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☆ Singaporeans are used to paying less than $5 for a meal. This 30-year-old chef charges double, and diners keep coming.
▼ + stars: | 2024-10-14 | by ( Erin Liam | ) www.businessinsider.com time to read: +9 min

She went on to open a hawker stall selling prawn noodles, which later expanded into a casual eatery. When Dave Pynt, the chef-owner of Australian-inspired barbecue restaurant Burnt Ends, visited her school for a guest lecture on wood-fire cooking, she was intrigued. Shifting the focus to local cuisineA bowl of prawn noodles costs between SG$14 to SG$20 at Zhup Zhup. A hawker stall seemed like the perfect sandbox to test her ideas without spending a lot on overhead costs. The challenges of running a hawker businessThree years in, the hawker stall had just managed to earn back its capital.

Persons: Gwyneth Ang, Ang, —, she's, Erin Liam, Dave Pynt, hawker, Erin Liam So, pao, Darren Ang, Pynt, Erin Liam Singapore's, Teo Kay Key, Cherry Tan, Shanice Lim, nasi, Lim Organizations: Michelin, Service, Business, Culinary Institute of America, hawker, Department of Statistics, Institute of Policy Studies, National University of Singapore, Singapore Airlines Locations: Singapore, New Bahru, hawker, Macpherson, Pynt

☆ How ‘shoe doping’ changed marathon times forever – in ways we still don’t fully understand
▼ + stars: | 2024-10-12 | by ( Liam Tharme | ) www.nytimes.com time to read: +16 min

This is the story of how the marathon has changed, told by some of the people behind the technological revolution. Marathon running is done individually but succeeds best when athletes work in packs, either with official pacemakers or using each other to share workloads and draft. They put one into a marathon shoe in a 2006 study, got sub-elite athletes to run on treadmills, and found a 1.3 per cent benefit in terms of energy reduction. “We set up at that point (2016), one of the most in-depth and best controlled studies on running shoes. Hoogkamer uses MRI scanners at the University of Massachusetts, which “you can’t really run in.” Some opt for ultrasound devices and others for muscle oxygenation sensors.

Persons: Eliud Kipchoge, Kipchoge, Roger Bannister’s, He’d, Alex Halada, Kelvin Kiptum’s, Paula Radcliffe’s, Tigst Assefa, Peres Jepchirchir, Tim Hutchings, Kenenisa Bekele, Sir Jim Ratcliffe, ”, Maxwell Muttai, Benno Nigg, “, Wouter Hoogkamer, Nike’s, ’, ” Nigg, Hoogkamer isn’t, he’s, it’s, you’re, Marco Tacca, Muttai, They’re, they’re, Nike Vaporfly, Hoogkamer, Liam Tharme, Soh Rui Yong, Molly, “ There’s, Rui Yong, Yong Teck Lim, Soh, “ Asics, Hutchings, —, Mike Marsland Organizations: Breaking2, Getty, London, Research, University of Calgary, Nike, University of Colorado, of Colorado, Athletic, Adidas, University of Massachusetts, New York City Marathon, Sports, Asics, Brands, World Athletics, Formula, Nike Vaporfly Locations: Vienna, Rio de Janeiro, Monza, Nike’s Alphaflys, AFP, Chicago, Berlin, Tokyo, Boston, London, Chicago , New York, supershoes, Paris, Boulder , Colorado, “, Rio

☆ Top Glove Corp: Waiting for a good time to invest in the U.S.
▼ + stars: | 2024-10-11 | 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 EmailTop Glove Corp: Waiting for a good time to invest in the U.S.Lim Cheong Guan, Managing Director at Top Glove Corporation, discusses the impact that U.S. tariffs on Chinese-made gloves will have on their business, as well as a possible expansion into the U.S. markets in the future.

Persons: Lim Cheong Guan Organizations: Glove Corporation Locations: U.S

South Korea's central bank has cut its benchmark interest rate by 25 basis points to 3.25%, the first rate cut from the BOK since the Federal Reserve started tightening its monetary policy in March 2022. This was in line with a poll of economists from Reuters, who forecasted a rate cut. At that time, South Korea's inflation stood at 2.6%, but climbed sharply to hit 6.3% in July 2022, its highest in over 20 years. Oh noted that macro conditions are supportive of a rate cut, with a "favourable" inflationary backdrop. Oh predicts that after the October cut of 25 basis points, three more consecutive cuts will follow on a quarterly basis, eventually bringing the BOK's benchmark interest rate to 2.5%.

