South Korea’s KOSPI crashes around 11%: Circuit breaker triggered, market sees worst session in 5 months

So far this month, the KOSPI has fallen 29%, surpassing its previous record monthly decline of 27% recorded in October 1997. South Korean equities suffered their steepest one-day decline in nearly five months on Tuesday, with the benchmark KOSPI sliding almost 11% as a global rout in semiconductor stocks battered SK Hynix and Samsung Electronics. … Read more

Oil prices fall to one-week low as hopes of US-Iran breakthrough ease supply concerns

Oil prices dropped more than $1 per barrel amid hopes of easing US-Iran tensions Oil prices extended losses on Tuesday, dropping more than $1 per barrel as hopes of a diplomatic breakthrough between the United States and Iran eased concerns over disruptions to global energy supplies.Brent crude futures fell $1.47, or 1.66%, to $86.89 a … Read more

US firms training AI using Chinese examples: Beijing

Beijing accused US artificial intelligence firms Monday of using Chinese examples to train their models, days after Washington threatened sanctions on Chinese firms for allegedly stealing American technology.“It is understood that many American artificial intelligence enterprises have distilled Chinese models during their research, development and training processes,” the Chinese commerce ministry said in a statement.Distillation … Read more

MSRDC case: HDFC Bank’s board imposes Rs 1 lakh penalty each on its MD, CFO and Group head

The board also issued warning letters to the other employees involved in the case. HDFC Bank’s board has imposed a monetary penalty of Rs 1 lakh each on its three senior-most executives – Managing Director and Chief Executive Officer Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and Group Head (Retail Assets) Arvind Vohra. The penalty … Read more