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  • Asian Stocks Drop Amid Default Fears, Nvidia Boosts Chipmaking Shares

    Asian Stocks Drop Amid Default Fears, Nvidia Boosts Chipmaking Shares0

    Most Asian stocks fell on Thursday as fears of a U.S. debt default persisted amid little progress toward raising the debt ceiling, although chipmaking stocks outperformed tracking a robust outlook from Nvidia. Japan’s Nikkei 225 index rose 0.6%, supported chiefly by nearly 16% jump in semiconductor testing equipment maker Advantest Corp (TYO:6857). The stock, which

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  • South Korea Asks US to Review China Rule For Chip Subsidies

    South Korea Asks US to Review China Rule For Chip Subsidies0

    South Korea has asked Washington to review its criteria for new semiconductor subsidies, concerned over the impact of rules to limit chip investment in countries such as China, a U.S. public filing showed. In March, the U.S. commerce department proposed rules to prevent China and other countries it deems to be of concern from tapping

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  • Crypto verse: Busy Bitcoin Births New Breed of Crypto

    Crypto verse: Busy Bitcoin Births New Breed of Crypto0

    Daily transactions have rocketed to an all-time high of 682,000 this month, according to data from Glasson, almost 40% higher than the previous peak in 2017. Bitcoin’s dominance, or its share of the overall $1.16 trillion cryptocurrency market, has swelled to 44% from 38% at the start of the year. What’s going on? Enter BRC-20,

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  • Australia wins U.S. Support For Critical Minerals Industry

    Australia wins U.S. Support For Critical Minerals Industry0

    Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as other minerals like rare earths used in batteries for electric cars

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