SEOUL: South Korea will provide US$400 million in financial support to small businesses hit by payment delays at two Qoo10 e-commerce platforms, with the Singapore-based firm’s founder also pledging to use his own assets to help compensate customers and vendors. Seoul-based TMON and WeMakePrice have failed to make payments toContinue Reading
Taiwanese chip manufacturer TSMC announced on Thursday ( Jul 18 ) that generative artificial intelligence products ‘ global demand boosted net profit by 36 % in the second quarter of 2024. More than half the country’s silicon wafer production is controlled by Taiwan Semiconductor Manufacturing Company, which has customers includingContinue Reading
Tokyo Chief Cabinet Secretary Yoshimasa Hayashi stated on Tuesday ( 16 July ) that Japan is prepared to take all necessary measures to stop currency movements that are excessively volatile, keeping markets on alert for the possibility of additional government intervention to support the yen. ” It is crucial forContinue Reading
What was the motivation behind this most recent action was not immediately known. Although some experts noted that it bore some of the marks of standard buying, the dollar’s strengthening was more reasonable than the one on Thursday, leaving some to wonder whether or not the main bank was atContinue Reading
Masato Kanda, a bottom dollar minister, stated on Monday that Japan was always ready to take action against extreme market movements, but traders ignored the warning after the most recent treatment failed to stop the selling. Because it’s not being supported by any shift in levels, Tuckey said, “perhaps thatContinue Reading
HONG KONG: Doctors appointed by the trustees of China Evergrande Group are investigating some of the house company’s service providers including its original accountant PricewaterhouseCoopers, to likely recoup losses for creditors, three sources said. Evergrande, after China’s largest property developer, was ordered to be liquidated by a Hong Kong judgeContinue Reading
Tokyo: According to the government, Japan needs to see an increase in electricity output of 35 % to 50 % by 2050 as a result of the country’s growing demand for semiconductor factories and data centers that support artificial intelligence ( AI ). To meet demand as Japan establishes moreContinue Reading
BEIJING: China’s eastern metropolis of Hangzhou, among the country’s most thriving cities, on Thursday ( May 9 ) said it would lift all home purchase restrictions to shore up its real estate market, raising the prospect of other cities following suit. As of May 9, Hangzhou’s state will no longerContinue Reading