TOKYO, Oct 1 : Oil prices were nearly flat in early Asia trade on Thursday, following the previous day's gains and steep monthly rises, as investors assessed the outcome of US-Iran peace talks and the outlook for Middle East crude exports.Brent crude futures rose 12 cents or 0.1 per cent, to $98.15 a barrel b
SEOUL, Oct 1 : South Korea's factory activity grew in September at the strongest pace in four months, as export demand hit the fastest pace in 15-1/2 years led by the chip and auto sectors, a survey showed on Thursday. • The purchasing managers index (PMI), published by S&P Global, stood at 53.9 in Septembe
TOKYO, Oct 1 : Japan's manufacturing sector expanded at its weakest pace in six months in September as output and new order growth slowed, a business survey showed on Thursday.• The S&P Global Japan Manufacturing Purchasing Managers' Index (PMI) eased to 54.1 in September from 54.9 in August, a survey by S&
SEOUL, Oct 1 : South Korea has been ordered to pay US hedge fund Elliott about $48.49 million plus interest after a tribunal ruled the government's involvement in the 2015 merger of Samsung C&T and Cheil Industries was causally linked to Elliott's losses, Seoul's Justice Ministry said on Thursday.The remand t
SEOUL, Oct 1 : South Korea's exports jumped 83.5 per cent in September from a year earlier to post a record monthly high, customs data showed on Thursday. Semiconductor shipments, fuelled by global spending on artificial intelligence, also set a record.Data released by the customs office on Thursday showed ou
TOKYO, Oct 1 : Japanese business confidence improved in the three months to September, a quarterly central bank survey showed on Thursday, suggesting the economy was weathering the hit from the Middle East conflict and bolstering the case for more rate hikes.The data will be among factors affecting the Bank o
Sept 30 : The website used by ShinyHunters, the group that claimed responsibility for a recent hack of thousands of FBI agents' personal and sensitive data, went offline on Wednesday, a day after the group's deadline for the FBI to retract or modify a statement about the group's tactics and track record expired.
Sept 30 : Constellation Energy and Amazon.com on Wednesday announced a 20-year power purchase agreement that will support the expansion of the Calvert Cliffs nuclear plant in Maryland.Demand for nuclear energy is increasing as technology companies seek dependable sources of power for AI-driven computing infra
SEOUL, Oct 1 : South Korea officially unveiled comprehensive implementation plans on Thursday for three major energy initiatives in the US, advancing a $350 billion strategic investment package designed to secure critical exemptions from punishing US import tariffs. The two will launch a $22.3 billion gas-fi
SAO PAULO, Sept 30 : Brazilian digital lender Nubank said on Wednesday it is not pursuing a transaction with Monzo, after media reports had said Nubank was in early-stage talks to acquire the British digital bank.• In a securities filing, Nubank said it regularly evaluates opportunities that could support g
NEW YORK, Sept 30 : US stocks gyrated on Wednesday, caught in the tug-of-war of mixed signals. Cooler-than-expected inflation data tempered rate hike expectations from the Federal Reserve, while upbeat GDP, consumer spending and private payrolls data underscored US economic resilience. Even so, rising crude p
Sept 30 : Micron Technology forecast quarterly revenue above estimates on Wednesday, signaling it expects the AI-driven memory chip boom to continue powering its growth.The generative AI boom has made high-bandwidth memory essential for data centers, benefiting companies such as Micron, a key supplier to Nvi
SAN FRANCISCO, Sept 30 : Alphabet's Google on Wednesday announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.The new model, "Argon", is larger in size than Google's previous line of advanced
Sept 30 : Automaker Toyota Motor will invest $1.34 billion to develop a production plant in Argentina, Economy Minister Luis Caputo said on Wednesday.The plant will produce a fully electric vehicle, Caputo said, and is expected to generate $1.28 billion in annual exports and create over 2,600 jobs during its
SAN FRANCISCO/NEW YORK, Sept 30 : Anthropic is planning what could be the largest initial public offering in history. But if AI continues on its current trajectory, humans may not be around much longer to enjoy it. That and other paradoxes flow through the roughly 300-page initial public offering prospectus
SAN FRANCISCO, Sept 30 : Synopsys, a maker of software used in designing computing chips, said on Wednesday that it has struck a deal to share revenue with OpenAI as the two develop an AI model for the chip business.GPT-Synopsys, as the model will be called, will be specifically trained and tuned to take on c
Sept 30 : Data center infrastructure firm Accelevation fell 2.5 per cent in its Nasdaq debut on Wednesday, after pricing its IPO below its marketed range, signaling that investors are turning cautious on the AI story as spending uncertainty looms. Accelevation provides power distribution, cooling, structural
BRUSSELS, Sept 30 : Alphabet's Google has asked an EU court to suspend EU regulators' order to open up its trove of search data to OpenAI and rival search engines as it steps up its fight against landmark rules aimed at reining in the power of Big Tech.The company, which on Tuesday took the European Commissio
PARIS, Sept 30 : The European Securities and Markets Authority said on Wednesday that European regulators should be given more powers to help them enforce crypto rules, and that ESMA should be able to tell crypto companies to freeze crypto assets when they have reasonable grounds to suspect that they are linked to c
NEW YORK/MILAN, Sept 30 : Stocks on Wall Street and two-year US Treasury prices rose on Wednesday, pushing yields lower as expectations that the Federal Reserve will hike interest rates next month decreased after softer-than-expected inflation data.Long-dated yields were still higher, however, as global bonds
Sept 30 : ElevenLabs said on Wednesday it had completed a $300 million employee tender offer valuing the AI voice generation startup at $22 billion, twice the valuation it secured in its February funding round.The tender was led by Wellington and T. Rowe Price, with participation from existing backers such as
ZURICH, Sept 30 : The Swiss National Bank is cautious about the use of digital stable coins, because the technology could make the transmission of monetary policy more difficult, governing board member Petra Tschudin said on Wednesday."When we introduce innovations, we really need to ask what consequences the
Sept 30 : New World Development said on Wednesday its cash crunch had eased further after expanding a loan facility by around HK$1 billion ($127.45 million) and terminating operating rights for a shopping mall next to the Hong Kong airport.The Hong Kong property developer, the most heavily indebted among its
Sept 30 : When a bird lunges at a butterfly in mid-flight, it may see something that is not there — the insect's wings flashing beneath may not be moving where they appear to be moving. By the time the predator realizes the illusion, the butterfly already may have escaped. Researchers studying this natural
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