Tag: Business
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South Korea market watchdog issues warning on leveraged stock investments
SEOUL, June 18 : South Korea’s financial market regulator issued on Thursday an investor warning on single-stock leveraged investment products recently introduced amid a world-beating, chipmaker-led rally in the domestic market. “With stock market volatility increasing recently, there have been cases where th
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Vodafone Australia network outage hits thousands, services being restored
June 18 : Vodafone Australia said on Thursday that many customers experienced intermittent network issues after an outage at one of its network hubs, adding that the problem had been resolved and services were being progressively restored.More than 8,000 customers reported facing network issues early in the m
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Asian stocks steady, oil lower as US and Iran sign peace deal
The interim peace deal extends a ceasefire announced in April by another 60 days, to allow the two sides to negotiate a final truce.
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Japan ready to respond ‘appropriately’ to yen moves, government spokesperson says
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves, the government’s top spokesperson said on Thursday as the yen’s renewed slide tests Tokyo’s readiness to intervene in the market to prop up the sagging currency.”We are ready to respond appropriately to currency moves as needed a
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Google Gemini co-lead Noam Shazeer to join IPO-bound OpenAI
June 17 : Noam Shazeer, a vice president of engineering at Google and co-lead of its Gemini artificial intelligence models, said on Wednesday that he will leave the company to join IPO-bound ChatGPT maker OpenAI.• Shazeer’s move comes as leading AI firms compete for talent while racing to develop advanced m
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Oil slips again as US, Iran sign peace deal
BEIJING, June 18 : Oil prices fell in early trading on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran’s oil, resolving the largest energy supply disruption in history.Brent crude futures were down 89 cent
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Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides
HONG KONG, June 18 : The U.S. dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate hikes this year, heaping fresh pressure on the Japanese yen toward intervention territory.The U.S. central bank held rates steady in a 3.50 per cent-3.75 per cent range as n
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Nvidia supplier SK Hynix ships samples of next-generation chips to major customers
SEOUL, June 18 : SK Hynix said on Thursday it has shipped samples of its latest high-bandwidth memory (HBM) chips to major customers, as the South Korean chipmaker seeks to strengthen its position in the fast-growing AI semiconductor market.The next-generation 12-layer HBM4E chip reaches speeds of up to 16 gi
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Stocks drop, bond yields rise; Fed keeps rates steady but projects hike for later this year
NEW YORK, June 17 : Major stock indexes fell, bond yields rose and the U.S. dollar extended gains on Wednesday after the Federal Reserve held the benchmark interest rate steady and new projections showed officials expect a hike in borrowing costs later this year amid increasing inflation concerns.Kevin Warsh,
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EU cybersecurity agency to meet Anthropic on Thursday, EU Commission says
BRUSSELS, June 17 : The European cybersecurity agency Enisa will hold a meeting with U.S. artificial intelligence company Anthropic on Thursday in San Francisco, a European Commission spokesperson told reporters on Wednesday.The meeting follows an invitation by Anthropic and was scheduled before a U.S. export
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