TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
China Services PMI Beats Forecasts as Strong Demand Supports June Growth 
Anthropic Tightens AI Access Controls After Reports of China-Based Workarounds 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Asian Stocks Slide as Chip Shares Tumble Ahead of Key U.S. Jobs Report 
Turkey Vehicle Sales Fall 11.4% in June as Auto Market Weakens 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
US Resumes Dollar Shipments to Iraq After Months-Long Suspension 
Japan Signals Surprise Yen Intervention Strategy as BOJ Hawkish Stance Puts FX Traders on Alert 
Gold Price Surges Above $4,120 as Weak US Jobs Data Lowers Fed Rate Hike Expectations 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Oil Prices Slip as Oversupply Concerns and U.S.-Iran Talks Shape Market Outlook 
BHP Workers Approve New Labour Agreement at WA Iron Ore Operations 
The South Korean government should intensify belt-tightening moves on troubled state-run resource firms as concerns increase of their financial health further deteriorating, according to a task force of experts.
Among them is state-run Korea National Oil Corp. (KNOC) whose liabilities stood at 18.64 trillion won as of the end of last year, up nearly 514 billion won from 2019.
The capital base of Korea Resources Corporation (Kores), another financially troubled state-run resource firm, also eroded last year.
An independent task force of experts who made the advice noted that the state-run firms have failed in their restructuring efforts due to the pandemic and the drop in global crude prices.
The task force recommended a merger of the troubled firms to establish a new resource company.
The team also wants each company to come up with plans to rehabilitate their financial health by 2029.
