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TOKYO: Japan must put at least a trillion yen (US$9bil or RM37bil) toward chip development this fiscal year and trillions more after that, if it is to have any hope of reviving its national industry, according to the government’s lead adviser on its new semiconductor strategy.
LONDON: Iran could quickly export millions of barrels of oil it is holding in storage if it reaches a deal with the United States on its nuclear programme and has been moving oil into place to prepare for an eventual restart, four traders and industrial sources said.
CASH-RICH Greatech Technology Bhd, whose latest first-quarter sales surged by over 80% year-on-year, believes that the best is yet to come.
LIKE many in Hong Kong, Jason Chan had no immediate plans to get vaccinated against Covid-19. For the finance professional, there seemed to be no pressing need, with travel restrictions still in place and no major outbreak at home.
OIL fell below $71 a barrel after the biggest drop in four weeks as traders weighed prospects for a stronger dollar against rising demand.
Group allocates US$5bil for acquisitions over 3 years
CHICAGO: Farmers from Kansas to Kyiv are gearing up to collect abundant wheat crops in coming weeks, helping ease a global grain shortfall that’s fueled a surge in prices.
SINGAPORE: Crude oil prices fell on Thursday as the U.S. dollar strengthened after the Federal Reserve signalled it might raise interest rates faster than expected, but losses were limited by a big drop in U.S. crude oil inventories.
KUALA LUMPUR: The ringgit lost its ground against the US dollar at the opening today, as the greenback surged after the US Federal Reserve (Fed) hinted to raise interest rates in 2023.
NEW YORK: Oil prices rose nearly 2% to their highest in more than two years on Tuesday, buoyed by expectations demand will recover rapidly in the second half of 2021.