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Yen hovers near 160 level, prompting warnings from Japanese officials
NEW YORK/LONDON, June 3 : Underlying dollar strength pushed the Japanese yen back to the key 160 level on Wednesday, prompting verbal warnings from authorities and keeping traders on alert for intervention, as fresh Gulf hostilities bolstered demand for the U.S. currency.The U.S. said Iran launched ballistic
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Vietnam inflation accelerates in May, trade deficit widens to record high
HANOI, June 3 : Vietnam’s inflation rate accelerated in May and its trade deficit widened from April to a record high, data showed on Wednesday, as the Southeast Asian economy feels the impact of the Iran war.The annual inflation rate came in at 5.6 per cent in May, compared with 5.46 per cent in April,…
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Analysis:US tech stocks’ market dominance reaches new heights and presents new risks
NEW YORK, June 3 : The charge higher in U.S. technology stocks has made broader indexes as reliant as ever on the group – and more vulnerable should those market leaders trip up.With stunning gains over the past two months, the S&P 500 technology sector now accounts for more than 39 per cent of the…
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Analysis:Software stocks bounce back – now comes the hard part
June 3 : Software stocks have rebounded from a punishing selloff as investors are betting that AI may boost the sector rather than leaving it for dead.The iShares Expanded Tech-Software Sector ETF has surged nearly 42 per cent from its April low, turning fears that AI would rip the heart out of the industry i
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Life expectancy of Singapore residents rises to 83.9 years in 2025
Life expectancy at birth for Singapore residents rose by one year over the past decade, according to SingStat data.
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India’s IT stocks head for worst day in 4 months on AI disruption worries; TCS plunges 9%
June 3 : India’s information technology stocks were headed for their worst day in four months on Wednesday as renewed concerns that artificial intelligence could disrupt traditional software services rattled investors.The IT index was down 5.8 per cent at 29,310.25 points. If losses hold, this would be its wo
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