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Singapore Airlines on Wednesday warned that a key revenue metric would remain under pressure this year as rising competition crimps average fares and higher fuel costs dent group profit.
SEOUL/TOKYO -- Samsung Electronics' chip segment has yet to fully reap the spiking demand for advanced AI semiconductors due to initial production setbacks that allowed rival SK Hynix to surge ahead.
BANGKOK -- The Arakan Army (AA), an armed ethnic group in Myanmar, is taking advantage of the monsoon rains sweeping across the country to intensify its offensive against the military regime's troops in Rakhine state, located along the country's western coast and bordering Bangladesh.
Switzerland's stock exchange SIX said trading had been halted on Wednesday morning across all products until further notice due to issues with disseminating data.
Microsoft shares fell as much as 7% in extended trading on Tuesday as investors looked past better-than-expected earnings and revenue and focused instead on disappointing cloud results. But executives provided a dose of optimism when they predicted a cloud growth speed-up in the first half of 2025.
Samsung Electronics on Wednesday reported higher-than-expected second-quarter revenue and operating profit, as demand for its advanced memory chips that are crucial for artificial intelligence training remained strong.
HONG KONG -- Asia Standard Hotel Group, a hotel chain operator in Hong Kong, has revealed substantial losses from its investment portfolio including bonds issued by embattled mainland property developer China Evergrande Group, which is currently under bankruptcy proceedings.
SEOUL -- Samsung Electronics' semiconductor division swung to profit in the second quarter due to strong demand for artificial intelligence chips, as competition to lead the global market for such tech heats up.