Japan's top currency diplomat calls for vigilance to excessive FX fluctuations
RIO DE JANEIRO : Japan has told the Group of 20 meeting they must be increasingly vigilant to excessive, speculative foreign exchange fluctuations, top currency diplomat Masato Kanda said on Thursday."Excessive currency volatility has a negative impact on the economy," Kanda said during a ...
Japan urges G20 vigilance against excessive FX fluctuations
RIO DE JANEIRO :Japan has urged its G20 peers to be increasingly vigilant to excessive foreign exchange rate fluctuations driven by speculation, Tokyo's top currency diplomat Masato Kanda said on Thursday.Speaking at a press conference at the G20 finance ministers and central bank governors mee ...
Japan calls for vigilance against excessive FX fluctuations at G20
RIO DE JANEIRO :Japan has warned of the need to be increasingly vigilant to excessive foreign exchange fluctuations driven by speculation at a Group of 20 meeting, top currency diplomat Masato Kanda said on Thursday."Japan has said we must respond appropriately based on G20 comittments that exc ...
MAS keeps monetary policy on hold for fifth time in a row; inflation expected to moderate
Reuters polled 10 analysts, and nine expected MAS to leave policy unchanged.
Keppel DC REIT reports DPU of 4.549 cents for 1HFY2024, y-o-y decrease but h-o-h increase
Nicole Lim - Keppel DC REIT has reported a distribution per unit (DPU) of 4.549 cents for the 1HFY2024 ended June 30, a 9.9% y-o-y decrease from 5.051 cents the same period a year before, but a 5% h-o-h increase from 4.332 cents in 2HFY2023. The REIT recorded a distributable income of $80.9 million, a 11.4% y- ...
MAS leaves monetary policy settings unchanged; expects full-year GDP at 2-3%
Tessa Oh - SINGAPORE’S central bank left its monetary policy settings unchanged on Friday (Jul 26) for the fifth straight meeting, in line with market...
MAS leaves monetary policy settings unchanged; narrows GDP forecast range to 2-3%
Tessa Oh - SINGAPORE’S central bank left its monetary policy settings unchanged on Friday (Jul 26) for the fifth straight meeting, in line with market...
First REIT reports 1HFY2024 DPU of 1.2 cents, 3.2% lower y-o-y
Khairani Afifi Noordin - First REIT has reported a DPU of 1.2 cents for 1HFY2024 ended June, down 3.2% from the 1.24 cents recorded in the previous corresponding period due to stronger Singapore dollar against the Indonesian rupiah and Japanese yen. In 1HFY2024, the REIT’s rental and other income dipped 3.7% y-o-y to $5 ...
Google’s DeepMind says its AI can tackle math olympiad problems
GOOGLE DeepMind, Alphabet’s artificial intelligence (AI) research division, said it has made strides in solving complex math problems, an area that remains...
Core inflation in Japan's capital rises 2.2% yr/yr in July
TOKYO : Core consumer prices in Japan's capital rose 2.2 per cent in July from a year earlier, data showed on Friday, accelerating for the third straight month and keeping alive market expectations of a near- term interest rate hike.The data comes ahead of the Bank of Japan's two-day polic ...
Core inflation in Japan's capital perks up, demand-driven price growth soft
TOKYO :Core inflation in Japan's capital accelerated for a third straight month in July, data showed on Friday, keeping alive market expectations of a near-term interest rate hike by the central bank.But an index that strips away energy costs, seen as a better gauge of underlying price trend, r ...
CapitaLand Ascott Trust reports 8% y-o-y decline in 1HFY2024 DPS of 2.55 cents
Khairani Afifi Noordin - CapitaLand Ascott Trust (CLAS) has reported a distribution of stapled security (DPS) of 2.55 cents for its 1HFY2024 ended June, down 8% from the 2.78 cents recorded in the previous corresponding period. Acquisitions, completed asset enhancement initiatives (AEIs) and interest savings from the repaym ...
After trying over 80 types of coloured contact lenses, 3 friends created their own brand to sell their designs
An engineer, a social media influencer and a second-generation business owner came together to create Heylens in Singapore, a brand heavily inspired by social media-driven popular culture. They tell CNA Women about their addiction to coloured contact lenses and how it led to their entrepreneurship j ...
Ray-Ban maker EssilorLuxottica confirms Meta interested in stake
ESSILORLUXOTTICA confirmed Meta Platforms is interested in buying a stake in the world’s biggest eyewear maker.
CrowdStrike says over 97% of Windows sensors back online
More than 97 per cent of Windows sensors are back online, CrowdStrike's CEO George Kurtz said on Thursday, nearly a week after a software update by the cybersecurity firm triggered a global outage.The company's Falcon platform sensor is a security agent installed on devices such as laptops ...
Lululemon slides as sales pause on new product spooks analysts
LULULEMON Athletica shares dropped to their lowest level in four years as analysts raised fresh concerns about the company’s ability to hit...
