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Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed.

China has set up the country's largest-ever semiconductor investment fund to propel development of the domestic chip industry, the latest effort from Beijing to achieve self-sufficiency as the US seeks to restrict its growth. The third phase of National Integrated Circuit Industry Investment Fund has amassed 344 billion yuan ($47.5 billion) from the central government and various state-owned banks and enterprises, including Industrial & Commercial Bank of China Ltd, according to Tianyancha, an online platform that aggregates official company registration information. The fund was incorporated on May 24.

dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for «carry» in recent months, punishing low-yield currencies and supporting the dollar, while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.

Why this Swedish PE firm is willing to bet $5 billion in India this yearThe Mid-Market Growth strategy—which focuses on the technology, services, and healthcare sectors across Asia, will make investments in South East Asia, Japan and Australia, in addition to India, the firm said. EQT said this strategy “is a natural extension" of its established large-cap buyout platform in Asia.

North Korean ballistic missile, reported Reuters.'Stay indoors or find shelter', the Japanese government said over its J-Alert broadcasting system, the report said.Meanwhile, North Korea has said that its attempt to put another spy satellite into orbit has failed, adding that a rocket carrying the spy satellite exploded in mid-air on Monday.Earlier, the South Korean Joint Chiefs of Staff said that the launch vehicle may have failed in flight, adding it had detected "many fragments" in the ocean from the rocket in the sea. The report further said South Korean and US intelligence agencies are investigating whether the launch had failed.“Around two minutes after it detected "what's suspected to be the North's military reconnaissance satellite...

ALSO READ: Mukesh Ambani & Nita Ambani to host Anant-Radhika's 2nd pre-wedding bash? Check the date, venue and guest list hereEarlier, celebrities like Alia Bhatt, Ranbir Kapoor, Ranveer Singh, Salman Khan, MS Dhoni, and others were seen at Mumbai's private airport on Monday. They would be the guests at a a luxury cruise that will embark on a picturesque 4,380-kilometre journey from Italy to the South of France and back, reported Hindustan Times.ALSO READ: Bill Gates congratulates Anant Ambani, Radhika Merchant, says Jamnagar pre-wedding event gave him excuse to...1) The second pre-wedding celebrations of Anant Ambani and Radhika Merchant will take place in Italy between 28 May to 1 June.2) Around 800 guests will mark the presence in the a luxury cruise liner, reported Deccan Chronicle.3) The luxury cruise in Europe will sail for a picturesque 4,380 kilometre journey from Italy to the South of France and back.4) The celebration will start with a welcome lunch, followed by a 'Starry Night'- themed evening gala on 29 May.ALSO READ: Video: Mark Zuckerberg gets impressed with Anant Ambani’s Richard Mille watch; wife Priscilla Chan says, ‘Want that’5) The guests will land in Rome for a tourist day out on 31 May and they will land in Cannes for a masquerade bash on 31 May.

The price of decentralized data storage coin JasmyCoin ($JASMY) has pumped 13% in the last 24 hours and 32% in the last week on news that the US SEC has approved exchange-traded funds (ETFs) for Ethereum ($ETH), the coin powering Jasmy’s native blockchain.

With the dollar on the rise, American tourists can outspend the locals in some of the world’s top travel spots. Visitors to Asia, South America and Eastern Europe are upgrading their accommodations and enjoying fine dining at prices that can’t be matched back home. The strong dollar, bolstered by high interest rates and a strong economy, allows those who normally scour for budget deals to feel rich enough to reserve tables at Michelin-recommended restaurants.

health cooperation, India and Japan have agreed to advance their collaborative efforts during a meeting on the sidelines of the 77th World Health Assembly (WHA) in Geneva, officials on Monday said. The two nations emphasised their commitment to building on the Memorandum of Cooperation signed in 2018, they said. The key areas of focus included expanding cooperation into new domains such as digital health, the use of artificial intelligence (AI) in healthcare, elderly care, and tackling non-communicable diseases. This initiative aims to leverage technological advancements to improve health outcomes and address the growing challenges posed by an ageing population and lifestyle-related diseases, the officials said.

