Posts by Stephanie Irvin
Amazon counts on ‘grit and innovation’ to meet AI surge
THE artificial intelligence (AI) revolution is upon us with companies around the world looking to jump headfirst into the technology made famous by ChatGPT. To satisfy their generative AI urge, firms need to secure state-of-the-art software and ramp up computing power, which quickly brings them knocking on the doors of the globe’s cloud computing giants,…
Read MoreAsia: Markets track Wall Street records as Powell revives rate hopes
ASIAN stocks rose on Wednesday following fresh records on Wall Street after Federal Reserve chief Jerome Powell fanned hopes of an interest rate cut by saying the battle against inflation had made “progress” and the job market was cooling. After a run of above-forecast data and warnings from central bank officials suggesting a monetary policy…
Read MoreBYD plays winning hand in China EV market with hybrid models
A YAWNING gap has opened up among China’s electric-vehicle (EV) stocks with BYD beating all comers due to its latest technological rollout. The carmaker’s shares have defied heavy losses in EV stocks around the world to gain more than 6 per cent in Hong Kong this year thanks to the introduction of the fifth generation…
Read MoreJapan’s first new banknotes in 20 years use holograms to defeat counterfeits
JAPAN began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters. The notes use printed patterns to generate holograms of the portraits facing different directions, depending on the angle of view, employing a technology that Japan’s…
Read MoreStablecoin issuer Paxos names Jeannie Lim as executive director in Singapore
PAXOS Trust named Jeannie Lim, who was most recently head of messaging payments at Meta Platforms in Singapore, as the stablecoin issuer’s executive director at Paxos Singapore. “Jeannie will be responsible for developing and driving Paxos’ strategic vision and goals for the Apac region,” a spokesperson at New York-headquartered Paxos wrote in an e-mail. “She…
Read MoreStocks to watch: Keppel, Cromwell E-Reit, Accrelist
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jul 3): Keppel: It has merged two indirect wholly owned subsidiaries, Keppel Fund Management (KFM) and Keppel Capital Alternative Asset, to streamline the company’s organisational structure. Both subsidiaries are licensed fund managers, and KFM will continue as a surviving entity. Shares…
Read MoreCrude falls as Hurricane Beryl fears fade
BRENT and US West Texas Intermediate (WTI) crude closed down on Tuesday as fears of supply disruptions caused by Hurricane Beryl faded throughout the day on Tuesday. Brent crude futures settled down 36 cents, or 0.42 per cent, at US$86.24 a barrel. US West Texas Intermediate (WTI) crude settled at US$82.81 a barrel, down 57…
Read MoreEurope: Stocks slide as French election, rate nerves persist
EUROPEAN stocks fell to two-week lows on Tuesday as the relief rally in French shares following the first round of parliamentary elections faded, while data pointed to elevated services inflation in the euro zone. The pan-European Stoxx 600 index ended 0.4 per cent lower, off near two-month lows hit earlier in the session. Insurers dropped 1.6…
Read MoreUS dollar dips as Fed’s Powell’s dovish comments offset upbeat jobs data
THE US dollar slipped on Tuesday (Jul 2) in choppy trading after Federal chair Jerome Powell struck a slightly dovish tone in his comments, suggesting that the US central bank is more than likely to start its easing cycle later this year. Powell, in a monetary policy conference in Portugal, said the US economy has…
Read MoreLSEG announces multi-year news and data partnership with Dow Jones
THE London Stock Exchange Group (LSEG) announced a multi-year news and data partnership with Dow Jones that will include content from the Wall Street Journal, the companies said on Tuesday (Jul 2). Financial terms of the partnership were not disclosed. LSEG will also co-develop with Dow Jones an “enhanced news experience” for its Workspace platform…
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