DIRS.INFO The most relevant business & tech news

☆ Amazon is opening cloud regions in Southeast Asia to meet customer demand, CTO says
▼ + stars: | 2024-04-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Amazon is opening cloud regions in Southeast Asia because customers want their data stored securely in their own countries, Amazon Chief Technology Officer Werner Vogels said in an exclusive interview. They really wanted something local such that they can meet, for example, local data storage requirements, or protection of personal identifiable information," Vogels told CNBC's JP Ong. An AWS region is a physical location where data centers are clustered. Within each AWS region are a minimum of three separate availability zones. "And for them, it's important to have these kinds of technologies on the ground, in [the] country to make sure that they can serve their customers best or their citizens best," said Vogels.

Persons: Werner Vogels, Vogels, CNBC's JP Ong Organizations: Amazon Chief, Amazon Web Services Locations: Southeast Asia

☆ The Dark Reality of Being a Princess in the British Royal Family
▼ + stars: | 2024-04-13 | by ( Samantha Grindell | Anneta Konstantinides | ) www.businessinsider.com time to read: +13 min

To millions, it appeared to be the reality for Princess Diana, Kate Middleton, and Meghan Markle. By making the fairy tale feel real, the royal family appears far more accessible — and the British tabloids are more than happy to help. David Levenson/Getty ImagesMeghan and Harry's royal tour of Australia 35 years later stirred up those same bitter feelings among the royal family, the prince recalled in "Harry & Meghan." Princess Diana. More often than not, the princesses marrying into the royal family earn the public's loyalty and love, not those born into the monarchy.

Persons: Princess Diana, Kate Middleton, Meghan Markle, Diana, Kate, Meghan —, —, Prince Charles, Tim Graham, Prince William, Chris Jackson, Harry, Karwai Tang, Kristen Meinzer, Kate —, William —, Meghan, Prince Harry, she's, Charles, William, Sir John Major, Maria Tatar, They're, it's, hasn't, Prince George, ANDREW COWIE, Omid Scobie, Pippa Middleton, Niki Nikolova, Meghan's upbringings, Pippa, Meinzer, Tatar, Duchess of Sussex, Duke of Sussex, Duke, Duchess, Sussex, Camilla, Catherine, William's, Kate wasn't, Martin Bashir, Diana Princess of Wales, Benny Ong, David Levenson, Getty, I've, Oprah Winfrey, Joe Pugliese, Harpo, Snow White, Edwin Hayward, Andrew Morton, Robert Hardman, Tim Graham Photo, Piers Morgan, Morgan, Max Mumby, they'd, It's Organizations: Getty, British, Mail, Kanye, Netflix, UNITED, Joff, BBC, Royal Tour of Australia, Tim Graham Photo Library, BBC Studios Locations: British, UNITED KINGDOM, Peacehaven , Sussex, Peacehaven, United Kingdom, Windsor, The, Australia, Alice Springs

☆ Leaving the army to go corporate is a tough road to take. We asked 3 veterans how they survived and thrived.
▼ + stars: | 2024-04-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +8 min

The decision, Tan told BI, came to him after his aunt died. Tan told BI that he left the SAF without any job offers and had to rely on his savings while job hunting. But contextualizing the skills they'd picked up in the military and maintaining their resilience, the veterans told BI, was their key to success. I got to interact with new soldiers and helped to make their training more interesting," Tan told BI. Tan told BI that he spent six months taking courses before he landed his first full-time role in the private sector.

Persons: —, Tan, who'd, Tan wasn't, they'd, Jiahui Ong, Ong, Kwong Weng Yap, Yap, Jianhui Tan, Euromonitor, you'll, Adrian Choo, Choo Organizations: Service, Singapore Armed Forces, SAF, BI, Business, DBS Bank, DBS, Navy Locations: Australia

☆ Asia is entering a deepfake era in an election year — can it handle misinformation campaigns?
▼ + stars: | 2024-03-14 | by ( Chelsea Ong | ) www.cnbc.com time to read: +7 min

The AI-generated deepfake video that cloned his face and voice racked up 4.7 million views on X alone. In Pakistan, a deepfake of former prime minister Imran Khan emerged around the national elections, announcing his party was boycotting them. Deepfakes of politicians are becoming increasingly common, especially with 2024 set up to be the biggest global election year in history. With tech companies adopting different measures across their platforms, a multi-prong approach is needed, she said. watch now"We should not just be relying on the good intentions of these companies," Chesterman added.

