Tag: Business
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Samsung Electronics plans $59 billion share buyback, Yonhap reports
SEOUL, June 24 : Samsung Electronics plans a share buyback programme worth about 90 trillion won ($58.61 billion) after agreeing to give stock bonuses to employees in recent wage talks, the Yonhap News Agency reported on Wednesday, sending shares of the South Korean chip giant up more than 6 per cent. The me
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Anthropic’s Mythos model found vulnerabilities in classified US government systems, official says
The firm’s new artificial intelligence model, Mythos, had identified certain vulnerabilities within hours, a US official said.
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Malaysia to ramp up support for ringgit as foreign outflows, Fed rate outlook weigh
June 24 : Malaysia’s central bank said on Wednesday it would step up efforts to support the ringgit, including measures to attract foreign funds and encourage state-linked firms and companies to repatriate overseas earnings.Bank Negara Malaysia said its Financial Markets Committee, which met to review the rin
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Exclusive-Japan plans to better manage war chest for yen intervention, draft report shows
TOKYO, June 24 : Japan’s government plans to examine ways to improve management of its $1.3 trillion foreign exchange reserves, a war chest for future yen intervention, according to a draft growth strategy report reviewed by Reuters on Wednesday. The plans reflect the government’s desire to boost returns
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Indonesia clings to emerging markets mantle as MSCI extends review to November
Index provider MSCI on Tuesday (Jun 23) extended its review to assess the slate of measures rolled out by Jakarta, leaving the market facing prolonged uncertainty.
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Asian stocks wobble after tech-led selloff, volatility risk highlighted
South Korean shares, which plunged 10 per cent on Tuesday in their sharpest one-day drop since March, jumped 2.2 per cent, while Japan’s Nikkei was swinging between gains and losses, last down 0.8 per cent.
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Japan May services producer prices rise 3.3% y/y on soaring fuel costs
TOKYO, June 24 : Japan’s services producer price index in May rose 3.3 per cent from a year earlier, central bank data showed on Wednesday, a sign of broadening inflationary pressure that will keep alive market expectations of further interest rate hikes.The annual rise in the index, which tracks the price co
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Dollar at 13-month high as rate hike bets, stock rout boost demand
HONG KONG, June 24 : The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes. A broad sell-off in technology and semiconductor shares has dragged global stocks lowe
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Bank of Korea board member raises concerns about house prices, leveraged stock investments
SEOUL, June 24 : A board member of the Bank of Korea, Hwang Kun-il, said the central bank would more closely monitor financial stability risks such as household debt and leveraged stock investments.Here are some details: • “There are worries about household debt growth rising again as house prices
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Anthropic’s Mythos model found vulnerabilities in classified US government systems, AP reports
June 23 : Anthropic’s Mythos model had identified vulnerabilities in highly sensitive and secure U.S. government computer systems during a testing exercise, the Associated Press reported on Tuesday, citing an official.Anthropic had teamed up with Washington’s intelligence agencies to conduct tests using Myt
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