Posts by Stephanie Irvin
Singapore hedge fund Arrowpoint capitalised on May market turmoil
[HONG KONG] Singapore’s multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said. Since mid-April, the US$1.1 billion fund has capitalised on extreme dislocations in equities, currencies and bond curves, founder and CIO Jonathan Xiong…
Read MoreHK Express airfares dragged down by rising competition out of Hong Kong, CEO says
[NEW DELHI] An accelerating fall in the price of air tickets from recent high levels is the biggest challenge at Cathay Pacific’s budget arm HK Express, its CEO said, as competition rises after a third runway opened at Hong Kong’s airport. Many airlines, including HK Express and its low-cost rivals, are capitalising on the third…
Read MoreAsia: Markets rise as traders eye possible Trump-Xi talks
[HONG KONG] Asian stocks rallied on Tuesday as investors kept tabs on developments in the China-US trade war amid speculation the countries’ leaders will hold talks soon. After a period of relative calm on the tariff front, Donald Trump at the weekend accused Beijing of violating last month’s deal to slash huge tit-for-tat levies and…
Read MoreTSMC says tariffs have some impact but AI demand robust
Published Tue, Jun 3, 2025 · 10:43 AM [HSINCHU, Taiwan] US tariffs are having some impact but demand for artificial intelligence (AI) remains strong and continues to outpace supply, the chief executive of Taiwanese chipmaker TSMC said on Tuesday. US President Donald Trump’s trade policies have created much uncertainty for the global chip industry and…
Read MoreGold hovers near four-week peak on weaker US dollar, trade concerns
Published Tue, Jun 3, 2025 · 09:36 AM [BENGALURU] Gold edged up to hit a near four-week high on Tuesday (Jun 3), as a weaker US dollar and rising uncertainty over the US-China trade deal boosted demand for the safe-haven asset. Spot gold inched up 0.1 per cent at US$3,381.13 an ounce, as at 0038…
Read MoreElectric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy. Government incentives are boosting sales of electric trucks in a sector that has traditionally run on diesel, a fuel that makes up over a quarter of Chinese oil demand.…
Read MoreMerck held talks to buy biotech MoonLake for over US$3 billion: FT
Published Tue, Jun 3, 2025 · 07:45 AM MERCK has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday, citing three people familiar with the matter. MoonLake’s shares rose 19 per cent in extended trading. Merck submitted a nonbinding offer for MoonLake earlier this year,…
Read MoreGoogle Deepmind CEO says global AI cooperation ‘difficult’
[LOS ANGELES] Artificial intelligence pioneer and head of Google’s Deepmind, Demis Hassabis on Monday said that greater international cooperation around AI regulation was needed but “difficult” to achieve “in today’s geopolitical context”. At a time when AI is being integrated across all industries, its uses have raised major ethical questions, from the spread of misinformation…
Read MoreWhy Prior Authorization Is Causing Headaches and How to Solve It
In healthcare, insurance companies use prior authorization (PA) to determine whether a prescribed treatment, medication, or procedure is medically necessary before they approve coverage. Although intended to control costs and ensure that patients receive appropriate care, the prior authorization process has become a major source of frustration for both healthcare providers and patients. Despite its…
Read MoreMeta aims to fully automate advertising with AI by 2026: WSJ
[BENGALURU] Meta Platforms aims to allow brands to fully create and target advertisements with its artificial intelligence tools by the end of next year, the Wall Street Journal reported on Monday (Jun 2), citing people familiar with the matter. The social media company’s apps have 3.43 billion unique active users globally and its AI-driven tools…
Read More