Posts by Yurie Miyazawa
Meta 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…
Read MoreNvidia sparks chatter over possible Dow inclusion after stock split
NVIDIA’S 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing the stock’s valuation. “A side-effect…
Read MoreTop 20 Singapore-listed China-related stocks generate median total returns of 8.4% year-to-date
THE top 20 China-related stocks listed on the Singapore Exchange (SGX) generated median total returns of 8.4 per cent year-to-date, SGX market strategist Geoff Howie said in a market update on June 10 (Monday). These stocks had at least one-tenth of their revenue for the recent financial year come from China and booked the highest…
Read MoreSingapore stocks fall as hopes for early Fed rate cut dim; STI down 0.3%
SINGAPORE shares ended Monday (Jun 10) lower after stronger-than-expected US jobs figures last Friday hurt market sentiment. The benchmark Straits Times Index (STI) fell 0.3 per cent or 8.69 points to 3,322.08. Across the broader market, losers beat gainers 239 to 158, with 822 million securities worth S$940.5 million changing hands. Regional markets were mixed.…
Read MoreJulius Baer targets rich Indians in Dubai with UBS, JPMorgan hires
SWISS wealth manager Julius Baer Group hired senior bankers from UBS Group and JPMorgan Chase to beef up its business catering to rich Indians in Dubai. Sanjay Advani has joined from UBS as a managing director and team head of Julius Baer’s global non-resident Indians business in the emirate, according to a statement. Nisar Sindhi,…
Read MoreEuro, French stocks hit by shock Macron call for snap election
THE euro fell broadly, while French bonds and stocks were hit hard on Monday (Jun 10), following French President Emmanuel Macron’s decision to call a snap parliamentary election after being trounced in a European Union vote by the far right. The euro fell 0.5 per cent in early European trade to a one-month low of…
Read MoreSBMA launches Retail Gold Investment Committee in collaboration with WGC
The Singapore Bullion Market Association (SBMA) has launched Retail Gold Investment Committee in collaboration with the World Gold Council (WGC) to enhance trust and transparency in gold investments. The committee will be chaired by Silver Bullion, Singapore-based precious metals dealing firm, to implement the Retail Gold Investment Principles established by the WGC. The inauguration, announced…
Read MoreOil edges higher after weekly loss as focus turns to US Fed rates
OIL edged higher after a weekly drop with the market still digesting the Organization of Petroleum Exporting Countries and allies’ (Opec+) decision to restore supply, as traders look ahead to a set of industry reports and a US Federal Reserve decision on interest rates. Brent traded near US$80 a barrel after losing 2.5 per cent…
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