data which culminates in a key U.S. inflation report that could set the stage for a cut in interest rates there, albeit not for a few months yet. Holidays in the United States and UK made for thin trading ahead of Friday's figures on core personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation. Median forecasts are for a rise of 0.3% in April, keeping the annual pace at 2.8%, with risks on the downside.

dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. Foreign exchange trade has been dominated by the hunt for «carry» in recent months, punishing low-rate currencies and supporting the dollar while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.

traded sideways throughout the session to close with a loss of 17 points at 22951 levels on Friday. «We expect the market to witness a gradual up-move and see some volatility next week as both election and earning season are nearing the end,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Leaders of China and Japan arrived in Seoul to meet separately with South Korea's president on Sunday, a day before they gather for their first trilateral meeting in more than four years. No major announcement is expected from Monday's trilateral South Korea-China-Japan meeting. But just resuming their highest-level, three-way talks is a good sign and suggests the three Asian neighbors are intent on improving their relations.

ALSO READ: Oil records longest losing streak in 5 months, Brent drops 2% at $82; here's whyOn May 30 (Thursday), first revised GDP (gross domestic product) data for the first quarter will be released.May 31 (Friday) will see the release of personal income data for April and core PCE (personal consumption expenditure) index data for April.Following companies are due to report quarterly earnings in the week ahead— Box, CAVA Group, Bank of Nova Scotia, Salesforce, DICK'S Sporting Goods, Agilent, Chewy, HP Inc., Pure Storage, Capri Holdings, Okta, C3.ai, Abercrombie & Fitch, Best Buy, Birkenstock, Royal Bank of Canada, Dollar General, Foot Locker, Costco, Gap, Marvell, Dell, NetApp, Nordstrom, Genesco, and Frontline.A high profile cryptocurrency event named CoinDesk Consensus will be held on Wednesday.The event, aimed at solving crypto industry challenges, will see hard-hitting conversations with visionary speakers and hands-on workshops.ALSO READ: Yellow metal sees correction; short and long-term outlook remains positiveUS stocks rose on Friday on reports of improving consumer outlook on inflation.The Dow Jones Industrial Average rose 4.33 points, or 0.01 per cent, to 39,069.59. The S&P 500 gained 36.88 points, or 0.70 per cent, at 5,304.72 and the Nasdaq Composite advanced 184.76 points, or 1.10 per cent, to 16,920.79.For the week, the Dow dropped 2.34 per cent, the S&P edged up 0.03 per cent and the Nasdaq gained 1.41 per cent.The US dollar rose to 157.00 yen from 156.91 Japanese yen.

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Top Events on May 26: India is all set to witness various political, international, technological, and sports events on Sunday. Congress leaders Mallikarjun Kharge and Rahul Gandhi will address poll rallies in Odisha. South Korea, China, and Japan will hold their first trilateral summit today.

Benchmark U.S. crude oil for July delivery fell 70 cents to $76.87 per barrel Thursday

The dog that skyrocketed to internet fame and became the face of the cryptocurrency dogecoin has died

Sikka, now the executive director and chief executive officer,has been at the helm of Nippon India MF since 2009. Some of Nippon India's MF schemes are very popular among investors. These include its small-cap mutual fund, which is ranked first in terms of assets under management (AUM).

announced a record dividend payout of ₹2.1 trillion to the government for the fiscal ended 31 March 2024 (FY24). This is higher than the government’s budget estimate and analysts' expectation of ₹1 trillion, and 141% larger than the ₹87,416-crore dividend payout in FY23. The central bank has also raised the contingency risk buffer (CRB) to 6.5% from 6% in the previous year.

Also Read: X user flags ‘worst feature' on social media platform; Elon Musk replies…The dog owner also informed about a farewell party for Kabo-chan on Sunday, May 26th. The party will be held in Japan's Nara City from 1 to 4 p.m. According to media reports, Kabosu was diagnosed with cholangiohepatitis and chronic lymphoma leukaemia in 2022.