monday (Oct 27), as expectations of a US-China trade truce fuelled risk-taking in a week packed with Big Tech earnings and a likely Federal Reserve rate cut. As at 09.30 am ET, the Dow Jones Industrial Average rose 315.67 points, or 0.67 per cent, to 47,530.09,…
Read MoreReal estate directors continue to build interests
[SINGAPORE] Over the four trading sessions from Oct 17 to 23, institutions were net buyers of Singapore stocks, with net institutional inflow of S$57 million, partially reversing the S$167 million net institutional outflow for the preceding week. Stocks with the highest net institutional inflows included Singtel , Keppel , City Developments Ltd , Yangzijiang Shipbuilding…
Read MoreWhy Most Marketing Agencies Fail Their Clients
I’ve never had a good experience with a marketing agency. And I’m not alone. Chances are you’ve worked with several bad ones and maybe, if you’re lucky, found a good one. This reality shaped my approach when I founded Hawke Media. I wanted to create something different—not just another agency that promises the moon but…
Read MoreiFast Q3 net profit rises 54.7% to S$26 million on overall revenue growth
[SINGAPORE] Digital bank and wealth management platform iFast posted a 54.7 per cent rise in net profit to S$26 million for its third quarter ended Sep 30, from S$16.8 million in the previous corresponding period. Earnings per share stood at S$0.0856 for the quarter, up from S$0.0564 the previous year. Meanwhile, revenue was up 37…
Read MoreAnthropic to use Google’s AI chips worth tens of billions to train Claude chatbot
ANTHROPIC is expanding its deal with Google to use as many as one million of the tech giant’s artificial intelligence chips, worth tens of billions of dollars, as the startup races to advance its AI systems in the competitive market. Under the deal announced on Thursday, Anthropic will have access to more than one gigawatt of computing…
Read MoreStandard Chartered issues payment demand to mm2 Asia units over S$905,000 debt
[SINGAPORE] Standard Chartered has issued letters of demand to two associated companies of entertainment group mm2 Asia, seeking repayment of S$905,582.87 by Thursday (Oct 23). The letters, dated Oct 16, were addressed to mm Connect and Cathay Cineplexes, for which mm2 Asia acted as guarantor. Cathay Cineplexes ceased operations in September after entering voluntary liquidation.…
Read MoreNomura CEO seeks to tap more private market bets from Japanese
[TOKYO] Nomura Holdings’ chief executive officer sees more scope to get business from Japanese investors who are looking to private markets as a way to diversify their assets. “Compared with the share of private assets in portfolios overseas, Japan’s exposure is still quite low,” CEO Kentaro Okuda said in an interview broadcast on TV Tokyo…
Read More5 Ways You’re Reducing the Lifespan of Your Office Assets
Your office space is more than just four walls and a few desks; it is a significant financial investment. From ergonomic chairs and cutting-edge tech to flooring and fixtures, every item contributes to your business’s operational efficiency and professional image. However, many businesses inadvertently engage in practices that can shorten the lifespan of their office…
Read MoreOpenAI recruits ex-bankers to train AI to eliminate banking grunt work
Participants are paid US$150 per hour to write prompts and build financial models for a range of transaction types [NEW YORK] OpenAI has more than 100 ex-investment bankers helping train its artificial intelligence on how to build financial models as it looks to replace the hours of grunt work performed by junior bankers across the…
Read MoreBHP bets on iron ore resilience despite China slowdown; Q1 output misses
BHP Group on Tuesday struck an upbeat note on global iron ore demand even as it warned of cooling growth in China, while first-quarter output for the steelmaking element slightly missed estimates on maintenance works at Port Hedland. “Overall macro-economic signals for commodity demand remain resilient, and global growth forecasts are moving higher,” said CEO…
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