Tag: Business
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Samsung to announce $648 billion investments in South Korea, media report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday. The announcement will be made at a meeting w
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Tokyo June core CPI rises 1.6% yr/yr
TOKYO, June 26 : Core consumer prices in Tokyo rose 1.6 per cent in June from a year earlier, government data showed on Friday.The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists’ median estimate for a 1.6 per cent annual ri
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Core inflation in Tokyo stays below BOJ target for fifth month
TOKYO, June 26 : Annual core inflation in Japan’s capital accelerated in June, data showed on Friday, a sign of broadening price pressures from the Middle East conflict.The data will be among the factors the Bank of Japan will scrutinise at next month’s policy meeting, when the board will conduct a quarterly
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Always-on won: dealers fret about risks in landmark shift to 24-hour trading
SEOUL, June 26 : Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit plunge in the pound, and the won’s dramatic tailspin after South Korea’s 2024 martial law decree.Now his job will be stretched around the clock as Sou
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BHP-backed I-Pulse wins $250 million US CHIPS award for silicon-carbide semiconductors
June 25 : Mining giant BHP-backed I-Pulse said on Thursday it had signed an agreement with the U.S. Department of Commerce for a $250 million award to advance its semiconductor and pulsed-power technology.The award from the department’s CHIPS Research and Development Office is aimed at supporting U.S. semicon
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OpenAI leans toward waiting until next year for IPO, NYT reports
June 25 : OpenAI is considering holding off on its public debut until next year, the New York Times reported on Thursday, citing three people involved in the company’s deliberations.The AI startup, which has confidentially filed for a U.S. initial public offering, is targeting a valuation of up to $1 trillion
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Trading Day: Tech outlook is cloudy
ORLANDO, Florida, June 25 : It was a day of modest reversals across currencies and commodities on Thursday, to varying degrees, as the dollar rally and oil slump paused for breath. Meanwhile, stocks in Europe and Asia rose, but megacap tech weakness weighed on Wall Street. In my column today, I look at the wi
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Onsemi to buy Synaptics in $7 billion all-stock deal
June 25 : Onsemi said on Thursday it had agreed to acquire Synaptics in an all-stock deal valued at about $7 billion, potentially broadening the chipmaker’s presence in the fast-growing market for AI-enabled devicesShares of Onsemi fell about 7.4 per cent in extended trading, while those of Synaptics were d
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Dollar retreats as US inflation data eases rate hike expectations
NEW YORK, June 25 : The dollar was set to snap a three-session streak of gains on Thursday, after a flurry of U.S. economic data that included a reading on inflation softened expectations for rate hikes from the Federal Reserve this year. The Commerce Department said the personal consumption expenditures pric
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Xbox to raise console prices worldwide from August
June 25 : Microsoft’s Xbox is raising prices of its gaming consoles by up to $150 worldwide, citing a deepening global components crisis that has sent storage and memory costs soaring across the consumer electronics industry.Groups representing automakers, retailers, electronics firms and others had warned ea
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