Tag: Business
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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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Oil prices extend decline on expectations of smoother crude flows via Hormuz
TOKYO, June 24 : Oil prices fell on Wednesday, extending this week’s losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are set to move out of the Strait of Hormuz. Brent crude futures were down…
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Samsung Electronics plans 90 trln won share buyback, Yonhap reports
SEOUL, June 24 : Samsung Electronics plans a share buyback programme worth 90 trillion won ($58.61 billion) after agreeing to give a bonus in stock to employees following recent wage talks, the Yonhap News Agency reported on Wednesday. The memory-chip maker will soon announce details on the plan, Yonhap said
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Google’s YouTube settles case over social media harm to children
June 23 : Google’s YouTube has settled a lawsuit brought by a minor who claimed the platform damaged his mental health, his lawyers said Tuesday, ahead of a second California trial over social media’s role in the youth mental health crisis.The terms of the settlement of the state court lawsuit were confidenti
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MSCI keeps South Korea at emerging market status, cites FX accessibility
SEOUL, June 24 : Global index provider MSCI kept South Korea in its emerging-market category, citing long-standing accessibility issues related to the onshore foreign exchange market in its annual market-classification review. “The Korean won is not deliverable offshore. Even more concerning, onshore liquidit
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