US: Wall St opens marginally higher as markets weigh data

US: Wall St opens marginally higher as markets weigh data

Published Thu, Jul 17, 2025 · 09:53 PM [NEW YORK] Wall Street opened largely steady on Thursday (Jul 17), as investors mulled over fresh economic data, while upbeat results from Taiwan’s TSMC that energised US chipmakers. At 09.31 am ET, the Dow Jones Industrial Average rose 40.95 points, or 0.09 per cent, to 44,295.73. The…

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‘The Summer I Turned Pretty’ Season 3, Episode 1: 5 things you may have missed, from Belly’s photo wall to Sour Patch Kids and more

‘The Summer I Turned Pretty’ Season 3, Episode 1: 5 things you may have missed, from Belly’s photo wall to Sour Patch Kids and more

Calling all The Summer I Turned Pretty fans. We are so back (to the beach). It’s been an agonizing wait since TSITP‘s eventful Season 2 finale aired back in August 2023 and we watched Belly (Lola Tung) choose Jeremiah (Gavin Casalegno) over Conrad (Christopher Briney). But the hit Prime Video drama returned for its highly-anticipated…

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Samsung chairman Lee’s long legal saga ends with acquittal

Samsung chairman Lee’s long legal saga ends with acquittal

[SEOUL] Samsung Electronics executive chairman Lee Jae-yong was cleared of all charges related to accounting fraud and stock manipulation by South Korea’s Supreme Court, marking a major legal victory for the billionaire head of the world’s largest electronics empire. The top court on Thursday (Jul 17) upheld a Seoul High Court ruling that acquitted Lee…

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Singapore shares continue winning streak; STI up 0.7%

Singapore shares continue winning streak; STI up 0.7%

The benchmark index reaches a high for a fourth consecutive trading day at 4,161.43 [SINGAPORE] The benchmark Straits Times Index (STI) extended its winning streak on Thursday (Jul 17), tracking gains in regional markets. The STI rose 0.7 per cent or 29.18 points to close at 4,161.43 – reaching a high for a fourth consecutive…

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OCBC to develop quantum applications with NUS, NTU and SMU

OCBC to develop quantum applications with NUS, NTU and SMU

[SINGAPORE] OCBC will embark on research collaborations with three local universities to develop applications of quantum technology in derivative pricing, fraud detection and data security. The bank announced this during a media briefing on Thursday (Jul 17), where it signed 12-month long collaboration agreements with the National University of Singapore (NUS), Singapore Management University (SMU)…

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Volvo Car posts US$1 billion loss over impairment, tariffs

Volvo Car posts US billion loss over impairment, tariffs

The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Published Thu, Jul 17, 2025 · 04:06 PM [STOCKHOLM] Volvo Car posted a US$1.03 billion operating loss in the second quarter, hit by a previously announced impairment charge over model delays and the escalating cost of tariffs. The automaker’s retail sales plunged…

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TSMC posts record quarterly profit on AI demand, but is cautious on tariff impact

TSMC posts record quarterly profit on AI demand, but is cautious on tariff impact

[TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC), the world’s main producer of advanced artificial intelligence (AI) chips, posted record, forecast-beating quarterly profit on Thursday (Jul 17) but warned that future income might be hit by US tariffs, though perhaps not until the fourth quarter. Saying demand for AI was getting stronger and stronger, TSMC predicted another…

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China vows to address ‘irrational competition’ in EV sector

China vows to address ‘irrational competition’ in EV sector

[BEIJING] China pledged to rein in “irrational competition” in its electric vehicle (EV) sector, reflecting authorities’ increasing urgency to tackle deflationary price wars threatening economic and industrial growth. The vow came in a State Council meeting on Wednesday (Jul 16) that was chaired by Premier Li Qiang, according to a readout published by Xinhua News…

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