Federal Reserve Board Chairman Kevin Warsh speaks during a news conference at the Federal Reserve in Washington, Wednesday, July 29, 2026. (AP Photo/Mark Schiefelbein) WASHINGTON, D.C. — The Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favor of higher rates as the central bank …
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SEOUL ─ South Korea’s SK Hynix said on Wednesday second-quarter net profit soared a whopping 1,242 percent year on year, driven by the artificial intelligence industry’s explosive demand for its advanced memory chips. SK Hynix is a specialist supplier of high-bandwidth memory chips to US industry behemoth Nvidia and a …
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Photo Credit: Economic Times DETROIT ─ Ford Motor on Tuesday raised its annual profit outlook for a second time this year, following rival GM’s move last week, citing “resilient” customers who are buying the company’s pricey pickup trucks. Ford’s shares were up 5.4 percent in after-hours trading after closing the …
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A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015 (Reiters/Edgar Su/File Photo) SINGAPORE Telecommunications on Thursday confirmed that it was in discussions with multiple parties over a potential stake sale in its Australian telecoms unit Optus, but said there …
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A woman walks past a logo of Starbucks in Seoul, South Korea, May 26, 2026 (Reuters/Kim Hong-Ji) STARBUCKS has raised its annual sales and profit forecasts for the second time, as CEO Brian Niccol’s years-long turnaround efforts reignite demand at the world’s largest coffee chain, sending its shares up 5 …
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An employee works at the automotive assembly line for the electric Renault R5 E-Tech car at the Renault factory of the Ampere ElectriCity site in Douai, France, July 15, 2026 (Reuters/Benoit Tessier/File Photo) PARIS ─ Renault posted a 9.4 percent rise in first-half revenue on Wednesday and swung back to …
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A staff member works at a production workshop of the ABB Robotics Mega Factory in East China’s Shanghai, April 2, 2026. (PHOTO / XINHUA) PROFITS of China’s industrial firms above designated size increased 18.7 percent year on year in the first half, with the growth rate accelerating by 3.2 percentage …
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CATL had announced the plan in December, saying it wants to list in Hong Kong to advance its global expansion strategy and improve its competitiveness. greg baker/Agence France-Presse/Getty FROM robotaxi developers to artificial intelligence (AI) startups and chipmakers, Chinese technology firms are flocking to Hong Kong’s booming capital markets, raising a …
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THE total trade of the “13+2” provinces, autonomous regions and cities along the New International Land-Sea Trade Corridor via the corridor reached 517.23 billion yuan ($76.38 billion) in the first six months this year, exceeding 500 billion yuan for the first time, the Xinhua News Agency reported on Sunday. Chongqing …
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President Donald Trump and Chinese President Xi Jinping arrive during a state dinner at the Great Hall of the People, May 14, 2026, in Beijing. (AP Photo/Mark Schiefelbein, File) WASHINGTON, D.C. — The Trump administration is preparing to ramp up funding by hundreds of millions of dollars for programs designed …
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