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CNA Economy Full text
Oct 2 : Global equity funds attracted inflows for a second straight week, as optimism around AI investment and softer US inflation pushed up investor demand for stocks despite rising bond yields.Equity funds recorded net inflows of $34.76…
CNA Economy Full text
The airline was forced to cancel dozens of flights this week when floods hit the Thai capital.
CNA Economy Full text
(Refiles to remove extraneous text from advisory line, no changes to text in story.)By Echo Wang and Milana VinnNEW YORK, Oct 2 : Anthropic warned that government attitudes toward the company and its technology could have broader…
CNA Economy Full text
NEW YORK, Oct 2 : HSBC is expanding its technology, media and telecommunications investment banking franchise with a senior hire, Paras Jain from Cantor Fitzgerald, according to people familiar with the matter.The London-headquartered bank…
CNA Economy Full text
Oct 2 : Europe is increasingly able to source the components used in its supercomputers locally, but memory remains the biggest gap in the supply chain, the head of French supercomputer maker Bull said on Friday.Bull can now source around…
CNA Economy Full text
HONG KONG, Oct 2 : Hong Kong's August retail sales value jumped 5.6 per cent from a year earlier to HK$32.1 billion ($4.09 billion) for a 16th month of gains, government data showed on Friday.• In July, retail sales value rose 4.5 per cent…
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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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