DIRS.INFO The most relevant business & tech news

☆ Asia markets set for mixed open as investors digest Wall Street's strong earnings
▼ + stars: | 2023-07-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a mixed open on Wednesday as investors digest better-than-expected results from Wall Street. Overall, the earnings season was off to a strong start. In Australia, futures for the S&P/ASX 200 were at 7,278, lower than the index's last close of 7,283.8. Australia will see its unemployment figures out Thursday, seen as critical to the central bank on whether it will continue to hike rates. Hong Kong's Hang Seng index looks set to continue sliding after falling more than 2% on Tuesday, with futures at 18,898 compared to the HSI's last close of 19,015.72.

Organizations: Wall, Nikkei, Reuters Locations: Asia, Pacific, Japan, Chicago, Osaka, Australia

☆ Asia markets set for mixed open as investors look to Australia's central bank minutes
▼ + stars: | 2023-07-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are headed for a mixed open on Tuesday as investors await the release of minutes of the Reserve Bank of Australia's July policy meeting. In Australia, futures for the S&P/ASX 200 were at 7,239, lower than the index's last close of 7,298.5. In Japan, the Nikkei 225 could start its week either way based on futures data as it comes back from a holiday , with the futures contract in Chicago at 32,405, and its counterpart in Osaka at 32,340 against its last close at 32,340. Hong Kong's Hang Seng index also resumes trading today after trading sessions were suspended on Monday due to a warning for Typhoon Talim. Hang Seng futures are at 19,450, compared to the HSI's last close of 19,413.78.

Persons: Talim, Hang Organizations: Reserve Bank of Australia's, Nikkei Locations: Asia, Pacific, Australia, Japan, Chicago, Osaka

☆ Asia markets set to fall ahead of key economic data from China
▼ + stars: | 2023-07-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

SHANGHAI, CHINA - MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Asia-Pacific markets are set to fall on Monday as investors look ahead to key economic data out of China, including gross domestic product figures for the second quarter and industrial output numbers for June. In Australia, futures for the S&P/ASX 200 were at 7,264, lower than the index's last close of 7,303.1. The country will release unemployment figures later this week, which will give clues to the Reserve Bank of Australia's rate decisions. Elsewhere, Japan's markets are closed for a holiday, but more trade data will be released from South Korea, Singapore, and Indonesia.

Organizations: Pudong Lujiazui Financial, Beijing, Reserve Bank Locations: SHANGHAI, CHINA, Shanghai, China, Asia, Pacific, Australia, South Korea, Singapore, Indonesia

☆ Why Sunscreen Is the Only Anti-Aging Product You Need
▼ + stars: | 2023-07-15 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +3 min

Von Schuckmann said the jury is still out: “We certainly have studies to show that sunscreen used on a daily basis reduces skin aging. There are two types of sunscreen ingredients: mineral and chemical. In general, sunscreens are more effective at stopping the shorter UVB rays than the longer UVA rays. Sun protection factor, or SPF, only refers to how well the sunscreen prevents a sunburn, meaning how well it blocks UVB. When it comes to choosing the best sunscreen to prevent signs of aging, Dr.

Persons: Henry Lim, Von Schuckmann, Frey, “, ” Organizations: Henry Ford Health, American Academy of Dermatology, UVA, Food and Drug Administration Locations: United States, Europe

☆ Thailand's royalists foiled Harvard grad Pita Limjaroenrat's first attempt at becoming prime minister. Here's what happens now
▼ + stars: | 2023-07-14 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Thailand's Pita Limjaroenrat may get another shot at the country's prime minister job next week. But his path to potential power remains unclear, especially if the leader of the country's Move Forward Party does not budge from his election pledge to amend a law that prohibits criticism of the monarchy. Limjaroenrat fell 51 votes short of the majority he needed from the 749 members of Thailand's bicameral National Assembly for the top job in a first parliamentary vote on Thursday. Forty-two-year-old Pita, who attended Harvard Kennedy School, will be able to stand for prime minister if nominated again by his eight-party alliance. Otherwise, Pheu Thai — the second-largest party in the eight-party coalition with Move Forward — may also put forward its own candidate from among the three candidates the party had earlier surfaced.

Persons: Thailand's Pita Limjaroenrat, Limjaroenrat, Grace Lim, Pita, Paetongtarn Shinawatra, Thaksin Shinawatra, Srettha Thavisin, Chaikasem Nitisiri Organizations: National Assembly, Senate, Moody's Investors, Harvard Kennedy School Locations: Southeast Asia's

The Tokyo Tower, left, and commercial and residential buildings at night in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty ImagesAsia-Pacific markets are set to rise on Friday after more inflation data out from the U.S. came in softer than expected, raising optimism that inflation could come down without weakening the labor market. "Most stock and bond index prices rose today as economic data indicates inflation has fallen quickly and the labor market remains strong," Bill Merz, senior investment director at U.S. Bank Wealth Management. June's producer price index rose less than anticipated, climbing 0.1% year on year, compared to the 0.2% expected by economists polled by Dow Jones. Hong Kong's Hang Seng index also looks set to continue its rally after surging more than 2.5% on Thursday.

