Tag: fast
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Cruz Hewitt sets sights on playing Australian Open after losing Wimbledon boys’ final
LONDON, July 13 : After being beaten by American Jordan Lee in Sunday’s Wimbledon boys’ final, Lleyton Hewitt’s son Cruz said his next goal is to make the men’s main draw of the Australian Open.Nearly a quarter of a century after his father won the Wimbledon title in 2002, Cruz lost 4-6 6-4 7-5 to…
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Shares skid in Asia as oil climbs on Gulf conflict
SYDNEY, July 13 : Share markets slid in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar rose with bond yields as investors narrowed the odds of a hike in interest rates
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Nippon Paint offers $8.6 billion for AkzoNobel decorative paints unit
July 13 : Nippon Paint has offered to buy AkzoNobel’s decorative paints business for €7.5 billion ($8.55 billion), the company said on Monday.Nippon Paint had previously sought to buy AkzoNobel’s entire business along with U.S.-based Sherwin-Williams for €12.5 billion, but the bid was rejected in May, aft
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SK Hynix sinks after Nasdaq debut amid profit-taking, easing earnings optimism
SEOUL, July 13 : SK Hynix shares dropped as much as 8.2 per cent in early Seoul trade on Monday as investors booked profit, after a high-profile U.S. listing saw the world’s leading AI memory chipmaker surge 12.8 per cent in its Nasdaq debut on Friday.The South Korean firm raised over $26 billion selling Amer
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Samsung Electronics to advance start of chip factory in Yongin to 2029
SEOUL, July 13 : Samsung Electronics said on Monday it aims to bring forward the start of operations of its chip fabrication site in the city of Yongin, south of Seoul, to 2029 from 2030-2031, as it seeks to keep up with surging demand for memory chips used in AI infrastructure.Last month, both Samsung and…
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Thailand probes deadly Bangkok bar fire as survivors report lack of rear fire escapes
Thai Prime Minister Anutin Charnvirakul said many victims were found at the restrooms at the back of the Rong Beer Na Lat Phrao bar.
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Meta to put AI chip into production in September as it looks to double computing capacity, memo shows
(Corrects figure in paragraph 11 to 2.5 gigawatts by end of year, not 5.5 gigawatts.)By Katie Paul, Max A. Cherney and Stephen NellisNEW YORK/SAN FRANCISCO, July 9 : Meta Platforms plans to start manufacturing an artificial intelligence chip from September as part of its plan to boost overall computin
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Nippon Paint offers $8.6 billion for Akzo Nobel unit, Bloomberg News reports
July 13 : Nippon Paint has made multiple offers for Akzo Nobel’s decorative paints business in the past month, including a proposal valuing the unit at 7.5 billion euros ($8.55 billion) last week, Bloomberg News reported on Sunday, citing people familiar with the matter. Reuters could not immediately verify
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Zverev says attacking approach can help bridge gap to Sinner and Alcaraz
LONDON, July 12 : Wimbledon runner-up Alexander Zverev will rise to second in the ATP world rankings on Monday and while Centre Court conqueror Jannik Sinner and Carlos Alcaraz are the dominant forces in men’s tennis, the German believes his new attacking strategy can help him close the gap.The 29-year-old w
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Shares slip in Asia as oil jumps on Gulf attacks
SYDNEY, July 13 : Share markets slipped in Asia on Monday as fighting intensified in the Gulf and Iran claimed to have closed the vital Strait of Hormuz, sending oil prices surging and rekindling inflation risks globally. The dollar gained with bond yields as investors nudged up the chance of a hike in intere
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