Posts by Yurie Miyazawa
Meta eyes stake in maker of Ray-Ban in smart glasses push
META Platforms is in talks to take a minority stake in the maker of Ray-Ban sunglasses as the Facebook owner intensifies its push into smart glasses. Meta, which has collaborated with EssilorLuxottica on Ray Ban-Meta smart eyewear, is considering a stake of more than 3 per cent and as much as 5 per cent in…
Read MoreECB officials consider if only one more cut feasible in 2024
EUROPEAN Central Bank (ECB) policymakers are increasingly wondering if they may only be able to cut interest rates once more this year, according to sources familiar with the matter. With inflation pressures still lingering, officials are becoming less confident that a path for two further reductions is realistic, and do not want investors to assume…
Read MoreMore volatility, uncertainty for markets in H2 as chances of Trump presidency increase: analysts
They note that a return of former US president could have an impact on trade tariffs, Treasury yields and gold market WITH the chances of a Trump presidency seeming increasingly likely, market watchers warn of greater volatility and uncertainty in global markets ahead of the United States elections later this year. And while the Singapore…
Read MoreGoogle faces Italian antitrust probe on commercial practices
European regulators are increasing their oversight over Big Tech’s practices, including potential abuses of market dominance THE competition authority in Italy has opened a probe into Google and its parent company, Alphabet, alleging unfair commercial practices and incomplete information given to users of its services. The competition authority said that its investigation will focus on…
Read MoreDBS to launch generative AI virtual assistant for customer service workforce
CUSTOMER service officers at DBS will soon be able to use a generative artificial intelligence (AI)-powered virtual assistant to serve customers more efficiently and effectively. The virtual assistant, named CSO Assistant, was developed in-house by the bank’s AI engineers, using a large-language model tailored to local languages and parlance with voice telephony and speech recognition…
Read MoreVolvo Cars cuts full-year forecast citing tariffs, Q2 Ebit beats estimates
VOLVO Cars beat second-quarter operating earnings estimates on Thursday (Jul 18) but lowered its full-year retail sales forecast citing the impact of European tariffs on Chinese-made EVs that could affect one of its key electric models. Automakers and suppliers have for years bet on rising demand for electric vehicles, but slowing sales now mean investment…
Read MoreWealth inflows continue strong growth; MAS aims to cut processing time for tax perks
SINGAPORE continues to see strong growth momentum for wealth inflows, even as financial institutions stepped up onboarding processes in the wake of the S$3 billion money laundering case uncovered last year, said Chia Der Jiun, managing director of the Monetary Authority of Singapore (MAS). Meanwhile, MAS has been working to reduce the processing time for…
Read MoreNokia Q2 profit falls 32% on weak demand for telecom gear
FINNISH telecom equipment maker Nokia said on Thursday (Jul 18) that its operating profit fell 32 per cent in the second quarter, as demand for 5G telecom equipment remained weak. Its comparable operating profit fell to 423 million euros (S$620 million), from 619 million euros in the same quarter a year earlier. Nokia and its…
Read MoreECB to hold fire on rates before key data arrive
THE European Central Bank (ECB) will keep interest rates steady on Thursday (Jul 18), preferring to await further proof of progress on inflation before adding to June’s initial cut. The deposit rate will be left at 3.75 per cent, according to all 55 economists surveyed by Bloomberg. No concrete guidance is expected on the path…
Read MoreMizuho Bank launches foundation to drive philanthropic efforts
The bank will also support 50 trainees and employees over the next five years under two initiatives managed by the Institute of Banking and Finance MIZUHO Bank has launched a foundation to support its philanthropic initiatives and drive social impact in Singapore. The move was announced in conjunction with Mizuho Bank Singapore’s 50th anniversary celebrations,…
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