Persons: Akio Kon, Bill Merz, Dow Jones Organizations: Bloomberg, Getty Images, U.S, Bank Wealth Management, Core PPI, Nikkei Locations: Tokyo, Minato district, Japan, Getty Images Asia, Pacific, U.S, Chicago, Osaka, Australia

☆ Singaporean billionaire given arrest notice in anti-graft probe involving country's transport minister
▼ + stars: | 2023-07-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Singapore's anti-graft agency issued an arrest notice for billionaire Ong Beng Seng as part of its investigation involving transport minister S Iswaran. Ong, who is managing director of Singapore-listed hotel owner and operator Hotel Properties Limited , has been asked to provide information on his interactions with Iswaran. In a filing, HPL said no charges have been filed against Ong and that he is fully cooperating with the agency. The company added that Ong has provided requested information, but is unable to provide further details at this point. HPL's portfolio includes 38 hotels and resorts in 15 countries, operating under brands including Four Seasons, Intercontinental Hotels and Marriott International.

Persons: Ong Beng Seng, supremo Bernie Ecclestone, Ong, HPL, Mr Ong Organizations: supremo, Marina, Circuit, Hotel Properties, Practices, Intercontinental Hotels, Marriott Locations: Singapore

☆ Asia markets set to rise as U.S. inflation rate slows more than expected
▼ + stars: | 2023-07-13 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to rise on Thursday after the U.S. inflation rate for June came in lower than expected at 3%, the smallest increase in two years. Month over month, the inflation rate rose 0.2%, less than forecast. In Asia, investors will be looking to China's June trade numbers, as well as the rate decision by South Korea's central bank. Economists polled by Reuters expect the central bank to hold rates at 3.5% for a sixth straight month. Hong Kong's Hang Seng index looks set for a positive open after two straight days of gains, with futures at 19,213 compared to the HSI's last close of 18,860.95.

Persons: Dow Jones Organizations: Reuters, Nikkei Locations: Asia, Pacific, Japan, Chicago, Osaka, Australia, Hong

☆ Manhattan office market's tough outlook persists, leaving investors on sidelines
▼ + stars: | 2023-07-12 | by ( Herbert Lash | ) www.reuters.com time to read: +5 min

[1/2] The Empire State Building and Manhattan skyline are pictured from the Summit at One Vanderbilt observatory in Manhattan in New York City, U.S., April 14, 2023. "There's essentially almost no market for office buildings right now because people don't know where the bottom is," said Andrew Nelson, a real estate economist who runs Nelson Economics in Washington. Opportunistic investors who could clear the market of unneeded office space and help lift values are biding their time, sitting on the sidelines, Lim said. The increase in negative absorption comes despite the number of office jobs in Manhattan now exceeds pre-pandemic levels. And Savills Plc (SVS.L) said direct available office space in Manhattan now measures 70.4 million square feet, the highest in history.

Persons: Mike Segar, There's, Andrew Nelson, Andrew Lim, Lim, JLL, Nelson, Mark Berry, Kroll, Herbert Lash, Nick Zieminski Organizations: Empire, Vanderbilt, REUTERS, Reuters, Nelson Economics, Jones Lang LaSalle Inc, SOAR, Kroll Bond, Agency, Thomson Locations: Manhattan, New York City, U.S, Washington, New York

☆ Asia markets largely higher ahead of India and U.S. inflation data
▼ + stars: | 2023-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Asia-Pacific markets were mostly higher ahead of key inflation data out of India and the U.S on Wednesday. Economists expect the U.S. inflation rate for June to fall slightly to 5%, down from 5.3% in May, based on a Reuters poll. The inflation print, along with producer prices data on Thursday, will give clues to the Federal Reserve's path for rate hikes. However, South Korea's Kospi bucked the trend and opened 0.13% lower, while the Kosdaq saw a smaller loss of 0.07% as the country saw its unemployment rate climb slightly to 2.6% in June.

