US stocks mixed after disappointing August jobs data

NEW YORK (AFP) - Wall Street stocks shrugged off a disappointing August US jobs report and finished mixed as investors eyed a potentially slower phasing down of monetary stimulus. The US economy added just 235,000 positions last month, a far lower number than expected and below the level in recent months, revealing the drag on hiring from the Delta variant of Covid-19, particularly in the leisure and hospitality sector. On the positive side, the report showed the unemployment rate fell to a pandemic low of 5.2 per cent. Stocks avoided major swings in a session characterised by low trading volumes ahead of a holiday weekend. Federal Reserve chairman Jerome Powell has said the central bank could begin scaling back its massive stimulus programme by year's end, and some analysts have been expecting an announcement at a monetary policy meeting later this month. "This jobs report takes a lot of pressure off of the Fed and the market knows that," said Adam Sarhan of Sarhan Capital. "And that's why the market's not selling off big time and it's not rallying big because there's no big catalyst. This is a perfect report for the Fed." The Dow Jones Industrial Average finished down 0.2 per cen...

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NEC Announces Transfer of Shares in a Consolidated Subsidiary

TOKYO, Sep 3, 2021 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (TSE: 6701) today announced the transfer of all shares in NEC Energy Solutions, Inc. (NEC Energy Solutions), a consolidated subsidiary, to LG Energy Solution, Ltd. (LG Energy Solution). The stock transfer is scheduled to take place following completion of required regulatory clearances. In recent years, along with the spread of renewable energy, the energy storage system market is expanding. However, market competition is also intensifying. Under these circumstances, in June 2020, NEC decided to suspend taking new orders for NEC Energy Solutions, an energy-related subsidiary that mainly provides power storage systems for electric power companies and businesses, and to continue only the execution and maintenance of contracted projects. Since then, NEC has explored the possibility of selling NEC Energy Solutions, while proceeding with the discontinuation of operations for the subsidiary. As a result, NEC decided to transfer the shares to LG Energy Solution. The impact of this share transfer on NEC's consolidated financial results for the fiscal year ending March 31, 2022 will be minor.About NEC CorporationNEC Cor...

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Binance and APENFT to Cohost ApeAvatar Charity Mystery Box Event on September 6

SINGAPORE, Sep 3, 2021 - (ACN Newswire via SEAPRWire.com) - Binance and APENFT will cohost the ApeAvatar Charity Mystery Box event opening on September 6. Centered around charity, the 60-day event incorporates NFT celebrity avatars and mystery boxes of designer toys to unleash greater potential for the NFT ecosystem. This marks another collaboration between the two after the Genesis NFT auction in June.It is understood that the "ApeAvatar" event comprises two major sections - charity avatar claiming and the sale of select mystery boxes.APENFT will create well-designed cyberpunk-style NFT avatars of 50 global influential people, including Justin Sun (founder of TRON) and Changpeng Zhao (founder and CEO of Binance), for them to claim. For each of the avatars claimed, APENFT will donate $5,000 to international philanthropic organizations such as One Tree Planted and Koala Clancy Foundation, in support of their tree planting projects.In addition to the novel "celebrity + charity" activity, a select series of mystery boxes in a similar style to the celebrity avatars will also be launched at the event. This series features the classical Mona Lisa and David of Michelangelo, with each imag...

