With the fate of suspended South Korean president Yoon Suk-yeol hanging in the balance, the country has also been left facing an uncertain future as it battles through the resulting political turmoil. Analysts say that the power transitions, both in Seoul and Washington, could significantly alter the dynamics between East Asian neighbours South Korea, Japan…
Zhang Xiaogang, a spokesman for the defence ministry, accused the US of “continuing to expand its space military capabilities, strengthening space military alliances and provoking a space arms race”, saying its actions have “jeopardised global strategic stability”. “We urge the US to seriously examine its dangerous actions in the space domain, cease provoking space confrontations…
Beijing has pledged to continue to promote close communication “in various fields” with Seoul despite its current political turmoil, Chinese Foreign Minister Wang Yi told his South Korean counterpart Cho Tae-yeol on Tuesday. The 30-minute call marks the first publicly acknowledged ministerial conversation between Beijing and Seoul after President Yoon Suk-yeol imposed martial law earlier…
A man walks out of the building where the headquarters of Kioxia, the world’s third largest manufacturer of NAND flash memory chips, is located in central Tokyo on August 23, 2024. Richard A. Brooks | Afp | Getty Images Shares of Japan computer memory manufacturer Kioxia rose 2.69% on its debut in Tokyo after the…
Check out the companies making headlines before the bell: Oracle — The database software company slid roughly 7% after posting fiscal second-quarter earnings and revenue that lagged analysts’ estimates. Oracle also issued guidance for the current quarter, calling for revenue growth of 7% to 9% and adjusted earnings of $1.50 to $1.54 per share, saying…
Hong Kong Airlines’ relaunch of direct flights to Vancouver in January is expected to offer the most competitive option among carriers operating similar routes. The airline said on Monday that the twice-weekly Vancouver routes, to start on January 18, would provide passengers with more travel options between the two cities. The Vancouver-bound flights will depart…
Nvidia Corp.’s estimate-beating results would be the envy of most companies, but after a more than 800% share-price gain in two years, great is no longer good enough for Wall Street. The main sticking point was the revenue forecastBloomberg Terminal for the current quarter, which exceeded the analyst estimate by a mere $400 million. It…
Japanese firms in China are becoming more pessimistic about the world’s second-biggest economy, with about two-thirds saying it’s getting worse and almost half scaling back or halting their investments. About 64% of Japanese companies said the Chinese economy is faring worse than last year, according to the latest survey from the Japanese Chamber of Commerce…
When Joshua Wong went to a Hong Kong court to face charges for alleged subversive acts in 2020, he wore a T-shirt with the words, “THEY CAN’T KILL US ALL.” The democracy advocate is still alive, but will spend a total of four-plus years in prison, including time already served, for being part of what…
Treasury 10-year yields may climb to 5% or higher as the US government boosts its debt supply to fund a multi-trillion dollar deficit, according to Franklin Templeton. “Getting to 4.5% to 5% on the 10-year, that’s reasonable,” Sonal Desai, chief investment officer of Franklin Templeton Fixed Income, said in an interview in Tokyo. Should investors…