Persons: Suharto, Imran Khan, Joe Biden's, deepfakes, Simon Chesterman, Crowdstrike, — that's, Carol, Chesterman, Taylor Swift, Adam Meyers, X, OpenAI, “, I’m, we’re, Sam Altman Organizations: Istock, , New Hampshire voters, Singapore, Institute of Policy Studies, Microsoft, Meta, Google, IBM, Tech, Adobe, Intel Locations: deepfakes, Pakistan, U.S, , New Hampshire, Asia, China, Russia, Iran, Singapore, CrowdStrike, they're

☆ 2024 is the year of the rate cut pivot — here's when the world's central banks will budge
▼ + stars: | 2024-03-13 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +6 min

EIU also expects the Bank of Japan will exit its negative interest rate policy in the second quarter. Markets currently expect the Fed to start with a 25-basis-point rate cut in June. Euro zoneThe European Central Bank last week also held its policy rate at a record high of 4%, signaling that it won't cut rates before June. JPMorgan said in a research note that the Turkish central bank may cut its policy rate in November and December, keeping its year-end policy rate forecast of 45%. IndonesiaIndonesia's central bank kept its benchmark policy rate at 6% in its recent meeting.

Persons: EIU, Jerome Powell, LSEG, Nomura, Perry Warjiyo, CNBC's JP Ong, BOK, Goldman Sachs, Goohoon Kwon, Kwon Organizations: Getty, Economist Intelligence Unit, Bank of Japan, United, United States U.S, Federal, Fed, European Central Bank, ECB, Swiss National Bank, UBS, Bank of Canada, Bank of, JPMorgan, Reserve Bank of, ANZ, New Zealand Auckland Savings Bank, Bank, Bank Indonesia, BMI, Fitch Solutions, U.S, Oxford Economics, Macquarie Locations: Czech, China, Japan, United States, Switzerland Swiss, Bank of Canada, Turkey, Turkish, Reserve Bank of Australia, New, Indonesia, South Korea, Asia

☆ Who’s Too ‘Sweaty’ for an Oscar?
▼ + stars: | 2024-03-08 | by ( Brooks Barnes | ) www.nytimes.com time to read: 1 min

An Oscar nomination for acting acknowledges an exceptional performance in front of a movie camera. Looking “sweaty” is not a great look. The term, used lately by Hollywood’s cattier contingent, comes from gaming culture, where it describes players who compete with such intensity that their controller becomes slick with sweat. “Sweaty is a cousin of thirsty, but thirsty is less pejorative,” she continued. “Sweaty is associated with anxiousness — you seem more desperate.”

Persons: Hollywood’s, ”, Linda Ong

☆ Asia's tech industry is recovering on chip boom amid global economic uncertainty, JPMorgan says
▼ + stars: | 2024-03-06 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

SINGAPORE – Asia-Pacific's tech sector has been growing on the back of the semiconductor boom even as other industries struggle amid global macro uncertainty, according to investment bank JPMorgan. "Tech has been recovering, that's why Asia has done reasonably well in the second half of last year. China industry benefited, North Asia obviously benefited more from it," Bruce Kasman, chief economist at JPMorgan said in a media briefing on Tuesday. Global tech spending weakened in 2023 while layoffs rose, said Deloitte in a report on tech industry's 2024 outlook. The recovery in tech is significant as other industries are still struggling.

Persons: Bruce Kasman, Deloitte, Ong Sin Beng Organizations: JPMorgan, Tech, Global, Deloitte, Nvidia Locations: SINGAPORE – Asia, that's, Asia, China, North Asia, U.S

☆ Eras Tour: Singapore defends Taylor Swift’s exclusive Southeast Asia stop after neighbors cry foul
▼ + stars: | 2024-03-05 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +5 min

CNN —Singapore is drawing fans from all over Southeast Asia and beyond to Taylor Swift’s Eras Tour, much to the annoyance of the city-state’s regional neighbors. “[Our] agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in Southeast Asia,” Lee said at a press conference in Melbourne while on a state visit to Australia. I don’t see that as being unfriendly.”“If we had not made such an arrangement, would she have come to more places in Southeast Asia? Southeast Asia fans dig deep to see SwiftThe Eras Tour is a multi-continent extravaganza that surged to become the highest-grossing tour of all time – and Swift is making Singapore a lot of money. I never really spent big like six-digit (Philippine peso) amounts for someone else, just Taylor Swift,” Suizo said.

