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SK Hynix unveils US$75 billion shareholder return plan after posting record profit
SEOUL: South Korean chipmaker SK Hynix said on Wednesday (Oct 28) it would return about US$75 billion to shareholders this year, after reporting a more than seven-fold jump in quarterly profit as AI infrastructure demand continues to drive up memory chip prices.The Nvidia supplier also said it has sold out of
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Vietnam financial centre says its first 10 members to mobilise $2.7 billion
HANOI, Oct 28 : Vietnam’s International Financial Center said on Wednesday its first 10 members are expected to mobilise and invest about $2.7 billion in the country’s business hub Ho Chi Minh City through 2027.Among the initial 10 members are holding companies linked to Keppel Asset Management, AG&P LNG and
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Japan’s Nidec likely to miss month-end deadline on audit, Nikkei says
TOKYO, Oct 28 : Japan’s Nidec is unlikely to secure an auditor’s opinion on its securities report by month-end after an auditor flagged that the audit could be delayed, the Nikkei business daily said on Wednesday. The step comes after Nidec said on Tuesday it had decided to sue founder Shigenobu Nagamori al
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Singer Demi Lovato assures fans she’s ‘fine’ after hospitalisation over possible allergic reaction
The 34-year-old shared a now-deleted Instagram Story showing an IV in her arm and a hospital wristband, suggesting that sushi or passionfruit may have triggered the reaction.
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Syria reopens Jordan border crossing after mending ties
DAMASCUS: Syria reopened its main border crossing with Jordan on Wednesday (Oct 28) as the two countries reaffirmed ties that were strained by a deadly retaliatory strike by Jordanian forces.Jordan’s strike – a reprisal against a
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AI chips worth US$12.1 million seized at Malaysia airport, customs authority says
Malaysia customs seizes 30 server units with advanced AI chips at Kuala Lumpur International Airport, linking the case to a wider smuggling syndicate probe.
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In Myanmar’s ancient Bagan, artisans struggling to preserve heritage pin hopes on tourism revival
Once a magnet for international visitors, the UNESCO World Heritage Site is struggling to regain its tourism industry as Myanmar’s civil conflict drags on. For local communities, the stakes go beyond livelihoods to the survival of centuries-old traditions.
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Dassault Systèmes raises 2026 targets
Oct 28 – Software maker Dassault Systèmes on Wednesday raised its 2026 revenue and margin targets after its third-quarter revenue rose 5 per cent to €1.55 billion ($1.73 billion). The upgrade, the French software group’s first in two years, signals that a slowdown dating back to 2023 may have bottomed
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TPG pursues $5 billion acquisition of British data centre group Ark, FT reports
Oct 28 : Global alternative asset manager TPG is in talks to buy British data centre group Ark from Elliott Investment Management at a valuation of about $5 billion, the Financial Times reported on Wednesday, citing people familiar with the matter. Here are some details:• Discussions are ongoing, a
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SIA to buy sustainable aviation fuel made from waste gases at new Singapore plant
Singapore Airlines says it has signed an agreement to purchase up to 4,800 tonnes of next-generation sustainable aviation fuel from Aether Beacon over three years.
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