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Toyota Yaris WRC encounters the legendary Acropolis Rally

Toyota City, Japan, Sep 3, 2021 - (JCN Newswire via SEAPRWire.com) - The TOYOTA GAZOO Racing World Rally Team is preparing to face another of the sport's most iconic and demanding events when the legendary Acropolis Rally in Greece returns to the FIA World Rally Championship on September 9-12.The Acropolis Rally last featured in the WRC in 2013, having been almost ever-present on the calendar since the inaugural season 40 years earlier. The event is known for rocky mountain roads and high temperatures which combine to create a tough challenge for the cars, tyres and drivers.Sebastien Ogier, who won the rally in 2011, heads to Greece with a 38-point lead in the championship, with team-mate Elfyn Evans in joint second place. Kalle Rovanpera, fourth in the standings, will be making his Acropolis Rally debut, as will TGR WRC Challenge Program driver Takamoto Katsuta. Toyota has a 41-point lead in the manufacturers' championship with four rounds remaining.The rally will begin on Thursday afternoon from the capital city Athens, with a start ceremony beneath the ancient Acropolis citadel and a short street stage around Syntagma Square. From there, Friday takes the crews out west for a pai...

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Dvision Hosts Metaverse Conference for BSC’s Anniversary

HONG KONG, Sept 1, 2021 – (ACN Newswire) – The Dvision Network team is hosting an augmented reality metaverse conference to commemorate the first anniversary of the Binance Smart Chain (BSC) ecosystem next month. The celebration will start on the 8th and end on the 13th of September, lasting six days with an action-packed agenda that should last around 4-5 hours per day. Dubbed the “Binance Smart Chain 1st Anniversary in Dvision Metaversarve”, the event will be co-hosted with 30 notable projects in the GameFi and NFT space built on the BSC ecosystem, including StepHero, Alpaca Finance, MyDefiPet, Cryptoblades, Bunny Park, Faraland and many others, that are disclosed in their event page. The metaverse event will be conducted in the special Binance Hall built inside of the Dvision World. The BSC anniversary is expected to offer various activities, in-game events and airdrops sponsored by participating projects. Attendees will be able to participate in-game quizzes, get their groove on during the dancing event at the conference hall, and chase randomly spawned characters in order to be rewarded by unique NFT items and partner tokens. Last but not least, the “Digging the Earth” event w...

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MHI Rated Top Brand of Heat Pumps by Leading New Zealand Consumer Organization

TOKYO, Sep 3, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, through its Australian subsidiary Mitsubishi Heavy Industries Air-conditioners Australia, Pty. Ltd. (MHIAA), has for the first time been selected as the Top Brand of Heat Pumps in the Heat Pumps / Air Conditioners category by Consumer NZ, a long-standing product satisfaction review organization in New Zealand that recommends the top brands on the market. Based on the results of a survey of 1,880 consumers, combined with the product tests comparisons, a total of 20 models of residential and commercial-use heat pumps from MHI Thermal Systems, sold by MHIAA under the Mitsubishi Heavy Industries brand, were compared with models from seven other manufacturers, with MHI selected as the top brand overall.Consumer NZ is a non-profit, membership-based product review organization focused on consumer protection, well regarded in New Zealand for more than 60 years. It conducts product reviews and customer satisfaction surveys of household appliances and other consumer goods to assist consumers with purchasing decisio...

