Minister apologizes as Korean leveraged ETF investors nurse heavy losses amid chip stock rout

South Korean Finance Minister Koo Yun-cheol said on Tuesday he would try to derive a mutually beneficial trade agreement with the United States. Bloomberg | Bloomberg | Getty Images South Korea’s finance minister apologized on Wednesday after retail investors racked up heavy losses from leveraged bets on stocks, following rule changes earlier this year. The…

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Skyroot rocket puts India alongside U.S., China in private orbital launch

Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of  “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. On Saturday, Indian space-tech startup Skyroot successfully test-launched a low-orbit rocket carrying a payload of 350 kilograms, marking its entry into the global satellite…

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The AI rotation stole the spotlight from a strong start to earnings season

The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected June reports on consumer and producer prices offered encouraging signs that inflation continued to ease, while earnings from the nation’s largest banks reinforced the strength of capital markets. At the same time, investors kept one…

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Amazon, Flipkart aim for delivery-in-minutes

Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of  “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. India’s 15-minute delivery boom is reshaping one of the world’s fastest-growing e-commerce markets. The service, expected to account for nearly 40% of online retail…

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reported $1.3 reported trillion spending plans

Close-up of logo for Samsung on research building in the Silicon Valley, Mountain View, California, October 28, 2018. Smith Collection/gado | Archive Photos | Getty Images Shares of Samsung Electronics and SK Hynix plunged on Monday after reports surfaced that the pair are expected to unveil investment plans worth more than a trillion dollars. Samsung…

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