EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
Anthropic Eyes Second Straight Profitable Quarter Ahead of Potential IPO 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Samsung Heavy Wins $1.22 Billion LNG Carrier and Tanker Deal 
Finland Raises 2026 Growth Forecast as Exports and Investment Surge 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
China Home Prices Fall Again as Property Slump Drags on Growth 
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
Samsung, Qualcomm 2nm Chip Deal Delayed Over Pricing 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
German 2-Year Yield Hits 2023 High as Rate Hike Bets Rise 
SoftBank Shares Plunge 11% After OpenAI Rules Out 2026 IPO 
UK Businesses Urge Government to Cut Electricity Levies 
Add as a preferred source on Google
SsangYong Motor will sell its 850,000 square meters plant site in Pyeongtaek as part of self-rescue efforts, according to the local government.
The plant, which was constructed in 1979, is valued at 900 billion won.
The city government of Pyeongtaek has signed a memorandum of understanding with the court-appointed manager of SsangYong and its labor union regarding the sale of the site.
The debt-ridden automaker has been under court receivership since April after its Indian parent Mahindra & Mahindra failed to sell a 75 percent stake in it.
SsangYong will receive administrative support construction and relocation from the city government when it builds a new factory in Pyeongtaek.
Jung Jang-seon, mayor of Pyeongtaek, vowed to support SsangYong Motor to grow into a global company that contributes to the local economy.
The new plant that Ssangyong intends to put up will focus on manufacturing green and self-driving cars, according to Chung Yong-won, the court-appointed administrator.
