Tag: fast
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South Korea October 1-20 exports surge 105% on record chip sales
SEOUL, Oct 21 : South Korea’s exports surged 105.4 per cent in the first 20 days of this month from a year earlier, led by record chip sales driven by global AI investment, customs data showed on Wednesday. On a working-day average basis, exports were up 65.9 per cent at a record $4.74 billion.Exports
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Oil rises on Middle East supply worries
BEIJING, Oct 21 : Oil prices edged higher on Wednesday on Middle East supply concerns, with traders wary of Red Sea shipping risks and threats to oil infrastructure in Saudi Arabia.Brent crude futures rose 85 cents, or 0.78 per cent, to $109.64 per barrel as of 0022 GMT. US West Texas Intermediate (WTI) crude
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Japan shifting to wage-driven inflation phase, finance minister says
TOKYO, Oct 21 : Japan’s economy is seeing price rises driven by higher import costs and on the cusp of shifting to a period of sustained inflation driven by rising wages, Finance Minister Satsuki Katayama said on Wednesday.The government’s scheduled consumption tax cut and payouts are aimed at cushioning the
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Lutnick announces investment to boost semiconductor production in North Carolina
Oct 20 : US Commerce Secretary Howard Lutnick on Tuesday announced a new investment in North Carolina by Sibelco, an industrial minerals mining and processing company, to support semiconductor production.”We’re announcing Sibelco is going to build silicon manufacturing. It’s quartz manufacturing. It is basica
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AI data center projects boost US warehouse demand and rents, real estate company JLL says
LOS ANGELES, Oct 20 : AI data center construction projects, particularly near Dallas/Fort Worth and Washington, DC, are generating new demand for warehouse space and helped send rents higher in the third quarter, real estate services company JLL said on Tuesday.• Companies like Alphabet, Microsoft, Meta an
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Football regulator has ‘absolute power’ to force club owners to sell, says Kogan
MANCHESTER, England, Oct 21 : England’s new football regulator has the power to order a club owner to sell and could launch its own investigation once Manchester City’s appeal against a verdict that it committed 114 breaches of Premier League financial rules is resolved, its chair David Kogan said.Kogan, chai
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Actress Christina Applegate says her doctor told her she was misdiagnosed with MS
“I’m back at square one where I don’t know what’s going on with me,” Applegate said on the latest edition of her podcast MeSsy.
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Japan September exports rise 16.7% y/y, slower than forecast
TOKYO, Oct 21 : Japanese exports in September rose 16.7 per cent year-on-year, up for a 13th straight month, data from the Ministry of Finance showed on Wednesday.The result compared with a 20.1 per cent increase expected by economists in a Reuters poll.Imports grew 18.9 per cent in September from a ye
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Netflix co-CEO Sarandos says ‘we could do better’ after weak forecast
LOS ANGELES, Oct 20 : Netflix issued weaker-than-expected guidance for fourth-quarter profit and cut its full-year advertising forecast on Tuesday, days after the streaming pioneer laid off 6 per cent of its workforce and replaced two of its top programming executives.Shares of Netflix fell nearly 6 per cent
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