Tag: Business
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Dollar holds two-month high on rate hike bets, yen slides
HONG KONG, June 18 : The U.S. dollar clung to a more than two-month high on Thursday after a hawkish hold triggered rate-hike bets despite a U.S.-Iran deal, while the yen weakness drew fresh verbal warnings from Japanese officials.The U.S. central bank held rates steady in a 3.50 per cent-3.75 per cent range
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JPMorgan Chase cuts off Anthropic access for its Hong Kong staff, FT reports
June 18 : JPMorgan Chase has stopped its staff in Hong Kong from accessing Anthropic’s AI models, in a sign of intense scrutiny on the technology’s use outside the U.S., the Financial Times reported on Thursday, citing three people familiar with the matter. Reuters could not immediately verify the repor
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Exclusive-UK in advanced talks with Nissan over Sunderland plant support, sources say
TOKYO/LONDON, June 18 : The British government is in advanced talks with Japanese carmaker Nissan about providing it financial support in return for a long-term commitment and investment in its Sunderland plant, five sources with knowledge of the discussions said. Any funding for the struggling automaker wil
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Trump says Apple to work with Intel to manufacture chips in US
June 18 : U.S. President Donald Trump said in a Truth Social post on Thursday that Apple had agreed to work with Intel to design and build its chips in the United States.Intel had reached a preliminary deal to make some chips for Apple, following discussions that went on for more than a year, the…
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Drone strikes beyond the battlefield pump up market for technology to repel them
BERLIN, June 18 : Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for radars, jammers and defensive craft to defend airports and infrastructure against new aerial threats.Drone technology has caused upheaval at airports for years,
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China to return as a major oil buyer in August, JPMorgan says, naming its top stock picks
The pullback in oil imports by the world’s largest oil importer has helped absorb the global energy shock and cap the surge in oil prices since the war began.
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Japan vows to act ‘any time’ on yen as markets brace for intervention
TOKYO, June 18 : Japan is ready to respond appropriately to exchange-rate moves at any time, the government’s top spokesperson said on Thursday as the yen’s renewed slide tests Tokyo’s resolve to prop up the sagging currency.”We are ready to respond appropriately to currency moves as needed at any time,” Chie
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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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