HONG KONG (Reuters) -Home prices in Hong Kong grew 1.3% in September from August, marking the sixth consecutive month of increases, government data showed on Tuesday, supported by improved sentiment. BY THE NUMBERS Private home prices gained 1.3% in September from August, following a revised 0.2% rise the previous month, data from the Rating and …
Hong Kong home prices grow for sixth month in September, up 1.3% Read More »
By Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s Foxconn said its board of directors has approved an investment plan to procure equipment for a AI compute cluster and a supercomputing centre, that will allow it to spend up to NT$42 billion ($1.37 billion). The investment will be made from December 2025 to December 2026 using its own …
Foxconn to invest up to $1.37 billion in AI compute cluster, supercomputing centre Read More »
By Leika Kihara TOKYO (Reuters) -Japan’s new economic revitalisation minister, Minoru Kiuchi, said on Tuesday a weak yen has benefits to the economy and its demerits could be addressed by swiftly compiling a package of steps to ease the pain from rising living costs. He also said the new administration’s priority would be to accelerate …
Japan’s new economy minister says weak yen has benefits to growth Read More »
By Rocky Swift TOKYO (Reuters) -Nidec shares plunged in Tokyo trading on Tuesday after the exchange put the precision motor maker on alert for possible delisting and Nikkei said the company would be expelled from its benchmark index following a deepening accounting scandal. The company’s shares sank by their daily 500 yen limit, or 19%, …
Japan’s Nidec plunges after delisting warning, benchmark index expulsion Read More »
By Cynthia Kim SEOUL (Reuters) -South Korea’s economy grew in the third quarter by the fastest pace in a year-and-a-half, central bank estimates showed on Tuesday, helped by strong exports and solid private consumption as government stimulus boosted spending. Gross domestic product expanded 1.2% in the third quarter from three months earlier on a seasonally …
South Korea’s Q3 GDP growth beats forecasts as spending holds up Read More »
BEIJING (Reuters) -China has called on its neighbours Japan, South Korea, and ASEAN countries to make greater efforts in science and technology, including carrying out joint scientific and technological research, according to the official Xinhua. Chinese Premier Li Qiang pointed to opportunities in artificial intelligence, robotics, and biomedicine, brought about by scientific and technological revolution …
China urges joint efforts with Japan, South Korea, ASEAN in science and tech Read More »
(Reuters) -GlobalFoundries’ John Hollister has stepped down from the CFO position and will be succeeded by Sam Franklin on an interim basis, the contract chipmaker said on Monday. The management reshuffle comes at a time when the company has pledged to invest $16 billion partly towards building more manufacturing facilities on American soil amid U.S. …
GlobalFoundries finance chief John Hollister departs, Sam Franklin named interim CFO Read More »
By Fergal Smith TORONTO (Reuters) -Canada’s commodity-linked main stock index edged lower on Monday as the price of gold pulled back below $4,000 per ounce weighing on high-flying metal mining shares. The S&P/TSX composite index ended down 77.31 points, or 0.3%, at 30,275.76 even as U.S. markets notched gains. Gold fell 2.9% to about $3,992 …
TSX ends lower as price of gold drops below $4,000 Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -A burst of optimism and relief around U.S.-China trade talks provided the rocket fuel to boost world stocks to new highs on Monday, while Argentina’s markets surged after a thumping mid-term election victory for President Javier Milei’s ruling party. In my column today, I caution that when it comes …
Trading Day: US-China relief sparks world stock melt up Read More »
(Reuters) -Cadence Design Systems forecast fourth-quarter profit just shy of market estimates on Monday, as Sino-U.S. trade tensions threaten to hurt demand for its chip design software from key market China. Uncertainty around China-U.S. trade relations has cast doubt over Cadences’ business in one of the largest markets for semiconductors, overshadowing the benefits of artificial …
Cadence forecasts fourth-quarter profit below estimates as US-China trade tensions weigh Read More »
