Business

Thailand’s True Internet Data Center Seeks $2 Billion Loan

Thailand’s True Internet Data Center Co. is seeking an about $2 billion-equivalent loan to build a new facility, according to people familiar with the matter, as the country looks to become a regional hub for artificial intelligence and…

Volatile South Korean shares soar on renewed semiconductor buying

Japan Preempts Market With Yen Intervention

Japan intervened in the currency market to bolster the yen, which sharply advanced as much as 3.3% versus the dollar in New York trading on Thursday. Bloomberg's Shery Ahn breaks down the developments. (Source: Bloomberg)

Toyota supplier Denso posts drop in first-quarter profit

Iron Ore Climbs as Traders Weigh Supply Risks From BHP Strike

Iron ore rose as threat of strike action by BHP Group workers at the export hub of Port Hedland raised concerns about potential supply disruptions, although weak Chinese demand will likely cap price gains.

Rising US Yields May Complicate RBI’s Strategy on Rates and the Rupee

If US yields keep rising, the RBI could face growing pressure to keep policy tighter.

Korea Cites Close Ties With US, Japan After Overnight FX Surge

South Korea’s foreign-exchange authorities are in close contact with counterparts in the US and Japan, a senior finance ministry official said, a day after Tokyo mounted a large-scale operation to prop up the yen.

What We Know So Far About Hacking by Anthropic AI Models

Here's what we know so far about Anthropic's AI models breaching three organizations during cybersecurity tests which went awry. (Source: Bloomberg)

Chinese dad sues online gaming companies for US$1.5 to force strict anti-addiction rules

A father in central China, whose gaming-addicted son swallowed 18 fever pills in one go, has sued four mainland gaming companies, seeking a symbolic compensation of 10 yuan (US$1.5). However, his primary hope is that the court will…

Energy map will unlock targeted power investments – REA boss

REA boss, Dr. Abba Aliyu, discusses Nigeria’s new energy map, identifying 750,000+ communities for targeted power investments and economic growth. Read More: https://punchng.com/energy-map-will-unlock-targeted-power-investments-rea-boss/

Targeted fuel subsidy may return if Gulf tensions persist

• Govt stands firm on petroleum pricing deregulation plan • Petroleum minister defends daily pricing, claims ‘transparent’ mechanism protects consumers from price shocks • Senate panel directs Ogra to submit proposal that addresses…

Shionogi-Backed Biotech Apnimed Raises $192 Million in US IPO

Apnimed Inc., a late-stage drug developer focused on sleep apnea, raised $192 million in an upsized US initial public offering, priced at the top of a marketed range.