Persons: Taylor, Swift, Joey Salceda, Lee Hsien Loong, “, ” Lee, Edward Tong, ”, Srettha Thavisin, Taylor Swift, hasn’t, Edmund Ong, Yun Liu, Errol De Asis, Gilliane, Christel Kaye Kuan, Yedda Mendoza, ” Suizo, it’s, Granada, That’s Organizations: CNN, Southeast, Singapore –, ”, Singapore, Coldplay, World Bank Locations: Singapore, Southeast Asia, Melbourne, Australia, Bangkok, Thailand, Philippines, Asia, Maybank, ASEAN, Gilliane Granada, China, Granada

☆ When a Job Becomes a Literal Hell
▼ + stars: | 2024-02-23 | by ( Beatrice Loayza | ) www.nytimes.com time to read: +2 min

The women had suffered lithium poisoning while working at battery factories and began to break into fits of destructive rage during their shifts. In Lin’s retelling, the workers are resurrected as demons, seething with chaotic desire. The restaurant kitchen in FX’s series “The Bear,” which premiered in 2022, is a ticking time bomb of screaming, stove fires and oil burns. (“The Bear,” for all its frenetic pacing, dips into full-blown surrealism only during interludes showing lead chef Carm’s dreams.) These stories portray workers who are not simply anxious and exhausted but violently combusting.

Persons: Candice Lin’s, Lin, Aihwa, Dolly Parton, Jane Fonda, Lily Tomlin, Éric Gravel’s, Carm’s Locations: New York, Malaysian, Malaysia, French Canadian, Paris

☆ How New Technology Changed Mahjong
▼ + stars: | 2024-02-10 | by ( Marilyn Ong | ) www.nytimes.com time to read: +1 min

In other words, the shuffling is where the action happens: the boisterous fun, the communal spirit, the all-important gossip. Not so for Jennifer Brown, whose post about her mom’s auto table has now garnered nearly 20 million views. Ms. Brown credits the table with inspiring her and her sisters to finally learn the Filipino style of mahjong her mother plays. “Before, when my mom would play it and mix the tiles by hand, it just didn’t seem as interesting,” she said. “But adding a table that shuffled for you and rolled the dice for you made it exciting to us.”

Persons: Joy, ”, Jennifer Brown, Brown Organizations: Joy Luck, Rich Locations: TikTok

☆ The Super Bowl and the Taylor Swift ‘Girlfriend Effect’
▼ + stars: | 2024-02-08 | by ( Benjamin Mullin | ) www.nytimes.com time to read: 1 min

The girlfriend effect is the improvement a person (or, in this case, a brand) gets by associating with a magnetic partner. The term, which has been applied to Kelce, gained popularity on TikTok last year, said Linda Ong, chief executive of Cultique, a cultural analysis firm. has faced crises in recent years that hurt its reputation among younger viewers, particularly women, Ong said. Domestic violence by players, the lack of diversity among head coaches, and players’ chronic health problems from concussions have tainted the league’s brand.

Persons: Linda Ong, Ong

☆ Asset management firm explains what's behind listing of Singapore's first AI-powered ETF
▼ + stars: | 2024-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsset management firm explains what's behind listing of Singapore's first AI-powered ETFAi Ling Ong of Lion Global Investors says the Lion-Nomura Japan Active ETF is the "first active ETF, also the first AI-powered ETF in Singapore, and also the only Japan-focused ETF listed in Singapore."

Persons: Ling Ong Organizations: Lion Global Investors, Nomura Japan Locations: Singapore, Japan

☆ I left the military for the private sector. My time in uniform was one of the best experiences I've ever had.
▼ + stars: | 2024-01-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Ong, 26, served for five years before she left for the private sector. AdvertisementThis as-told-to essay is based on a conversation with Jia Hui Ong, who left the military to join the private sector. Joining the private sectorMy journey into the private sector wasn't a smooth ride. After transitioning to the private sector, I also had to find a new sense of purpose in my work. But spending time in the private sector has helped me redefine my interests and strengths.

