KEPCO seeks $15 billion advance from Samsung to fund grid expansion
KEPCO proposes Samsung pay $15 billion in advance for power through 2031 to fund grid expansion for chip fabs and AI data centres.
Business
Oil slips as traders weigh lull in US-Iran strikes
Oil prices edged lower as markets assessed a tentative pause in US-Iran hostilities, with crude transits through the Strait of Hormuz below average.
Diversified Energy to Acquire Birch in $1.8 Billion Permian Basin Deal
Diversified Energy will buy Birch for $1.8 billion, adding 68,000 boepd and 480 wells in the Permian Basin.
Diversified Energy to Acquire Permian Basin Operator Birch in $1.8 Billion Deal
Diversified Energy announced a $1.8 billion deal to buy privately held Birch, gaining assets in the Permian Basin.
Honda pushes suppliers for 30% cost cuts in $9.4 billion China response
Honda has told suppliers to slash costs by 30% in key parts categories, part of a 1.5 trillion yen savings plan to counter Chinese EV competition.
India Bond Yields Set to Climb as Oil and US Rates Pressure Sentiment
Indian bond yields are expected to rise further as high oil prices and surging US Treasury yields weigh on investor sentiment.
Chicago wheat slips after 3-1/2-year peak as Black Sea tensions persist
Chicago wheat futures eased after hitting a 3-1/2-year high, as traders assess continued Black Sea export disruptions from the Russia-Ukraine conflict.
Kiwi slips as RBNZ signals gradual path; Aussie firm on strong GDP
RBNZ's cautious rate outlook weakens NZ dollar; Australian GDP beat narrows odds on another RBA hike.
Rupee's Rally Faces Fresh Test as Oil Surge, US Yields Weigh
The Indian rupee is set to open lower as surging oil prices and higher US Treasury yields challenge the RBI's recent intervention-driven rally.
US Bond Yields Climb to Multi-Year Highs as Oil Rally Stirs Inflation Worries
US Treasury yields hit multi-year highs as oil prices jumped on US-Iran tensions, reviving global inflation fears.
Australia Approves Kimberly-Clark-Kenvue Deal, Mandates Brand Divestment
Australia's ACCC approves Kimberly-Clark's $40 billion Kenvue acquisition, conditional on divesting Carefree and Stayfree brands to preserve market competition.
Asian Stocks Slide as US-Iran Tensions Push Oil Higher, Bond Yields Rise
Asian markets fell sharply on Wednesday as US-Iran tensions lifted oil prices and bond yields, stoking inflation fears and a global equity selloff.
Gold Slips to Two-Week Low as Yields, Dollar Firm; US Jobs Data Awaited
Gold hit a two-week low on Wednesday, pressured by higher Treasury yields and a firm dollar, as markets awaited US jobs data for rate signals.
Court Orders Forensic Audit in Daiichi-Fortis Case; No Penalty on IHH
Indian court orders forensic audit into Fortis promoter shareholding dissipation and IHH's acquisition; no penalty imposed.
Gold Holds Steady as Markets Eye US Jobs Data, Iran Tensions
Gold prices stabilised on Tuesday as investors weighed Middle East tensions against upcoming US jobs data that could influence Federal Reserve policy.
Shein's Hong Kong Debut Opens Flat After Valuation Slumps to $26.5 Billion
Shein's shares opened flat on its Hong Kong debut, with the IPO valuing the firm at $26.5 billion, down from $100 billion in 2022.
Rural banks see sharp rise in new-hire exits; Nagaland RRB loses all fresh officers
Newly recruited staff at regional rural banks are quitting at record rates, with Nagaland Rural Bank losing all new officers. The finance ministry is reviewing retention strategies.
AUSTRAC Launches Probe Into Western Union's Anti-Money Laundering Systems
Australia's AUSTRAC is investigating Western Union and its local unit over anti-money laundering and counter-terrorism financing compliance.
Asia's refined fuel imports hit post-war low as Iran crisis deepens
Asia's refined fuel imports dropped to a post-war low in August, with Middle East supply losses and constrained shipping compounding the crisis.
NCLT forms first five-member bench to hear Subhash Chandra insolvency case
NCLT constitutes its first five-member bench to adjudicate Subhash Chandra's personal insolvency case involving claims over ₹22,000 crore.