Author: Admin

Cybersecurity continue to sell off as artificial intelligence disruption fears ripple throughout the market. But the Street doesn’t expect the new security tool within Anthropic’s Claude AI model to reshape the space anytime soon, saying the reaction is more panic-driven than based in reality. The iShares Cybersecurity and Tech ETF (IHAK) fell more than 3% Friday after Anthropic debuted Claude Code Security, which the company says scans code for vulnerabilities and suggests solutions. Major cybersecurity names like CrowdStrike and Cloudflare shed around 8% on Friday, while Okta tumbled more than 9%. All were under pressure again on Monday , with the…

The UAE Central Bank is currently guiding FIs on the responsible application of artificial intelligence, a move that sparked a conversation. I spoke with Katie Chambers on Dubai Eye. We explored a fundamental shift in our industry: whether automated decisioning truly expands access to capital or if it simply reinforces existing digital exclusion. While digitisation and basic algorithms have supported credit bureaus for years, the shift to AI represents a massive leap in data volume.In my view, the main difference today is that AI allows banks to unlock vast amounts of alternative data that traditional machine learning tools previously ignored.…

Oil prices have reached seven-month highs, as traders reacted to heightened tensions between the US and Iran ahead of nuclear talks this week.US crude futures rose to $67.28 a barrel on Monday, while Brent crude touched its highest level since 31 July at $72.50 a barrel. Prices fell back late in the session, but were up again on Tuesday morning, approaching Monday’s highs.James Hosie, a research analyst at Shore Capital, said oil markets were “rationally trying to price in a risk premium for oil prices, given the disruption a conflict could have on global supplies”.“The risk of possible military escalation…

JPMorgan CEO Jamie Dimon, when asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously. “I see a couple people doing some dumb things,” Dimon told investors on Monday. Bloomberg’s Silas Brown reports. (Source: Bloomberg)

An attendee at the Dubai Air Show enters an aircraft on Nov. 13, 2017, in Dubai, United Arab Emirates.Natalie Naccache | Bloomberg | Getty Images Etihad Airways reported a near 50% jump in net profit to $698 million last year, the carrier said on Tuesday, as increased capacity supported strong demand across markets and lifted its load factor.”We’ve been investing a lot in our product, in customer satisfaction. We’ve been growing a lot, adding capacity, right?…So I would say it’s a combination of efforts,” CEO Antonoaldo Neves told Reuters.The Abu Dhabi airline said passenger numbers rose 21% to 22.4 million…

“You could even retire at 55 with $500,000 and be perfectly fine. Am I right?”

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxStandard Chartered has teamed up with Seviora Capital to launch a multi-manager hedge fund vehicle under its VCC platform.The Signature Select Seviora Titans Absolute Return fund is a sub-fund within the bank’s variable capital company structure.It will invest in hedge fund managers selected by Seviora Capital, part of the Temasek-owned Seviora Group in Singapore.The strategy allocates across multiple managers and sub-strategies to avoid concentration risk.It also gives clients access to capacity-constrained hedge funds at lower minimum investment levels than direct allocations.The launch comes as investors face volatile markets…

Trump warns countries that ’play games’ with US trade deals will face higher tariffs

Corn futures closed out the Monday session with contracts fractionally mixed, as December was a one exception, up 2 cents. The national average Cash Corn price from cmdtyView was up 2 1/2 cents at $3.87 1/4 per bu. USDA reported a couple private export sales this morning of 150,000 MT to Mexico and 120,000 MT of corn to unknown destinations, both for 2024/25.NASS Crop Progress data showed 91 of the US corn harvest complete as of November 3. That compares to the 75% 5-year average pace. Export Inspections data showed 779,078 MT (30.67 mbu) of corn shipped in the week that ended on…

Introduction: Trump’s new tariffs kick in at 10%Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.President Donald Trump’s new tariffs have come into effect today at a rate of 10%, after the US supreme court blocked many of his import taxes on Friday.The president signed an executive order last Friday authorising the 10% tariffs just hours after the supreme court ruling. He later threatened to raise the rate to 15%, but did not officially do so by Tuesday 12.01am time in Washington, when the 10% levy came into effect.However, Bloomberg is reporting…