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 ...
Airbus cuts 2025 delivery target after issues with top-selling jet
The target is 30 fewer than previously reported
PrimeMovers Equity-backed vehicle does not intend to increase scheme consideration to delist Spindex
Nicole Lim - The investors offering to delist Spindex have announced that they will not increase the scheme consideration of $1.43 in cash for each share. Skyline II, which is a vehicle backed by private equity firm PrimeMovers Equity, have partnered with Spindex’s chairman Tan Choo Pie and his son, managing d ...
Daily Debrief: What Happened Today (Dec 3)
Stories you might have missed
Skylink Holdings to acquire 132 units of commercial vehicles, providing immediate recurring revenue stream
Nicole Lim - Skylink Holdings is set to acquire 132 units of commercial vehicles fleet from a third-party seller, which will provide an immediate recurring revenue stream. This acquisition also forms part of the group’s strategy to optimize vehicle replacement cycles. Skylink’s integrated business model of t ...
Marvell shares soar as chipmaker boosts its AI drive with Celestial deal
Dec 3 : Marvell Technology jumped 9.3 per cent to a nine-month high on Wednesday after its $3.25 billion deal to acquire semiconductor startup Celestial AI bolstered investor confidence in the chipmaker's push into next-gen AI infrastructure.The company is doubling down on AI infrastructure to ...
Marvell shares jump as chipmaker bolsters AI ambitions with Celestial deal
Dec 3 : Marvell Technology shares climbed 9 per cent premarket on Wednesday after its $3.25 billion deal to acquire semiconductor startup Celestial AI deepened investor confidence in the chipmaker's push into next-gen AI infrastructure.The company is doubling down on AI infrastructure to regain ...
Malaysia’s ex-trade minister Tengku Zafrul appointed as Investment Development Authority chairman
Tan Ai Leng - The new role follows the end of his two terms as a senator. He is also expected to be given other responsibilities
Singapore’s benchmark STI rises for the sixth day, up 0.4%
Tay Peck Gek - Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are transacted
Singapore’s benchmark index STI rises for the sixth day, up 0.4%
Tay Peck Gek - Across the broader market, decliners beat gainers 297 to 275, after 1.3 billion securities valued at more than S$1.4 billion are transacted
Tuan Sing Holdings receives approval to redevelop flagship property in City of Melbourne
Nicole Lim - Tuan Sing Holdings was granted an approval of its permit to redevelop flagship property in the City of Melbourne on Dec 3, by the Melbourne City Council. The company, through its wholly-owned subsidiary Grand Hotel Group, submitted a planning application for the property last November. Tuan Sing wil ...
Malaysian PM Anwar in Singapore on Dec 4 for retreat with PM Wong
Elysia Tan - The countries will exchange agreements on health and the fight against drugs
How banks handle interest rate swings may soon be clearer to investors
Renald Yeo - Newly proposed rules by International Accounting Standards Board centre on new Risk Mitigation Accounting model
Asme launches programme to help SMEs form strategic partnerships; expands market access initiatives to Asia
Paige Lim - For 2026, the association’s newly elected council will focus on helping tap inorganic growth opportunities and enter new markets
PM Lawrence Wong to host Malaysian PM Anwar for 12th Malaysia-Singapore Leaders’ Retreat
Elysia Tan - The countries will exchange agreements on health and the fight against drugs
China's LandSpace fails to complete reusable rocket test
The rocket was not able to complete a controlled landing following an initial launch
