cnbc_topnews
📰 source: cnbc_topnews · 💼 business sk hynix will invest 54 trillion won ($38.1 billion) to build two new memory chip plants. one is the yongin fab called y2, getting 35.2 trillion won, and the other is the cheongju fab called m17, getting 19.1 trillion won. the company points
cnbc_topnews
📰 source: cnbc_topnews · 💼 business nintendo's fiscal first-quarter profit and revenue beat analyst estimates, even as switch 2 sales slumped. revenue came in at 517.8 billion yen ($3.28 billion) versus 444.96 billion yen expected. net profit hit 147.4 billion yen versus 78.30 billion yen
cnbc_topnews
📰 source: cnbc_topnews · 💼 business asian tech stocks dropped thursday, tracking wall street's overnight slide. south korea's sk hynix plunged 9.71%, samsung electronics fell 6.13%, and seoul semiconductor dropped 4.27%. in japan, softbank group lost 4.36%, tokyo electron was over 5% lower, advantest
cnbc_topnews
📰 source: cnbc_topnews · 💼 business india's central bank kept its benchmark rate at 5.25% for a fifth straight meeting on wednesday, even as retail inflation rose above the rbi's 4% medium-term target. governor sanjay malhotra said core inflation — excluding food and energy — remains moderate and is
cnbc_topnews
📰 source: cnbc_topnews · 💼 business asian tech stocks surged wednesday after a strong wall street rally, with softbank jumping over 10%. tokyo electron added 3.64%, advantest rose 7%, and kioxia gained 6.34%. in south korea, sk hynix jumped 6.9%, samsung electronics added 4%, and seoul semiconductor popped 7.
cnbc_topnews
📰 source: cnbc_topnews · 💼 business beijing issued surprise tax on offshore trusts used by china's ultra-rich, hitting them with a 20% levy at nearly every stage of a trust's life. the rules, released july 24, apply retroactively to assets transferred since start of 2023, with a 90-day
bbc_business
📰 source: bbc_business · 💼 business in the philippines, content writer lisa spent 15 years in outsourcing before being made redundant eight months into a role — one month before it became permanent. she says she and colleagues were asked to edit ai-generated material and their skills were used to train the ai
cnbc_topnews
📰 source: cnbc_topnews · 💼 business treasury secretary scott bessent said tuesday the u.s. joined japan's yen-buying intervention because a weak yen risked destabilizing asian markets. he called a stable yen 'very important for the entire region' and pointed to volatility in the south korean won and
cnbc_topnews
📰 source: cnbc_topnews · 💼 business japanese prime minister sanae takaichi's plan to cut the consumption tax on food to 1% from 8% for two years from april 2027 advanced through key ruling party committees on tuesday. takaichi wants cabinet approval this month and a parliamentary bill in autumn, according
cnbc_topnews
📰 source: cnbc_topnews · 💼 business grab, southeast asia's ride-hailing and delivery firm, raised its full-year outlook tuesday after record second-quarter results. shares rose 4.86% in extended trading. cfo peter oey says ai is helping the company ship products more than 30% faster, which translates into better margins and
cnbc_topnews
📰 source: cnbc_topnews · 💼 business india will sell up to a 6.5% stake in life insurance corp (lic), the country's largest insurer, to raise as much as 314 billion rupees ($3.3 billion). the offer is priced at 382 rupees per share, a 10% discount to monday'
cnbc_topnews
📰 source: cnbc_topnews · 💼 business treasury secretary scott bessent wants the federal reserve to expand a lending facility that would let japan support its yen without selling off its u.s. treasury holdings. the request comes as new fed chair kevin warsh looks to rework the fed-treasury relationship. the u.s.