Posts by Liam Redmond
Singapore-based Interra Resources denies allegations that it’s ‘fuelling war crimes’ in Myanmar by supplying oil
OIL and gas exploration and production company Interra Resources on Thursday (Feb 7) denied a report that alleged it is supplying the Myanmar junta with more than two million barrels of oil since the military’s “illegal coup attempt”. It refuted a few allegations that were made, from denying that it signed contracts with the junta,…
Read MoreOracle adds AI pricing features to financial software
ORACLE on Thursday (Feb 6) added another set of artificial intelligence (AI) tools to NetSuite, one of its corporate finance software offerings, including some that might make it faster for consumers to get a price quote on purchases such as custom bicycles. Oracle has taken a different tack with AI than rivals such as Microsoft.…
Read MoreTrump admin sanctions ‘front company’ selling oil to China to allegedly fund Iranian military and terrorist groups
The Trump administration on Thursday sanctioned individuals affiliated with an international network accused of selling millions of barrels of Iranian oil to China in an effort to fund Iran’s armed forces and terrorist proxies. The new sanctions were imposed days after President Trump vowed to put “maximum pressure” on Iran. “The United States will not…
Read MoreSalesforce, Workday are hiring more overseas to save cash
SOFTWARE companies are under pressure to invest in new artificial intelligence (AI) capabilities without denting profits. One increasingly popular strategy to keep costs low is to shift hiring outside the US. Salesforce and Workday are simultaneously cutting jobs and highlighting the cost savings from adding workers internationally. “Do we need to hire everybody in San…
Read MoreTikTok owner’s new AI project brings Albert Einstein back to life in shockingly real deepfake — generated from a single image
Deepfake it ’til you make it. In the very near future, a single snapshot from your phone and an audio track plucked from the internet will be all you need to create a shockingly real AI video that can fool viewers into thinking you’re as smart as Albert Einstein. That’s according to a newly-released preview…
Read MoreThese property sectors in Singapore could take a hit from the JS-SEZ, analysts say
WHILE some industries in Singapore, such as banks and gaming, are poised to benefit from the Johor-Singapore Special Economic Zone (JS-SEZ), this may not be the case for some industries. Fears that the SEZ may hurt certain industries in Singapore were raised in Parliament this week, with Member of Parliament Saktiandi Supaat flagging that the…
Read MoreTrump wants a sovereign wealth fund for the US. What are they?
SOVEREIGN wealth funds are some of the most powerful – and secretive – investors in the world, with more than US$13 trillion estimated to be in their accounts. Run by government entities in a wide variety of countries, they are known to write the biggest checks in finance and have occasionally been the source of…
Read MoreSeven & i consortium said to tap Bank of America, Citi for financing
THE consortium proposing to take Seven & i Holdings private has tapped Citigroup and Bank of America (BOA) for financing, adding to a growing group of players in the potentially record-breaking management buyout bid, sources familiar with the matter said. The two US banks’ role in the bid would be to refinance the debt of…
Read MoreCalifornia power company probing equipment irregularities as possible cause to deadly Eaton Fire
A California power company is probing equipment irregularities as a possible cause to the deadly Eaton Fire that erupted last month and destroyed thousands of homes. Southern California Edison Company said video evidence appearing to show two flashes of light near Eaton Canyon led the utility corporation to examine whether its electrical system ignited the…
Read MoreStocks to watch: Singtel, ST Engineering, Clar, F&N, BRC Asia, Fu Yu, MM2 Asia, Japan Foods
THE following companies saw new developments that may affect trading of their securities on Friday (Feb 7). Source link
Read MoreF&N Q1 profit up 18.8% at S$52 million
BEVERAGE maker F&N reported a net profit of S$52 million for the first quarter ended Dec 31, an 18.8 per cent increase from S$43.8 million in the same period a year ago. Revenue went up by 16.3 per cent to S$618 million from S$531.6 million, the company said in a business update on Friday (Feb…
Read MoreF&N Q1 profit up 18.8% at S$52 million as soft drinks, beer sales jump
BEVERAGE maker F&N reported a net profit of S$52 million for the first quarter ended Dec 31, an 18.8 per cent increase from S$43.8 million in the same period a year ago. Revenue went up by 16.3 per cent to S$618 million from S$531.6 million, the company said in a business update on Friday (Feb…
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