By Ben Blanchard and Yimou Lee TAIPEI (Reuters) -Taiwan’s defence ministry raised the alarm on Thursday about a lack of policy stability from China amid a renewed surge of military activity around the island and live fire drills, saying Beijing presented a serious challenge to its neighbours. Democratically governed Taiwan, which Beijing views as its own territory, has complained of stepped-up Chinese military activity over the past five years. Taiwan’s government rejects China’s sovereignty claims. On Thursday, the defence ministry said it had detected a second day of large-scale Chinese military activities nearby, with 29 aircraft engaged in a “joint…
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SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSK Hynix shares surged more than 9% Thursday morning after the company said it has started mass production of a new version of its high-bandwidth memory chips and aims for delivery by year-end.The product would be the world’s first 12-layer version of HBM3E, which refers to the latest generation of an advanced memory chip that’s capable of handling high-end generative artificial intelligence…
What you need to knowTwo years after its debut on PS5, the award-winning God of War Ragnarök finally came to PC and Steam last week. However, it’s been marred in controversy, as players have been vocally critical of a PlayStation Network (PSN) requirement Sony added to the game.The PSN requirement prevents players from playing the single player game if they do not create a PSN account, and has made the game impossible to buy in over 170 territories where PSN isn’t available. It also stops people from playing it offline, as it’s effectively a form of always-online DRM.Shortly after the…
We recently published a list of 10 Best Natural Gas Stocks To Invest In According to Hedge Funds. In this article, we are going to take a look at where EQT Corporation (NYSE:EQT) stands against the other best natural gas stocks to invest in according to hedge funds.The natural gas sector has experienced significant fluctuations in recent years, driven by a variety of geopolitical, economic, and environmental factors. As the global energy transition takes shape, natural gas remains a crucial player in the energy mix, offering a relatively cleaner alternative to coal and oil. This importance is reflected in its…
By Krystal Hu and Kenrick Cai SAN FRANCISCO (Reuters) – ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with the matter told Reuters, in a move that will make the company more attractive to investors. The OpenAI non-profit will continue to exist and own a minority stake in the for-profit company, the sources said. The move could also have implications for how the company manages AI risks in a new governance structure. Chief executive Sam Altman will also receive…
NEW YORK (AP) — The rush for gold just keeps coming.Gold hit another all-time high this week. Recent gains for the precious metal are largely credited to ongoing economic uncertainty, geopolitical tensions and strong demand from central banks around the world.If trends continue, analysts have bullish outlooks on the price of gold for the months ahead. But the future is never promised. Here’s what you need to know.Where does the price of gold stand today?The New York spot price of gold closed Tuesday at just over $2,657 per Troy ounce — the standard for measuring precious metals, which is equivalent…
Jose Tavera Muñoz runs the FerroMetales recycling business. Located on an industrial site outside Puebla, the company operates a 1 000-tonne cutting force Harris shear handling some 18 000 tonnes per year, mostly ferrous.According to Tavera, business is ‘OK’ despite major competition popping up in recent years. ‘Ten years ago, Puebla had ten scrap yards, today we have 30 or so. Luckily, scrap demand has gone up too.’Steel mills are increasingly buying up individual yards to secure supplies, notes Tavera. ‘They’re more and more taking the role of a competitor rather than a buyer.’Another thing that causes him concern is…
A look at the day ahead in European and global markets from Rae WeeAsian markets rallied on Thursday, defying weakness overnight on Wall Street as optimism over China’s latest stimulus measures got a fresh boost from news of a possible capital injection into its top banks.Authorities are considering a $142 billion infusion to help big lenders, Bloomberg News reported, just two days after policymakers announced a series of measures intended to pull the country out of its deflationary funk.While the latest moves point to a sense of urgency among the authorities as Beijing’s 5% economic growth target for the year…
By Khanh Vu and Francesco Guarascio HANOI (Reuters) -Elon Musk’s SpaceX plans to invest $15 billion in Vietnam in the near future, the government of the Communist-run nation said on Thursday, which could help resolve a stalemate over the launch of its Starlink satellite services there. Months of talks on the offer of Starlink’s satellite internet connection and other communications services were put on hold at the end of 2023, sources familiar with the matter had told Reuters earlier this year, although they resumed later. “The Vietnamese government is considering the (investment) proposal of SpaceX,” a report on the government…
Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk. 2024. Philipp Carlsson-Szlezak and Paul Swartz. Harvard Business Review Press. Good macroeconomic predictions and risk assessments are not easy to make, so maybe the problem should be reframed not as an effort in prediction but as a process of learning to develop better macro judgment. Macroeconomic investment research is generally focused on the short run and tied to market behavior. It can be classified into three approaches to analysis: a quant school that links data to precise forecasts, a narrative school that talks through stories to provide macro awareness,…