GM’s cruise targets resumption of driverless rides this year
CRUISE, the self-driving vehicle unit majority owned by General Motors (GM), is targeting a return to running fully autonomous rides later this...
Hermes sales jump as Birkin bag maker outperforms peers
HERMES sales jumped in the second quarter as the Birkin bag maker weathered the luxury demand slowdown better than peers, thanks to...
Johor-Singapore SEZ: Businesses say Malaysia’s ‘stickier’ government boosts their confidence in project, but brain drain remains a risk
Firms told CNA they had overcome initial concerns over the proposed special economic zone, but competing with Singapore for technical and skilled workers still poses a potential challenge.
Epic Games says Fortnite returning to iOS in EU, leaving Samsung app store
:Videogame company Epic Games said on Thursday its popular title "Fortnite" will be returning to Apple's iOS systems in the European Union soon, amid a long-winded legal battle with the iPhone maker. Epic Games also said its videogames will be leaving the Samsung Galaxy Store in prote ...
Nominee directors may seek higher fees under new laws, pinching corporate service providers’ margins
Megan Cheah - CORPORATE service providers who now have to find “fit and proper” individuals to act as nominee directors for companies are likely to...
Why are stocks, gold and the US dollar surging?
The US stock market has been on a tear over the past two years. The S&P 500 has increased by roughly 40...
Google AI systems make headway with math in progress toward reasoning
Alphabet's Google unveiled a pair of artificial intelligence systems on Thursday that demonstrated advances in solving complex mathematical problems, a key frontier of generative AI development.The current class of AI models, which work by statistically predicting the next word, have struggled ...
US crypto exchange Coinbase adds three board members, including OpenAI executive
NASHVILLE : U.S. cryptocurrency exchange Coinbase has added three new members to its board of directors, including an executive from ChatGPT-maker OpenAI, as the company steps up its efforts to sway U.S. crypto policy, Coinbase told Reuters on Thursday.The new members are Chris Lehane, a member of t ...
Tech-led selloff drives record volume in NDX options
NEW YORK : The selloff in U.S. stocks is driving record trading options on the Nasdaq 100 Index as the tech-heavy gauge is battered by turbulence in giant tech stocks. The index - in which about 70 per cent of the companies represented are tech - has slipped 7 per cent from its July 10 record high i ...
OpenAI takes aim at Google with limited roll out of SearchGPT
:OpenAI said on Thursday it is selectively rolling out SearchGPT, an artificial intelligence-powered search engine with real time access to the information from the internet.This move positions the Microsoft-backed startup directly against Google, the dominant search engine, as well as newer service ...
OpenAI enters Google-dominated search market with SearchGPT
OpenAI is venturing into a territory long dominated by Google with the selective launch of SearchGPT, an artificial intelligence-powered search engine with real-time access to information from the internet. The move, announced on Thursday (Jul 25), also places the AI giant in competition with its la ...
EssilorLuxottica says Meta told it about potential investment
MILAN :The head of eyewear company EssilorLuxottica said Meta had informed him that it might take a stake in the company, adding on Thursday that he would welcome such a step.The comments from CEO Francesco Milleri follow media reports last week that Meta could invest in the Ray-Ban maker. The Wall ...
EssilorLuxottica CEO says Meta would be welcome as shareholder
MILAN : The head of eyewear company EssilorLuxottica said he would welcome Meta as a shareholder after media reports that the U.S. tech company planned to take a small stake in the group.Speaking in a post-earnings call, CEO Francesco Milleri said he had been informed of the potential Meta investmen ...
GM's Cruise looks to start charging for robotaxi rides next year, Bloomberg News reports
:General Motors' self-driving technology unit, Cruise, aims to return to running fully autonomous rides later this year and charge fares by early 2025, Bloomberg News reported on Thursday, citing people familiar with the matter.The division had said earlier this week it would focus on developin ...
YouTube speeds in Russia may drop by up to 40% this week to pressure company, says senior lawmaker
MOSCOW : YouTube speeds on desktop computers in Russia may drop by around 40 per cent this week and up to 70 per cent the following week, a senior Russian lawmaker, close to the authorities, said on Thursday, part of a drive to persuade the video hosting site to reinstate blocked Russian channels. A ...
California top court upholds ballot measure treating Uber, Lyft drivers as independent contractors
California's top state court on Thursday upheld a measure approved by voters allowing app-based services such as Uber and Lyft to consider drivers in the most populous U.S. state as independent contractors rather than as employees entitled to greater benefits.The ruling by the California Suprem ...
Cyberattacks on Olympics are inevitable, says French Prime Minister
PARIS : Cyberattacks on the Paris Olympics are inevitable and France will do everything in its power to limit the impact they may have on the event, French Prime Minister Gabriel Attal said on Thursday."We are a target. There will be cyberattacks. The key thing is to limit their impact," A ...
Amazon racing to develop AI chips cheaper, faster than Nvidia’s, executives say
INSIDE Amazon.com’s chip lab in Austin, Texas, half a dozen engineers put a closely guarded new server design through its paces.
