Business Recorder

Samsung plans $1.5 billion chip testing plant in Vietnam, document shows

HANOI: Samsung Electronics plans to invest 39 trillion dong ($1.5 billion) in Vietnam to build a semiconductor testing plant, its proposal document showed, an expansion that will help ease a global shortage of memory chips driven by surging AI dem…

#Samsung #Vietnam

Business Recorder

New Zealand central bank holds rates steady in tight vote, warns hikes to come sooner

WELLINGTON: New Zealand’s central bank held rates steady on Wednesday, but a split vote underscored a knife-edge decision, as policymakers warned rates will need to rise sooner and by more than expected to counter an energy shock rippling through …

#NewZealand #CentralBank #Economy

Business Recorder

New Zealand dollar rallies as RBNZ comes close to hiking

SYDNEY: The New Zealand dollar bounced on Wednesday after the country’s central bank came unexpectedly close to lifting interest rates, while its Australian peer dipped as data showed headline consumer price inflation slowed in April. The Reserve …

#NewZealand #RBNZ

Business Recorder

Oil pulls back as traders look for progress on US-Iran talks

BEIJING: Oil prices pulled back from recent highs on Wednesday, erasing some of the previous day’s 4% gain as traders sought clarity on complex negotiations between Iran and the US after renewed hostilities set back efforts to reopen the Strait of…

#OilProfits

Business Recorder

Copper hits near two-week high, aluminium hovers around four-year peak

London copper prices rose to a near two-week high on Wednesday, as lower oil prices eased fears of inflation and slowing economic growth, while aluminum hovered near its highest level in more than four years on supply concerns. Three-month copper …

Business Recorder

Sevastopol governor says Ukraine used Storm Shadow missiles in attack

Air defence units in the port of Sevastopol in Russian-occupied Crimea downed over 20 Ukrainian drones early on Wednesday, with Ukraine also using Storm Shadow missiles, the city’s governor said on Telegram. There were no injuries according to pre…

#Sevastopol #UkraineWar

Business Recorder

Growing food economy with shared kitchens

The evolution of the global food industry is moving away from the traditional high street restaurant to a more efficient, shared infrastructure. Around the world, restaurants are increasingly replacing expensive dining rooms with the shared kitche…

#FoodEconomy #EconomicVision

Business Recorder

Goldman Sachs lifts S&P 500 year-end target to 8,000 on strong earnings outlook

Goldman Sachs has raised its 2026 year-end forecast for the S&P 500 index to 8,000 from 7,600, citing continued strength in corporate earnings. The target is 6.4% higher than the index’s last close of 7,519.12. “Earnings growth has powered the ent…

#GoldmanSachs #SP500

Business Recorder

Indian equity benchmarks muted on caution over shaky US-Iran truce

India’s stock benchmarks were little changed in early trade on Wednesday, as caution prevailed over the shaky truce between the U.S. and Iran amid worries of an escalation in the Middle East conflict. The benchmark Nifty 50 rose 0.08% to 23,937.90…

#US #Iran #Truce

Business Recorder

China, HK shares drop as AI, property offset strong profit data

HONG KONG: China and Hong Kong stocks retreated in volatile trade on Wednesday, pulled down by AI and property-linked shares despite domestic data showing industrial profits grew at their strongest pace in more than two years. The blue-chip CSI300…

#China #HK #ProfitData