Posts by Yurie Miyazawa
Alibaba says to partner with Apple on AI features, sending shares surging
The AI integration comes at a critical time for Apple, which has faced declining iPhone sales in China amid growing competition from domestic rivals ALIBABA chairman Joe Tsai said on Thursday (Feb 13) the company will partner with Apple on AI for iPhones sold in the China market, sending the Hong Kong-listed shares of the…
Read MoreAlibaba to partner with Apple on AI features, sending shares to 3-year high
ALIBABA will partner with Apple to support iPhones’ AI services offering in China, its chairman said on Thursday (Feb 13), a move likely to help the US company ease falling smartphone sales in its key market. For Alibaba, the partnership is a major win in China’s competitive AI market that is home to DeepSeek, which…
Read MoreFormer intern becomes billionaire in Australia pharmacy merger
A corporate tie-up in Australia will produce a parade of fortunes in an industry hardly known for extravagance. More than 100 shareholders will officially be millionaires. At least 10 will be worth over US$100 million. And atop the group are three billionaires, including one former intern. Behind this blitz of riches, rare even for Australia…
Read MoreLatest Singapore six-month T-bill cut-off yield drops to 2.9%
THE cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.9 per cent, based on auction results released by the Monetary Authority of Singapore on Thursday (Feb 13). This was down from the 3.04 per cent offered in the previous six-month auction that closed on Jan 28. Demand for the latest tranche rose…
Read MoreJollibee shares rally after foreign ownership cap scrapped
SHARES of Jollibee Foods surged the most in over four years on Thursday (Feb 13) after the Philippines’ top restaurant operator secured the bourse’s approval to remove a 40 per cent cap on foreign ownership of the company. The stock jumped as much as 8.9 per cent, its largest intraday rise since October 2020. It…
Read MoreSouth Korea’s tech exports lose growth momentum as risks rise
The outlook for chip sales is turning less optimistic this year as growth in shipments has slowed in recent months SOUTH Korea recorded a contraction in technology exports for the first time in more than a year after demand from China cratered during the Chinese New Year holiday, while concerns persist about the potential impact…
Read MoreRon Sim’s Osim overhauls product details after competition watchdog raises concerns
THE Competition and Consumer Commission of Singapore (CCCS) received a complaint in 2021 from a customer who purchased an Osim product and realised it was not suitable for use after opening the packaging and reading the manual. This was one of the concerns that the competition watchdog flagged on Thursday (Feb 13) over the transparency…
Read MoreSingapore shares open lower on Thursday; STI down 0.1%
SINGAPORE equities began Thursday (Feb 13) in negative territory, following mixed performance overnight in the US and Europe. As at 9.01 am, the Straits Times Index (STI) fell 4.98 points or 0.1 per cent to 3,869.64. Across the broader market, losers equalled gainers at 53 after 52.1 million securities worth S$57.8 million changed hands. Offshore…
Read MoreSeatrium inks MOU with BP for deepwater production unit in offshore US
The company will provide engineering, procurement, construction and commissioning services for the Tiber FPU OFFSHORE and marine specialist Seatrium inked a memorandum of understanding (MOU) with BP Exploration & Production, a subsidiary of multinational oil and gas company BP, for a deepwater floating production unit (FPU) in the US Gulf of America. Under the MOU,…
Read MoreAdobe launches AI video tool to compete with OpenAI
The Firefly Video Model, as Adobe is calling the service, will compete against Sora ADOBE on Wednesday (Feb 12) released the first public version of an artificial intelligence (AI) tool that can generate video clips and revealed how much it will charge, but said it will not set pricing for major users such as studios…
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