Tag: Business
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Japanese investors make biggest foreign stock exit in five years in May
June 8 : Japanese investors sold foreign stocks at the fastest pace in about five years in May, as caution over Middle East hostilities and concerns that a tech-driven market rally had run too far weighed on sentiment.They sold foreign stocks of a net 2.72 trillion yen ($16.98 billion) during the month as the
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Weight loss drug maker sinks 25% after new safety data spooks investors
While the experimental drug met its key targets, analysts are concerned over the commercial opportunity due to side effects.
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Panasonic to start US data centre battery production by fiscal 2028
TOKYO, June 8 : Panasonic Holdings said on Monday it plans to start mass production of battery cells for data centre applications at a plant in the U.S. state of Kansas in the financial year 2028, which ends March 2029.Here are some details:• The company said it would allocate about 350 billion yen (
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Oil prices climb more than $4 after Israeli strikes on Iran and Lebanon
PERTH/ BEIJING, June 8 : Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose $4.42 or 4.47 per cent to $97.15 a barrel as of 0609 GMT, while U.S. crude futures were up…
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South Korea’s KOSPI craters over 8% as Fed fears spark tech rout
SEOUL, June 8 : South Korea’s stock benchmark plunged over 8 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally.The KOSPI fell 8.3 per cent to close at 7,
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Nvidia clinches deals with South Korean giants including SK Group to advance AI boom
SEOUL: Nvidia on Monday (Jun 8)announced a series of deals in South Korea with tech giants including SK Hynix and Naver, as it looks to secure crucial memory chips to power its AI ambitions and entice new customers.The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea that b
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Indonesia issues technical regulations to centralise coal, palm oil, ferroalloy exports
JAKARTA, June 8 : Indonesia’s Trade Ministry published technical regulations on Monday to bring coal, palm oil, and ferroalloy exports under the control of a central government-owned firm. All three technical regulations have been in effect since June 1, with exporters of those commodities now obliged to repo
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Oil prices climb more than $3 after Israeli strikes on Lebanon
PERTH/ BEIJING, June 8 : Brent oil prices jumped more than $3 a barrel on Monday, initially spooked by Israel’s launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran.Sounds of blasts were heard – in Tehran, Tabriz and Isfahan, local me
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Nvidia CEO says company is working with LG on humanoid robots and data centers
SEOUL, June 8 : Nvidia CEO Jensen Huang said on Monday that it is partnering with South Korea’s tech conglomerate LG Group on humanoid robots and data centers.”We are working with them in motor technology as well as mechanical systems so that we can bring together humanoid robotics and the future of robotics,
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Japanese firms field record proposals from activists at this year’s shareholder meetings
TOKYO, June 8 : Activist investors have made a record number of proposals to Japanese firms for shareholders to vote on at annual general meetings this month, including growing calls for company executives to step down.Fuelling the boom has been multi-year prodding of Japanese companies by regulators and the
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