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Binance hack prompted US regulators to check in on bank systems, sources say
NEW YORK, Nov 5 : US regulators contacted banks to check whether their systems had any vulnerabilities after last week's $6.3 billion hack of Binance, alert to the risks that a hack in crypto markets could affect traditional finance at a…
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Qualcomm slumps as weak smartphone chip sales overshadow data-center momentum
Nov 5 : Qualcomm shares dropped about 9 per cent in premarket trading on Thursday after smartphone chip sales missed Wall Street estimates, raising concerns that weakness in its core handset business could offset gains from newer growth…
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Unilever to sell Myanmar joint venture stake, deal expected to close in 2027
Nov 5 : Consumer goods giant Unilever said on Thursday that it will exit a joint venture in Myanmar, even as a new military-backed government in the war-torn Southeast Asian country seeks to drum up foreign investment. • "Unilever can…
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India flags Chinese-linked AI tools in hacking campaign against financial firms
India's cybersecurity agency said the attackers used publicly available AI tools to automate break-ins "at machine speed", calling the threat "active and ongoing".
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South Korea to introduce taxes on digital assets in 2029
SEOUL, Nov 5 : South Korea plans to introduce taxes on digital assets in 2029, two years later than previously envisaged, the finance ministry said on Thursday. • The government will consult parliament on postponing taxes on digital assets…
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Sony Q2 profit jumps on 'Spider-Man' and PlayStation boost
TOKYO, Nov 5 : Sony on Thursday reported a 45 per cent rise in second-quarter operating profit to 622.3 billion yen ($3.95 billion), beating market estimates, due to stronger performance at its games and movies units. Contributors to the…
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Indonesia Q3 GDP growth at 5.47%, beats expectations
Indonesia has contended with weaker investor sentiment this year amid heightened scrutiny of the government's fiscal plans and its broader policy directions.
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DBS names board director Anthony Lim as new chairman; Peter Seah retires after 16 years
Mr Lim, a DBS board member since 2020, will take over on Jan 1, 2027, as Mr Seah steps down after overseeing a period of significant growth and digital transformation at Singapore's largest bank.
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Japan services activity expands for fifth month, PMI shows
TOKYO, Nov 5 : Japan's service sector expanded modestly in October as activity and new orders both rose slightly faster, a business survey showed on Thursday.• The S&P Global final Japan Services Purchasing Managers' Index (PMI) edged…
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Australia's NEXTDC rallies; calls Goodman, Digital Realty share bid 'opportunistic'
Nov 5 : Australian data centre operator NEXTDC said on Thursday its board considered an aftermarket book build by an entity owned by Goodman Group and Digital Realty to be "opportunistic", and that it had received no takeover…
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Australia data centre inquiry finds inadequate checks, stops short of moratorium
SYDNEY, Nov 5 : An inquiry into data centres by Australia's most populous state found approvals failed to consider the cumulative effect on resources and infrastructure but stopped short of calling for a moratorium, prompting a blistering…
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DBS third-quarter net profit falls 5% on year, misses forecasts
DBS separately named independent director Anthony Lim as its next chairman, succeeding Peter Seah after 16 years.
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Google turns off AI for schoolchildren by default
Google said the new controls would be rolled out worldwide, beginning in the United States, but that it had not yet set a date.
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Goldman, Apollo seek buyers for $40 billion SpaceX AI chip deal, Bloomberg News reports
Nov 4 : Goldman Sachs and Apollo Global Management are in talks with investors to sell portions of a roughly $40 billion financing deal for SpaceX's AI chips, Bloomberg News reported on Wednesday.The two firms have begun approaching…
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