Barclays exec says top five tech firms could need $100 billion in funding next year
NEW YORK, Dec 3 : The funding needs of the top five U.S. technology firms could reach almost $100 billion in 2026, Meghan Graper, global head of debt capital markets at Barclays, said on Wednesday at a Reuters NEXT panel.Big tech firms are turning aggressively to the debt markets in their race to bu ...
Citadel debuts new AI tool for equities investors, CTO Subramanian says
NEW YORK, Dec 3 : Citadel, the hedge fund founded by billionaire Ken Griffin, has launched a new artificial intelligence-powered tool that aims to help investors conduct research on stocks faster and more efficiently, the firm's chief technology officer said on Wednesday.The Citadel AI Assistan ...
Notable quotes from finance and markets speakers at the Reuters NEXT conference
Dec 3 : Reuters is hosting the two-day Reuters NEXT conference in New York on Wednesday and Thursday, bringing together more than 700 international business leaders and policymakers to examine the biggest issues facing society, business and the world.The following are some notable quotes from speake ...
Blackstone CTO says data leaks keep him up at night
NEW YORK, Dec 3 : Blackstone's Chief Technology Officer is increasingly concerned about data leaks and which platforms can help manage safety, he told the Reuters NEXT conference in New York on Wednesday.During an interview, John Stecher was asked what kept him up at night."I find that as ...
Stocks rise as Fed outlook pushes US yields lower
NEW YORK, Dec 3 : Global shares rose while U.S. Treasury yields fell after weak economic data solidified expectations of a Federal Reserve interest rate cut.Wall Street stocks were making gains in choppy trading. Energy, financials and materials stocks were the top gainers while technology and real ...
Stocks gain, US yields drop as markets weigh likely Fed rate cut
NEW YORK, Dec 3: Global shares rose while United States Treasury yields fell after weak economic data solidified expectations of a Federal Reserve interest rate cut.Wall Street's main indexes finished higher, with energy, financials and industrials stocks topping gains while technology and uti ...
Russia blocks access to US children's gaming platform Roblox
Dec 3 : Russia has blocked access to the U.S. children's gaming platform Roblox, accusing it of distributing extremist materials and "LGBT propaganda".Announcing the move on Wednesday, the communications watchdog Roskomnadzor said Roblox was "rife with inappropriate content that ...
TikTok to invest more than 200 billion reais in Brazil data centre
The project will fully rely on clean energy from wind energy parks
Nebius leverages Microsoft, Meta contracts for AI expansion
AMSTERDAM/LONDON, Dec 3 : Netherlands-based data centre operator Nebius will leverage recent multi-billion dollar contracts with Microsoft and Meta to build its business with traditional firms and emerging AI companies that could be future tech titans, its co-founder said.A $17 billion deal with Mi ...
Federal Reserve ends three-year loss streak from Covid-era monetary policy
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury
Wall Street opens lower as investors assess data, Microsoft falls
[NEW YORK] Wall Street’s main indexes opened lower on Wednesday (Dec 3), as investors assessed data pointing to a weak jobs market,...
Security tech firm Verkada valued at $5.8 billion as demand for security grows
Dec 3 : Security products maker Verkada said on Wednesday it was valued at $5.8 billion in its latest investment round led by CapitalG, $1.3 billion above its previous round in February.The new valuation highlights rising investor demand for security technology as organizations and executives face m ...
AI-powered security firm Verkada valued at $5.8 billion in latest investment round
Dec 3 : Verkada was valued at $5.8 billion in its latest investment round led by CapitalG, more than a billion dollars higher than its previous round in February, the AI-based security products maker said on Wednesday.The company provides cloud-managed video security cameras, access control, environ ...
Security tech firm Verkada valued at $5.8 billion as workplace safety demand rises
Dec 3 : Security products maker Verkada said on Wednesday it was valued at $5.8 billion in its latest investment round led by CapitalG, $1.3 billion above its previous round in February.The new valuation comes as companies boost their investment in integrated security systems to safeguard staff and ...
FDA scrutiny of WHOOP signals challenges for niche wearable device makers
(Corrects dateline to Dec 3)By Puyaan Singh and Sneha S KDec 3 : Niche fitness-tracking firms such as WHOOP are coming under increased regulatory scrutiny as technological advances blur the lines between wearable and medical devices, exposing them to higher compliance costs and hampering their compe ...
Microsoft denies report of lowering targets for AI software sales growth
Dec 3 : Microsoft on Wednesday denied a report from The Information that multiple divisions at the company lowered sales growth targets for certain artificial intelligence products after several sales staff missed their goals in the fiscal year that ended in June. The source-based report cited two s ...
Microsoft lowers AI software sales quota as customers resist new products, The Information reports
Dec 3 : Multiple divisions at Microsoft have lowered sales growth targets for certain artificial intelligence products after many sales staff missed goals in the fiscal year that ended in June, The Information reported on Wednesday.It is rare for Microsoft to lower quotas for specific products, the ...
