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CNA Economy Full text
HONG KONG, Oct 2 : Global hedge funds struggled to deliver positive returns in September as surging bond yields, higher oil prices and sharp swings in AI shares whipsawed the markets, according to prime brokerage notes and investors.Global…
CNA Economy Full text
WASHINGTON, Oct 2 : Amazon's cloud computing division said on Friday it would invest more than $1 billion over the next five years in US communities where it has data centers and vowed to tackle their impacts on electricity and water…
CNA Economy Full text
NEW YORK/LONDON, Oct 2 : Major stock indexes rose and the dollar fell on Friday as expectations for a Federal Reserve interest rate hike later this month fell after softer-than-forecast US jobs data. Yields, however, rose again, as the…
CNA Economy Full text
NEW YORK/LONDON, Oct 2 : Major stock indexes rose and the dollar fell on Friday as expectations for a Federal Reserve interest rate hike later this month fell after softer-than-forecast US jobs data. Yields, however, rose again, as the…
CNA Economy Full text
LONDON, Oct 2 : Global shares rose on Friday as wild volatility in bond and currency markets eased ahead of key US jobs data that could shape expectations for the Federal Reserve's next policy move. In Europe, longer-dated sovereign bond…
CNA Economy Full text
HOUSTON, Oct 2 : Crude futures finished down after European leaders agreed to US President Donald Trump's request to release diesel reserves to lower prices and reduce fuel imports from the US. Brent settled down 6 cents, or 0.06 per cent…
CNA Economy Full text
HOUSTON, Oct 2 : Crude futures finished down after European leaders agreed to US President Donald Trump's request to release diesel reserves to lower prices and reduce fuel imports from the US. Brent settled down 6 cents, or 0.06 per cent…
CNA Economy Full text
LONDON, Oct 2 : Oil prices fell about 3 per cent and European gasoil futures dropped over 5 per cent on Friday after reports of talks on additional diesel and crude stock releases, easing concerns over tight global energy supplies.Brent…
CNA Economy Full text
SEOUL, Oct 2 : SK Group Chairman Chey Tae-won will sell a 2.26 per cent stake in SK Corp for about 944 billion won ($699.5 million) to fund a divorce settlement, though he will remain the top shareholder of the holding firm of the South…
CNA Economy Full text
NEW DELHI, Oct 2 : Suzuki Motor has asked suppliers in India to halt production for one day a week for machine maintenance, as the Japanese vehicle maker aims to prevent unscheduled stoppages and maintain quality ahead of ramping up…
CNA Economy Full text
Oct 2 : Amazon is seeking to offload about $8 billion of advanced Nvidia chips to investors through a new vehicle to strengthen its balance sheet, the Financial Times reported on Friday, citing people familiar with the matter. In recent…
CNA Economy Full text
TOKYO, Oct 2 : Japan is no longer experiencing deflation so does not need excessively loose monetary policy for the pursuit of a higher inflation rate, Economy Minister Minoru Kiuchi said on Friday.Monetary policy decisions are the…
CNA Economy Full text
KUALA LUMPUR, Oct 2 : Gas Malaysia aims to make a final investment decision on plans for its first regasification terminal by the second half of next year, with the facility due to come online by the end of 2030, its chief executive…
CNA Economy Full text
SAN FRANCISCO: ChatGPT-maker OpenAI said on Thursday (Oct 1) that it has fired three researchers for allegedly mishandling "sensitive information" and violating company policies, including work that involved an external organisation that…
CNA Economy Full text
SEOUL, Oct 2 : South Korea's annual consumer inflation slowed to the 2 per cent range in September, driven down by government price control measures and falling agricultural costs, official data showed on Friday.The Consumer Price Index…
CNA Economy Full text
TOKYO, Oct 2 : Annual core inflation in Japan's capital accelerated in September at the fastest pace in 10 months, highlighting mounting price pressures that bolster the case for further interest rate hikes.The data, considered a leading…
CNA Economy Full text
TOKYO, Oct 2 : Annual core inflation in Japan's capital accelerated in September, data showed on Friday, highlighting mounting price pressures that bolster the case for further interest rate hikes.The data, which is considered a leading…
CNA Economy Full text
Oct 1 : The state of New Mexico asked a judge on Thursday to order Meta Platforms to pay between $35 billion and $40 billion in penalties after a jury found the company had misled consumers about the privacy of their data on Facebook in a…
CNA Economy Full text
Nike is deepening its restructuring under CEO Elliott Hill as its woes in China intensify, announcing a plan to cut more jobs and shake up its global business divisions after the sportswear giant projected a surprisingly steep drop in…
CNA Economy Full text
Oct 1 : Comcast's NBCUniversal is cutting jobs in its global streaming technology organization, the owner of the Fast & Furious and Jurassic Park franchises said on Thursday.• The number of employees affected would depend on the outcome of…
CNA Economy Full text
Oct 1 : OpenAI has informed more than 100 organizations about incidents involving unauthorized activity tied to its AI agents, according to a blog post by the ChatGPT maker, as AI labs face mounting scrutiny over rogue AI agent…
CNA Economy Full text
Using China as the boogeyman is no longer a convincing excuse for inaction on AI regulations by US lawmakers, says Catherine Thorbecke for Bloomberg Opinion.
CNA Economy Full text
Oct 1 : Federal Reserve Governor Lisa Cook said on Thursday that she sees AI, and its inflationary push, as a top risk for 2027, and noted that increasingly frequent supply shocks have had surprisingly persistent effects and become more…
CNA Economy Full text
WASHINGTON, Oct 1 : The US Securities and Exchange Commission on Thursday proposed new rules it said would help govern investment funds' custody of crypto assets under federal securities laws, according to a statement.SEC Chair Paul Atkins…
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