Posts by Yurie Miyazawa
C3.ai lifts annual forecast on strong demand for enterprise AI software
C3.AI raised its forecast for fiscal year 2025 revenue on Monday (Dec 9), helped by healthy demand for the company’s enterprise artificial intelligence (AI) software as companies look for tools to help streamline their workflow. The company now expects revenue to be between US$378 million and US$398 million, from its previous forecast of US$370 million…
Read MoreChina makeup mogul nears billionaire status with Hong Kong IPO
ONE of China’s best-known makeup artists, Mao Geping, took his beauty company public in Hong Kong, capping a remarkable run that’s seen the former opera performer’s premium powders and lotions defy the nation’s consumer slowdown. His skincare and cosmetics firm Mao Geping Cosmetics, which lists on Tuesday (Dec 10), could raise up to HK$2.1 billion…
Read More25 Most Expensive Athlete Divorces
Divorce can be a tough and costly experience, especially for famous athletes who often find themselves in the spotlight. This article explores the 25 most expensive divorces in sports history, highlighting the financial toll these separations can take. From Michael Jordan to Tiger Woods, these athletes faced significant payouts that changed their lives forever. Let’s…
Read MoreHuawei suppliers to face further US limits under defence bill
US LAWMAKERS are moving to prohibit the Pentagon from doing business with companies that sell computer chips and services to Huawei Technologies under defence legislation that could put further pressure on suppliers to the Chinese tech champion. The bipartisan National Defense Authorization Act unveiled on Saturday (Dec 7) contains language that would effectively bar Defense…
Read MoreMondelez exploring takeover of US chocolate maker Hershey
MONDELEZ International, the snacks and sweets company, is exploring an acquisition of iconic US chocolate maker Hershey, in a potential deal that would create a food giant with combined sales of almost US$50 billion, according to sources familiar with the matter. Chicago-based Mondelez has made a preliminary approach about a possible combination, said the sources,…
Read MoreLower interest rates, geopolitical conflicts poised to shape investment decisions in 2025
Bond yields remain attractive, and India could continue to outperform, say analysts GLOBAL asset markets are likely to be influenced by lower interest rates and geopolitical trade tensions in 2025, with bonds and cyclical equities likely to benefit. Policy rates have likely peaked as major central banks focus on easing, said Bhaskar Laxminarayan, Julius…
Read MoreNippon Steel makes final push to win over US workers
NIPPON Steel clarified its spending plans at US mills owned by US Steel as part of last-ditch efforts to win over workers and politicians for its bid to buy the Pittsburgh-based steelmaker. After meeting with United Steelworkers leaders, the Japanese firm released a letter to US Steel staff on Monday (Dec 9). In it, the…
Read MoreUS: Wall St opens muted with inflation data in focus
WALL Street’s main indexes opened flat to lower on Monday (Dec 9), after the S&P 500 and the Nasdaq notched record closing highs in the previous session on upbeat corporate forecasts, while investors awaited a key inflation report this week. The Dow Jones Industrial Average fell 4.5 points, or 0.01 per cent, at the open…
Read MoreIndia appoints Sanjay Malhotra as new central bank chief
INDIA named Sanjay Malhotra, a career bureaucrat, as the new governor of the nation’s central bank, ending weeks of speculations over who would helm monetary policy in the world’s fastest-growing major economy. Malhotra, is currently serving as the revenue secretary at the Ministry of Finance, and will take charge of the Reserve Bank of…
Read MoreChina targets Nvidia with antitrust probe, escalating US chip tensions
CHINA said on Monday (Dec 9) it has launched an investigation into Nvidia over suspected violations of the country’s anti-monopoly law, in a move widely seen as a retaliatory shot against Washington’s latest curbs on the Chinese chip sector. The statement from the State Administration for Market Regulation (SAMR) announcing the probe did not elaborate…
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