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Thu, Jan 08, 2026 08:56 AM All times are UTC

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Central Banking Series

RBA starts three-year countdown to lift in interest rates

Jul 06, 2021 08:55 am UTC| Economy Central Banks

In line with expectations, the Reserve Bank of Australia has announced it will keep official interest rates on hold at 0.10%. But is also ready to start tapering off its unconventional monetary policy measures...

Vitasoy shares plunge amid boycott calls after Hong Kong cop stabbing incident

Jul 06, 2021 00:49 am UTC| Economy Business

Vitasoy International Holdings Ltd. shares tumbled 15 percent after the stabbing of a Hong Kong policeman on July 1 that led to online calls for a consumer boycott in China. A topic on Weibo entitled Get out of...

S. Korea's defense stocks surge in response to China Xi's threatening speech

Jul 06, 2021 00:30 am UTC| Economy

Shares of South Korean jet fighter, aircraft engine, and weapon system manufacturers soared Monday after Chinese leader Xi Jinping threatening announcement. Xi said that China would never allow any foreign force to...

Naver to complete construction of world’s first robot-friendly building in H2

Jul 06, 2021 00:21 am UTC| Economy Business

South Koreas tech giant Naver Corp. will complete onstructing the worlds first-ever robot-friendly building in Seongnam city in the second half of this year. To be equipped with artificial intelligence (AI), cloud...

S. Koreans still prefer investing in real estate

Jul 05, 2021 23:52 pm UTC| Economy Business Real Estate

South Koreans appetite for nonfinancial assets such as real estate is still high compared to other major economies, although their stock investments increased during the pandemic. As of 2019, financial assets account...

S. Koreans favored Tesla, Apple, AMC among foreign stocks in H1

Jul 05, 2021 23:46 pm UTC| Economy Business

South Koreans bought mostly Tesla, Apple, and AMC Entertainment among foreign stocks in the first half of the year. Tesla drew $9.6 billion orders from South Korean investors from January to June, topping the list of...

Starbucks Japan to offer 47 Frappuccinos representing each prefecture

Jul 05, 2021 23:31 pm UTC| Economy Business

Starbucks Coffee Japan will offer 47 new Frappuccino drinks for each prefecture, made with local ingredients to celebrate the 25th anniversary of its first foray into Japan. The Seattle-based coffee chain unveiled its...

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Economy

Japanese Chemical Stocks Slide as China Launches Anti-Dumping Probe into Chipmaking Material

Shares of major Japanese chemical manufacturers declined sharply on Thursday after China announced the launch of an anti-dumping investigation into imports of dichlorosilane, a critical material used in semiconductor and...

Trump Proposes $1.5 Trillion U.S. Military Budget for 2027, Fueling Defense Stock Rally and Fiscal Concerns

President Donald Trump said Wednesday that he wants the 2027 U.S. military budget to reach $1.5 trillion, a dramatic increase from the $901 billion defense budget approved by Congress for 2026. The proposal immediately...

Asian Currencies Trade Mixed as Dollar Firms Ahead of Key U.S. Jobs Data

Asian currencies traded in a narrow, mostly weaker range on Thursday as the U.S. dollar found modest support ahead of a closely watched U.S. labor market report due later this week. Investors across the foreign exchange...

Asian Stock Markets Slip as Wall Street Weakness Weighs, South Korea Hits Record on Samsung Rally

Most Asian stock markets moved lower on Thursday, tracking a weaker overnight close on Wall Street, as investors engaged in profit-taking after recent global equity record highs. However, South Korean equities stood out,...

RBA Deputy Governor Says November Inflation Slowdown Helpful but Still Above Target

A senior official at the Reserve Bank of Australia (RBA) has said the recent slowdown in consumer price inflation is a positive development, but stressed that inflation remains uncomfortably high and above the central...

Politics

Steny Hoyer Announces Retirement, Ending Historic Career in U.S. House

Democratic Congressman Steny Hoyer has announced that he will not seek reelection, bringing an end to a distinguished career in the U.S. House of Representatives that has spanned more than four decades. The Washington Post...

Trump to Attend World Economic Forum in Davos with Senior U.S. Officials

U.S. President Donald Trump is set to attend the 2026 World Economic Forum (WEF) in Davos, Switzerland, marking his first in-person appearance at the annual global gathering since returning to the White House for a second...

Chevron Seeks Expanded U.S. License to Boost Venezuelan Oil Exports Amid Sanctions Talks

U.S. oil major Chevron is reportedly in discussions with the U.S. government to expand a crucial license that would allow it to increase crude oil exports from Venezuela, according to sources close to the negotiations. The...

U.S. DOT Withholds $160 Million From California Over Commercial Driver’s License Dispute

The U.S. Department of Transportation (USDOT) announced it is withholding $160 million in federal transportation funding from California, citing the states failure to cancel more than 17,000 improperly issued commercial...

Trump Administration Eyes Control of Venezuela’s Oil Industry to Push Prices Toward $50 a Barrel

The Trump administration is reportedly developing a far-reaching plan to exert long-term influence over Venezuelas oil industry, with the strategic goal of lowering global crude prices to around $50 per barrel, according...

Science

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Technology

SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally

Shares of South Korean memory chip giant SK Hynix surged to a fresh all-time high on Thursday, reflecting growing investor optimism around booming demand for artificial intelligence (AI) memory products and a strengthening...

OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook

OpenAI has reportedly established a massive $50 billion employee stock grant pool, a move that underscores the companys aggressive strategy to attract, retain, and reward top talent as it continues to scale its artificial...

Ford Targets Level 3 Autonomous Driving by 2028 with New EV Platform and AI Innovations

Ford Motor Company has announced plans to bring Level 3 driver-assistance technology to market by 2028, marking a significant step toward hands-free and eyes-off driving on select highways. The advanced system will allow...

Samsung Forecasts Strong Q4 Profit on AI-Driven Memory Chip Boom

Samsung Electronics Co Ltd (KS:005930) surprised markets by forecasting a stronger-than-expected fourth-quarter operating profit, driven by surging global demand for memory chips fueled by artificial intelligence. The...

FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026

The U.S. Federal Communications Commission (FCC) announced on Wednesday that it will exempt certain foreign-made drones and critical drone components from a broad import ban that was adopted in December, easing concerns...