Month: December 2024
Singapore, Vietnam firms in talks for new undersea cables, Reuters reports
Single fibers of a fiber optic cable. Oed | ullstein bild | Getty Images Singaporean asset manager Keppel and Vietnamese conglomerate Sovico Group are discussing plans for new undersea fiber-optic cables that would boost the region’s data centre industry, people familiar with the discussions said. Southeast Asian countries, a major junction for cables connecting Asia to […]
Read More
China says Philippines has ‘provoked trouble’ in South China Sea with U.S. backing
A vessel identified by the Philippine Coast Guard as “Chinese maritime militia” (back R) and a China Coast Guard vessel (front R) sailing near the Philippine military chartered Unaizah May 4 (L) during its supply mission to Second Thomas Shoal in the disputed South China Sea on March 5, 2024. Jam Sta Rosa | Afp […]
Read More
Singapore workers are afraid to admit using AI at work, even as demand for AI talent surges
AI adoption is on the rise in Singapore, with 52% of workers in the country using the technology in their jobs, according to Slack’s new Workforce Index. Primeimages | E+ | Getty Images The use of artificial intelligence has grown across industries globally, but there is still some confusion over how to properly use the […]
Read More
CNBC Daily Open: Inflation’s hot, but so are markets this year
Employees work at stations on the factory floor of Vanson Leathers, in their New Bedford factory, on Sept. 26. Lane Turner | Boston Globe | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
Read More
Dow futures are little changed after index posts longest losing streak since April: Live updates
Traders work on the floor of the New York Stock Exchange. NYSE Dow futures were little changed in overnight trading Thursday following a losing session on Wall Street. Futures tied to the Dow Jones Industrial Average hovered near the flatline. S&P 500 futures advanced nearly 0.2%, while Nasdaq-100 futures rose 0.5%. Broadcom gained 14% after […]
Read More
SEC charges Cantor Fitzgerald, led by Trump’s Commerce pick, with breaking securities laws
Howard Lutnick, chairman and CEO of BGC Partners Inc., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 8, 2022. Brendan McDermid | Reuters WASHINGTON — The Securities and Exchange Commission on Thursday charged global financial services firm Cantor Fitzgerald with violating laws related to disclosures by so-called […]
Read More
Asia markets fall as investors assess China’s stimulus vows after high-level economic meeting
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets fell Friday, mirroring moves on Wall Street that was weighed down by a hotter-than-expected producer price inflation reading. The producer price index, which measures wholesale inflation, climbed 0.4% for November, higher […]
Read More
Want to cash in on the emerging market boom? HSBC gives 2 of its top picks over 50% upside
A pick-up in consumer demand, improving economic growth and attractive stock market valuations have contributed to the popularity of emerging markets (EM) this year. HSBC is sticking to its “cautiously constructive” stance on them in 2025, as U.S. President-elect Donald Trump prepares to return to office in January. “There is no sugar coating that tariffs […]
Read More
Flushing Financial seeks to raise $70 million to shore up capital as it unloads underwater bonds
Flushing Bank in New York City. Google Earth Flushing Financial, a New York-based commercial real estate lender, is seeking to raise $70 million to shore up its capital, CNBC has learned. The bank’s CEO, John Buran, has told potential investors that he intends to sell low-yielding bonds and loans backed by commercial real estate, including […]
Read More
Broadcom beats on profit, says AI revenue more than tripled this year
Broadcom CEO Hock Tan. Lucas Jackson | Reuters Broadcom reported better-than-expected fourth-quarter earnings on Thursday and said artificial intelligence revenue for the year more than tripled. The chipmaker’s stock ticked higher in extended trading. Here’s how Broadcom did versus LSEG consensus estimates for the quarter ending Nov. 3: Earnings per share: $1.42, adjusted vs. $1.38 […]
Read More