MOSCOW, Dec 16 : Russia’s space agency said on Tuesday that work was underway to repair a damaged launch pad at the Baikonur cosmodrome in Kazakhstan that underpins its space programme and that the facility should be back in use by February of…
Category: 1. Iran
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Morgan Stanley flags slower gains for gold in 2026, sees $4,800/oz by fourth quarter
Dec 16 : Morgan Stanley on Tuesday projected gold prices would see smaller gains in 2026 as central banks and exchange-traded funds reduce purchases, but anticipated rate cuts and a weaker dollar would sustain upward momentum.
The bank forecast…
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Bank of Korea board members wary of FX risks, preserving policy room, minutes show
SEOUL, Dec 16 : Most Bank of Korea board members were worried about a weaker won fueling financial instability and price pressure as they kept interest rates unchanged on November 27, minutes of the meeting showed, signalling that the current…
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Crypto exchange HashKey raises $207 million in Hong Kong IPO
Dec 16 : HashKey Group, Hong Kong’s largest licensed crypto exchange, has set its initial public offering price at HK$6.68 per share, raising HK$1.61 billion ($206.96 million), according to an exchange filing on Tuesday.
The company offered 240.6…
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Shares of LG Energy Solution fall 6% after Ford retreats from EV push
SEOUL, Dec 16 : Shares of South Korean battery maker LG Energy Solution fell 6 per cent by 0554 GMT after customer Ford Motor said on Monday it is killing several electric vehicle models.
LG Energy peer Samsung SDI dropped 3.5 per cent and…
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Hong Kong unemployment holds steady at 3.8% in September-November
HONG KONG, Dec 16 : Hong Kong’s seasonally adjusted unemployment rate held steady at 3.8 per cent in September to November, as compared to the preceding three-month period, the government said on Tuesday.
“The solid expansion of the Hong Kong…
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App developers urge EU action on Apple fee practices
Dec 16 : A coalition of 20 app developers and consumer groups on Tuesday called upon European regulators to enforce EU laws against Apple, saying the company’s fee structure unfairly disadvantages European developers compared to their U.S. rivals…
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BAE Systems halves stake in Kazakh carrier Air Astana
Dec 16 : Britain’s BAE Systems said on Tuesday it will cut its stake in Kazakh carrier Air Astana by nearly half.
The aircraft maker, which currently holds about 16.95 per cent stake in Air Astana, is selling global depository receipts…
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OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
Dec 16 : OpenAI has appointed former British finance minister George Osborne as managing director and head of its “OpenAI for Countries” initiative, the company said on Tuesday, as the ChatGPT maker ramps up efforts to work with governments on…
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US Issues Ultimatum To Ukraine Over Russia War: Telegraph
The United States has given Ukraine a “take it or leave it” ultimatum, warning that an offer of NATO-style security guarantees could be withdrawn if Kiev does not agree to Washington’s proposed peace terms, according to The Telegraph.
On…
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