Posts by Yurie Miyazawa
Central banks could increase gold reserves further as shine of US dollar dims: analysts
Sentiment towards gold at most positive levels since 2019, World Gold Council survey indicates CENTRAL banks are expected to continue to add to their gold reserves over the next year, analysts said, as the US dollar loses its shine in the longer term for investors seeking a safe haven from ongoing macroeconomic uncertainties. The 2024…
Read MoreBeyond Nvidia: the search for AI’s next breakthrough
For a few days, AI chip juggernaut Nvidia sat on the throne as the world’s biggest company, but behind its staggering success are questions on whether new entrants can stake a claim to the artificial intelligence (AI) bonanza. Nvidia, which makes the processors that are the only option to train generative AI’s large language models,…
Read MoreLMS Compliance directors augment interests
INSTITUTIONS were net sellers of Singapore stocks over the four trading sessions to Jun 20, with S$152.1 million of net institutional outflow, as 22 primary-listed companies conducted buybacks with a total consideration of S$46.3 million. OCBC led the buyback consideration tally for the abbreviated four-session week, acquiring 1.125 million shares at an average price of…
Read MoreEU tariffs on China not a ‘punishment’, says German economy minister
Proposed European Union tariffs on Chinese goods are not a “punishment”, Germany’s Economy Minister Robert Habeck told Chinese officials in Beijing on Saturday (Jun 22). Habeck’s visit to China is the first by a senior European official since Brussels proposed hefty duties on imports of Chinese-made electric vehicles (EVs) to combat what the EU considers…
Read MoreJapan focuses on smart cars as automakers fall behind US, China
JAPAN is strengthening efforts to get automakers to develop smart cars whose safety and entertainment systems can be managed by cloud technology, an area where they are falling behind Chinese and US rivals. The government has set a goal of Japanese companies accounting for 30 per cent of the market for so-called software defined…
Read MoreCanada prepares potential tariffs on Chinese EVs after US and EU moves
PRIME Minister Justin Trudeau’s government is preparing potential new tariffs on Chinese-made electric vehicles (EVs) to align Canada with actions taken by the United States and European Union, according to sources familiar with the matter. The government still has to make final decisions on how to proceed, but it’s likely to announce soon the start…
Read MoreElite Hong Kong club crashes market for HK$2 million memberships
ON A clear day, the view from Hong Kong’s seaside American Club is among the best in the city. It’s one reason why membership debentures for the elite century-old institution regularly changed hands for upwards of HK$2 million (S$347,217) – giving holders access to everything from tennis courts to upscale restaurants at two prime locations…
Read MoreMultiple AI companies bypassing web standard to scrape publisher sites, licensing firm says
MULTIPLE artificial intelligence (AI) companies are circumventing a common web standard used by publishers to block the scraping of their content for use in generative AI systems, content licensing startup TollBit has told publishers. A letter to publishers seen by Reuters on Friday (Jun 21), which does not name the AI companies or the publishers…
Read MoreSpotify launches new basic streaming plan in US
SPOTIFY introduced a new streaming plan for users in the United States on Friday (Jun 21), after raising prices for its premium plans earlier this month. The new basic plan will start at US$10.99 per month for eligible users. It will have the streaming benefits of a premium plan, but no monthly audiobook listening time. …
Read MoreUS lawsuit against TikTok to focus on children’s privacy
THE US Department of Justice plans to focus an upcoming lawsuit against TikTok on allegations that the popular social media platform violated the privacy rights of children, rather than claims it misled adult users about its data privacy practices, according to a source familiar with the matter. The US Federal Trade Commission (FTC) investigated the…
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