卓悦控股澄清:「卓悦美容有限公司」并非卓悦集团旗下公司

HONG KONG, Sep 3, 2021 - (亚太商讯 via SEAPRWire.com) - 卓悦控股有限公司(「卓悦」或「集团」)(股票编号653.HK)欲就近日部分媒体报道作出澄清。据部分媒体报道,一家名为「卓悦美容有限公司」的公司以及名为「悦榕庄」、「 Dr.Protalk 」及「水云庄」的美容院及按摩店停止营业并出现财务困难。部分媒体报道暗示卓悦美容有限公司以及美容院及按摩店业务与集团有关。为免公众误解,公司特此澄清:卓悦美容有限公司以及旗下的悦榕庄、Dr.Protalk及水云庄并非集团的附属公司或业务,集团亦无拥有有关公司或业务的任何股权。集团目前并无经营任何美容院及按摩店业务。因此,卓悦美容有限公司、悦榕庄、Dr.Protalk及水云庄停止营业或出现任何财务困难,并无对集团的营运产生任何影响。集团目前专注业态创新,开创香港独有的「科技+消费」模式,透过旗下的「卓悦双星」——卓悦科技及卓悦「香港猫」,分别推动「科技」及「消费」。「香港猫」积极布局全球电商服务平台,并开展服务香港和海外企业的品牌和产品,提供多域市场、多元化销售服务模式。集团亦积极采取数字化转型,建成O2O体系,由以往单一线下零售模式,蜕变成「线上+线下+体验」的全域数字化新零售服务,让传统门市销售员也能多元化地服务线上顾客。集团以卓悦科技为基座,支撑「香港猫」发展,加上顶层的数字化转型,集团预期在业态创新下,有如走上新赛道,业务将会急速发展。换道领跑目标可期,弯道超车势不可挡!有关卓悦控股有限公司卓悦控股有限公司(股份代号: 653.HK)为香港领先美妆、健康及生活消费品连锁零售集团,现于香港及澳门共设有17间线下零售店,并致力推动零售业态创新,开创「科技+消费」模式。卓悦香港猫(「 HKMALL 」)香港购物平台触达34个国家,共销售往44个中国内地及海外渠道平台,包括天猫国际、考拉、京东、Facebook、YouTube、Instagram、海淘网及微信商城等平台。卓悦现时自设KOL直播间,培育200名销售人员直播销售,现时在Facebook、YouTube、Instagram、Bonjour Global、卓悦全球购、卓悦海淘、天猫、考拉及京东共9个直播平台带货。 Copyright 2021 亚太商讯. All rights reserved. (via SEAPRWire)

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Sixth Belt and Road Summit draws to successful close

HONG KONG, Sep 3, 2021 - (ACN Newswire via SEAPRWire.com) - The sixth Belt and Road Summit, jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), drew to a successful close yesterday (2 September). In response to the COVID-19 pandemic, this year's summit was changed to an online event. The virtual platform helped to overcome geographical boundaries, with more than 17,000 viewers from about 80 countries and regions attending the summit.Under the theme "Driving Growth through Fostering Regional and International Trade", the sixth Belt and Road Summit brought together more than 17,000 participants from about 80 countries and regions.Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR), spoke at a session titled "Belt and Road and RCEP: Enhancing Regional Business Connectivity".Teresa Cheng, Secretary for Justice of the HKSAR, highlighted the "incredible opportunities" afforded to Hong Kong's legal sector by the 14th Five-Year Plan and Greater Bay Area Outline Development Plan.Under the theme "Driving Growth through Fostering Regional and International Trade", the ...

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Business at Bugis Junction falls by up to 90%, with 246 Covid-19 cases in cluster linked to it

SINGAPORE - Businesses at Bugis Junction are reeling from the drastic drop in footfall since a cluster of Covid-19 cases emerged at the mall on Aug 24. Infections there ballooned to 246 on Thursday (Sept 2), from 20 cases initially. Business owners and employees at units ranging from clothing stores to restaurants said footfall had plummeted by about 90 per cent in the past week, despite measures such as deep cleaning and quarantining. Some shops have closed temporarily as it was not worth operating at present, or because employees had been infected with the virus. The manager of a clothing store, who gave his name only as Mr Eric, said this had been the worst drop in customers that he has seen this year. Ms Cheng Wei Li, 35, an employee at a gadget shop, also said footfall had been low. "Maybe it will get better after one or two weeks," she said in Mandarin. Mr Jaryl Foo, 22, who works at anime merchandise shop Otaku House, said he has seen close to zero sales in the past week. "People want to avoid this place now," he said. "At first I was very concerned about the cases as I am working here, but at least I am vaccinated." An employee who works at a food stall in the basement said...