Persons: Jia Hui Ong, Ong, —, jerry Organizations: Singapore Armed Forces, Service, SAF, ST Engineering, DBS Bank Locations: Singapore

☆ Singapore transport minister resigns after being charged with corruption in a first for the city state
▼ + stars: | 2024-01-18 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

CNN —Singapore’s Transport Minister S. Iswaran has resigned after being charged with corruption on Thursday, the prime minister’s office said, confirming a historic development for a city state that prides itself on having a squeaky-clean government. The charges against Iswaran are part of the biggest corruption probe to engulf Singapore’s ruling People’s Action Party (PAP) in decades. Singapore’s anti-graft agency, the Corrupt Practices Investigation Bureau (CPIB), which reports directly to Prime Minister Lee Hsien Loong, has been leading investigations into Iswaran’s case. Lee is the eldest son of Lee Kuan Yew, Singapore’s first prime minister and founding father. The corruption probe into Ong and Iswaran comes at a sensitive time for Lee as he plans to step aside after nearly 20 years leading the country.

Persons: Iswaran, Tan Kiat Pheng, Ong Beng Seng, Ong, Lee Hsien Loong, Lee, ” Lee, Lee Kuan Yew, Singapore’s, ” Eugene Tan, ” Organizations: CNN, Singapore’s, Iswaran, Action Party, Singapore, Prix, Practices, Party, Government, Ong, Singapore Management University Locations: Singapore

☆ Climate change has forced millions to flee their homes — and Asia is 'not prepared'
▼ + stars: | 2024-01-04 | by ( Chelsea Ong | ) www.cnbc.com time to read: +8 min

Fida Hussain | Afp | Getty ImagesAs the number of climate disasters increase, more people are being forced to flee their homes, especially in Asia. South Asia most at riskIn the region, South Asia is likely to have the most people displaced by climate change due to the density of its populations and its vulnerability to the effects of climate change, he added. According to the World Economic Forum, 10% to 18% of South Asia's GDP is at risk due to climate disasters. Some have nothing to return to, Oberoi explained, as climate change may have hurt their crop production at home. While we are talking and discussing and quibbling, the millions of climate migrants are the forgotten casualties of climate change.

Persons: Fida Hussain, Vinod Thomas, Thomas, Vinod Thomas ISEAS, Yusof Ishak, Tamara Wood, Pia Oberoi, Oberoi, Wood Organizations: Afp, Getty, ISEAS, Yusof, Institute, Economic, Kaldor, International Refugee, CNBC, OECD Locations: Pakistan, Asia, Philippines, China, South Asia, Bangladesh, Afghanistan, South, America, Europe, Australia, Tuvalu, Southeast Asia, UNHCR

☆ Social isolation linked to early death risk, study finds
▼ + stars: | 2023-11-09 | by ( Kristen Rogers | ) edition.cnn.com time to read: +6 min

Those who don’t socialize with friends or family may see their risk of dying early increase by 39%. Many previous studies have linked loneliness or social isolation with a higher risk of premature death and other health outcomes. But few, if any, have looked into how these associations depend on the combined impact of different types of social interaction, according to a new study published Thursday in the journal BMC Medicine. Participants’ social isolation was gauged by how often they were visited by friends or family, how often they engaged in weekly group activities, and whether they lived alone. It’s also possible that any of these factors could lead to loneliness or social isolation rather than result from them, according to the study.

Persons: “, ”, Hamish Foster, weren’t, Anthony Ong, —, It’s, Foster, Jason Gill, Olivia Remes, wasn’t, Gill Organizations: CNN, BMC Medicine, School of Health, University of Glasgow, Cornell University, University of Cambridge, Social, Networks Locations: Scotland, United Kingdom, New York, England

☆ The majority of the world's most family-friendly airlines are in one continent
▼ + stars: | 2023-11-02 | by ( Chelsea Ong | Harriet Akinyi | ) www.cnbc.com time to read: +2 min

Japan Airlines is the most family-friendly airline, according to a new ranking. Airlines from Asia dominated a new family-friendly airlines list compiled by travel website The Family Vacation Guide. The ranking was based on eight factors — including seat comfort, free seat selection and pre-boarding for families — for a total of 18 possible points. Yet lap fees are common: all airlines charged them but for Hawaiian Airlines and Lufthansa. Asia — big on familyPraowpan Tansitpong, an assistant professor at Nida Business School, attributed the dominance of Asian airlines on the family-friendly list to a difference in business priorities.

