Tag: Business
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Samsung Group to unveil $648 billion South Korea investments, including for chip plants, report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday.The investment, which would include AI data c
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Core inflation in Tokyo accelerates as energy-driven price pressures begin to broaden
TOKYO, June 26 : Annual core inflation in Japan’s capital accelerated in June, data showed on Friday, a sign of broadening price pressures from the Middle East conflict that keeps the central bank on track to consider further raise interest rates.”The impact of the Middle East situation is spreading primarily
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South Korea to lower fuel price caps, finance minister says
SEOUL, June 26 : South Korea will lower its cap on fuel prices as part of efforts to curb inflation pressure, the finance minister said on Friday. “We kept the sixth fuel cap price unchanged this week due to uncertainty of the Middle East situation, but the seventh cap will be lower than the current…
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Oil edges lower amid resumption of strait shipments even as vessel hit near Oman
BEIJING, June 26 : Oil prices fell on Friday morning and are heading for steep weekly losses amid easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell 19 cents, or 0.25 per cent, to $75.07 a barrel…
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Samsung to announce $648 billion investments in South Korea, media report says
SEOUL, June 26 : Samsung Group will announce on Monday plans to invest 1,000 trillion won ($647.53 billion) in South Korea over 10 years, including a potential 300 trillion won to build chip factories in the southwest of the country, a media report said on Friday. The announcement will be made at a meeting w
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Tokyo June core CPI rises 1.6% yr/yr
TOKYO, June 26 : Core consumer prices in Tokyo rose 1.6 per cent in June from a year earlier, government data showed on Friday.The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists’ median estimate for a 1.6 per cent annual ri
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Core inflation in Tokyo stays below BOJ target for fifth month
TOKYO, June 26 : Annual core inflation in Japan’s capital accelerated in June, data showed on Friday, a sign of broadening price pressures from the Middle East conflict.The data will be among the factors the Bank of Japan will scrutinise at next month’s policy meeting, when the board will conduct a quarterly
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Always-on won: dealers fret about risks in landmark shift to 24-hour trading
SEOUL, June 26 : Over an 18-year career trading currencies in Seoul, Namkoong Taehun was on the front lines of the collapse of Lehman Brothers, the post-Brexit plunge in the pound, and the won’s dramatic tailspin after South Korea’s 2024 martial law decree.Now his job will be stretched around the clock as Sou
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BHP-backed I-Pulse wins $250 million US CHIPS award for silicon-carbide semiconductors
June 25 : Mining giant BHP-backed I-Pulse said on Thursday it had signed an agreement with the U.S. Department of Commerce for a $250 million award to advance its semiconductor and pulsed-power technology.The award from the department’s CHIPS Research and Development Office is aimed at supporting U.S. semicon
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OpenAI leans toward waiting until next year for IPO, NYT reports
June 25 : OpenAI is considering holding off on its public debut until next year, the New York Times reported on Thursday, citing three people involved in the company’s deliberations.The AI startup, which has confidentially filed for a U.S. initial public offering, is targeting a valuation of up to $1 trillion
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