Merlion statue cleaning postponed due to ‘manpower issues’: STB

SINGAPORE - The Merlion will have to wait longer for its regular bath. The iconic statue was supposed to have its quarterly cleaning from last Thursday (Aug 26) to Saturday, but this has been postponed to next week, the Singapore Tourism Board (STB) said in a statement on Friday (Sept 3). "The cleaning works were postponed due to manpower issues faced by the appointed cleaning company," an STB spokesman told The Straits Times. The STB did not elaborate on the issues or name the cleaning company. The Merlion will now be cleaned overnight from 11.30pm to 7am between Sept 6 and Sept 8. The statue will be hoarded up during that period and not available for public viewing, the STB said. More on this topic Related Story Interactive: If Singapore’s Merlion were real Related Story Ultraman meets Merlion in new Singapore Tourism Board campaign for Japan

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CIMB Niaga and JCB launch JCB Contactless Credit Card in Indonesia

JAKARTA & TOKYO, Sep 3, 2021 - (JCN Newswire via SEAPRWire.com) - PT Bank CIMB Niaga Tbk (CIMB Niaga) and PT JCB International Indonesia (JCB), as subsidiaries of JCB International Co Ltd., launched the CIMB Niaga JCB Contactless Credit Card in Jakarta, Friday, 3 September 2021. This credit card with contactless technology was developed in line with the rapid growth of credit card technology and the COVID-19 pandemic situation. The Contactless Credit Card can make it easier for customers to transact as well as become an alternative faster payment solution. Supported by dual liaison capabilities, this credit card can still be used for transactions using the dipping method.CIMB Niaga Consumer Banking Director, Lani Darmawan, said, "CIMB Niaga continues to develop innovative products and services by adopting the latest technology. One of them is through the CIMB Niaga JCB Contactless Credit Card. With this card, customers can transact at various merchants without touching other objects. We hope that this initiative can improve customer experience in the midst of the current situation."Meanwhile, President Director of PT JCB International Indonesia, Takumi Takahashi, said, "We are ...

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No evidence yet of Covid-19 clusters at bus interchanges spreading virus to commuters: Iswaran

SINGAPORE - There is currently no evidence that Covid-19 clusters in bus interchanges have resulted in spreading the virus to commuters, said Transport Minister S. Iswaran on Friday (Sept 3). "The experts have said that there is no evidence of any spread to commuters but we will continue to make sure we observe all the safeguards that have been put in place," said Mr Iswaran. "If there is a need to do more, the Land Transport Authority (LTA) will work with public transport operators to do so." Mr Iswaran was speaking to the media on the sidelines of Land Transport Industry Day at the LTA office in Bedok. He said the priority now is to ensure that both transport workers and commuters are safe, and that the public transport system continues to function. As at Wednesday, 314 cases - including 284 bus drivers and service staff at bus interchanges - have been reported. The rest are their household contacts and members of the public. The bus depot clusters grew to 341 cases on Thursday. On how the drivers could have been infected, Mr Iswaran said medical experts are still studying the issue. "It's plausible that they may have contracted (the virus) from the community, but at the same tim...

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Habitat for Humanity: Innovation Awards at the Virtual Asia-Pacific Housing Forum to Promote Winning Sustainable Solutions for Affordable Housing

BANGKOK, Sep 3, 2021 - (ACN Newswire via SEAPRWire.com) - The Asia-Pacific Housing Forum's Innovation Awards recognize and celebrate innovators and disruptors in the affordable housing sector. Startup and scaleup companies, policymakers and advocates, architects and engineers are invited to submit sustainable and practical solutions for affordable housing. Paulette Liu"The Asia-Pacific region faces complex housing challenges, compounded by rapid urbanization, natural and human-made disasters, the negative effects of climate change, and persistent poverty and inequality," said Luis Noda, Asia-Pacific vice president of Habitat for Humanity. "We need everyone working together and every possible creative solution that is locally adapted to address the housing deficit.""The recognition allowed us to expand our circle of influence, created more awareness about our advocacy in the community and open more opportunities to help others," said Paulette Liu, president of SKILLS and a 2019 Innovation Awards winner. The Innovation Awards (visit aphousingforum.org/innovation-awards) underscores the importance of strategic collaboration, specifically by multiple sector partnerships that foster inn...

