Concerns
TSMC supplier’s CEO dismisses AI concerns after Nvidia wipeout
DEMAND for AI chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Company (TSMC). said,...
US: Wall Street opens lower on growth concerns ahead of labour data
Wall Street’s main indexes opened lower on Wednesday as fresh worries over the health of the US economy kept investors on the sidelines in the run-up to labour data.The...
Nippon Steel seeks to allay concerns on US takeover
Nippon Steel says Americans will form the majority of US Steel’s board of directorsJapan’s Nippon Steel said on Wednesday (Sep 4) US Steel will “remain a US company” with...
Euro slips after inflation data, concerns over German politics
THE euro fell versus the dollar after inflation data from Germany and Spain led investors to increase their bets on the European Central Bank (ECB) interest rate easing cycle.Inflation...
JD.com unveils US$5 billion share buyback as China concerns grow
JD.COM plans to buy back as much as US$5 billion of its shares, moving to appease investors worried about a potentially worsening Chinese consumer downturn.
The company on Tuesday (Aug...
Oil climbs 3% as Libya output cuts further supply concerns
OIL prices settled 3 per cent higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East.Brent crude futures...
South Korea to hold emergency meeting after EV fires raise safety concerns
SOUTH Korea’s environment ministry said on Thursday (Aug 8) it plans to hold an emergency meeting next week to discuss fires involving electric vehicle (EVs), including a blaze that...
Nikkei tumbles most in three years on concerns of AI bets, BOJ
Volatile semiconductor shares were among the hardest hit, with Tokyo Electron losing as much as 6.2 per cent Japan’s Nikkei 225 Stock Average entered a technical correction as an...
