• Oct 09, 2024

Singapore seen keeping monetary policy unchanged as inflation risks linger

Singapore's central bank is widely expected to keep monetary policy unchanged next week and hold off easing settings amid inflation and growth uncertainties caused by geopolitical tensions. Of the 10 analysts polled by Reuters, nine expect the Monetary Authority of Singapore (MAS) to hold off making changes to its policy at the scheduled review next Monday. "Oil prices have climbed from recent geopolitical tensions in the Middle East, while extreme weather conditions are still holding sway over food prices, which remain above pre-pandemic levels," said Moody’s Analytics economist Denise Cheok.

  • Oct 09, 2024

Fitch says decarbonisation of world economy progressing far too slowly

Decarbonisation of the global economy is progressing too slowly and while there has been improvement among big developed economies, emerging markets have failed to make reductions, Fitch Ratings warned in a report published on Wednesday. World CO2 emissions rose by 1.8% last year compared to world gross domestic product growth of 2.9%, the report said. Fitch noted that while emissions from 10 developed economies fell to their lowest since 1970, emerging markets as a whole failed to make any progress towards decarbonisation -- with CO2 emissions and GDP of 10 emerging markets tracked by Fitch increasing by 4.7% last year.

  • Oct 09, 2024

FTX Creditors Emerge as Possible Fillip for Ailing Crypto Market

(Bloomberg) -- Crypto exchange FTX’s creditors are set to receive more than $12 billion in coming months in a court-approved payout plan, raising the prospect that some of the cash could be plowed back into digital assets.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsSingapore Ends 181 Years of Horse Racing to Make Way for HomesChicago’s $1 Billion Budget Hole Exacerbated by School Turm

  • Oct 08, 2024

Everything to know about Nvidia, from the stock to its AI chips

Nvidia has emerged as one of the hottest artificial intelligence stocks on the market. The 31-year-old company’s meteoric rise is largely due to the recent AI boom, which revealed the unexpected potential of its core product, the graphics processing units (GPUs), for AI development.