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Dollar steadies on ceasefire prospects, PPI eases pressure on Fed
Dollar steadies on ceasefire prospects, PPI eases pressure on Fed HONG KONG, June 12 : The dollar found its footing in early trading on Friday, after sliding to its weakest in a week as traders parsed reports that a ceasefire deal in the Middle East could be imminent. Against the yen, the U.S. currency was up 0.1 per cent at 160.07 yen.
NWD tests market with 28 Pavilia Rosa flats for sale amid Hang Seng slump
NWD tests market with 28 Pavilia Rosa flats for sale amid Hang Seng slump Hong Kong developer’s Kowloon Tong project, to be sold on a ‘first come, first served’ basis on Friday, is a test of market sentiment NWD said the flats would be sold via a regular price list on a “first come, first served” basis as the developer announced that the project had so far sold 42 residences worth about HK$2.4 billion (US$306 million) via a tender. The launch on Friday would be the first regular sale in more...
Stocks drop, oil rises as Iran and rate worries traders
Stocks drop, oil rises as Iran and rate worries traders HONG KONG: Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday (Jun 11), following a rollercoaster week for markets that has sent shivers through trading floors. Investors took a little heart from closely watched data Wednesday that showed May US inflation had come in around expectations but still hit a more than three-year high as fuel costs surge owing to the...
Seoul leads steep Asian losses as AI-led tech rally hits wall
Seoul leads steep Asian losses as AI-led tech rally hits wall HONG KONG: Seoul's Kospi stock index dived more than eight per cent to lead a rout across Asia on Monday (Jun 8) as tech firms were hammered and strong US jobs data fuelled bets on a Federal Reserve interest rate hike. News that Iran and Israel had struck each other sparked worries about an escalation of the Middle East crisis, adding to the gloomy mood on trading floors and sending oil prices surging more than three per cent.
Stocks drop, oil rises as Iran worries traders
Stocks drop, oil rises as Iran worries traders HONG KONG: Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday (Jun 11), following a rollercoaster week for markets that has sent shivers through trading floors. Investors took a little heart from closely watched data Wednesday that showed May US inflation had come in around expectations but still hit a more than three-year high as fuel costs surge owing to the Iran war.
Stocks drop, oil rises as Iran and rate worries dog traders
Stocks drop, oil rises as Iran and rate worries dog traders HONG KONG: Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday (Jun 11), following a rollercoaster week for markets that has sent shivers through trading floors. Investors took a little heart from closely watched data Wednesday that showed May US inflation had come in around expectations but still hit a more than three-year high as fuel costs surge owing to the...
Asian stocks track Wall Street tech bounce, oil eases on Middle East hope
Asian stocks track Wall Street tech bounce, oil eases on Middle East hope The gains across most equity markets followed a rebound on Wall Street, fuelled by a race to pick up cheaper assets following a sell-off sparked by bets on a US interest rate hike and warnings over tech firms' valuations. Asian stocks enjoyed a partial rebound from the previous day's rout on Tuesday (Jun 9) as investors returned to the AI trade, while easing Middle East tensions also provided support and pushed oil...
US stocks today: Wall Street rebounds as AI stocks recover despite Iran war worries
US stock markets traded higher on Thursday, with technology and artificial intelligence (AI)-linked stocks rebounding after a volatile week, while investors continued to monitor rising geopolitical tensions in the Middle East, inflation concerns and global interest rate expectations. The benchmark S&P 500 rose 0.5% in morning trade, recovering some of the losses recorded over the previous two sessions. The Dow Jones Industrial Average gained 326 points, or 0.7%, while the Nasdaq Composite...
Tiananmen dissident lambasts China on massacre anniversary
Tiananmen dissident lambasts China on massacre anniversary June 4, 2026Wu'er Kaixi has put on weight in the last 37 years and his greying hair no longer flops over his eyes in the style he affected as a student at Beijing Normal University in 1989, but some things have not changed. He is, for instance, still on the list of student dissidents that the Chinese government identified as the ringleaders of the Tiananmen Square protests in those heady days when democracy seemed a possibility for...
Apple didn't revolutionize power supplies; new transistors did
Instead of a conventional linear power supply, Holt built one like those used in oscilloscopes. It switched the power on and off not sixty times per second, but thousands of times; this allowed it to store the power for far less time, and thus throw off less heat. "That switching power supply was as revolutionary as the Apple II logic board was," Jobs later said.