Former and current SoftwareOne staff targeted by insider trading probe
ZURICH, Dec 3 : Swiss technology firm SoftwareOne said on Wednesday searches were conducted at its offices in Leipzig, Germany and Stans, Switzerland linked to a probe into five non-executive current or former employees for potential insider trading violations.SoftwareOne made its statement after Sw ...
American Bitcoin steadies after share lock-up expiry sparks near 40% plunge
Dec 3 : Shares of American Bitcoin, a bitcoin miner backed by two of U.S. President Donald Trump's sons, steadied in premarket trading on Wednesday, a day after slumping nearly 40 per cent following the expiry of a share lock-up.The stock rose 9 per cent to $2.39 after a wave of selling wiped o ...
LSEG to integrate financial data into ChatGPT in AI push
Dec 3 : LSEG will integrate its financial data and analytics into ChatGPT and make OpenAI's enterprise tool available to its employees, it said on Wednesday, deepening its push to embed artificial intelligence across financial markets.The data and analytics provider will grant ChatGPT users wit ...
LSEG partners with OpenAI to integrate ChatGPT with financial data
Dec 3 : LSEG on Wednesday announced a new collaboration with OpenAI, under which the London Stock Exchange operator will integrate its financial data and analytics into ChatGPT, and make OpenAI's enterprise tool available to it employees.Reuters provides news for LSEG's Workspace product.
Lincotrade & Associates raises $2.2 mil in gross proceeds from placement of 10 mil shares at 22 cents each
Nicole Lim - Lincotrade & Associates Holdings has completed the share placement of 10 million placement shares at 22 cents per share, raising gross proceeds of $2.2 million. The placement price is priced at a premium of 3.14% to the volume weighted average price 21.33 cents per share of the last traded marke ...
DFI Retail Group hikes dividend payout ratio to 70% in three-year plan
Deon Loke - The group is targeting a compound annual growth rate of 11 to 15% for its underlying profit
DBS signs MOU with Korean Ocean Business Corporation to help Korea’s maritime firms expand across Asia
Nicole Lim - DBS and the Korea Ocean Business Corporation (KOBC) have signed a memorandum of understanding (MOU) to strengthen business connectivity and support the regional expansion of Korea’s maritime and logistics sector across Asia. KOBC is a financial institution under the Republic of Korea’s Ministry ...
Anthony Law, PropNex Realty salesperson refute allegations in lawsuit involving 99-1 deal
Tay Peck Gek - This is in response to a case filed by a couple over the purchase of a unit at The Gazania
Anthony Law, PropNex Realty salesperson rebut allegations in lawsuit involving 99-1 deal
Tay Peck Gek - This is in response to a case filed by a couple over the purchase of a unit at The Gazania
SingLand moves to add condo tower, serviced apartments and mixed-use block in Marina Square redevelopment
Elysia Tan - Acquisition of S$99-million land parcel part of proposal to turn iconic complex into ‘Singapore’s first hyper-mixed development’
Retail investors push e-commerce platform Meesho’s US$604 million India IPO to full subscription
The company has raised about US$270 million from anchors including Government of Singapore ahead of its IPO
Asian exchanges play key role in providing global investors with diversification: SGX chief
Ranamita Chakraborty - Loh Boon Chye expects product innovation for derivatives to move towards multi-jurisdictional operations
Global accounting body IASB consults on new model for assessing bank risks
The model will attempt to replace a transaction-driven view of how banks manage interest rate risks
SingLand to acquire land parcel at 6 Raffles Boulevard for $99.1 mil as part of Marina Square redevelopment plan
Nicole Lim - Singapore Land Group (SingLand) has entered into four sale and purchase agreements (SPA) to acquire a land parcel at 6 Raffles Boulevard for $99.1 million. This land parcel is part of the Marina Square complex, which comprises Pan Pacific Singapore, Parkroyal Collection Marina Bay, Mandarin Oriental ...
SingLand progressing on Marina Square redevelopment plan; waiting on authorities approval for revised proposal
Nicole Lim - Singapore Land Group (SingLand) has announced that it is progressing on its proposal to transform Marina Square, since it obtained approval for its redevelopment plan. In Sept 2023, SingLand obtained provisional permission from the URA for the partial redevelopment of Marina Square, which includes r ...
AI companies' safety practices fail to meet global standards, study shows
Dec 3 : The safety practices of major artificial intelligence companies, such as Anthropic, OpenAI, xAI and Meta, are "far short of emerging global standards," according to a new edition of Future of Life Institute's AI safety index released on Wednesday.The institute said the safety ...
Oil rises as Moscow peace talks fail to reach breakthrough
LONDON, Dec 3 : Oil prices climbed more than 1 per cent on Wednesday after Russia said talks with U.S. officials in Moscow failed to reach a compromise on a potential Ukraine peace deal that could have eased sanctions on its oil sector.Brent crude gained 78 cents, or 1.3 per cent, to $63.23 at 1010 ...
