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South Korea's expanded espionage law takes effect amid push to protect chip technology
1+ day, 11+ hour ago (285+ words) The Edge Malaysia SEOUL/BEIJING (Sept 13): South Korea's expanded espionage law takes effect on Sunday, broadening espionage offences beyond acts involving North Korea to include all foreign countries as Seoul seeks to protect key technologies amid intensifying competition in semiconductors…...
South Korea aims to finalise details of US investment plan this week, minister says
1+ day, 2+ hour ago (165+ words) SEOUL (Sept 13): South Korea will hold further talks with the US early this week to finalise details of Seoul's proposed US$350 billion investment commitment to the US, South Korean Industry Minister Kim Jung-kwan said on Sunday. Speaking to reporters after…...
Pentagon in talks to lend US$5 bil to AI cloud startup Fluidstack, WSJ reports
3+ day, 12+ hour ago (158+ words) MEXICO CITY (Sept 10): The Pentagon is in talks to lend about US$5 billion to AI cloud-computing startup Fluidstack to shore up the US data centre supply chain, the Wall Street Journal reported on Thursday, citing people familiar with the matter....
Opec further lowers 2026 global oil demand growth forecast
3+ day, 22+ hour ago (105+ words) The Edge Malaysia (Sept 10): Opec on Thursday lowered its forecast for world oil demand growth in 2026 to 380,000 barrels per day, a copy of its monthly report showed, marking the fifth straight downward revision. The producer group continues to see a…...
US existing home sales in August slide to weakest pace in more than a year
3+ day, 22+ hour ago (434+ words) (Sept 10): Sales of previously owned homes in the US slowed last month to their weakest pace in more than a year, as would-be buyers waited for relief on mortgage rates before purchasing. Contract closings slipped 2% to an annualised rate of…...
US weekly jobless claims edge down as layoffs remain low
4+ day, 36+ min ago (212+ words) theedgemarkets.com WASHINGTON (Sept 10): The number of Americans filing claims for unemployment benefits fell last week, suggesting that layoffs remained low and continued to anchor the labour market. Initial claims for state unemployment benefits dipped 1,000 to a seasonally adjusted 206,000 for…...
South Korea nears agreement worth over US$100 bil in US investments, WSJ reports
4+ day, 4+ hour ago (254+ words) (Sept 10): The South Korean government is preparing to announce a major energy investment project in the United States worth more than US$100 billion aimed at boosting artificial intelligence build-out, the Wall Street Journal reported on Thursday. The deal would see…...
Rising Japanese yields may keep more domestic money at home, Fitch says
4+ day, 12+ hour ago (259+ words) TOKYO (Sept 9): A rise in Japanese bond yields may prompt domestic institutional investors to keep more of their money at home, Fitch Ratings said in a report on Wednesday. The ratings agency said it expects Bank of Japan policy rates…...
Paramount says California AG contradicted bond arguments in TV interviews
5+ day, 11+ hour ago (335+ words) NEW YORK (Sept 8): Paramount Skydance said on Tuesday that California Attorney General Rob Bonta made statements in television interviews that undermine his legal arguments against the company's request for a US$1.88 billion bond in the Warner Bros. Discovery merger case....
Chinese inflation revives as oil spike, AI boom feed into prices
5+ day, 9+ hour ago (507+ words) (Sept 9): China’s consumer inflation accelerated for the first time since April and factory-gate prices grew faster than expected, as more expensive food and energy revive cost pressures. The consumer price index (CPI) rose 0.8% in August from a year earlier, in…...