Persons: BOK, Morgan Stanley's, Kathleen Oh, We've, Morgan Stanley Organizations: Bank of, Federal Reserve, Reuters Locations: Bank of Korea, Seoul, Korea's, Korea

☆ What we know about 'The Princess Diaries 3' as Chris Pine says he knows nothing about the long-awaited sequel, despite fans wanting him recast
▼ + stars: | 2024-10-11 | by ( Eammon Jacobs | ) www.businessinsider.com time to read: +4 min

Chris Pine, who starred in "The Princess Diaries 2," said he doesn't know anything about the third film. Advertisement"The Princess Diaries 2: Royal Engagement" actor Chris Pine said doesn't know anything about the movie's sequel, "The Princess Diaries 3." "The Princess Diaries" sees Princess Mia Thermopolis (Anne Hathaway) learn that her late father was the prince of a fictional European country, Genovia. Chris Pine doesn't know anything about "The Princess Diaries 3." The sequel doesn't have a release date: it is still in development and filming is yet to start.

Persons: Anne Hathaway, She'll, Queen Mia Thermopolis, Chris Pine, —, Mia Thermopolis, Clarisse Renaldi, Julie Andrews, Hathaway, Angela Weiss, Adele Lim, Thermopolis, Devereaux, doesn't, Viscount Mabrey, John Rhys, Davies, Chris Pine doesn’t, Prince Consort, Amelia Mignonette Thermopolis, of Genovia, sN2MmHh4qd, — ✨ Bailey, Jenna, Pine, Bob Iger, he'd Organizations: Service, Getty, Disney, Pictures, Hoda Locations: Genovia, European

☆ He flies business and first class multiple times a year — all on credit card points
▼ + stars: | 2024-10-10 | by ( Lim Hui Jie | Jan Camenzind Broomby | ) www.cnbc.com time to read: +4 min

A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. A business class ticket jumps to SG$6,300, and a first-class ticket just over SG$13,000. Aaron Wong, who flies first and business class when he travels, says: "You don't need to be rich to enjoy such things." However, it's not as simple as just picking up any mile-earning credit card and spending a bunch of money, he said. For example, in Singapore, points earned on DBS credit cards can be combined, but credit cards from Citibank Singapore don't work that way.

Persons: —, Aaron Wong, Wong, it's, Miles Organizations: Singapore Airlines —, Singapore Airlines, Singapore Changi, Cape Town, DBS, Citibank Singapore don't Locations: Singapore, London, Tokyo Haneda, Perth, Cape

☆ Asia markets rebound after Wall Street rally; central bank decisions in focus: Live updates
▼ + stars: | 2024-10-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

An aerial view shows the Central Bank of India building, in Mumbai, India, 28 September, 2022. (Photo by Niharika Kulkarni/NurPhoto via Getty Images)Asia-Pacific markets rebounded on Wednesday following a broad decline in the previous session and as Wall Street rallied overnight. Investors are focused on policy decisions from the Reserve Bank of New Zealand and the Reserve Bank of India. New Zealand's central bank is expected to slash its policy rate by 50 basis points to 4.75%, while the RBI is expected to hold rates at 6.5%.

Persons: Niharika Kulkarni Organizations: Central Bank of India, Getty Images, Wall Street, Investors, Reserve Bank of New, Reserve Bank of India Locations: Mumbai, India, Asia, Pacific, Reserve Bank of New Zealand, New

☆ Is it time to invest in China? Two pros share their views
▼ + stars: | 2024-10-09 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

As investors consider whether — and how — to invest in China, two experts share their views on the market right now. "We believe the scale and focus of these measures, particularly the targeted liquidity injection, address the critical issue of insufficient domestic capital flows into China's stock market. 'China is no longer cheap' Lorraine Tan, director of Asia's equity research at Morningstar, is more cautious looking ahead. "At this point in time, China markets are no longer cheap. Stocks on her radar include "higher quality, moaty names," such as fast-food restaurant chain Yum China Holdings and property developer China Resources Land .

