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CNA Economy
SingPost's first-half net profit rises 183.7% to S$55.9 million on HDB shophouse sale and leaseback
Excluding one-off gains, SingPost's underlying net profit more than doubled to S$11.5 million, despite a decline in revenue.
CNA Economy
Shares plunge in Tokyo and Seoul after US tech rout
Investors are centred on worries that the US electoral shakeup will hit key AI investments seen as important to economic growth.
CNA Economy
OCBC third-quarter net profit up 3% on-year, above forecasts
The bank said Great Eastern saw mark-to-market losses in its bond portfolio in the third quarter, while significant gains from equities made in the second quarter were not repeated.
CNA Economy Full text
Exclusive-AI backlash could threaten Anthropic IPO timing, potential investors say
NEW YORK/SAN FRANCISCO, Nov 5 : Potential investors in Anthropic's highly anticipated IPO are raising doubts about whether the artificial intelligence startup can proceed with its planned roadshow next week in time for a November listing…
CNA Economy Full text
Japan's real wages rise for ninth month in September, backing BOJ rate hike
TOKYO, Nov 6 : Japan's real wages rose 2.2 per cent in September from a year earlier, marking the ninth consecutive month of gains, government data showed on Friday, supporting the case for the Bank of Japan to keep raising interest…
CNA Economy
Trading Day: A November 5 market bonfire
CNA Economy Full text
Commentary: Who keeps crashing China’s stock market?
Over the past decade, the domestic market has endured at least three bear runs that prompted emergency government bailouts, says Shuli Ren for Bloomberg Opinion.
CNA Economy Full text
A brutal sell-off for AI stocks sends Wall Street reeling, and the S&P 500 tumbles 4.4%
NEW YORK: A brutal sell-off swept through Wall Street Thursday (Nov 5), led by stocks tied to the buildout of AI data centres. The wipeout more than erased the US stock market’s gain from the day before, which was its best in three…
CNA Economy
Brutal sell-off for AI stocks sends Wall Street reeling
The nationwide victories for the Democrats have raised the possibility that governments could force pauses in the construction of more data centres.
CNA Economy Full text
Neocloud firm IREN tops quarterly revenue estimates, shares jump
Nov 5 : IREN beat quarterly revenue estimates on Thursday, driven by strong growth in its AI cloud business, sending its shares up more than 9 per cent in extended trading.Companies such as Iren are building energy-intensive data centers…
CNA Economy Full text
Google plans $17 billion Wyoming data center amid rising threats of curbs
Nov 5 : Alphabet's Google will invest $17 billion to build its first data center in Wyoming, the company said on Thursday, pushing ahead with a major AI infrastructure investment as political resistance to data center expansion grows…
CNA Economy Full text
SpaceX, Tesla extend losses as midterm results cloud data center, merger outlook
Nov 5 : Shares of Elon Musk's companies SpaceX and Tesla slumped on Thursday, extending losses from the previous session, as investors worried that Democratic wins in the US midterm elections could slow data center build-outs.SpaceX, which…
CNA Economy Full text
Siberian burial site reveals ancient use of cannabis as an intoxicant
Nov 5 : A Siberian burial mound from the ancient Scythian culture dating to 2,800 years ago has yielded the oldest-known evidence for the use of cannabis for its mind-altering effects, with scientists finding its seeds among the grave…
CNA Economy Full text
US proposes space launch rule changes in potential boost for SpaceX
WASHINGTON, Nov 5 : The US Federal Aviation Administration proposed on Thursday streamlining regulations for commercial space launches and re-entries and said it plans to overhaul its space licensing framework next year, a potential boost…
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