Tag: Business
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Japan considers policy wording change as BOJ independence fears roil bonds
TOKYO, July 8 : Japan’s government is considering revising language on monetary policy in its economic blueprint, a draft obtained by Reuters showed, as market fears it is infringing on central bank independence push bond yields to multi-decade highs.The possible change highlights the balancing act facing Pri
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VEGOILS – Palm rebounds on stronger rival oils, crude oil prices
KUALA LUMPUR, July 8 : Malaysian palm oil futures rose on Wednesday, after the previous session’s slight decline, supported by stronger rival edible oils and crude oil prices. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.66 per cent,
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Japan’s ruling party plans tighter oversight of disclosures by activist investors
TOKYO, July 8 : Japan’s ruling party plans to propose stronger enforcement against suspected violations of shareholder disclosure rules by activist investors, including by providing more resources to the securities watchdog, a senior lawmaker told Reuters.The proposals come as Japan has become one of the worl
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Palm rebounds on stronger rival oils, crude oil prices
KUALA LUMPUR, July 8 : Malaysian palm oil futures rose on Wednesday, after the previous session’s slight decline, supported by stronger rival edible oils and crude oil prices. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 30 ringgit, or 0.66 per cent,
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OpenAI gets US approval for broad GPT-5.6 rollout, Axios reports
July 7 : The U.S. Department of Commerce has approved a broad launch of OpenAI’s advanced GPT 5.6 model, Axios reported on Tuesday, citing a person familiar with the matter. OpenAI expects to do a wide release of GPT 5.6 this week following additional testing and meetings between the company and government o
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Korean chip stocks rebound after overnight US selloff, as chip supply remains tight
SEOUL, July 8 : Shares of South Korean chipmakers Samsung Electronics and SK Hynix rebounded on Wednesday after early losses, as investors bought the dip following a sharp selloff fuelled by concerns over the sustainability of the AI-driven chip boom.Samsung rose as much as 1.4 per cent and SK Hynix climbed a
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Oil prices climb as US strikes on Iran fuel fears truce is unravelling
TOKYO, July 8 : Oil prices climbed nearly 2 per cent on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. The U.S. airstrikes were in response to Iranian a
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Australia’s Ioneer signs MoUs with S Korea’s KIND, Hyundai Engineering for lithium-boron project
July 8 : Australian lithium miner Ioneer said on Wednesday that it has signed separate non-binding memorandums of understanding with South Korea’s KIND and Hyundai Engineering to help advance its Rhyolite Ridge lithium-boron project.Here are some details:• Under the MOUs, Korea Overseas Infrastructur
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South Korea to closely watch risks around stock market volatility
SEOUL, July 8 : South Korea’s finance minister agreed on Wednesday with other economic policymakers to closely monitor risk factors that could heighten stock market volatility, the ministry said.Stock market volatility has increased recently on foreign and institutional selling for profit-taking and rebalanci
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South Korean chip stocks slide after overnight US selloff on AI boom concerns
SEOUL, July 8 : Shares of South Korean memory chipmakers Samsung Electronics and SK Hynix fell as much as 4.4 per cent and 5 per cent, respectively, in early morning trade on Wednesday, tracking a broad selloff in U.S. semiconductor stocks after investors grew increasingly concerned about the sustainability of the A
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