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8/26
02:38
SK Innovation expects its merger with loss-making battery separator unit SK IE Technology (SKIET) to cut annual costs by about 60 billion won ($43.3 million) and return the business to earnings before interest, taxes, depreciation and amortization (EBITDA) profitability within two years. The company plans to eliminate overlapping operations in marketing, production, and other functions after absorbing SKIET, executives said during an online briefing today.
02:34
Choon Chong Tay, managing partner at Temasek-backed VC firm Vertex Ventures China, stated that despite new US restrictions on advanced robotics, Chinese robotics companies can still access the US market by establishing genuine operations in Singapore, including daily operations, recruitment, and control over key components. This move aims to circumvent the Donald Trump administration's July ban on foreign-made humanoid robots and other mobile robots from entering the US, citing national security concerns. Vertex Ventures China's portfolio includes humanoid robot manufacturer Unitree Robotics, which derives about 18% of its revenue from the US market. Tay believes that if Singapore-certified robots are safe and reasonably priced, economic factors will ultimately outweigh political considerations. However, this circumvention strategy remains untested, and international trade rules typically determine the country of origin based on where a product undergoes "substantial transformation."
02:29
UBS Evidence Lab data shows that as of August 9, global MLCC distributor inventory volume decreased by another 8% compared to four weeks ago (July 11), continuing to hit a new historical low. At the same time, inventory value increased by 10% and the unit price index rose by 7% during the same period. UBS believes that the tightening of supply and demand will originate from AI-related demand and distributor channels, and then spread to the overall market. It maintains a "buy" rating on Samsung Electro-Mechanics, Murata Manufacturing, and TDK, and a "neutral" rating on Taiyo Yuden.
02:27
The political parties are stepping up their battle over how Taiwan should fund and develop its drone industry, against the backdrop of China's military buildup and the rapid evolution of modern warfare.
02:22
Analysts believe the won's recent rally could gain further momentum from these initiatives. The Korean won broke into the 1,300-per-dollar range earlier this month for the first time since October, and has been hovering around the 1,370-1,380 per dollar range in recent sessions.
02:15
Iran's Deputy Foreign Minister Kazem Gharibabadi stated on Tuesday that the new seven-mile (11.3km) wide transit corridor's entry and part of its exit would pass through Iranian territorial waters. However, Gharibabadi insisted that the waterway would not fully reopen until the United States fulfills its commitments under an interim peace deal signed in June. The agreement follows weeks of on-and-off talks between the two coastal nations regarding traffic control through the strategic strait, which previously handled one-fifth of global oil and liquefied natural gas shipments.
02:13
The study by Prescient AI indicates that for every $1 spent on X ads, advertisers saw an average return of $5.42. Following these results, advertisers reportedly more than doubled their spending on the platform, which helped both create demand and drive immediate sales.
01:55
Hyundai's decision to begin deploying Atlas humanoid robots at its nonunion US factories in Georgia by 2028 is exposing a trans-Pacific divide over automation. While its Korean union has raised concerns about the potential impact of physical artificial intelligence and robotics during this year's labor negotiations, demanding job protections, organized resistance has yet to emerge at its US plants. Hyundai has not announced plans to deploy Atlas at its Korean plants.
01:55
CXMT's LPDDR6 will be the first domestically produced memory to be paired with Xiaomi's Xring O3 processor and put into commercial use, according to supply chain sources cited by Beijing News on Tuesday. This comes less than a month after South Korea's Hynix was reported as the first expected supplier for Xiaomi's next-generation mobile memory, LPDDR6.
01:55
According to a Bloomberg report, BlackRock has significantly reduced the minimum value of bitcoin required for direct swaps into its Nasdaq-listed spot BTC ETF, IBIT, from $25 million to $1 million in July. This move, also mirrored by Bitwise cutting its threshold from $100 million to $3 million, is accelerating due to crypto crime, hacks, and custody failures. The “in-kind creation” process allows investors to exchange BTC for ETF shares without incurring capital gains tax from selling their holdings. IBIT has already processed over $5 billion in such swaps.
