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AI chip boom yet to lift South Korea’s wider economy, Nomura economist sees limited spillover into demand

South Korea’s artificial intelligence-led semiconductor boom has yet to generate a meaningful spillover into the broader economy, even as concerns over the won and financial stability are increasing the likelihood of a Bank of Korea (BOK) rate hike next month, Nomura’s senior economist said.Speaking at Nomura’s Korea Equities & Economy Media Briefing in Seoul, Park...
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US-China friction returns: Beijing protests Pentagon’s military-company label for BYD, Alibaba and Baidu

China on Saturday opposed the United States for adding several leading Chinese companies, including BYD, Alibaba and Baidu, to a Pentagon list of firms alleged to have links with the Chinese military, arguing that the move undermines understandings reached during last month’s summit between US President Donald Trump and Chinese President Xi Jinping.This comes despite...
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Lilly, Novo, Pfizer look to new weight loss drugs

Drugmakers are only months into introducing GLP-1 pills and navigating huge changes in how patients pay for weight-loss drugs. Even so, they’re already outlining their visions for the future of obesity drugs. At the American Diabetes Association’s Scientific Sessions in New Orleans last week, drugmakers pitched doctors and investors on the idea of new shots...
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Venezuela oil rush: US investors chase Trump’s $100 billion call as funds target energy assets – report

US investment groups are racing to capitalise on the reopening of Venezuela’s oil sector, targeting underinvested oilfields and launching new investment vehicles after US President Donald Trump’s January call for companies to invest $100 billion to help rebuild the country’s energy industry, the Financial Times reported.Among the early movers is Miami-based Lionheart Capital, which has...
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