Tag: Business
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Thailand’s June headline CPI up 2.42% y/y, below forecast
BANGKOK, July 6 : Thailand’s headline consumer price index rose by 2.42 per cent in June from a year earlier, following an annual rise of 2.79 per cent the previous month, the commerce ministry said on Monday.• The reading compared with a forecast increase of 2.79 per cent in a Reuters poll, and was inside
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Shares edge higher in Asia as oil dips, earnings loom
SYDNEY, July 6 : Asian share markets were mostly firmer on Monday, as Wall Street futures started the week with gains on hopes for an upbeat earnings season, while easing oil prices promised relief from inflationary pressures.While there were no new developments in the fractious U.S.-Iran peace talks, ships a
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South Korea’s SK Hynix to launch $28 billion US listing to ride global AI wave
July 6 : South Korean chipmaker SK Hynix will on Monday launch its about $28 billion U.S. listing, according to its regulatory filings, in one of the world’s largest new share sales as it capitalizes on the global AI boom.The company will sell 17.79 million new shares in the depository receipt listing on the
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Record wave of IPO lock-up shares to hit Hong Kong market
HONG KONG, July 6 : Shares in some of Hong Kong’s hottest new listings are set to hit the market this week in an unprecedented wave of lock-up expirations, which brokers say could create an overhang on the city’s already struggling stock market.• Knowledge Atlas Technology will see 25.6 million shares freed
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South Korea starts 24-hour trading of dollar-won
SEOUL, July 6 : South Korea launched its historic 24-hour onshore spot dollar-won trading system on Monday as part of efforts to broaden currency convertibility as it aims to win an upgrade to developed market status on the MSCI global index. The onshore market opened at 6 a.m. on Monday (21:00 GMT Sunday) an
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Samsung likely to post 18-fold jump in profit on surging AI demand for memory
SEOUL, July 6 : Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold to another record high from a year earlier in the second quarter, as AI growth continues to strain memory supply and push chip prices higher. On Tuesday, the world’s largest memory chipmaker by sales is
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Delta pilot says ‘big bang’ felt after flight apparently hit by fireworks while landing in Chicago
Skip NavigationMarketsBusinessInvestingTechPoliticsVideoWatchlistInvesting ClubPROLivestreamMenuFourth of July Fireworks in ChicagoRobert Holmes | Corbis Historical | Getty Images A Delta Air Lines flight and a high-flying firework reportedly
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For one small business, AI was key to a quick start and expansion
WASHINGTON, July 4 : Here Now Health isn’t an AI-based company, but its quick path from an idea in founder Michelle Turner’s mind to an operating mental health platform for foster children relied deeply on the technology now restructuring the U.S. economy.Working from her Virginia Beach home, she used AI tool
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SK Hynix considering 0.5% fee payout in ADR offering, Bloomberg News reports
July 4 : SK Hynix is considering paying about 0.5 per cent of the proceeds from its U.S. listing to banks working on the deal, Bloomberg News reported on Saturday citing people familiar with the matter. • The South Korean chipmaker has indicated it could issue up to 2.5 per cent of its outstanding share
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Fermi CEO Neugebauer suspends proxy campaign after judge’s recusal
July 3 : Toby Neugebauer, the co-founder and largest shareholder of energy and data center development company Fermi, said on Friday he has suspended his proxy campaign to call a special meeting after a Texas Business Court judge recused himself shortly before a scheduled hearing, disrupting the timetable for a st
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