Posts by Yurie Miyazawa
Apac M&A falls to 11-year low in first 5 months of 2024: London Stock Exchange
THE mergers and acquisitions (M&A) activity in the Asia-Pacific (Apac) region has declined 26 per cent year on year to an 11-year low of US$179 billion between January and May 2024, despite a rise in global M&A activity. This was dragged down by a 25 per cent decline in China M&A activity compared with the…
Read MoreSingapore shares rise at Tuesday’s open; STI up 0.2%
SINGAPORE equities began trading in positive territory on Tuesday (Jun 11), after US stocks inched up on Monday. As at 9.03 am, the Straits Times Index (STI) opened 0.2 per cent or 6.83 points higher at 3,328.91. Across the broader market, gainers outnumbered losers 68 to 40 after 47.1 million securities worth S$74.9 million changed…
Read MoreVietnam eyes greener power but banks on coal to avert blackouts
LIGHTS are off and air conditioning is down at the headquarters of Vietnam’s state-run electricity provider EVN as the country’s top power utility tries to “lead by example” to avoid a repeat of last year’s crippling blackouts, an official tells visitors. But many businesses around Vietnam’s capital Hanoi appear to be ignoring the call to…
Read MoreChip stocks lose shine as hedge funds snap up software instead
HEDGE funds made an about-face last week dumping semiconductor stocks – beneficiaries of the artificial intelligence (AI) boom – while snatching up software. Fund managers net sold US technology stocks for the third straight week, according to Goldman Sachs’s prime brokerage desk. Within tech, semiconductors and semiconductor equipment stocks were the most notionally net sold…
Read MoreTSMC’s premium over SMIC shows challenges for China’s chip fund
THE share-price gap between Taiwan Semiconductor Manufacturing Company (TSMC) and China’s biggest chipmaker is near its widest in almost two decades, highlighting the difficulty Beijing faces in building up its domestic chip industry. Bolstered in part by state-of-the-art chipmaking capabilities, TSMC has soared 48 per cent this year in Taipei while Semiconductor Manufacturing International Corporation…
Read MoreOpenAI plays minor role in Apple’s artificial intelligence event
APPLE’s partnership with OpenAI – in the works for months – was only briefly mentioned at a much-anticipated developer event on Monday (Jun 10), with the iPhone maker’s homegrown technology getting most of the focus. Apple’s keynote presentation at its Worldwide Developers Conference lasted more than an hour and 45 minutes, but only about two…
Read MoreAbbott secures FDA clearance for two over-the-counter glucose monitors
ABBOTT Laboratories said on Monday (Jun 11) the US health regulator had cleared the company’s two new over-the-counter glucose monitoring devices, expanding its presence in a fast-growing, multi-billion-US dollar market. The devices, one for the health-conscious and another for those with diabetes, follow the company’s FreeStyle Libre, which generates over US$1 billion every quarter and…
Read MoreMeta Platforms to use social media posts from Europe to train AI
FACEBOOK owner Meta Platforms plans to start incorporating social media content from Europe to train its generative artificial intelligence models, the company said on Monday (Jun 10). Meta will train its Llama large language models using content that people in the European Union have chosen to share publicly on its platforms such as Instagram and…
Read MoreUS: Wall Street slips as investors prepare for inflation data, Fed meeting
US STOCKS indexes edged lower on Monday (Jun 10) as investors grew cautious ahead of key inflation data and a Federal Reserve meeting scheduled for this week, looking for hints on the central bank’s policy-easing stance this year. The Dow Jones Industrial Average fell 14.09 points, or 0.04 per cent, at the open to 38,784.90. …
Read MoreAramco’s venture arm, Mubadala back Dubai-based real estate fintech
STAKE, a Dubai-based digital platform for real estate investment, has raised US$14 million from investors, including Saudi Aramco’s venture capital arm and an Abu Dubai sovereign wealth fund. The platform secured funds from Aramco’s Wa’ed Ventures, Mubadala Investment Co, as well as US-based private investing platform Republic. The Series A round was led by Middle…
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