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Lotte Chemical to sell Pakistan unit’s stake for $156M

Jan 18, 2023 08:23 am UTC| Business Economy

Lotte Chemical Corp. revealed its intention to sell its entire stake in its business unit in Pakistan called Lotte Chemical Pakistan Ltd. (LCPL). The Seoul headquartered chemical company and subsidiary of the Lotte Group...

Netflix unveils biggest Korean content lineup with 34 new titles

Jan 18, 2023 07:56 am UTC| Business Economy

Netflix streaming giant revealed its plan to roll out its biggest Korean content lineup this year. The company said in its announcement this week that as the fandom for K-content continues to grow around the world, it is...

애플 코리아, 작년 매출 7조3000억원...전년 대비 소폭 증가

Jan 18, 2023 02:48 am UTC| Economy

원본 기사 : Apple Koreas sales up 3.3% to 7.3 trillion won 지난해 애플 코리아 매출이 59억 달러(한화 약 7조3000억원)으로 소폭 증가했다. 16일 공개된 자료에 따르면 애플 코리아는 2021년 10월 1일부터 2022년 9월 30일까지...

Asahi tops Japanese brewers in increased sales in 2022

Jan 17, 2023 23:04 pm UTC| Life Economy Business

Asahi Breweries Ltd logged a 10 percent rise in sales, replacing Kirin as the top-selling Japanese brewery. Three of four major Japanese brewers posted a rise in sales of beer and beer-like drinks in 2022 from a year...

Eisai, Biogen apply for Alzheimer's drug approval in Japan

Jan 17, 2023 23:04 pm UTC| Health Economy Business Science

Eisai Co. and Biogen Inc. hope to gain approval with the Japanese health ministry by the end of the year of an Alzheimers drug that could both treat the cause and slow symptom progression. The U.S. Food and Drug...

MLB store to open in Malaysia, following Cambodia and Singapore forays

Jan 17, 2023 23:04 pm UTC| Sports Economy Business

The MLB (Major League Baseball) will open its first brick-and-mortar store in Malaysia at IOI City Mall in Putrajaya in partnership with local distributor Valiram Group as it further expands in Southeast Asia. The...

Apple Korea’s sales up 3.3% to 7.3 trillion won

Jan 17, 2023 22:58 pm UTC| Technology Economy Business

Apple Korea logged $5.9 billion in sales from October 1, 2021, to September 30, 2022, up 3.3 percent from the $5.7 billion it recorded from the previous one-year period. However, net income for the period was $91.3...

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Economy

Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes

Brent crude oil prices have tumbled more than 11% this week after the United States and Iran agreed to a two-week ceasefire, raising hopes that the Strait of Hormuz one of the worlds most critical oil shipping lanes ...

Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates

Bank of Japan Governor Kazuo Ueda reaffirmed on Thursday that Japans real interest rates remain firmly in negative territory, signaling that the countrys financial conditions continue to support economic growth. His...

Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions

Japans consumer confidence took a significant hit in March, declining for the first time in three months as escalating fuel costs linked to the ongoing Middle East conflict continued to weigh heavily on the countrys...

China Set to Exit Deflation Cycle in Early 2026, ANZ Analysts Say

China may be closer to ending its prolonged deflationary period than financial markets currently anticipate, according to a recent note from ANZ analysts. The bank projects that three key price indicators the producer...

Asian Currencies Hold Steady as Middle East Ceasefire Doubts Weigh on Markets

Asian currencies showed little movement on Thursday following strong gains in the prior session, as investor caution mounted over the stability of a U.S.-Iran ceasefire deal amid escalating Middle East tensions. The U.S....

Politics

Trump Warns Iran: No Deal Means Military Action as U.S. Forces Hold Position

President Donald Trump escalated tensions with Iran on Wednesday, declaring that all U.S. military assets including ships, aircraft, and personnel would remain stationed in the region until a formal agreement with Tehran...

U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home

Treasury Secretary Scott Bessent is calling on Congress to pass landmark federal cryptocurrency legislation, warning that regulatory uncertainty is pushing blockchain innovation and investment out of the United States. In...

North Korea Tests Advanced Cluster Bombs, Electromagnetic Weapons in Latest Military Display

North Korea has conducted a series of weapons tests this week, showcasing cutting-edge military technology including cluster-bomb warheads, electromagnetic weapons, and carbon-fibre bombs, according to state media outlet...

Trump Pardon Clears Juan Orlando Hernández as U.S. Court Dismisses Drug Conviction Appeal

A U.S. federal appeals court has dismissed the case against former Honduran President Juan Orlando Hernández, vacating his prior conviction following a presidential pardon granted by Donald Trump in December. The...

Taiwan Defense Budget: U.S. Senator Urges Legislature to Pass Spending Plan

Republican Senator Jim Banks visited Taipei and delivered a direct message to Taiwans President Lai Ching-te: the islands parliament must stop stalling and approve a proposed special defense budget. Banks, a member of the...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth

Bank of America has spotlighted a select group of Asia-Pacific semiconductor companies well-positioned to ride the wave of surging artificial intelligence chip demand, with Taiwan Semiconductor Manufacturing Company...

China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs

Chinese artificial intelligence stocks continued their remarkable rally on Thursday, with Zhipu AI and MiniMax Group posting strong gains in Hong Kong trading as a wave of new model launches and product announcements...

Bendigo and Adelaide Bank Posts Strong Q3 Earnings, Announces AI-Driven Job Cuts

Bendigo and Adelaide Bank delivered an impressive financial performance in its third quarter, reporting a 12.8% surge in cash earnings to A$137.9 million for the three months ending March 31. The result came in roughly 12%...

Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses

Alibabas Hong Kong-listed shares (HK:9988) dropped 2.9% to HK$122.70 on Thursday, emerging as one of the heaviest drags on the Hang Seng Index, which closed 0.6% lower. The selloff came after investment bank Jefferies...

Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles

A federal appeals court in Washington, D.C., has refused to halt the Pentagons national security blacklisting of AI company Anthropic, delivering a temporary win for the Trump administration. The ruling comes as another...
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