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CNA Economy Full text
Oct 30 : Shares of Reddit and Pinterest fell in premarket trading on Friday, after Reddit warned that Google's AI search features could shrink its user base, and Pinterest forecast weak fourth-quarter revenue.Reddit shares tumbled 23 per…
CNA Economy Full text
Oct 30 : Hong Kong flagship carrier Cathay Pacific Airways said on Friday a data security breach at the Spanish software provider Amadeus affected around 53,000 bookings, though its own systems and operations were unaffected.Cathay joins…
CNA Economy Full text
TOKYO, Oct 30 : Japanese Finance Minister Satsuki Katayama said on Friday it was "obvious" that the central bank's decision to speed up sales of its exchange-traded funds (ETF) holdings would boost surplus payments to the government.The…
CNA Economy Full text
TOKYO, Oct 30 : Japan's Panasonic Holdings said on Friday that operating profit at its energy unit surged to 55.6 billion yen ($352 million) in the second quarter from 1.2 billion yen a year earlier, boosted by higher sales of in-vehicle…
CNA Economy Full text
Oct 30 : Spotify aims to launch an AI-powered music remix service in the first quarter of 2027, targeting a potential unveiling around the Grammy Awards in February, the Financial Times reported on Friday, citing people familiar with the…
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HONG KONG, Oct 30 : The yen was steady on Friday ahead of the Bank of Japan's policy decision, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety.The BOJ is set to keep…
CNA Economy Full text
Oct 29 : Nvidia is in talks to offer AI cloud provider Nscale billions of dollars in credit guarantees to support debt funding for a data center earmarked for Anthropic, The Information reported on Thursday, citing people with knowledge of…
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TOKYO, Oct 30 : Annual core inflation in Japan's capital well exceeded the central bank's 2 per cent target in October, data showed on Friday, highlighting mounting price pressure and cementing the case for further interest rate hikes.The…
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NEW YORK, Oct 29 : The US filed a lawsuit on Thursday accusing Google of failing to give an employee his old job back or put him in a similar job after he returned from a year of military leave as a US Army reservist.According to a…
CNA Economy Full text
Oct 29 : Serval raised $150 million in a Sequoia-led round at a $3 billion valuation, as the enterprise automation company seeks to use AI agents to handle workplace tasks and replace legacy software across large organizations.The round…
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SEOUL, Oct 29 : Hyundai Motor reported a 5.5 per cent rise in third-quarter operating profit on Thursday, as favourable foreign exchange rates helped offset the impact of partial strikes and weaker sales of ageing models. Hyundai, which…
CNA Economy Full text
The Singtel-owned firm also announced three partnerships to scale up AI projects at Changi Airport, the Institute of Mental Health and Life3 Biotech.
CNA Economy Full text
SEOUL, Oct 29 : A voting member on the Bank of Korea's board warned that the recent pace of the won's moves warranted close monitoring, signalling caution over the currency even as the export-reliant economy benefits from booming demand…
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HANOI, Oct 29 : Vietnam has approved a plan to set the minimum state ownership level for state-run lenders at 65 per cent by 2030, part of a broader programme to restructure state capital in major enterprises and banks. State holdings…
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Oct 29 : Cash flow is king again.Wall Street rewarded Microsoft and Oracle on Wednesday for showing that they could fund their enormous AI ambitions without endlessly tapping investors. Alphabet, by contrast, was punished for burning…
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TOKYO, Oct 29 : Japan's Denso, a major auto parts supplier to Toyota, reported an 18 per cent fall in second-quarter operating profit on Thursday, as higher parts and material costs weighed on results.Operating profit for the…
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SEOUL, Oct 29 : Samsung Electronics said on Thursday its operating profit rose nearly ninefold to a record high in the third quarter, driven by robust demand for AI chips, even as investors remained wary about the durability of AI…
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WASHINGTON, Oct 28 : The leak website Distributed Denial of Secrets said on Wednesday it has released data on more than 40,000 Department of Homeland Security employees, including details about officials working in sensitive fields such as…
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TOKYO, Oct 29 : Oil prices fell on Thursday, paring the previous day's gains, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict.Brent crude futures declined 82…
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NEW YORK, Oct 28 : The Federal Election Commission restored its electronic filing system Wednesday night after taking it offline for nearly 41 hours to contain a cyberattack, which temporarily concealed spending from big donors as…
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Oct 28 : Gen Digital raised its annual revenue forecast on Wednesday, signaling sustained demand for its cybersecurity offerings as consumers seek protection from increasingly sophisticated online threats.Shares of the company rose about 7…
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Oct 28 : Microsoft on Wednesday delivered a big cash flow beat and forecast strong cloud growth, offering fresh evidence that its hefty AI bets were paying off even as concerns mount over Big Tech's spending spree.The results underscore a…
CNA Economy Full text
Oct 28 : Microsoft on Wednesday forecast fiscal second-quarter cloud growth and overall sales that beat Wall Street estimates, sending shares up more than 5 per cent in after-hours trading.The forecast came after Microsoft had earlier…
CNA Economy Full text
Oct 28 : Google parent Alphabet on Wednesday missed Wall Street profit and revenue expectations, and AI spending accelerated its cash burn, sending its shares down more than 10 per cent in extended trading.Capital expenditures, driven by…
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