Persons: Hong Organizations: U.S, Wednesday, Nikkei Locations: Mumbai, India, Asia, Pacific, Japan

☆ K-pop stock falls 7% amid questions over Blackpink member's contract renewal
▼ + stars: | 2023-07-12 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

(Photo by Emma McIntyre/Getty Images for Coachella)Shares of K-pop management agency YG Entertainment dropped almost 7% after reports emerged that the contract renewal for a member of girl group Blackpink is in doubt. YG shares traded at 73,900 Korean won at 2.41pm KST. At this level, the stock is at its lowest since May 11, when it closed at 66,700 Korean won apiece. According to an exclusive report by South Korean media outlet Munhwa Ilbo, Thailand-born member Lisa has "not been able to find an agreement" regarding a contract extension with YG Entertainment. Blackpink — made up of members Jisoo, Jennie and Rosé, in addition to Lisa — has been one of YG Entertainment's most successful K-pop groups.

Persons: Jennie, Jisoo, Lisa, Emma McIntyre, —, Rosé, Lisa — Organizations: Coachella, Valley Music, Arts Festival, YG Entertainment, YG, 2.41pm, Korean, South, Munhwa, Munhwa Ilbo Locations: INDIO , CALIFORNIA, Indio , California, South Korean, Munhwa Ilbo, Thailand, Korean

☆ Opinion: ‘Joy Ride’ is the Asian American-centered movie that all audiences need to see
▼ + stars: | 2023-07-11 | by ( Opinion Regina Kim | ) edition.cnn.com time to read: +6 min

CNN —When I first heard about the film “Joy Ride,” an unabashedly raunchy comedy about four Asian American friends and their misadventures in China, I couldn’t contain my excitement. Regina Kim Courtesy Regina KimIt felt exactly like the kind of movie that the Asian American community had been waiting for. To be perfectly honest, after going to a screening of “Joy Ride,” it took me two days to fully process what I’d seen. Perhaps I was so startled because I wasn’t used to seeing Asian Americans — especially Asian American women — depicted like this. I’m hoping that more people will realize that Asian American women can be sassy, outspoken, hilarious, weird or all of the above — but, most importantly, that we, too, are human.

Persons: Regina Kim, Stone, ELLE, who’ve, – we’ve, Adele Lim, Rich, Cherry Chevapravatdumrong, Teresa Hsiao, Ashley Park, Audrey, Stephanie Hsu, Kat, Sherry Cola, Sabrina Wu, I’d, —, Lolo, White, ”, it’s, direly Organizations: Twitter, CNN, American, Asian, Facebook Locations: China, American, America

☆ Chinese real estate stocks rise as Beijing extends property support measures
▼ + stars: | 2023-07-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A crane with the China Vanke logo at a residential construction site in China, on Sept. 28, 2021. Hong Kong-listed real estate stocks saw large gains. However, the CSI 300 Real Estate Index fell 0.44%, paring gains from earlier. Chinese real estate stocks mostly rose after the country announced it will extend two financial policies to support the real estate market until the end of 2024. Xinhua reported that the move is to "guide financial institutions to continue deferring loan payments for real estate enterprises, while propping up financial support for the real estate enterprises to ensure the delivery of housing projects."

Persons: ICBC Organizations: Logan Group, Country Garden Holdings, China Vanke, CSI, China Construction Bank, Bank of, People's Bank of China, Xinhua Locations: China, Hong Kong, Bank of China

☆ Singapore state investor Temasek posts negative annual return, its first since 2020
▼ + stars: | 2023-07-11 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This was just its fifth one-year total shareholder negative return since 2003. Singapore's state investment company Temasek recorded its first annual shareholder negative return since 2020, weighed by a challenging macroeconomic and geopolitical environment. Net portfolio value came in at $382 billion Singapore dollars ($284.77 billion), compared to S$403 billion a year ago. Still, Temasek's decline in annual shareholder return in 2022/23 compares relatively favorably with global stock market returns. Its three-year total shareholder return stood at 8%, while its 10-year return was at 6% and 20-year return at 9%.

Persons: Lim Boon Heng Organizations: Temasek Holdings, Temasek, Singapore Locations: Singapore, Asia, Japan, China, Russia, Ukraine

Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia. Asia-Pacific markets are set to rise on Tuesday, tracking moves on Wall Street as U.S. markets snapped a three-day losing streak. Australia will release consumer confidence surveys out from Australia, while the Philippines will also publish its trade numbers for June. In Australia, futures for the S&P/ASX 200 were at 7,006, higher than the index's last close of 7,004. Japan's Nikkei 225 looks set to rise after a five day losing streak, with the futures contract in Chicago at 32,370, and its counterpart in Osaka at 32,310 against its last close at 32,189.73.

Organizations: Sydney Harbour, Opera House, Nikkei Locations: Sydney, Australia, Asia, Pacific, Philippines, Chicago, Osaka

General view of the financial district of Lujiazui in Pudong district in Shanghai on April 12, 2023. Asia-Pacific markets are set to largely rise ahead of key inflation reports this week, including the U.S. consumer price index report due Wednesday and the producer price index on Thursday. In the region, China's inflation rate and producer prices later today will provide more context to the country's recovery trajectory. Economists polled by Reuters expect the CPI reading to remain unchanged after producer prices plunged last month. However, Australia's S&P/ASX 200 is set to fall, with futures for the S&P/ASX 200 at 7,013, lower than the index's last close of 7,042.3.

