By Xinghui Kok and Yantoultra Ngui SINGAPORE (Reuters) – Singapore’s central bank on Monday left its monetary policy settings unchanged, as expected, as data showed the economy picked up pace in the third quarter. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate, or S$NEER. The width and the level at which the band is centred would also be maintained, the MAS said. “The risks to Singapore’s inflation outlook are more balanced compared to three months ago,” MAS said in a…
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Something different happened Friday – so different that it took my breath away. The first Friday of earnings season has recently been such a jumble of tension that we had forgotten what it’s like to have multiple big quarters reported in the morning. But that was exactly what we got. It was surreal. BlackRock reported early, and it was solid per usual. We had CEO Larry Fink on CNBC’s “Squawk on the Street.” It took me about 8 minutes to get up to speed, given that BlackRock is an asset management story. And, the assets? They aren’t dripping in. They…
Investing.com– U.S. stock index futures fell slightly in evening deals on Sunday as investors hunkered down before the third-quarter earnings season picked this week, while anticipation of more cues on interest rates also weighed. Futures were muted after Wall Street rose to record highs on Friday as positive earnings from major banks helped investors look past questions over whether the Federal Reserve will cut interest rates in November. A slew of Fed speakers are set to provide more cues on interest rates this week, while some economic data is also expected to factor into the outlook. fell 0.1% to 5,856.25…
By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets. As the trading week begins in Asia, Chinese stocks are coming off several days of retrenchment while U.S. equities keep churning higher. Wall Street’s main indexes ended with gains on Friday. The benchmark S&P 500 stood at … Source link
Taipei, Taiwan, Oct. 14, 2024 (GLOBE NEWSWIRE) — Committed to building a “green energy-driven, AI-native decentralized infrastructure,” the innovative platform Zen42.ai has officially joined Mobii Green Energy’s New Zealand Green HI-City project. Led by Mobii Green Energy Group and New Zealand’s North Rakaia Power Company, the project aims to establish the world’s first green hydrogen-powered data center, setting a new global standard for sustainable AI infrastructure. The cooperation agreement was signed by Chairman Kenny Tseng and Founder Yali Li, witnessed by Selwyn Mayor Sam Broughton, along with representatives from Supermicro and Zen42.ai. The Green HI-City project expects to raise $2…
Investing.com– Chinese consumer inflation unexpectedly eased in September as private spending remained weak, while a decline in producer inflation worsened, highlighting the need for more stimulus measures in the country. inflation grew 0.4% year-on-year in September, government data showed over the weekend. The reading was slower than expectations it would remain steady from the 0.6% seen in the prior month. Month-on-month was flat, missing expectations for growth of 0.4%. The reading highlighted continued weakness in personal consumption, as worsening economic conditions in the country kept domestic demand under pressure. Excessive domestic investment has also kept a deflationary trend largely in…
SOUTHEASTERN OKLAHOMA, Okla. (KXII) – The USDA announced more than $3.5 million in grants to support schools located across Southeastern Oklahoma on Thursday.The funding is part of the Biden-Harris Investing in America Agenda to deliver critical resources to strengthen rural America.The grants will give schools funding for transportation, STEM and language courses as well as law enforcement training for school resource officers.Atoka and Caney schools and the Choctaw Nation all received a portion of the money.Copyright 2024 KXII. All rights reserved. Source link
(Bloomberg) — Asian markets are poised for a cautious start as China’s Finance Ministry briefing at the weekend underwhelmed and a drop in factory prices added to concerns over the nation’s economy.Most Read from BloombergAustralian and New Zealand dollars slipped against the greenback in early trading on Monday. US stock futures fell in Asia after the S&P 500 rose 0.6% on Friday. Japanese markets are closed for a holiday, while Hong Kong trading resumes following a three-day weekend. Elsewhere, oil declined over 1%, while gold edged lower.Investors will be monitoring Chinese markets after Finance Minister Lan Fo’an vowed more support…
The surge of retail investor activity in public markets is a well-documented phenomenon. Digital brokerage platforms and online learning channels are the primary drivers. They often give users the illusion that they can compete with large institutional investors and capitalize on market volatility. Retail investors comprised 25% of total equities trading volume in 2021, which was nearly double the percentage reported a decade earlier, according to online investing platform Public. In February 2023, retail investors across online platforms set a new all-time high for weekly inflows, with $1.5 billion in retail assets pouring into the market in a single week,…
By Michael Holden LONDON (Reuters) – A public inquiry into the death of a woman who Britain says was unwittingly killed by the Novichok nerve agent following the attempted murder of former Russian double agent Sergei Skripal six years ago will begin on Monday. Dawn Sturgess died from exposure to Novichok in July 2018 after her partner found a counterfeit perfume bottle which police believe had been used by Russian intelligence operatives to smuggle the poison into the country. Skripal, who sold Russian secrets to Britain, and his daughter Yulia had been found slumped unconscious on a public bench in…