Persons: Jingwei Chen, —, Europe —, Chen, Lorraine Tan, Tan, Stocks, — CNBC's Lim Hui Jie Organizations: National, Reform Commission, CSI, Wall, Wrise Private Singapore, CNBC Pro, Companies, BYD, Tencent Holdings, Morningstar, China Holdings, China Resources Locations: China, Asia, East, Europe, Hong Kong

☆ New Zealand central bank slashes rates by 50 basis points in second straight rate cut
▼ + stars: | 2024-10-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. New Zealand's central bank has slashed its benchmark interest rate by 50 basis points after its monetary policy meeting, marking a second straight cut to its benchmark interest rate. The cut brings the Reserve Bank of New Zealand's interest rate to 4.75% from 5.25%. The central bank said at the time that the pace of further easing will depend on how confident it is about a low inflation environment. New Zealand's annual inflation rate hit 7.3% in the June quarter 2022, its highest level in over three decades.

Organizations: Reserve Bank of New, Reuters Locations: Reserve Bank of New Zealand, Wellington , New Zealand, New

☆ Asia markets fall as traders digest Japan pay figures; China returns to trade
▼ + stars: | 2024-10-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A customer places a Japanese 10,000 yen banknote on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022. SINGAPORE — Asia-Pacific markets mostly fell on Tuesday, with investors watching August pay and spending data out from Japan and as mainland Chinese markets return to trade. Household spending in Japan fell 1.9% year-on-year in August in real terms, a softer fall compared to the 2.6% decline expected by a Reuters poll of economists. That decline also came before spring wage negotiations delivered the largest pay hikes to unionized Japanese workers in 33 years. However, real wages rose in August, with data from the country's statistics bureau indicating that wages climbed 2% to an average of 574,334 yen ($3,877.44).

Locations: Tokyo, Japan, SINGAPORE — Asia, Pacific

☆ Japan's Nikkei opens up 2% as Asia markets mostly climb ahead of a week of central bank decisions
▼ + stars: | 2024-10-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets mostly climbed on Monday, led by Japan's Nikkei 225 gaining 2% as investors look ahead to a week of central bank decisions from around the region. Three central banks are set to release their interest rate decisions this week, namely the Bank of Korea, the Reserve Bank of New Zealand and the Reserve Bank of India. Economists polled by Reuters expect the BOK and RBNZ to cut rates, while the RBI will hold. The BOK on Friday is expected to lower its benchmark interest rate to 3.25% from 3.5%, while the RBNZ is expected to enact a 50-basis-point cut to 4.75% on Wednesday. Back in August, the RBNZ surprised economists after it lowered its policy rate to 5.25% from 5.5%.

Persons: BOK Organizations: Japan's Nikkei, Bank of, Reserve Bank of New, Reserve Bank of India, Reuters Locations: Seoul . Asia, Pacific, Bank of Korea, Reserve Bank of New Zealand

☆ Anne Hathaway confirms ‘Princess Diaries 3’ on social media: ‘Miracles happen’
▼ + stars: | 2024-10-04 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

CNN —You might be thinking, “Shut up!” but it’s officially true: the “Princess Diaries” franchise is finally growing. The video then cut to a younger Hathaway in the now classic 2001 film “The Princess Diaries,” in which she was seen uttering the iconic line, “A princess?! “Miracles happen,” Hathaway wrote in the caption, before adding “Back to Genovia” in a nod to the fictional kingdom from the film series. Anne Hathaway as Princess Mia in "Princess Diaries." Walt Disney Pictures“The Princess Diaries” tells the tale of Mia Thermopolis, played by Hathaway, an unsuspecting teen who discovers she is the heir apparent to a royal throne.

