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S. Korea's FX Reserves Climb Up in April to US$404-B

May 09, 2020 06:09 am UTC| Business

South Koreas foreign exchange (FX) reserves rebounded to US$403.98 billion in April, up by $3.77 billion surge from a month earlier due to increased returns from its assets. The on-month gain was preceded by a steep...

Hyundai Department Store Suffers 64.4% Net Profit Dip in Q1

May 09, 2020 06:07 am UTC| Business

Hyundai Department Store Co. reported plummeting net profits of 23.9 billion won in its first-quarter, down 64.4 percent from last year. Its operating profits werent better, dipping to 14.9 billion won, down 80.2...

KEPCO Devises Large-Capacity Battery Using Manganese

May 09, 2020 06:07 am UTC| Business

The Korea Electric Power Corporation (KEPCO) has formulated a cheaper and safer large-capacity secondary battery that uses manganese oxides as a positive material. The usual positive material used is the intercalated...

Donald Trump promises to give an update on U.S.-China deal next week

May 08, 2020 02:00 am UTC| Politics Business

President Donald Trump is putting pressure on China to fulfill its commitment in the phase-one of the trade agreement inked earlier this year. The president threatened to terminate the agreement unless China adheres to the...

Entrepreneur, Investor and Venture Capitalist Ron Bauer Explains How to Create a Winning Pitch Deck Presentation

May 07, 2020 21:52 pm UTC| Business

For many entrepreneurs, the most vital component in the success of their business is not necessarily customers, market share, or profitability, it is capital. While their pitch deck is an essential piece of the puzzle: it...

Free-to-Play Games to Generate $88.7 Billion in 2020

May 07, 2020 21:51 pm UTC| Business

The incredible success of free-to-play games seems set to continue this year. There is a huge selection of titles that run from Call of Duty: Mobile and Fortnite to Clash of Clans, Candy Crush Saga and PUBG, as well as...

How Effective Is CBD Topical Pain Cream?

May 07, 2020 21:47 pm UTC| Business

CBD topicals are an excellent way to add a little extra CBD into your daily routine. Topicals such as CBD cream allow you to target particular areas of your body while leaving the rest unaffected. One of the most common...

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Economy

BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook

The Bank of Japan (BOJ) is widely expected to keep its benchmark interest rate unchanged at 1% when it concludes its two-day policy meeting on July 31, despite persistent inflation and continued weakness in the Japanese...

Asian Stocks Slip as Fed Holds Rates, Samsung Earnings Fail to Lift AI Sentiment

Most Asian stock markets declined on Thursday as investor concerns over artificial intelligence (AI) spending continued to pressure technology shares, overshadowing strong earnings from Samsung Electronics and upbeat...

Asian Currencies Hold Steady After Fed Decision as Dollar Finds Support

Asian currencies traded in narrow ranges on Thursday as investors assessed the U.S. Federal Reserves decision to keep interest rates unchanged while Fed Chair Kevin Warsh reinforced the central banks commitment to bringing...

Oil Prices Ease After Sharp Rally as Trump Warns of More Action Against Iran

Oil prices slipped slightly during Asian trading on Thursday after posting their biggest gains in weeks, as investors locked in profits while monitoring escalating geopolitical tensions in the Middle East and tightening...

Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions

The Federal Reserve left its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 3.50% to 3.75% for a fifth consecutive meeting as policymakers continued to monitor inflation and broader...

Politics

China Vows Retaliation Over U.S. Ban on Chinese Robots, Power Inverters

China on Thursday pledged to resolutely retaliate if the United States moves forward with restrictions targeting new Chinese-made robots and power inverters, escalating tensions in the ongoing U.S.-China technology and...

Lebanon Lawyers Seek Probe Into Banker Over Alleged Netanyahu Dinner in Washington

A group of Lebanese lawyers has filed a legal complaint urging the countrys top prosecutor to investigate prominent banker Antoun Sehnaoui over allegations that he co-hosted a dinner in Washington attended by Israeli Prime...

U.S. Launches Air Strikes on Iran After Alleged Missile Attack on American Forces

The United States launched air strikes against targets in Iran on Wednesday night, marking a sharp escalation in tensions across the Middle East following what Washington described as an attempted Iranian attack on U.S....

New Jewish-Arab Party Seeks Young Voters Ahead of Israel Election Amid Debate Over Arab Vote

A newly formed Jewish-Arab political party is aiming to attract younger voters ahead of Israels October 27 parliamentary election, but critics argue its emergence could divide the Arab vote and strengthen Prime Minister...

Oman Proposes Strait of Hormuz Plan as U.S. Rejects Iran Shipping Fee Idea

Oman has presented Iran with a Gulf-backed proposal to help manage shipping through the Strait of Hormuz, including a system of voluntary contributions from vessels, according to Reuters sources. The initiative aims to...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer

Tamron (TYO:7740) confirmed Thursday that it has received a non-binding acquisition proposal from Sony (TYO:6758), following reports that the potential deal could be worth approximately 200 billion yen ($1.3 billion). The...

SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027

SpaceX has secured $1.6 billion in new contracts from the U.S. Space Force to carry out 18 Falcon 9 rocket launches through 2027, further strengthening its position as the Pentagons leading commercial launch provider. The...

Samsung Q2 Profit Surges on AI Memory Chip Demand, Forecasts Strong Second Half

Samsung Electronics reported stronger-than-expected second-quarter earnings, driven by soaring demand for artificial intelligence (AI) memory chips as global investment in AI infrastructure continued to accelerate. For the...

Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest

Russia has formally charged Telegram founder Pavel Durov with facilitating terrorist activity, accusing the messaging platform of being used by Ukrainian intelligence services to recruit operatives and organize attacks...

Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit

Meta Platforms (NASDAQ: META) shares fell 8% in after-hours trading after the social media giant reported second-quarter earnings that missed Wall Street expectations and issued weaker-than-expected third-quarter revenue...