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Asia shares edge up as chip selloff eases; US CPI awaited
HONG KONG: Asian shares inched higher on Wednesday as those related to artificial intelligence found respite after a selloff, while any gain was tempered by elevated oil prices and caution ahead…
Business Recorder- Mergers & dealsUpdated
SK Group Chairman Chey sells stake to Dell family office fund for $406 million
SEOUL: SK Group Chairman Chey Tae-won has agreed the sale of a 1.34% stake in holding company SK Inc to an investment fund linked to Dell Technologies founder Michael Dell for 544 billion won ($406…
Business Recorder Oil prices climb as traders weigh Saudi supply risk, Russian diesel flow
TOKYO: Oil prices climbed on Wednesday as traders weighed supply risk from fighting between Yemen’s Houthis and Saudi Arabia against the prospect of increased diesel from Russia.
Business RecorderDollar languishes as focus turns to CPI, Fed speakers
TOKYO: The dollar languished on Wednesday as traders awaited fresh signals on the timing for interest rate hikes to contend with persistent inflation.
Business Recorder
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