Nikkei hits new highs as Hong Kong limps to holiday break
Japanese shares hit 34-year highs following a near 50% surge in shares of Softbank’s majority-owned chip technology firm Arm. (AP…
Browsing Tag
FMTBizWorld
China failing in bid to ‘cheat’ way to chip prominence, says Taiwan
TSMC is the world’s largest contract chipmaker. (AP pic)
WASHINGTON: China has sought to “cheat” and “steal” its way to matching…
Powell says Fed can be ‘prudent’ in weighing rate cuts
Federal Reserve chair Jerome Powell said weakening job growth could be a reason to accelerate rate cuts. (AP pic)
WASHINGTON: The…
Dollar jumps, traders pare rate cut bets after strong jobs report
The US dollar index reached 104.04, the highest since Dec 12. (Reuters pic)
NEW YORK: The US dollar index jumped to a seven-week…
Geely set to bail out troubled Polestar as EV rout deepens
Polestar must infuse an extra US$1 billion within the next 12 months to sustain its premium electric vehicle business. (Polestar…
Weight-loss drug maker Novo Nordisk’s profit soars 51%
Novo Nordisk’s innovative pharmaceutical treatments have benefited 40 million people, generating a net profit of US$12.1 billion.…
New post-Brexit customs checks spark UK border worries
The changes have been delayed five times because of fears about the knock-on effect on the sluggish UK economy and inflation. (AFP…
Huawei gains as Apple’s China iPhone shipments dip 2% in Q4
Apple offered rare discounts on its iPhones last month, slashing prices by up to 500 yuan (US$70) amid local rivals rising…
ASML’s profits, sales soar in 2023 amid US-China chip dispute
ASML had faced restrictions in exporting advanced machines to China due to US pressure on the Dutch government. (ASML pic)
THE…