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CNA Economy Full text
Oct 8 : Technology companies and utilities are increasingly exploring ways to make power-hungry data centers more flexible in when and how they consume electricity, helping ease the strain on US power grids as AI-driven demand surges.The…
CNA Economy Full text
Oct 8 : PepsiCo warned on Thursday that growth and margin recovery in its key North American market was taking longer than planned and said it would pursue additional cost cuts to offset sluggish demand for its snacks and beverages. Faced…
CNA Economy Full text
Oct 8 : PepsiCo warned on Thursday that growth and margin recovery in its key North American market was taking longer than planned and said it would pursue additional cost cuts to offset sluggish demand for its snacks and beverages. Faced…
CNA Economy Full text
LONDON, Oct 8 : British online fashion retailer ASOS said on Thursday that a cybersecurity breach earlier this week had exposed some customers' personal information, including names and contact details, according to its initial…
CNA Economy Full text
Singapore bank stocks tumbled for the second day in a row after a Citi report downgraded OCBC to a “sell” rating, saying it expected the bank's third-quarter earnings to be flat from a year earlier.
CNA Economy Full text
BOSTON/LONDON/SYDNEY, Oct 8 : Global shares slid on Thursday as a mild pullback in sovereign bond yields was countered by a jump in oil prices and indicators of the massive debt that technology companies may need to sustain their dramatic…
CNA Economy Full text
LONDON/SYDNEY, Oct 8 : Global shares slid on Thursday as strains in sovereign bond markets were aggravated by a jump in oil and gas prices and reports that some major tech firms were seeking to raise billions in debt in direct competition…
CNA Economy Full text
Oct 8 : Hedge fund WorldQuant said on Wednesday registrations for this year's flagship global quant research contest have almost doubled from a year earlier, as increased adoption of AI has helped more university students build trading…
CNA Economy Full text
NEW YORK, Oct 8 : The dollar retreated on Thursday as a rise in euro zone bond yields stalled, while expectations for the path of interest rates from the Federal Reserve this year remained largely intact.Euro zone government bond yields…
CNA Economy Full text
NEW YORK, Oct 8 : The dollar retreated on Thursday as a rise in euro zone bond yields stalled, while expectations for the path of interest rates from the Federal Reserve this year remained largely intact.Euro zone government bond yields…
CNA Economy Full text
ZURICH, Oct 8 : Swiss federal pension fund Publica said on Thursday it was exposed to a data leak after an external software provider suffered a cyber attack at the end of September. • Publica, which manages pensions for Swiss federal…
CNA Economy Full text
Oct 8 : Tencent is considering raising up to $5 billion via an offshore bond sale, Bloomberg News reported on Thursday, as the Chinese technology giant ramps up spending on AI and computing infrastructure in line with its peers.Here are…
CNA Economy Full text
Indonesia has attracted massive investment into its metal industry and smelting, but recent policies have raised concerns from some business players.
CNA Economy Full text
BANGKOK, Oct 8 : Thailand's central bank chief said on Thursday there is no rush to raise interest rates and monetary policy could not address structural issues constraining economic growth. • The central bank left its key interest rate…
CNA Economy Full text
TOKYO, Oct 8 : The Japanese operator of the 7-Eleven convenience store chain, Seven & i Holdings, said on Thursday it booked an 11 per cent fall in second-quarter operating profit.The firm generated 127.3 billion yen ($805 million)…
CNA Economy Full text
TOKYO, Oct 8 : Japan's Fast Retailing, owner of global clothing brand Uniqlo, booked its fifth consecutive record annual profit on Thursday, as its overseas growth overcame the effects of a weak yen at home.Operating profit amounted to…
CNA Economy Full text
OSLO, Oct 8 : French AI infrastructure group Sesterce said on Thursday it plans to develop a data centre site in Finland costing more than €10 billion ($11.21 billion), the latest in a series of foreign technology investments in the Nordic…
CNA Economy Full text
TOKYO, Oct 8 : The Bank of Japan said on Thursday price increases driven by higher raw material costs were spreading to consumer goods with some firms hiking prices more frequently than in the past, signaling its concern over broadening…
CNA Economy Full text
BENGALURU, Oct 8 : India defended its satellite internet approval process as fair and non-discriminatory on Thursday, hours after billionaire Elon Musk accused unnamed "oligarchs" of blocking Starlink's launch in the South Asian…
CNA Economy Full text
BANGKOK, Oct 8 : Thailand's consumer confidence index dropped for the first time in four months in September, hurt by flooding, a slow economic recovery and high living costs, a survey showed on Thursday.• The consumer confidence index of…
CNA Economy Full text
SEOUL, Oct 8 : South Korea is considering prohibiting investment banks without domestic securities licenses from arranging offshore bond sales of local issuers amid an overseas issuance boom, a Ministry of Finance and Economy official told…
CNA Economy Full text
SEOUL, Oct 8 : South Korea is considering prohibiting investment banks without domestic securities licenses from arranging offshore bond sales of local issuers amid an overseas issuance boom, a Ministry of Finance and Economy official told…
CNA Economy Full text
SEOUL: The suspect behind recent cyberattacks targeting South Korea's financial sector may be a 26-year-old based in China's Guangdong province who used a Chinese-developed AI agent tool called ARTEX and Anthropic's
CNA Economy Full text
TOKYO, Oct 8 : The Tokyo Financial Exchange will launch a new futures contract to help traders hedge increased volatility as a more active Bank of Japan reshapes the nation's rate markets.The exchange will introduce futures tied to the…
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