Business

Taiwan’s ASE says it is expanding capacity to support AI demand

Wednesday, June 24 by SRN News

By Wen-Yee Lee KAOHSIUNG, Taiwan, June 24 (Reuters) - Taiwan's ASE Technology Holding, the world's largest chip packaging and testing provider, is expanding capacity to meet AI demand, Chief Operating Officer Tien Wu said on Wednesday. Here are some details: • Wu said the holding... Read More.

Oil prices extend decline on expectations of smoother crude flows via Hormuz

Tuesday, June 23 by SRN News

By Yuka Obayashi TOKYO, June 24 (Reuters) - Oil prices fell on Wednesday, extending this week's losses and trading near four-month lows hit in the previous session, on signs that more oil tankers stranded in the Gulf since the start of the Iran war are... Read More.

Samsung Electronics plans 90 trln won share buyback, Yonhap reports

Tuesday, June 23 by SRN News

SEOUL, June 24 (Reuters) - Samsung Electronics plans a share buyback programme worth 90 trillion won ($58.61 billion) after agreeing to give a bonus in stock to employees following recent wage talks, the Yonhap News Agency reported on Wednesday. The memory-chip maker will... Read More.

Dollar at 13-month high as rate hike bets, stock rout boost demand

Tuesday, June 23 by SRN News

By Jiaxing Li HONG KONG, June 24 (Reuters) - The U.S. dollar extended gains to reach a fresh 13-month high against a basket of major currencies on Wednesday as investors sought shelter from a tech stock sell-off and positioned for Fed rate hikes. A broad... Read More.

Asian stocks wobble after tech-led selloff, volatility risk highlighted

Tuesday, June 23 by SRN News

By Satoshi Sugiyama TOKYO, June 24 (Reuters) - Asian stocks were wobbly on Wednesday, a day after a global selloff in technology and semiconductor shares, with analysts cautioning about the risk of renewed volatility. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.02%. South... Read More.

Ari Emanuel’s Mari in talks to buy theater group ATG for $6 billion, FT reports

Tuesday, June 23 by SRN News

June 23 (Reuters) - Mari Group, founded by TKO CEO Ari Emanuel, is in advanced talks to buy British West End theater operator ATG Entertainment for £4.5 billion ($5.94 billion), the Financial Times reported on Tuesday, citing four people close to the situation. Here are... Read More.

Bessent says US supply chains must be able to withstand shocks, coercion

Tuesday, June 23 by SRN News

June 23 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that the Trump administration aimed to build enough supply chain capacity to allow critical industries to withstand economic shocks, pandemics, wars, coercion from adversaries and other foreign chokepoints. Bessent told the Economic Club... Read More.

Trains halted across Germany because of communication system problem

Tuesday, June 23 by SRN News

BERLIN (AP) - A problem with a communications system forced Germany's railway network to halt all trains late Tuesday, leaving passengers stranded across the country. Trains were held at stations and would-be travelers stood in long lines at information desks as they tried to figure... Read More.

Anthropic’s Mythos model found vulnerabilities in classified US government systems, AP reports

Tuesday, June 23 by SRN News

June 23 (Reuters) - Anthropic's Mythos model had identified vulnerabilities in highly sensitive and secure U.S. government computer systems during a testing exercise, the Associated Press reported on Tuesday, citing an official. Anthropic had teamed up with Washington's intelligence agencies to conduct tests using Mythos,... Read More.

Rio Tinto sees lithium as fastest-growing division, executive says

Tuesday, June 23 by SRN News

By Ernest Scheyder LAS VEGAS, June 23 (Reuters) - Rio Tinto. expects its lithium business to grow faster than its copper, iron ore and other divisions as it works to triple production by 2028 for the electric vehicle and battery storage markets, an executive said... Read More.

Current Weather

Taiwan’s ASE says it is expanding capacity to support AI demand

Oil prices extend decline on expectations of smoother crude flows via Hormuz

Dollar at 13-month high as rate hike bets, stock rout boost demand

Asian stocks wobble after tech-led selloff, volatility risk highlighted

Bessent says US supply chains must be able to withstand shocks, coercion

Trains halted across Germany because of communication system problem

Anthropic’s Mythos model found vulnerabilities in classified US government systems, AP reports

Rio Tinto sees lithium as fastest-growing division, executive says

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