Business

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.

BSP sees July inflation at 5.6 percent to 6.6 percent

MANILA, Philippines — Philippine inflation likely stay above the central bank’s 3 percent target in July as higher fuel, power and fish prices offset easing food costs. In a statement on Friday, the Bangko Sentral ng Pilipinas said…

China's factory activity unexpectedly shrinks in July as demand sags

Wild Tech Stock Swings Spur Retail Traders to Cut Margin Loans

Retail investors have cut their margin loans in South Korea, Taiwan and mainland China, underscoring how a collapse in technology stocks in recent weeks has forced them to close out positions.

Australia’s Social Media Ban Sees Only Small Dip in Teen Users

Australia’s social media ban for under-16s led to only a marginal reduction in underage users in its first three months, underscoring the lack of enforcement of the world-first law by major platforms.

HSBC, Singapore Banks to Show Strength on Wealth Performance

HSBC Holdings Plc and Singapore banks should see stronger earnings outlook across the board, buoyed by wealth businesses strength and resilient fee income.