Premier Foods has begun a Section 189 process as its R1 billion Tulbagh cannery faces closure, citing US tariffs, weak export demand and rising operating costs.
Premier Foods has begun a Section 189 process as its R1 billion Tulbagh cannery faces closure, citing US tariffs, weak export demand and rising operating costs.
South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country's crucial semiconductor industry. - Key sector - The plan will also create a "semiconductor ecosystem fund" worth a trillion won, which will support fabless companies and small and medium enterprises linked to the industry.
G7 finance ministers gather in Italy on Thursday for a three-day meeting dominated by plans to use Russian assets to help Ukraine, as well as new sanctions on Moscow and the commercial threat posed by China.
Asian markets diverged Thursday after minutes from the Federal Reserve's most recent policy meeting indicated officials would keep interest rates elevated for some time as they struggle to bring inflation down to target.
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