Posts by Stephanie Irvin
CapitaLand Investment enhances reporting of Scope 3 emissions
CapitaLand Investment (CLI) has enhanced its Scope 3 emissions reporting with new categories and an expansion of existing categories. This follows the latest review of its full inventory of such emissions across its value chain, said CLI on Wednesday (Jun 5). Scope 3 emissions are the indirect emissions arising from a company’s supply chain. The real…
Read MoreTikTok says cyberattack targeted big names including CNN
TIKTOK on Tuesday (Jun 4) said it slammed the door on a cyberattack that targeted high-profile accounts including CNN. The number of accounts compromised was “very small” and TikTok has beefed up defences to thwart the method used by the hackers, according to a spokesperson. “We have taken measures to stop this attack and prevent…
Read MoreMicrosoft takes its AI push to customer service call centres
MICROSOFT on Tuesday (Jun 4) said it will introduce new artificial intelligence (AI) tools for customer service call centres. Microsoft, which has backed ChatGPT creator OpenAI, is taking AI technology into a number of fields of the business world with what it calls Copilot technology, which is capable of summarising e-mails and crafting PowerPoint slides…
Read MoreHPE reports sales that top estimates on boost from AI servers
HEWLETT Packard Enterprise (HPE) reported revenue that beat analysts’ estimates on a big jump in sales of servers built to handle artificial intelligence (AI) work. The shares rose in extended trading. Fiscal second-quarter revenue increased 3.3 per cent to US$7.2 billion, the company said on Tuesday (Jun 4). Wall Street projected a 2 per cent…
Read MoreOil drops as Opec+ boosts supply even though demand is shaky
OIL prices fell more than US$1 a barrel on Tuesday (Jun 4) on scepticism about an Opec+ decision to boost supply later this year into a global market where demand has already shown signs of weakness. Extending losses from a four-month low reached on Monday, Brent crude futures settled down 84 US cents, or 1.07…
Read MoreHSBC bolsters Saudi Arabia investment banking team to tap deals boom
HSBC Holdings named new heads for two of its investment banking businesses in Saudi Arabia to bolster its position in a hot spot for deal activity. Mehdi Benabdallah has been appointed as head of mergers and acquisitions in the kingdom while Ramez Halazun was named head of equity capital markets, according to an internal memo…
Read MoreGlobal Invacom, Green Build Technology added to SGX watch list
SATELLITE communications equipment provider Global Invacom : QS9 0% and green energy solutions provider Green Build Technology : Y06 0% will be placed on the Singapore Exchange Regulation’s watch list from Wednesday (Jun 5), as the exchange commences its half-yearly review. According to the listing rules, a company will be placed on the watch list…
Read MoreUS dollar regains footing after sharp drop but yen keeps rallying
THE US dollar bounced on Tuesday (Jun 4) after falling to its lowest against the euro, sterling and Swiss franc since mid-March overnight as signs of a softening US economy boosted the case for earlier Federal Reserve interest rate cuts. Yet the yen powered 0.6 per cent higher for a second day of solid gains…
Read MoreVolvo to issue world’s first EV battery passport ahead of EU rules
VOLVO Cars is launching the world’s first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters. The passport was developed by Volvo, which is owned by China’s Geely, in partnership with UK startup…
Read MoreHSBC opening 3 wealth centres in Singapore as part of pivot to wealth banking
HSBC plans to open three wealth centres in Singapore by the first quarter of 2025, as part of its strategy to build its international and wealth propositions. The bank is increasing its investments fivefold in its physical network, as it pivots its branches into wealth centres “to facilitate comprehensive wealth conversations with clients”, it…
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