data
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AI Data Centre Electricity Demand Increasing US Utility Bills, Putting Households in Debt
Electricity prices tracked inflation from 2013 to 2023 but are likely to outpace inflation at least until 2026, according to the Energy Information Administration forecast earlier this year. The EIA’s…
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CLI-backed SC Capital starts work on US$600 million first phase of Osaka data centre
The 100MW facility in a prime location will have direct access to robust power infrastructure and major network routes [SINGAPORE] Singapore-based institutional real estate investment management firm SC Capital Partners…
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Asian markets mixed ahead of US data, expected Fed rate cut
Focus is now on the release later Friday of the personal consumption expenditures index [HONG KONG] Asian markets struggled into the weekend on Friday (Dec 5) following a bland lead…
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Gold steady as rising yields offset dollar weakness; PCE data eyed
[BENGALURU] Gold prices held steady on Friday (Dec 5), as rising US Treasury yields offset support from a weaker US dollar, while markets awaited US inflation data later in the…
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Humanoid robots have a data problem. China’s ‘training centres’ hope to fix it
[SHENZHEN] Home economics meets Star Wars at this “training centre” in the city of Hefei, where humanoid robots are being schooled in the art of household chores. Some of them…
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DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
[SINGAPORE] Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help support its expansion in international markets,…
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Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore benefits
[SINGAPORE] Data centres are expensive – to construct and to operate, as they are also power-guzzling. Amid the AI boom, as demand from hyperscalers for computing power drive up the…
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Reits are emerging as ‘powerful tools’ to fund rocketing data centre costs – Singapore benefits
Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030 [SINGAPORE] Data centres are expensive to construct and operate, as…
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Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore is benefiting
Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030 [SINGAPORE] Data centres are expensive to construct and operate, as…
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Gold holds steady after weak US jobs data reinforce rate-cut bets
[BENGALURU] Gold prices held steady above the US$4,200 mark on Thursday (Dec 4), buoyed by weak private payrolls data that reinforced expectations of a US interest rate cut at the…
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Indexes close higher as data keeps Fed rate cut expectations elevated
[NEW YORK] US stocks advanced to close higher on Wednesday (Dec 3), as a flurry of economic data kept expectations elevated for an interest rate cut by the Federal Reserve…
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TikTok to invest more than 200 billion reais in Brazil data centre
[NEW YORK] ByteDance’s TikTok will invest more than 200 billion reais (S$49 billion) to build a data centre in Brazil, marking its first project in Latin America. TikTok will partner…
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Fed data suggests central bank has stopped losing money
The Fed’s deferred asset reflects losses that must be covered before it can resume payments to Treasury [WASHINGTON] The Federal Reserve appears to have finally turned the corner on a…
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Wall Street opens lower as investors assess data, Microsoft falls
[NEW YORK] Wall Street’s main indexes opened lower on Wednesday (Dec 3), as investors assessed data pointing to a weak jobs market, while Microsoft fell after a report said the…
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Most Asian markets rise as traders await key US data
Money markets have put the chances of a Dec 10 cut at around 90%, with another three forecast by the end of next year [HONG KONG] Markets mostly rose on…
