Tag: Business
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Japan’s largest banks to jointly issue stablecoins by March 2027
TOKYO, June 10 : Japan’s three largest banks said on Wednesday they will jointly issue stablecoins during the current fiscal year ending in March 2027, a sign of growing momentum for digital payments in a country where cash and credit cards remain popular.The banking arms of Japan’s three largest financial gr
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Kakao union stages four-hour strike and rally in South Korea over pay
PANGYO, South Korea, June 10 : Unionised workers at South Korean tech firm Kakao began a four-hour strike and rally on Wednesday, demanding job security and changes to the company’s bonus system. The strike will run from 10 a.m. to 3 p.m. (0100 GMT to 0600 GMT), with workers set to join a rally at…
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Google Cloud outage in India after third-party data centre fire triggers shutdown
June 9 : Alphabet’s Google Cloud said on Tuesday that some customers in India experienced intermittent network disruptions after a fire at a third-party data centre triggered an emergency shutdown of networking equipment.The cloud-computing unit said the fire led to an emergency power shutdown at the facility
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SoftBank’s attempt to get $6 billion OpenAI margin loan stalls, Bloomberg News reports
June 10 : SoftBank Group’s talks with potential creditors to raise at least $6 billion from a margin loan backed by its OpenAI stake have stalled, Bloomberg News reported on Wednesday, citing sources.The company is considering various fundraising options, the report said, adding that it could still move forwa
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Samsung Elec invests $175 million to become top shareholder in US genetics firm
June 9 : Privately held Element Biosciences said on Tuesday it had raised funds, including $175 million from longtime investor Samsung Electronics, to expand commercialisation of its genetic testing and research products.The San Diego-based company did not disclose the total size of the upsized Series E fund
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Japan wholesale inflation extends surge as energy shock hits
TOKYO, June 10 : Japan’s wholesale prices surged 6.3 per cent in the year to May, data showed on Wednesday, exceeding market expectations and highlighting mounting price pressures from the Middle East conflict.The rise in the producer price index (CGPI), which measures the price companies charge each other fo
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Japan’s Asics considers spinning off Onitsuka Tiger
TOKYO, June 10 : Japan’s Asics Corp said on Wednesday that it was considering spinning off its Onitsuka Tiger business.The board will discuss the matter at a meeting scheduled for later in the day, the company stated in a statement.TV Tokyo broadcaster said on Tuesday that Asics will spin off its high-
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Oil rises nearly 1% as US launches new strikes against Iran, supply tightens
June 10 : Oil prices climbed about 1 per cent on Wednesday, moving away from a seven-week low touched in the previous session, after the U.S. military launched new strikes against Iran and as market data showed another large draw in U.S. crude stocks. The U.S. military’s strikes on Iranian targets followed a
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Dollar steadies following US strikes on Iran and ahead of inflation data
TOKYO, June 10 : The dollar held steady against major peers on Wednesday after the United States launched strikes against Iran, while investors awaited key U.S. inflation data for clues on the Federal Reserve’s policy path.The U.S. military on Tuesday launched strikes against Iran after President Donald Trump
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Cramer’s lightning round: Ondas ‘is a meme stock’
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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