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620 electric vehicle chargers to be installed at public carparks in the next 12 months

SINGAPORE - More than 600 electric vehicle (EV) chargers will be installed at some 200 public carparks in HDB estates, industrial estates and the Central Business District over the next 12 months. The first of these chargers are expected to be installed by the end of this year. By the third quarter of next year, there will be 210 charging points in the central region, 50 in the north, 100 in the north-east, 120 in the east and 140 in the west. The Urban Redevelopment Authority (URA) and the Land Transport Authority (LTA) said on Friday (Sept 3) that a consortium comprising ComfortDelGro Engineering and Engie South East Asia has been awarded a tender to set up EV charging points in selected carparks in the central, east and west regions. Another consortium comprising Primech A&P, Charge+, Sunseap Group and Oyika has been awarded a tender to install the charging infrastructure in carparks in the north and north-east regions. The tenders, which form a pilot tender put out in November last year, are the first steps towards a national target of 40,000 charging points in public carparks by 2030. URA and LTA said they wanted to ensure that the pilot tender for the charging points was awar...

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TEC case study on the Future of Work found that an increased number of their employees wanted greater workplace flexibility

HONG KONG, Sep 2, 2021 - (ACN Newswire via SEAPRWire.com) - The office of the future must be an inspiring physical space that facilitates communication, cooperation and collaboration in order to encourage employees to come into the office, according to the latest case study by The Executive Centre ("TEC"), the leading premium flexible workspace. Modern technology and globalised communication systems have allowed us to become a more agile and mobile workforce, and these trends have accelerated with the COVID-19 pandemic. The workforce culture today is increasingly championing flexible working practices as the Future of Work, leading to a shift for multinational corporates towards adopting a flexible work culture through an extensive review and analysis of their portfolio and employee needs. The case study reviews the learnings and provides a roadmap for other organisations that realise the value of flexibility but find it challenging to create an architecture to empower change.One of the key learnings is that for companies to successfully transition towards flexible working practices, they need to understand their business requirements and priorities first, as there is no one-size-f...

Alibaba pledges $20.8 billion to China’s ‘common prosperity’ drive

SHANGHAI (REUTERS) - China's Alibaba Group Holding will invest 100 billion yuan (S$20.8 billion) by 2025 in support of "common prosperity", it said, becoming the latest corporate giant to pledge support for the initiative driven by Chinese President Xi Jinping. Beijing has been encouraging companies to share wealth as part of an effort to ease inequality in the world's second-largest economy. Other companies that have made similar announcements include Tencent Holdings, which also pledged 100 billion yuan, and Geely Automobile. The government-backed Zhejiang News website said Alibaba's funds will go towards areas such as subsidies for small and medium-sized enterprises and improving insurance protection for gig economy workers such as couriers and ride-hailing drivers. It will also set up a 20 billion yuan "common prosperity development fund", the newspaper said, with Alibaba confirming the report. The e-commerce giant and its tech rivals have been the target of a wide-ranging regulatory crackdown on issues ranging from monopolistic behaviour to consumer rights. Alibaba was fined a record US$2.75 billion (S$3.69 billion) in April over monopoly violations. The sector has also attrac...

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Morning Briefing: Top stories from The Straits Times on Sept 3

Good morning! Here are our top stories to kick-start your Friday, Sept 3. SingPost Centre death: How the elderly man could have got into the stairwell Soh Eng Thong's body was found three days after he was reported missing. READ MORE HERE 341 Covid-19 cases now linked to bus interchanges, with 21 new cases The 191 new infections on Thursday is the highest number of cases since Aug 10, 2020. READ MORE HERE Commuters may see longer waits for buses if Covid-19 clusters at bus interchanges worsen These plans were worked out before the pandemic, for cases of severe manpower disruption. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news LWWs: Can efforts to help lower-wage workers be sustained? One big question in Singaporeans’ minds: Who pays for higher wages of LWWs? READ MORE HERE MAS orders crypto exchange platform Binance.com to stop services in Singapore MAS also warn consumers that Binance is not regulated or licensed in Singapore to provide any payment services. READ MORE HERE From Normal stream straggler to ITE lecturer, he now picks up President's Award for Teachers Struggling through secondary school in the Normal stream, Mr Jeff Koh ...

