Japan economy rebounds from Covid-19 jolt but global slowdown clouds outlook

TOKYO (REUTERS) – Japan’s economy expanded for the third straight quarter on solid private consumption, data for April-June showed on Monday (Aug 15), a sign the country was finally staging a much-delayed recovery from a Covid-induced downturn. But the outlook remains uncertain due to a resurgence in Covid-19 infections, slowing global growth, supply constraints and […]

New OCBC service allows customers to make CPF top-ups using the bank app or website

SINGAPORE –  Singaporeans keen to shore up their retirement savings can now top up their Central Provident Fund (CPF) accounts more easily. A new service by OCBC bank allows its customers to make top-ups to their CPF accounts by using the bank’s mobile app or Internet banking platform. OCBC said on Wednesday (Aug 10) that it […]

Frontnode Announces Future Support for Additional Cryptocurrencies (Bitcoin, Ethereum, Cardano, XRP, Dogecoin)

Tallinn, Estonia, August 09, 2022 – (SEAPRWire) – Frontnode, the Estonian-licensed crypto exchange focusing on bitcoin only, announced today the future listing of prominent crypto assets Ethereum, Litecoin, XRP and Dogecoin. In a statement, Sirje Soo, the company’s CEO says: “Up until now, our focus has been to provide the most accessible way for users to invest in […]

Wall Street stocks fall on US-China tensions, rate hike angst

NEW YORK (AFP) – Wall Street stocks finished Tuesday’s (Aug 2) volatile session lower following more hawkish comments from US central bankers and as jittery investors monitored China’s response to House Speaker Nancy Pelosi’s trip to Taiwan. The yield on the 10-year US Treasury note rose sharply following comments from Cleveland Federal Reserve Bank president […]

US to stop TSMC, Intel from adding advanced chip fabs in China

TAIPEI (BLOOMBERG) – As the US Congress passed an historic $52 billion federal programme to boost domestic chipmaking capabilities, it included one significant caveat: Companies that receive the funding have to promise not to increase their production of advanced chips in China. It is a condition that will certainly add to escalating tensions between Washington and […]