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CNA Economy Full text
TOKYO, Oct 7 : The US dollar remained lower on Wednesday after stress in European bond markets abated and as eyes turned to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike.The…
CNA Economy Full text
HANOI, Oct 7 : Vietnamese banks are planning nearly $7 billion in share sales as the country's fast-growing economy fuels demand for capital, opening a window for foreign investors to expand in the tightly controlled sector.Communist-run…
CNA Economy Full text
PERTH, Oct 7 : Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen's Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East…
CNA Economy Full text
WASHINGTON, Oct 6 : The Federal Aviation Administration said on Tuesday it is proposing to streamline regulations for commercial space launches and re-entries.The moves include allowing operators to submit launch applications…
CNA Economy Full text
NEW YORK, Oct 6 : A US judge on Tuesday authorized an investment fund that filed a criminal complaint in Switzerland against iron ore trader Radiant World to subpoena payments records from the Federal Reserve Bank of New York and the…
CNA Economy Full text
TOKYO, Oct 7 : Japan's real wages rose 1.5 per cent in August from a year earlier, marking the eighth consecutive month of gains, government data showed on Wednesday, pointing to a continued recovery in wage growth. • The solid wage data…
CNA Economy Full text
TOKYO, Oct 7 : Business confidence at big Japanese manufacturers rose in October to its highest level in nearly five years, helped by robust chip demand, but sentiment among non-manufacturers deteriorated sharply amid rising costs, a…
CNA Economy Full text
SEOUL, Oct 7 : Samsung Electronics is expected to report a nearly nine-fold jump in third-quarter operating profit, driven by robust AI demand, though analysts have cut forecasts by nearly 8 per cent since the end of August.Despite…
CNA Economy Full text
Oct 6 : The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Papua New Guinea on reviews of its funding facilities, potentially unlocking up to $189 million once approved by the fund's executive…
CNA Economy Full text
Oct 6 : SpaceX plans to raise $40 billion, led by asset manager Apollo Global Management, for purchasing Nvidia AI chips, the Financial Times reported on Tuesday, citing people familiar with the matter.The Elon Musk-led company is looking…
CNA Economy Full text
Oct 6 : SpaceX plans to raise $40 billion, led by asset manager Apollo Global Management, for purchasing Nvidia AI chips, the Financial Times reported on Tuesday, citing people familiar with the matter.The Elon Musk-led company is looking…
CNA Economy Full text
TOKYO, Oct 7 : The Bank of Japan's new policymaker Ayano Sato said she supports the idea of raising interest rates in several stages, Kyodo news agency reported on Wednesday, highlighting awareness even among dovish board members of the…
CNA Economy Full text
Oct 6 : Credit-scoring giant Fair Isaac, known as FICO, said on Tuesday it would trim about 15 per cent of its workforce as part of a broader restructuring and AI integration, becoming the latest US company to cut jobs as businesses…
CNA Economy Full text
Oct 6 : Credit-scoring giant Fair Isaac , better known as FICO, said on Tuesday it would cut about 15 per cent of its workforce as it simplifies its operating structure and integrates AI into product development.Fair Isaac had 3,811…
CNA Economy Full text
Oct 6 : Black Hills Corp said on Tuesday it signed agreements to power a proposed Google data center in Cheyenne, Wyoming, and plans to spend $1.8 billion from 2027 to 2029 on new generation capacity, as tech firms race to secure…
CNA Economy Full text
WASHINGTON, Oct 6 : The US Justice Department directed its employees on Tuesday to use the words "super intelligence" instead of "artificial intelligence" when referring to the technology in most circumstances, including in court…
CNA Economy Full text
Oct 6 : Anthropic is expanding a program that allows vetted cybersecurity professionals to test its most powerful AI models with fewer safeguards, after its Project Glasswing initiative helped uncover more than 100,000 software…
CNA Economy Full text
Oct 6 : Nvidia-backed cloud-computing company Lambda is raising up to $4 billion at a pre-money valuation of $14.5 billion in what would be its final funding round before a planned initial public offering, the Wall Street Journal reported…
CNA Economy Full text
NEW YORK, Oct 6 : Oil prices were steady on Tuesday after recovering earlier losses, as the market weighed increases in Middle Eastern crude exports and a planned Group of Seven release of emergency diesel and crude stockpiles against…
CNA Economy Full text
LONDON/SEOUL, Oct 6 : Russia imported more than 176,000 tons of petroleum products from South Korean ports in July and August, easing the impact of a fuel crisis caused by Ukrainian drone strikes on Russian oil refineries, Ukraine's top…
CNA Economy Full text
THE HAGUE, Oct 6 : Thousands of administrative systems at wind and solar power parks in Europe are exposed to the internet, potentially giving attackers access to interfaces that can stop turbines and raising the risk of sabotage, Dutch…
CNA Economy Full text
NEW YORK, Oct 6 : The euro rebounded on Tuesday and was poised for its strongest move higher in seven weeks after falling to a 17-month low on the prior day, as a pullback in French government bond yields eased fears about strain in euro…
CNA Economy Full text
NEW YORK, Oct 6 : The euro rebounded on Tuesday and was on pace for its strongest move higher in a month after falling to its lowest in 17 months in the prior day, as a pullback in French government bond yields cooled fears about strain in…
CNA Economy Full text
LONDON, Oct 6 : Google was accused of abusing its dominance to levy excessive commissions on app developers, as a mass consumer lawsuit worth over £1 billion ($1.33 billion) began in London on Tuesday.The case — brought on behalf of around…
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