WASHINGTON: The US trade deficit in July widened to its largest since March 2025, government data showed yesterday, as imports climbed on the back of the booming AI tech build-out. US trade has seen wide fluctuations since President Donald Trump returned to the White House last year and rolled […]
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HONG KONG: The U.S. dollar held flat near a one-week high against major peers on Friday, as investors stood on the sidelines ahead of Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium for clues on his policy outlook. The euro and sterling were subdued near one-week lows […]
HONG KONG: Technology stocks were back in the crosshairs of investors on Wednesday (Aug 19), taking another heavy blow from a spike in bond yields, rising oil prices, persistent inflation and dimming hopes for a deal to reopen the Strait of Hormuz. The selloff tracked losses on Wall Street, where […]
TOKYO: Japan’s benchmark bond yield is on the brink of hitting 3 per cent for the first time since the mid-1990s, highlighting how inflation, rising fiscal concerns and monetary policy expectations are reshaping a market long defined by low interest rates. A 10-year Japanese government bond yield at 3 per […]
Meta said on Wednesday one of its AI models hacked another company during cybersecurity testing, fanning concerns about how developers can contain increasingly capable AI systems after similar incidents at rivals Anthropic and OpenAI. The incidents at Meta and Anthropic stemmed from configuration errors that inadvertently gave Anthropic’s models access […]
TOKYO: Oil prices slipped on Thursday as investors assessed whether progress in Iran-Oman talks could pave the way for a U.S.-Iran peace deal to end the five-month war and reopen the Strait of Hormuz. Brent crude futures fell 37 cents, or 0.5 per cent, to $79.08 a barrel by 0024 […]
TOKYO: Japan has seen only moderate rises in consumer prices so far with the pass-through of higher costs from the Middle East conflict remaining limited, Economy Minister Minoru Kiuchi said on Tuesday, offering a sanguine view on inflationary risks. The assessment contrasts with that of the Bank of Japan, which […]
Oil prices rose more than 1.5 per cent to their highest in more than six weeks on Thursday (Jul 23), with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting oil tankers in the Red Sea. Brent crude futures rose US$1.93, or 2 per […]
SEOUL: Samsung Electronics said on Tuesday it will set up a robotics division reporting directly to the chief executive to accelerate development and commercialisation in the field and establish robotics as a growth engine. The South Korean conglomerate said the RX, or “Robotics eXperience”, division will oversee its mid-to-long-term robotics […]
Micron Technology on Thursday signed long-term agreements with automotive suppliers, including chip designer Qualcomm and audio products maker Harman, to secure memory and storage components that powers AI-enabled vehicles. The agreements come as the industry races to expand manufacturing capacity to meet the booming demand for memory chips due to […]