Persons: Anne Hathaway, Hathaway, Oscar, Julie Andrews, ”, “ Joyride, Adele Lim, ” Hathaway, Princess Mia, Mia Thermopolis, Andrews, Queen Clarice Renaldi, Mia’s, Meryl Streep, Emily Blunt, Stanley Tucci, Miranda Priestly, Emily Charlton, Blunt, Miranda Organizations: CNN, Disney, Walt Disney Pictures Locations: Genovia

☆ Asia-Pacific markets mixed after Powell signals smaller rate cuts; China markets closed for holiday
▼ + stars: | 2024-10-01 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Asia-Pacific markets are mixed on Tuesday, after Federal Reserve Chair Jerome Powell indicated the recent outsized cuts enacted by the U.S. central bank should not be interpreted as a sign that future moves will be as aggressive. "If the economy performs as expected, that would mean two more rate cuts this year, a total of 50 [basis points] more." The current federal funds rate stands at 4.75%-5%, with the expected additional 50 basis points in cuts set to take the Fed's benchmark interest rate to 4.25%-4.5% at the end of 2024. In Asia, traders will focus on the Bank of Japan's third quarter Tankan survey, which measures the level of business optimism among large Japanese companies. As such, the member said, "the Bank will not raise its policy interest rate when financial and capital markets are unstable."

Persons: Jerome Powell, Morgan Stanley, Ellen Zentner Organizations: Federal, U.S, Bank of, U.S . Federal Reserve, Liberal Democratic Party, Bank, Reuters Locations: Asia, Pacific, Japan

☆ Here’s why Japan’s stocks are plunging after Shigeru Ishiba’s win
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Japan's August retail sales climbed 2.8% year on year, beating Reuters poll estimates of a 2.3% rise, and up from a revised 2.7% rise in July. Ishida had beaten Economic Security Minister Sanae Takaichi in the final round of the Liberal Democratic Party election on Friday, sending the yen into a volatile session. A higher interest rate typically strengthens the yen and puts pressure on Japanese stock markets, which are heavily weighted by exporters. Chinese rally puts pressureThe Nikkei's decline on Monday also comes at a time when China's markets have been surging. Stock Chart Icon Stock chart icon

Persons: Shigeru Ishiba, Ishida, Sanae Takaichi, Ryota Abe, Takaichi, Ishiba, Abe, Steven Glass, CNBC's Organizations: Economic, Liberal Democratic Party, Bank of Japan, Sumitomo Mitsui Banking Corporation, CNBC, Bank of, Pella Funds Management, CSI Locations: Tokyo, Japan, Pella, Hong

☆ Japan's Nikkei falls over 4%, Australia stocks hit fresh all-time high as investors await China data
▼ + stars: | 2024-09-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A cycler passes the entrance to the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024. Richard A. Brooks | Afp | Getty ImagesJapan's Nikkei 225 tumbled over 4% Monday, while Australia stocks hit a fresh high ahead of key economic data from China. Stock Chart Icon Stock chart iconSeparately, China will release its official purchasing managers' index numbers for September, with economists polled by Reuters expecting the manufacturing PMI to come in at 49.5, a softer contraction compared to August's 49.1. The Caixin PMI survey, which is a private survey compiled by S&P Global, will also be released Monday. Australia's S&P/ASX 200 climbed 0.62%, breaching its all-time high of 8,246.2.

Persons: Richard A, Brooks, Topix, Australia's, Korea's Kospi Organizations: Tokyo Stock Exchange, Afp, Getty, Reuters, PMI, P Global Locations: Nihonbashi, Tokyo, Australia, China, Japan

Following a summer of star-studded events in Cannes, Venice and Toronto, the 62nd annual New York Film Festival opens at Lincoln Center on Friday for 17 days of lit-up silver screens and sparkling red carpets. “For these positions, we tend to look for films that are among the most anticipated of the year,” he said. A24“There are many ways to think about queerness, and there are many ways to account for it in a program. “What’s been interesting for me is to think of, in what ways can a film be queer? “Films do not come from nowhere; they’re made by people who live in the same world as us,” he said.

