Tag: business news
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South Korea’s president invokes dramatic Japan realty crash to push domestic property agenda
Lee was highlighting the country’s excessive investment in real estate, and highlighted that Japan’s housing market “burst like a balloon.”
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U.S., other nations back open-source AI with ‘strong security’ at China summit
The APEC statement is the first to include open-source cooperation at a minister level, said Li Lecheng, China’s industry and information technology minister.
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U.S. to see higher generic drug prices thanks to tariffs, CEO of leading India pharma firm warns
CEO of Indian pharma company Dr Reddy’s has warned that Trump’s proposed tariffs on generic drugs will make them more expensive for patients.
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China’s largest memory chipmaker sparks fears of a cash drain as it readies for public debut
CXMT is stoking fears that its blockbuster stock market debut could pull cash from China’s equities.
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Allianz to buy HSBC’s Singapore insurance unit for $2.09 billion
Allianz to acquire Singapore insurance business from HSBC
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Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.
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OpenAI’s Hugging Face hack triggers ‘AI Kill Switch’ bill in Congress
OpenAI disclosed this week that some of its AI models went rogue and hacked into open-source developer platform Hugging Face.
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DOJ withdraws subpoenas to NY Times reporters in Trump plane probe
The subpoenas to New York Times reporters were issued by Manhattan U.S. Attorney Jay Clayton, whom Trump has nominated as director of national intelligence.
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As the S&P 500 sells off, traders eye key ‘risk pivot’ level
Options traders are seeking clues on whether more volatility may be ahead.
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The 10-year Treasury yield could test 5% after its latest spike. Here’s why
The benchmark yield at 5% would be psychologically significant for the stock market.
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