China solar industry’s losses narrowing on overcapacity push, association says

China solar industry’s losses narrowing on overcapacity push, association says

[BEIJING] Losses in China’s slumping solar sector narrowed in the third quarter, data presented by an industry group official revealed, as the government’s war on industrial overcapacity targeted manufacturers. The solar industry’s capacity reached levels capable of satisfying global demand roughly twice over, figures from earlier this year showed, making it a focus of Beijing’s…

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Singapore stocks track Wall Street declines; STI down 0.1%

Singapore stocks track Wall Street declines; STI down 0.1%

Across the broader market, losers beat gainers 286 to 236, as 883.5 million securities worth S$1.1 billion change hands [SINGAPORE] Singapore shares ended lower on Thursday (Dec 18), tracking declines on Wall Street. The benchmark Straits Times Index (STI) lost 0.1 per cent or 4.87 points to finish at 4,570.61. Meanwhile, the iEdge Singapore Next…

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Predator not seen in Ohio for more than 100 years caught on camera

Predator not seen in Ohio for more than 100 years caught on camera

An astonishing discovery was made after a wildlife camera spotted a fisher roaming through Cleveland Metroparks — its first appearance in Cuyahoga County for over a century, park officials say. The park’s trail camera captured the footage earlier this year, marking it as its first confirmed sighting of the species in the county since the 1800s, according to Cleveland…

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Elliott woos other Toyota Industries investors in buyout fight

Elliott woos other Toyota Industries investors in buyout fight

[TOKYO] Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to build support for its campaign and push Toyota group to sweeten its 4.7 trillion yen (S$38.9 billion) bid to take a key affiliate private, according to people familiar with the matter. Billionaire Paul Singer’s activist fund, which has quickly…

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Google works to erode Nvidia’s software advantage with Meta’s help

Google works to erode Nvidia’s software advantage with Meta’s help

The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs [SAN FRANCISCO] Alphabet’s Google is working on a new initiative to make its artificial intelligence chips better at running PyTorch, the world’s most widely used AI software framework, in a move aimed at weakening Nvidia’s longstanding dominance…

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South Korea digs deeper into intervention toolkit as won slides

South Korea digs deeper into intervention toolkit as won slides

The won has been Asia’s worst-performing currency in the second half of the year [SEOUL] In South Korea, calls for action to stem the won’s decline are getting louder by the day. On Thursday (Dec 18), the finance ministry warned of increased volatility and said it would take swift measures if needed, while the government…

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StanChart, Ant International launch blockchain-based tokenised deposits in SGD, USD

StanChart, Ant International launch blockchain-based tokenised deposits in SGD, USD

The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure, and more efficient [SINGAPORE] Standard Chartered (StanChart) on Thursday (Dec 18) announced the launch of blockchain-based “tokenised deposits” in Singapore and US dollars for Ant International. This will enable the fintech firm to move funds in real-time, 24/7, and…

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StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback

StanChart, Ant International launch blockchain-based tokenised deposits in Singdollar, greenback

The new solution demonstrates how businesses can use blockchain technology to make transactions faster, more secure and more efficient [SINGAPORE] Standard Chartered (StanChart) on Thursday (Dec 18) announced the launch of blockchain-based “tokenised deposits” in Singapore and US dollars for Ant International. This will enable the fintech firm to move funds in real time, 24/7,…

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