Tag: Business
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Kadokawa, Japan’s ‘Elden Ring’ powerhouse, faces battle over CEO at shareholder meeting
TOKYO, June 23 : Kadokawa, the Japanese firm behind the dark epic “Elden Ring” video game franchise, is now facing a nightmare of its own: an activist shareholder who wants its CEO gone, wielding a big stake and proxy advisor support.The showdown will take place at Wednesday’s annual general meeting and is be
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Oil inches down as investors focus on Hormuz flows after peace talks
June 23 : Oil prices inched down on Tuesday, extending losses from the previous session, as investors looked for clearer signs of progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks.Brent crude futures fell 20 cents, or 0.3 per cent, to $77.70 a barrel and U.S. West
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Nissan shareholders reject appointment of external director Nagai to board
June 23 : Nissan Motor shareholders did not approve the appointment of long-serving outside director Motoo Nagai to the Japanese automaker’s board on Tuesday.
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Japan’s Katayama held talks with US Treasury’s Bessent on financial markets
TOKYO, June 23 : Japan’s finance minister Satsuki Katayama said on Tuesday she held an online meeting with U.S. Treasury Secretary Scott Bessent a day earlier to discuss global financial markets, as concerns mount over sharp currency swings.”We discussed the situation surrounding global financial markets, inc
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Dollar firms on hawkish Fed bets, oil rebound; yen near 40-year low
HONG KONG, June 23 : The U.S. dollar held firm on Tuesday as traders positioned for a more hawkish Federal Reserve and oil prices rebounded following steep losses, while the yen flirted with a four-decade low.U.S. Treasury yields remained elevated after a jump on Monday, with those on interest-rate-sensitive
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AI startup Baseten hits $13 billion valuation as Australia’s Blackbird makes record bet
SYDNEY, June 23 : Baseten, a California-based artificial intelligence startup co-founded by Australians, said it raised $1.5 billion in a funding round that valued the company at $13 billion, underscoring the surge of capital flowing into AI firms.The round was led by U.S.-based investors Sands Capital and We
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South Korea’s finance minister says current FX level ‘excessive’
SEOUL, June 23 : South Korea’s Finance Minister Koo Yun-cheol said at a cabinet meeting on Tuesday that the current foreign exchange level at around mid-1,500 won per U.S. dollar is “excessive” compared to the country’s fundamentals. Asked by South Korean President Lee Jae Myung about why the won is so weak d
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Oil gains after selloff, awaits progress on Strait of Hormuz flows
June 23 : Oil prices rebounded on Tuesday after a sharp fall the previous session supported by tempered optimism over U.S.-Iran peace talks, while investors awaited clearer signs of progress in restoring crude flows through the Strait of Hormuz.Brent crude futures gained 24 cents, or 0.38 per cent, to $78.15
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In South Korea, a job or partner at Samsung, SK Hynix is the new ‘A+’ catch
SEOUL, June 23 : The global AI boom has turned South Korean chipmaking giants SK Hynix and Samsung Electronics into stock market darlings. It has also thrust their employees into the top tier of the country’s highly competitive marriage market.South Korean matchmaking firms say people working at the firms are
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