MediaTek Unveils 2nm Dimensity 9600 Pro AI Chip 
Qualcomm Gains on $60B Amazon AI Chip Deal 
Oil Prices Surge as Houthi Attacks Deepen Hormuz Supply Fears 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
Meta’s AI Shopping Push Grows as Agentic Commerce Remains Below 1% 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Treasury Buyback Fails to Cool Long-Term Yields 
Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears 
Boeing, SPEEA Reach Tentative Four-Year Labor Deal 
Gulf Ministers to Meet Iran in Oman Over Hormuz Shipping Deal 
SoftBank Shares Jump 8% as SB Energy IPO Optimism Builds 
Enflame Shares Surge 200% in Shanghai AI Chip Debut 
Cathie Wood Backs AI Slowdown as Safety Concerns Grow 
Asian Stocks Steady as AI Shares Rebound Ahead of Fed Decision 
Nvidia Eyes $10 Billion Investment in Anthropic IPO 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
Add as a preferred source on Google
Fonterra has agreed to divest its 51 percent stake in two joint venture farms in Shandong province, China, to Singapore-based AustAsia Investment Holdings for $62.1 million.
The farms will be sold to Singapore-based AustAsia for $115.5 million.
Fonterra, which has decided to prioritize producing New Zealand milk, has completed selling its wholly-owned China farming hubs.
Fonterra CEO, Miles Hurrell, acknowledged that Greater China is among their most important and strategic markets and would bring the goodness of New Zealand milk to Chinese customers in innovative ways and by partnering with local Chinese companies.
The sale of the JV farms, which requires no further regulatory approvals, is expected to be completed on June 30.
