Posts by Stephanie Irvin
Microsoft touts AI sales at town hall, reveals Barclays contract
MICROSOFT touted its progress selling artificial intelligence tools to corporate customers during a companywide town hall on Thursday, including a major deal with Barclays. Chief commercial officer Judson Althoff told employees that Barclays agreed to buy 100,000 licenses for Microsoft’s Copilot AI assistants, according to people familiar with the event. Althoff also said multiple dozen…
Read MoreBank of England’s Bailey says uncertain outlook demands careful approach to rate cuts
[DUBLIN] Bank of England Governor Andrew Bailey said on Thursday that the central bank’s “gradual and careful” approach to future interest rate cuts was justified by ongoing uncertainty about the global trade picture and its impact on domestic inflation. “Reading that is very hard at the moment…. It’s why we keep using, as you know,…
Read MoreUS judge sentences ex-Goldman Sachs banker to two years over 1MDB scandal
[NEW YORK] A US judge on Thursday sentenced a former Goldman Sachs banker central to the 1MDB scandal to two years in prison after prosecutors argued for leniency due to his cooperation. Timothy Leissner, a key architect of the massive bribery and kickback scheme involving a Malaysian sovereign wealth fund, will begin serving a 24-month…
Read MoreBusinesses tackling Asia’s ageing crisis awarded S$3 million at DBS Foundation’s Impact Beyond Awards
[SINGAPORE] Smart emergency-response devices available round the clock and using artificial intelligence (AI) to help clients match with caregivers were among the four ideas that won the DBS Foundation’s inaugural Impact Beyond Awards. They were unveiled during the DBS Foundation Impact Beyond Dialogue on Thursday (May 29). Collectively, the winners will receive S$3 million from…
Read MoreProportion of female directors at top 100 SGX companies surpasses 25% target in 2024
[SINGAPORE] The proportion of female directors in the largest 100 Singapore-listed companies hit 25.1 per cent last year, up from 23.7 per cent in 2023, the latest edition of the Singapore Board Diversity Review reported. The study, released on Friday (May 30), analysed the top 100 companies by market capitalisation with a primary listing on…
Read MoreThe First-time Homebuyer’s Guide to a Smooth Mortgage Process
Buying your first home is an exciting milestone, but it can also be overwhelming with all the decisions to make and steps to follow. Among the most crucial is securing the right mortgage, as it directly impacts your financial future and the overall experience of becoming a homeowner. The right preparation can simplify the process…
Read MoreUS: Wall St opens higher after court blocks most Trump tariffs
Published Thu, May 29, 2025 · 09:45 PM [NEW YORK] Wall Street’s main indexes opened higher on Thursday (May 29) after a federal court ruled against most of US President Donald Trump’s tariffs and AI bellwether Nvidia reported a 69 per cent surge in quarterly sales, lifting sentiment. The Dow Jones Industrial Average rose 91.3…
Read MoreIndia bank frauds triple to 360 billion rupees as credit scams swell
The rise in cases underscores the challenges being faced by the banking regulator Published Thu, May 29, 2025 · 06:36 PM [MUMBAI] Bank frauds in India jumped threefold last year, with loans contributing to bulk of the cases, while discrepancies in digital payments declined. The amount of frauds climbed to 360 billion rupees (S$5.4…
Read MoreKeppel appoints ex-DBS CEO Piyush Gupta as deputy chairman from Jul 1
[SINGAPORE] Keppel has appointed former DBS chief executive Piyush Gupta as deputy chairman and non-executive independent director of its board, effective Jul 1. Gupta will also be appointed a member of the nominating committee, remuneration committee and the board sustainability and safety committee in July. He recently retired from his role as DBS CEO in…
Read MoreNTT Docomo to buy SBI’s online bank for 420 billion yen in cut-throat market
[TOKYO] NTT Docomo is buying SBI Holdings’ online bank in a 420 billion yen (S$3.7 billion) deal to shore up the Japanese mobile carrier’s financial offerings in a hyper-competitive market. Nippon Telegraph and Telephone’s mobile unit will launch a tender offer for SBI Sumishin Net Bank, offering 4,900 yen a share – a 49 per…
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