Persons: Pedro Almodóvar’s, Tilda Swinton, Julianne Moore, Luca Guadagnino’s “, ”, Daniel Craig, Drew Starkey, ” Dennis Lim, NYFF, ” Daniel Craig, Lim, ’, “, Moore, Craig, Guadagnino, he’s, ” Lim, Sigrid Nunez’s, Pedro, William S, Burroughs, ” Selena Gomez, Emilia Pérez, Shanna Besson, who’s, Jacques Audiard, Alain Guiraudie, Guiraudie’s, Karla Sofía Gascón, Zoe Saldaña, Selena Gomez, Adriana Paz, Truong Minh, R.J, Cutler, David, “ Elton John, Yashaddai Owens, James Baldwin, “ Jimmy, Jackie ”, “ Spencer, Pablo Larraín, “ Maria, Angelina Jolie, Maria Callas, Nam, they’re Organizations: New York Film, Lincoln Center, NBC, Swinton, ”, Epifanía, “ Locations: Cannes, Venice, Toronto, Italian, NYFF, Mexico, “, Chilean, ”

☆ China stocks see best week since 2008 on stimulus impact as most Asia markets rise
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.nbcnews.com time to read: +4 min

Chinese markets clocked their best week in almost 16 years as the mainland’s CSI 300 rallied 15.7% this week, buoyed by several economic stimulus measures by the central bank. The last time the index saw a bigger weekly gain was the week ending Nov. 14, 2008. Hong Kong’s Hang Seng index recorded a weekly gain of 12.75%, making it the index’s best week since February 1998, according to FactSet data. Tokyo’s headline inflation rate eased to 2.2%, down from August’s 2.6%. A slate of fresh U.S. economic data also supported the market’s gains, with weekly jobless claims falling more than expected, pointing to a steady labor market.

Persons: Hong, PBOC, Shigeru Ishiba, Sanae Takaichi, Korea’s Kospi, Australia’s, ’ Organizations: CSI, People’s Bank of China, Google, Shanghai Stock Exchange, Reuters, Japan’s Nikkei, of Japan, U.S ., Micron Technology, Nasdaq, Dow Jones Industrial Locations: China, Shanghai, Asia, Pacific, Tokyo, August’s, U.S

☆ Asia-Pacific markets mostly gain as China stimulus measures come into effect; Hong Kong set to rise 3%
▼ + stars: | 2024-09-27 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Crimson clouds light up the skyline of Victoria Harbour on July 14, 2022 in Hong Kong, China. Asia-Pacific markets mostly rose Friday, with Chinese stocks likely set to cap off a week of gains on the back of Beijing's stimulus measures aimed at boosting the economy. The bank added that the weighted average deposit reserve ratio of financial institutions will be about 6.6% after this reduction. Tokyo's headline inflation rate eased to 2.2%, down from August's 2.6%. The core inflation rate — which strips out prices of fresh food — in the capital city came in at 2%, in line with expectations from economists polled by Reuters and down from 2.4% in August.

Organizations: People's Bank of China, Reuters Locations: Victoria Harbour, Hong Kong, China, Asia, Pacific, Tokyo, August's

☆ Australia's inflation rate has come within its target range, but rate cuts likely won't come anytime soon
▼ + stars: | 2024-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Australia's inflation rate has come within the RBA's target range in the month of August, easing from 3.5% in July to 2.7%., according to a Wednesday release from the country's Bureau of Statistics. The drop puts the rate below the Reserve Bank of Australia's target range of 2%-3% for the first time since August 2021. He said that while the relief programs will bring headline inflation to the top of the RBA's target range, the RBA will be "looking through" these subsidies and focusing on core inflation. He writes, "the path of core inflation back to the target range has stalled somewhat, and it is hard to see a major improvement in the near term. We think the bank will need to see three more inflation prints before they are comfortable embarking on an easing cycle."

Persons: Australia's, Michelle Bullock, Bullock, Sean Langcake, Langcake Organizations: Statistics, Reserve Bank, U.S . Federal Reserve, Fed, ., Australia's Locations: SYDNEY, AUSTRALIA, Sydney, Australia, country's, Oxford

☆ Markets across Asia rebound; Chinese markets set to extend gains
▼ + stars: | 2024-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Red flags fly at Tiananmen Square in Beijing, China, on Wednesday, July 10, 2024. Asia-Pacific markets rose on Thursday, with markets in the region rebounding and Chinese markets poised to extend gains. Mainland China's CSI 300 has notched a five-day winning streak, hitting its highest levels in almost two months after Beijing rolled out a slate of economic stimulus measures on Tuesday. Meanwhile, Hong Kong's Hang Seng index is set for a third straight day of gains, according to futures data.

