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Nintendo announces new console but profit dives

Nintendo said Monday it would release a new console next year to succeed its popular Wii, as it reported earnings slumped due to the strong yen and its 3D handheld player came too late to give a lift.

The video game giant said the new machine would be showcased at E3 Expo in Los Angeles in June. The move comes as Nintendo has struggled to reverse its sliding fortunes in an increasingly crowded market.

Nintendo said Monday

Singapore's March CPI up 5% on-year, 0.1% on-month

Singapore's consumer price index rose five per cent on year in March, after a similar five per cent rise in February.

The inflation rate was in line with economist forecasts.

Compared with the month before, consumer prices was almost flat, rising just 0.1 per cent, according to the Department of Statistics (DOS).

DOS said the higher costs of housing, clothing and footwear, as well as "recreation and others" was partially offset by the lower cost of transport.

On a month-on-month basis, housing costs rose 0.6 per cent, due to higher accommodation costs.

Prices of clothing and footwear were up 2.5

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Nintendo announces new console but profit dives

Singapore's March CPI up 5% on-year, 0.1% on-month

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