Posts by Yurie Miyazawa
Microsoft denies training AI models on user data
MICROSOFT on Wednesday (Nov 27) denied claims that it uses customer data from its Microsoft 365 applications, including Word and Excel, to train artificial intelligence (AI) models. The response came after some users pointed out on social media that the company requires users to opt-out of its “connected experiences” feature, which they argued was used…
Read MoreSingapore stocks up 0.2% as data shows real incomes rebound
SINGAPORE shares opened higher Thursday (Nov 28), while stocks in Asia traded in a narrow range as traders took to the sidelines ahead of the US Thanksgiving holiday. As at 12 pm, the Straits Times Index (STI) was up 0.2 per cent or 6.69 points at 3,714.78. Across the broader market, gainers lagged losers 187 to…
Read MoreStocks to watch: Mapletree Logistics Trust, DBS, First Sponsor, IReit Global
THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 28): Mapletree Logistics Trust (MLT): The real estate investment trust divested two warehouse properties in Japan for 4.25 billion Japanese yen (S$37.5 million). MLT’s trustee – HSBC Institutional Trust Services (Singapore) – entered into sale and purchase agreements with…
Read MoreStarbucks Red Cup giveaway gives coffee chain much needed jolt
STARBUCKS’s holiday-themed cups drove a bigger spike in customer visits than in previous years, a welcome boost for a brand that’s looking to stage a turnaround. The Red Cup Day giveaway on Nov 14 sparked a roughly 42 per cent boost in daily visits compared with the average of the five prior on Thursday (Nov…
Read MoreUS: Wall St subdued at open in run-up to key inflation data
WALL Street’s main indexes opened flat-to-slightly-lower on Wednesday (Nov 27) as investors evaluated strong economic data and awaited a key inflation report that could influence the US Federal Reserve’s policy stance. The Dow Jones Industrial Average fell 22.6 points, or 0.05 per cent, at the open to 44,837.75. The S&P 500 fell 7.5 points,…
Read MoreHP, Dell’s weak forecasts spark share sell-off, doubts over PC market recovery
SHARES of Dell and HP fell on Wednesday (Nov 27) after the personal computer makers issued forecasts that cast doubt on a market recovery driven by artificial intelligence-enabled PCs. Dell fell 13 per cent in trading before the bell, with the company set to shed nearly US$13 billion from its US$99.50 billion market value, after…
Read MoreMapletree Logistics Trust divests two warehouse properties in Japan for S$37.5 million
MAPLETREE Logistics Trust (MLT) has completed the divestment of two warehouse properties in Japan for 4.25 billion Japanese yen (S$37.5 million). Its manager said on Wednesday (Nov 27) that MLT’s trustee – HSBC Institutional Trust Services (Singapore) – had entered into sale and purchase agreements with a third-party buyer for the proposed divestment of Toki…
Read MoreChinese driverless-tech firm Pony AI said to raise US$260 million in US IPO
The Guangzhou-headquartered company priced its American depositary shares at US$13 each PONY AI raised US$260 million after pricing its US initial public offering at the top of the marketed range, according to people familiar with the situation, signalling strong investor interest for autonomous-driving technology and Chinese listings in New York. The Guangzhou-headquartered company priced…
Read MoreHSBC loses court challenge against 31.7 million euro EU cartel fine
HSBC on Wednesday (Nov 27) lost its challenge against a 31.7 million euro (S$44.8 million) EU cartel fine after Europe’s second top court sided with EU regulators in the long-running case. The European Commission, which acts as the EU competition watchdog, levied the fine in 2021, saying HSBC, JPMorgan Chase and Credit Agricole took part…
Read MoreCiti appoints ex-BlackRock portfolio manager Kate Moore as CIO
Her role will include oversight of Citi’s chief investment office and global investment committee GLOBAL bank Citigroup announced on Wednesday (Nov 27) that it has appointed former BlackRock portfolio manager Kate Moore as its chief investment officer (CIO) for its wealth division. She will assume her role in February, said a memo from the New…
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