Persons: Hong Organizations: China's CSI Locations: Beijing, China, Asia, Pacific

☆ Bank of Japan board members split over monetary policy path, meeting minutes show
▼ + stars: | 2024-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Bank of Japan board members are split over the future path of interest rates, minutes of the central bank's monetary policy meeting in July showed. The board also pointed out that import prices had turned positive again, and upside risks to prices required attention. Some board members pointed out that "it was appropriate for the Bank to make moderate adjustments" given such risks. Another member pointed out that medium-to long-term inflation expectations were not anchored at 2%, and prices remained vulnerable to downside risks. As such, the BOJ should avoid a situation where the market expectations for future rate hikes "increase excessively."

Organizations: Bank of, Bank of Japan, Bank Locations: Bank of Japan, Tokyo

☆ Asia-Pacific markets open higher; Hong Kong's Hang Seng poised to rise 4%
▼ + stars: | 2024-09-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A General view showing the Hong Kong Skyline in Hong Kong, Saturday, May 22, 2021. (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets open higher on Wednesday, while futures for Hong Kong's Hang Seng Index suggested a 4% rise for the index when trading starts. HSI futures were at 19,763, compared to the index's last close of 19,000. Chinese markets rallied yesterday after the country's central bank announced a slate of economic support measures, with the HSI seeing its best day in seven months, while mainland China's CSI 300 recorded its largest one-day gain in over four years. Investors will be watching Australia's inflation numbers on Wednesday, with the consumer price index expected to post a 2.7% rise year on year, according to economists polled by Reuters.

Persons: Vernon Yuen Organizations: Hong Kong Skyline, Getty Images, CSI, Reuters Locations: Hong Kong, Asia, Pacific

☆ Asia-Pacific markets climb with China's central bank in focus; S&P and Dow set fresh records
▼ + stars: | 2024-09-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets climbed on Tuesday, tracking gains on Wall Street after the S&P 500 and Dow Jones Industrial Average touched new closing highs in Monday's trading session. The broad market index added 0.28% to end at 5,718.57, while the Dow Jones Industrial Average gained 61.29 points, or 0.15%, to close at 42,124.65. The briefing is set to begin before Chinese markets open at 9:30 a.m. Currently, futures for the mainland Chinese CSI 300 are at 3,205.6, slightly lower than its last close of 3,212.76. As such, CBA expects a slightly less hawkish statement, but does not see a material shift in language or tone.

Persons: Pan Gongsheng Organizations: Dow Jones, Dow Jones Industrial, Traders, People's Bank of China, PBOC, CSI, Reuters, Commonwealth Bank of Australia, CBA Locations: Asia, Pacific, Australia's

☆ Pro-Russian hackers reportedly crashed Taiwan Stock Exchange website on Thursday, local media reports
▼ + stars: | 2024-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

A man walks past a monitor showing the stocks curves outside the Taiwan Stock Exchange in Taipei on May 12, 2021. While the exchange did not specify the cause of the attack or the perpetrator of the attack, local media reported this was part of a distributed denial of service, or DDoS, attack on the Taiwanese government by a pro-Russian hacker group. The exchange added that the securities market and related businesses are "operating normally without any impact." China views Taiwan as part of its territory and has not renounced the use of force against the island. [The land in] the Treaty of Aigun, you [China] could have asked for it back, but you didn't."

Persons: Radware, William Lai, Lai, — China's Organizations: Taiwan Stock Exchange, Taipei Times, of Peking Locations: Taipei, Russian, Taiwan, Pacific, China, Russia, Aigun, Manchuria, Japan, Shimonoseki, Republic of China

☆ Federal Reserve will opt for slow policy easing as there's 'still work to do' on inflation, Fitch says
▼ + stars: | 2024-09-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

"One reason we expect Fed easing to proceed at a relatively gentle pace is that there is still work to do on inflation," the report said. On a month-on-month basis, inflation rose 0.2% from July. Core CPI, which excludes volatile food and energy prices, rose 0.3% for the month, slightly higher than the 0.2% estimate. The 12-month core inflation rate held at 3.2%, in line with the forecast. It took far longer than anticipated to tame inflation and gaps have been revealed in central banks' understanding of what drives inflation."

Persons: Fitch, Dow Jones Organizations: U.S, Fitch, Labor Department, CPI, Fed Locations: Federal

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