Persons: Tansitpong Organizations: Japan Airlines, Airlines, China's Hainan Airlines, Singapore Airlines, Qantas, China Southern Airlines, Lufthansa, Hawaiian Airlines, Nida Business School Locations: Japan, Asia, Western

☆ Southeast Asia's digital economy – from e-commerce to online media – is set to hit $218 billion in 2023, report shows
▼ + stars: | 2023-11-01 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

The yearly report analyzed the five main sectors of Southeast Asia's digital economy – e-commerce, travel, food and transport, online media and digital financial services. The report also revealed revenue in Southeast Asia's digital economy is expected to hit $100 billion this year, growing 1.7 times as fast as the region's total transaction value. "Southeast Asia's digital economy is really in the midst of an unprecedented pivot towards profitability. Despite investors being pickier, "dry powder" increased to $15.7 billion at the end of 2022, up from $12.4 billion in 2021. "This shows that there is fuel available to propel Southeast Asia's digital economy to the next stage of growth," the report said.

Persons: Carlina, Hoong, Chadha, Fock, CNBC's JP Ong Organizations: Google, Temasek, Bain & Company, Companies Locations: Asia, Southeast, Southeast Asia, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, Myanmar, East Timor, Papua New Guinea

☆ Ctrl Alt, founded by an ex-Morgan Stanley trader, offers alternative asset investment tools. Check out the 10-slide pitch deck it used to raise $2.7 million.
▼ + stars: | 2023-10-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Ctrl Alt, a fintech startup that offers infrastructure to invest in alternative assets, has raised $2.7 million in a seed round. For fintech startups that offer wealth management and investment products, alternatives could provide new opportunities to make revenues from wider yield spreads, Ong said. "The market is tough for fundraising and that has an impact on you as a founder," Ong added. The fresh capital will go towards building out Ctrl Alt's tech team and expanding its relationships with prospective customers. Check out Ctrl Alt's 10-slide seed funding deck below:

Persons: Morgan Stanley, Matt Ong, it's, Ong Organizations: Forward Partners, Middlegame Ventures, Enterprise Ireland, Algorand Ventures, Syndicate Locations: London, fintech

☆ Instant View: World's biggest bond markets hit by wave of selling, then bounce
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +4 min

Jordanian Dinar, Yuan, Dollar, Canadian Dollar, Pound and Riyals banknotes are seen in this picture illustration taken June 13, 2017. JP Morgan analyst Sin Beng Ong in a note on the pressure it was putting on emerging Asia markets. RICHARD MCGUIRE, HEAD OF RATES STRATEGY, RABOBANK, LONDON:“The markets reflect effectively flying blind because the models don't work, everybody's been calling for a recession that just simply refuses to arrive. "Our view is that the U.S. economy slows into next year... so from that perspective, at some point, we expect it (bond market selloff) to normalise." (Compiled by the Global Finance & Markets Breaking News team)Our Standards: The Thomson Reuters Trust Principles.

Persons: Yuan, Dado Ruvic, BENG ONG, JP Morgan, Sin Beng Ong, RICHARD MCGUIRE, everybody's, you've, VIKRAM AGGARWAL, ” JUAN VALENZUELA, ARTEMIS, ”, ” NICK NELSON Organizations: REUTERS, OF, JPMORGAN, RABOBANK, LONDON, Federal Reserve, Global Finance, Markets, Thomson Locations: Treasuries, ASIA, SINGAPORE, Asia, U.S

☆ Australian man who faked his own kidnapping to meet mistress ordered to pay police
▼ + stars: | 2023-09-28 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

CNN —An Australian man who faked his own kidnapping to spend time with his mistress on New Year’s Eve has been ordered to pay back the cost of the police operation to find him. Paul Iera appeared at Wollongong Local Court in New South Wales on Tuesday and was told he’d have to pay the state government around $10,000 for 200 hours worth of police work after his partner reported him missing. The 35-year-old tradesman went to meet his mistress on December 31, but lied to his partner about meeting with his “financial guy,” CNN affiliate 9 News reported. Iera’s worried partner reported the matter to the police minutes before midnight, prompting officers to investigate, 9 news reported. Iera’s lawyer Abbas Soukie issued a statement on his behalf, saying that his client was “pleased to have avoided” a jail sentence.

