Tag: Business
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Oil little changed as supply concern lingers amid Houthi attacks on Saudi Arabia
Oct 23 : Oil prices were little changed in early Asian trade on Friday, after rising 4 per cent to a five-month high in the previous session due to concern of further energy supply disruption after Houthi attacks on top exporter Saudi Arabia.Brent crude futures was down 21 cents, or 0.2 per cent, at $112.96…
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SK Hynix says Solidigm suspends review of US IPO, citing market volatility
SEOUL, Oct 23 : South Korean chipmaker SK Hynix said on Friday that it had suspended its review of a US initial public offering for its Solidigm subsidiary, citing financial market volatility and share price trends.South Korea’s financial regulator said earlier this week that the listing could run afoul of t
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Japan is not yet officially out of deflation, economy minister says
TOKYO, Oct 23 : Japan has yet to see conditions met for the government to officially declare an end to deflation, Economy Minister Minoru Kiuchi said on Friday.The government’s decision on whether to declare an end to deflation will take into account various factors to ensure Japan will not revert to periods
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Japan manufacturing growth slows to 7-month low in October, PMI shows
TOKYO, Oct 23 : Japan’s manufacturing sector expanded at its slowest pace in seven months in October as output and new order growth eased, a business survey showed on Friday.• The flash S&P Global Japan Manufacturing Purchasing Managers’ Index (PMI) fell to 53.3 in October from 54.1 in September. A reading
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Microsoft develops AI tool that can diagnose ‘sequentially’ like a doctor
Oct 22 : Microsoft researchers say an AI tool that diagnoses patients step by step, as doctors do, was more than twice as accurate as general physicians at solving complex medical cases, according to a study published on Thursday in Science.The model identifies and coordinates the questions that should be ask
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HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs
SEOUL, Oct 23 : HD Hyundai Co said on Friday it has signed a deal with Kiewit Corp to build an advanced US shipyard next year, with operations expected to begin in 2029 and create about 3,000 domestic jobs.The new shipyard is expected to boost U.S. shipbuilding capacity and help revive the industry, Hyundai s
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SK Hynix says Solidigm drops plan for US IPO amid market volatility
SEOUL, Oct 23 : South Korean chipmaker SK Hynix said on Friday that it decided against a US initial public offering for its Solidigm subsidiary, citing financial market volatility and recent share price trends.SK Hynix said in a statement it would continue to explore ways to fund Solidigm’s expansion and enha
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SpaceX seeks access to 80,000 US cell sites for wireless network, Bloomberg News reports
Oct 22 : SpaceX is in talks with cellular infrastructure companies to secure access to at least 80,000 sites across the United States, Bloomberg News reported on Thursday, citing people familiar with the matter.The agreements would potentially solidify the company’s path toward building a fourth nationwide wi
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Japan core inflation exceeds BOJ target, cements near-term rate hike chance
TOKYO, Oct 23 : Japan’s annual core consumer inflation exceeded the central bank’s 2 per cent target in September for the first time in nine months, data showed on Friday, a sign of broadening price pressure that cements the case for a near-term interest rate hike.The figures underscored how higher fuel costs
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SK Hynix drops US IPO plan for Solidigm, newspaper reports
SEOUL, Oct 23 : South Korean chipmaker SK Hynix has decided not to pursue a US initial public offering of its subsidiary Solidigm, South Korean newspaper Korea Economic Daily reported on Friday, citing unnamed industry sources.SK Hynix did not have an immediate response to a request for comment. The ne
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