Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
Asian Tech Stocks Slide as AI Concerns and Rising Bond Yields Hit Chipmakers 
Anthropic Eyes Second Straight Profitable Quarter Ahead of Potential IPO 
OpenAI Agents Linked to RubyGems Cyberattack 
SoftBank Shares Jump 8% as SB Energy IPO Optimism Builds 
Optus Apologises After Network Outage Disrupts Emergency Calls 
OpenAI Rules Out 2026 IPO as Altman Prioritizes AI Safety 
Asian Stocks Fall as AI Fears and Oil Surge Hit Markets 
Cathie Wood Backs AI Slowdown as Safety Concerns Grow 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
BHP Port Hedland Wage Dispute Heads to Arbitration 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Nvidia Eyes $10 Billion Investment in Anthropic IPO 
Boeing, SPEEA Reach Tentative Four-Year Labor Deal 
Add as a preferred source on Google
The Korea Fair Trade Commission (KFTC) is reviewing punitive actions against other local shipping lines, including South Korea's leading shipper, HMM Co., over suspected price-fixing.
South Korea's antitrust regulator has informed the shipping lines that it has completed its probe into allegations that they colluded to fix higher freight rates for a Southeast Asian sea route.
The KFTC has been investigating the suspected price-fixing by HMM and its smaller rivals, including Sinokor Merchant Marine Co. and Heung-A Shipping Co., since December 2018.
The regulator is also investigating reports that local shippers colluded to fix freight rates for other sea routes.
Local shippers cited the country's maritime shipping act as the basis for their collective actions on freight rates.
But the KFTC insists that the shippers failed to meet certain criteria that are permissible under the law to justify their actions.