Persons: Paul Iera, he’d, Paul, Iera’s, Iera, Michael Ong, Ong, Abbas Soukie, Mr Iera, “ Mr Iera, ” Organizations: CNN, Wollongong Local Locations: Australian, Wollongong, New South Wales

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The BOJ held interest rates at -0.1% on Friday and reiterated its pledge to keep supporting the economy until it's confident inflation will stay at the 2% target. "We have yet to foresee inflation stably and sustainably achieve our price target," BOJ Governor Kazuo Ueda said in a press conference. The yen dropped as low as 148.42 to the dollar, nearing the 150-mark at which analysts have said government intervention to prop up the currency is likely. It was on track to eke out a weekly increase of around 0.2%, its 10th rise in as many weeks.

Persons: Florence Lo, Kazuo Ueda, we've, Alvin Tan, Shunichi Suzuki, RBC's Tan, Treasuries, Ray Sharma, Ong, Sterling, BoE, Harry Robertson, Rae Wee, Christopher Cushing, Sonali Paul, Christina Fincher Organizations: U.S, REUTERS, Bank of Japan, Federal Reserve, Asia FX, RBC Capital Markets, Japan's Finance, Ministry, Finance, Bank of England, Thomson Locations: SINGAPORE, France, Asia, Tokyo, London, Singapore

☆ Yen falls after BOJ stands pat on easy policy; dollar elevated
▼ + stars: | 2023-09-22 | by ( Rae Wee | ) www.reuters.com time to read: +4 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The yen last bought 148.09 per U.S. dollar. Sterling similarly eked out a 0.3% gain against the Japanese currency to trade at 181.80 yen. "I guess people were expecting the BOJ to leave policy unchanged but perhaps tweak the wording a bit to remove the accommodative stance." The New Zealand dollar edged 0.08% higher to $0.5936 and was eyeing a weekly gain of more than 0.5%.

Persons: Florence Lo, Kazuo Ueda, Sterling, Siong Sim, Shunichi Suzuki, Ray Sharma, Ong, BoE, Daniela Hathorn, Rae Wee, Christopher Cushing Organizations: U.S, REUTERS, Rights, Bank of Japan, Bank of Singapore, Treasury, Federal Reserve, Japan's Finance, New Zealand, Fed, Bank of England, Capital.com, Thomson Locations: Rights SINGAPORE

☆ Yen under pressure as U.S. Treasury yields push over-decade peaks
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: +3 min

A bundle of Japanese 10,000 yen banknotes on a tray arranged at a branch of Resona Bank Ltd. in Tokyo, Japan. The yen was held at the mercy of soaring U.S. Treasury yields on Friday ahead of a closely watched rate decision by the Bank of Japan, or BOJ, while the dollar stood near a six-month peak on the prospect of higher-for-longer U.S. rates. The Japanese currency was last marginally lower at 147.6 in early Asia trade, languishing near the previous session's more than 10-month low of 148.465. The yen was also kept under pressure as a result of elevated U.S. Treasury yields, which scaled multi-year highs in the previous session as markets reeled from a hawkish pause by the Federal Reserve on Wednesday. The U.S. dollar likewise rode Treasury yields higher and against a basket of currencies, the greenback touched a more than six-month high of 105.74 in the previous session.

Persons: Daniel Hurley, Rowe Price, Ray Sharma, Ong, Sterling, BoE, Daniela Hathorn Organizations: Resona Bank, Treasury, Bank of Japan, Federal Reserve, U.S, New Zealand, Fed, Bank of England Locations: Tokyo, Japan, Asia

☆ Indonesian official discusses plan to ban social media transactions
▼ + stars: | 2023-09-18 | by ( Jp Ong | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not banning social media sites, just trying to regulate them: Indonesia vice minister of tradeJerry Sambuaga, Indonesia's vice minister of trade, discusses Indonesia's plan to ban goods transactions on social media.

Persons: Jerry Sambuaga Locations: Indonesia

Search resuls for: "ong"

25 mentions found