01:49
Japanese trading house Mitsubishi Corp. is targeting a record net profit of 1.2 trillion yen ($7.5 billion) for the fiscal year ending March 2028. CEO Katsuya Nakanishi stated that geopolitical risks bring out the company's strengths, as it possesses expertise in laying out different scenarios. This target comes seven years after Warren Buffett's Berkshire Hathaway first invested in the company. Nakanishi also noted that the prompts and questions humans feed to AI will become more important.
01:48
Cato Institute's Doug Bandow told 'This is America' that Tehran is playing a game of 'chicken', believing these factors will force Trump's retreat.
01:45
Kevin Warsh's speech was his first public statement since the controversial July interest rate decision. Previously, US Treasury Secretary Scott Bessent directly intervened in the market last week by unexpectedly increasing bond buybacks, stating that "yields fail to reflect fundamentals," which clearly diverged from Kevin Warsh's previous stance that "rising yields are a good thing." The Treasury Department has initiated a debt management transformation, planning to double the size of buybacks for long-term, low-liquidity bonds starting in September, with an additional approximately $16 billion in buybacks each quarter, funded by issuing short-term Treasury bills. The market views this as a "twist operation."
01:35
Options turnover on India’s biggest stock exchange, which is preparing for an IPO, fell to the lowest in a year on monthly expiry day. This decline reflects the impact of stricter trading rules and the introduction of a closing-auction system in the world’s largest equity derivatives market.
01:34
Three major LS Cable & System subsidiaries, Gaon Cable, LS Eco Energy, and LS Marine Solution, generated combined revenue of $1.75 billion (2.42 trillion won) and operating profit of 119.7 billion won in the January-June period. The record performance was fueled by increased demand for cables, bus ducts, and subsea infrastructure due to investments in AI data centers and power grids. Gaon Cable's consolidated revenue rose 27.3% to 1.63 trillion won, with operating profit jumping 41.8%.
01:23
Visa appointed Chatterjee on Wednesday, tasking him with accelerating digital payment growth in the two markets. He will oversee Visa’s business strategy and strengthen relationships with financial institutions, merchants, and other partners. Chatterjee has spent nearly 20 years at Visa, holding leadership positions across product innovation, client management, and business development in the Asia-Pacific region.
01:21
CryptoQuant data show XRP’s estimated leverage ratio on Binance at its highest since January, with long accounts outnumbering shorts as futures volume runs more than five times spot trading.
01:13
LG CNS on Wednesday said it has officially entered the liquid cooling business by partnering with Naver Cloud to deploy a direct-to-chip liquid cooling system at the Samsong data center in Goyang, Gyeonggi Province. LG CNS took over the operation of the data center in April this year and signed a co-location agreement with Naver Cloud. The 80-megawatt data center is owned by an asset management company, with LG CNS responsible for its operation, and Naver Cloud leasing part of the space, whose cooling infrastructure will support Naver Cloud's operations.
01:08
Stock Exchange of Thailand (SET) President Asadej Kongsiri stated that the bourse is observing significant interest from companies looking to raise capital. He made the remarks from the sidelines of 'Thailand Focus 2026'.
01:02
DeepSeek, a Chinese artificial intelligence start-up, is nearing the completion of a new funding round that values the company at about 500 billion yuan (US$74 billion) before investment. The company was seeking to raise about 50 billion yuan in this round, which was expected to close before the end of August. DeepSeek is moving closer to a potential listing on Shanghai’s Star Market in 2027.
00:55
The filing indicates that the derivatives exchange has secured $1.12 billion in capital since April. This development follows earlier reports this month that Kalshi was seeking to raise $750 million in new capital at a $40 billion valuation.
00:53
President Prabowo Subianto aims to lift economic growth to 6% in 2027 while keeping the fiscal deficit at 2.4% of GDP. However, economists like Ashok Bhundia of the Institute of International Finance believe these targets are "overly ambitious on timelines" and may require an "unanticipated commodity boom." Capital Economics' Gareth Leather called 6% growth a "huge kind of leap," while Yanuar Rizky of Bright Institute deemed budget assumptions "completely unrealistic." The plan comes as MSCI extended its review until November on whether to downgrade Indonesia to a frontier market, amid concerns over fiscal spending and central bank independence.
00:42
Elon Musk's SpaceX faces immense challenges with its plan to launch millions of satellites into orbit to build an orbital data center supporting AI applications. The Financial Times reports that this ambitious bet faces severe tests, both physically and financially.

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