Tag: costs
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BOJ to keep rates steady, deliver hawkish signal as government props up yen
TOKYO, July 31 : The Bank of Japan is set to keep interest rates steady on Friday but signal its resolve to continue pushing up borrowing costs, after the government intervened to boost the weak yen, keeping pressure on the central bank to show its hawkishness.Japan conducted yen-buying, dollar-selling market
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BOJ to keep rates steady, deliver hawkish signal as price pressures mount
TOKYO, July 31 : The Bank of Japan is set to keep interest rates steady on Friday but signal its resolve to continue pushing up borrowing costs, as mounting price pressures from the weak yen and Middle East conflict risk driving underlying inflation above its target.The expected hawkish signals from the BOJ w
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How ‘blue dot fever’ is affecting concerts
Live music remains popular, but many concerts are struggling with unsold tickets and cancellations. While superstars fill stadiums, smaller venues and acts are facing a crisis.
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‘Crisis’ in youth sports comes into focus after early US World Cup exit
ATLANTA/NEW YORK, July 16 : Another early World Cup exit underscores a fractured youth sports culture in the United States, as the nation hopes to catch up with footballing powerhouses that have no clogs in their talent pipeline.The Americans have not reached the quarter-finals of the global showpiece since 2
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Volkswagen planning to cut up to 100,000 jobs globally
The group, which includes Porsche and Audi, has faced a steep fall in profits and tough competition from China.
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White House to rally utilities, data centers over AI power costs
WASHINGTON, July 13 : The White House plans to bring together utility companies and data center developers for a voluntary pledge designed to ensure rapid growth in electricity demand from artificial intelligence does not drive up power bills for households and businesses, according to three people familiar with the
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Japan’s wholesale inflation hits 3-year high as fuel costs, weak yen bite
TOKYO, July 10 : Japan’s wholesale inflation accelerated in June at the fastest pace in more than three years as firms aggressively passed on rising costs from the Middle East conflict, data showed on Friday, bolstering the case for further interest rate hikes.The data came in the wake of a Bank of Japan repo
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Onsemi to sell two chipmaking plants to cut costs
July 7 : Chipmaker Onsemi on Tuesday said it will sell two manufacturing facilities as part of broader push to cut costs and boost profit margins.Shares of the company were down more than 3 per cent in premarket trading. They have gained nearly 75 per cent this year.Here are some details:• Ons
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US firms remain committed to Singapore, but rising costs could affect future investment: AmCham CEO
Dr Lei Hsien-Hsien, CEO of the American Chamber of Commerce in Singapore, tells CNA that artificial intelligence and hiring challenges are also reshaping how companies decide where to invest.
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Apple raises prices of MacBooks, iPads as memory costs skyrocket
SAN FRANCISCO: Apple raised iPad and MacBook prices on Thursday (Jun 25), saying it could no longer shield customers from soaring memory and storage chip costs driven by the AI industry’s data centre buildout.The move does not affect Apple’s main cash cow, the iPhone. But it would take starting price of the N
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