From Fitbits to Rokus, hedge funds mine data for consumer habits

NEW YORK (July 24): When it comes to gaining that elusive trading edge, data is fast becoming the new frontier whether it comes from Fitbits, Rokus and Teslas or employment websites like

That’s why some of the world’s biggest hedge funds, from Steve Cohen’s Point72 Asset Management to Ken Griffin’s Citadel, have been snapping up large swaths of alternative data. Many are paying big money for it.

Procurri Corp posts 75% higher 1Q earnings of $1.75 mil on higher revenue & margin

SINGAPORE (May 2): Procurri Corporation reported a 75% rise in 1Q19 earnings to $1.75 million from $1 million previously, due to higher revenue and gross profit margin.  

Revenue for the quarter grew 8.7% to $53.8 million from $49.5 million previously, with the Lifecycle Services segment booking a 16.8% increase to $18.1 million due to better performance from North and South America as well as European markets.

Revenue contribution from the IT Distribution business segment grew 5.1% to $35.7 million on the back of higher contributions from the Americas.

Singapore among world's top digital economies but ranks worst at meeting psychological needs: Survey

SINGAPORE (April 4): Despite widespread utility of digital services across the globe, a range of basic, self-fulfillment and psychological needs are still failing to be met, suggests a recent survey by Dentsu Aegis Network in partnership with Oxford Economics.

Bright spots to be found in bleak 2019 global growth outlook: Fitch

SINGAPORE (Jan 18): Fitch Ratings says decent US domestic demand and real GDP growth of over 6% for China are still two achievable scenarios in 2019, in spite of market concerns of a sharp downturn in growth this year.

According to a note issued by Fitch on Thursday, the ratings agency says the broad contours of its Dec 2018 Global Economic Outlook (GEO) forecasts for 2019 – which entail above-trend growth in the US and policy easing preventing growth dipping below 6% in China – still look intact.

7 ways candidates can land their dream job in 2019: Hays

SINGAPORE (Jan 17): Jobseekers this year will need to demonstrate the unique value they can potentially bring to a business, on top of their willingness to adapt to change in the face of multifaceted disruptions, according to recruitment experts Hays. So, here are seven ways to land that coveted role:

Emerging tech seen as key to keeping up with investment growth objectives: State Street

SINGAPORE (Dec 12): A recent survey of over 500 global asset managers shows that more than two thirds, or 68%, of global institutional investors are concerned about their ability to hit their growth objectives within the current market environment.

Published by State Street Corporation, the study entitled New Routes to Growth found a majority 72% of asset owners expect to adopt a more defensive investment strategy going forward, with the same proportion of asset managers intending to slow their plans for expansion over the next five years.

Singapore indicates region's weakest hiring intentions for 1Q19: ManpowerGroup

SINGAPORE (Dec 11): Singapore’s hiring pace is expected to moderate in 1Q19 after three consecutive quarters of strengthening labour market activity, according to the latest ManpowerGroup Employment Outlook Survey.

After accounting for seasonal variations, ManpowerGroup notes that the net employment outlook was +10%, unchanged y-o-y but down from 11%-13% over 2Q-4Q18. This means hiring intentions declined by 3 percentage points when compared to the previous quarter, but unchanged in comparison to a year ago.  

Singapore listed companies among world's least exposed to cyber threats, finds study

SINGAPORE (Nov 21): Despite its reputation as one of the most connected countries globally, Singapore’s listed companies are among the least exposed to cyber threats, according to findings from Cyber Intelligence House’s latest Cyber Exposure Index (CEI).

The proprietary global scoring system evaluates exposure of listed companies according to signs of disclosure of sensitive information, leaked credentials, and hacker-group activity.

Risk management integration & disruption crucial to digital transformation projects: EY poll

SINGAPORE (Sept 21): Risk professionals are essential for building trust and confidence when implementing emerging technology and digital transformation projects, suggests the findings of a recent EY poll.

Out of the 1,200 participants who attended the recent webcast entitled How can you turn digital risk into a source of competitive advantage?, 59% said the integration of risk professionals in transformation projects is essential in building trust and confidence.

Singapore NODX growth eases y-o-y in Aug on electronics decline

SINGAPORE (Sept 17): Singapore’s non-oil domestic exports (NODX) for Aug 2018 grew 5% y-o-y, moderating from the 11% expansion in the previous month due to a decline in electronics, which fell 1.5% following the 5.8% decrease in the previous month.

Diodes & transistors, parts of PCs and ICs fell by 28.8%, 47.8% and 1% respectively, contributing to the bulk of the decrease in electronic domestic exports.

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