OCBC mounts China hiring spree to tap growing wealth

SINGAPORE (BLOOMBERG) - OCBC Bank is boosting its wealth management and corporate banking staff for Greater China to capture regional business flow from the world's second-largest economy. South-east Asia's second-largest lender plans to double the number of relationship managers for wealthy Chinese clients to 500 by 2023, chief executive Helen Wong said in her first in-person interview since taking the job in April. The planned hires will be at OCBC's main operations and its private banking unit Bank of Singapore. "Asean has become China's biggest trade partner and intra-Asian trade is going up substantially," Ms Wong, 60, said in an interview at the bank's Singapore headquarters. "We know that this is our opportunity." Greater China accounts for about a quarter of OCBC's pre-tax profit. The lender also plans to increase the number of corporate and commercial bankers by 30 per cent to about 400 by 2024, Ms Wong said. Among the planned hires will be for what OCBC calls China Business Office, which are currently in Myanmar, Thailand and Malaysia. More of such offices will soon open in Indonesia and Vietnam to target corporate clients. Such hiring is essential to help Chinese clients...

S&P 500, Nasdaq end at records ahead of August jobs data

NEW YORK (AFP) - Major US equity indices again finished at records on Thursday (Sept 2) following better weekly jobless claim data ahead of the closely-watched August employment report. The Labour Department reported a seasonally adjusted 340,000 new filings for aid in the week ended Aug 28, 14,000 less than the previous week's upwardly revised level and the lowest since Covid-19 caused millions of layoffs in March 2020. The report comes ahead of Friday's labour data, which is expected to show the United States added 750,000 positions last month, with the unemployment rate falling to 5.2 per cent. The Dow Jones Industrial Average ended up 0.4 per cent at 35,443.82. The broad-based S&P 500 gained 0.3 per cent to 4,536.95, while the tech-rich Nasdaq Composite Index advanced 0.1 per cent to 15,331.18. Both the S&P 500 and Nasdaq finished at all-time high closing records. "We're really inching forward here in what seems to be a wait-and-see mode for tomorrow's economic data," said Art Hogan, chief strategist at National Securities. Analysts will scrutinise Friday's jobs report for signs of when the Federal Reserve might begin scaling back its massive stimulus programme, as its chief Je...

Legend Holdings Announces 2021 Interim Results, Revenue and Net Profit Attributable to Equity Holders Recorded a Historical High

HONG KONG, Sep 2, 2021 - (ACN Newswire via SEAPRWire.com) - According to South China Morning Post, in the first half of 2021, the uncertainty of the COVID-19 threatened the global economic recovery, while China benefited from the good control of the epidemic situation, the economy continued to recover steadily, production and market demand continued to increase, many enterprises emerged from the impact of the epidemic and announced excellent interim results. Legend Holdings Corporation (3396.HK) is one of them that has attracted market attention. Legend Holdings announced interim results of the Company and its subsidiaries on August 31, it has made an outstanding performance with both revenue and net profit attributable to equity holders recorded a historical high level. Revenue stood at RMB 228.57 billion, representing a year-on year increase of 24%; net profit attributable to equity holders of the Company amounted to RMB 4.69 billion, representing a year-on year increase of 636%. Driven by the interim results, the share price of Legend Holdings increased 14.83% to HKD 14.4 yesterday, which fully shows that investors are optimistic about its development.The market is also concerne...