Persons: Janet Yellen, Australia's Organizations: Reuters, Treasury, Nikkei Locations: Lujiazui, Pudong, Shanghai, Asia, Pacific, U.S, Beijing, Japan, Chicago, Osaka

☆ Exclusive: South Korea asks banks to prepare $4 bln to support credit union - sources
▼ + stars: | 2023-07-10 | by ( Seunggyu Lim | ) www.reuters.com time to read: +3 min

An official at the Financial Services Commission confirmed that banks had been asked to prepare liquidity through repurchase-agreement facilities to aid MG Community Credit Cooperatives, but did not comment on the amount. Depositors were lining up last week to withdraw funds from a branch of MG Community Credit Cooperatives after local media reported a rise in non-performing loans tied to real estate projects. Woori Bank, Hana Bank, Shinhan Bank, KB Kookmin Bank and NongHyup Bank had been asked to make financing available to MG Community Credit, although the actual amount extended to the credit union would depend on deposit withdrawals, the sources said. The sources added that each of the banks was asked to prepare 1 trillion won of financing, or 5 trillion won in total ($3.84 billion), as potential support. MG Community and the five banks did not immediately respond to requests for comment.

Persons: Kim Jin, 1,302.7800, Seunggyu Lim, Jihoon Lee, Ed Davies, Edmund Klamann Organizations: Financial Services Commission, Community Credit Cooperatives, MG Community Credit Cooperatives, Woori Bank, Hana Bank, Shinhan Bank, KB Kookmin Bank, NongHyup Bank, MG Community Credit, MG Community, Community, Interior Ministry, Bank of, Ministry of Finance, Citi, Jungdo, Thomson Locations: SEOUL, Namyangju, Seoul, Bank of Korea, Gangwon

☆ Countries agree to slash shipping emissions but not enough to stay within warming limits
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: +2 min

Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050. Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what's needed to curb warming to agreed temperature limits. Experts calculate the industry must cut its emissions by 45% by 2030 and reach net zero by 2050 to keep on track with 1.5 C temperature goal. The German government welcomed the agreement, calling it "an important milestone for ensuring that international shipping makes a fair contribution to reaching the temperature goals of the Paris agreement." Transport Ministry spokesman Florian Druckenthaner said Germany had "lobbied massively" for the goal of net zero emissions by 2050.

Persons: General Kitack Lim, Lim, Florian Druckenthaner, Druckenthaner Organizations: United Nations, International Maritime Organization, Maritime, —, Transport, The Associated Press Locations: London, Canada, United States, Paris, Germany

☆ Global shipping industry climate pledge slammed as a ‘wishy washy’ compromise
▼ + stars: | 2023-07-07 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —The shipping industry has agreed a climate pledge to reduce its planet-heating pollution to net zero “by or around” 2050. That changed on Friday, when the International Maritime Organization, the UN body that regulates global shipping, published a new climate strategy after days of negotiations between the organization’s 175 member states. IMO secretary-general Kitack Lim said in a statement that the new climate strategy provides a “clear direction, a common vision, and ambitious targets.”Industry groups welcomed the deal. John Maggs, the president of the Clean Shipping Coalition criticized the “vague and non-committal language” in the new climate strategy. Countries pledged in the Paris Climate Agreement to limit global warming to well below 2 degrees – and preferably to 1.5 degrees – compared to pre-industrial temperatures.

Persons: Kitack Lim, Simon Bennett, Albon, ” Ralph Regenvanu, John Maggs, Faïg, ”, IMO’s Lim, “ Organizations: CNN, International Maritime Organization, UN, ” Industry, International Chamber of Shipping, Clean Shipping Coalition, Environment Locations: Paris, Marshall, Vanuatu

☆ Potential Taiwan conflict will hit these 3 countries the hardest, EIU report says
▼ + stars: | 2023-07-07 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +7 min

EIU defines a conflict as a "full-conflict scenario, involving direct military participation by China, Taiwan and the U.S." and based on the presumption of an escalation by China. To be clear, the EIU assesses the risk of a direct Chinese military assault on Taiwan as "very unlikely." The EIU also named a few "severely exposed markets": Australia, Malaysia, Thailand and Vietnam, as well as Hong Kong. In addition, both Malaysia and Vietnam would be exposed to a potential conflict with China if cross-strait hostilities spilled over and ignited a conflict in the South China Sea. The EIU said a conflict will cut off Taiwan's foundries, and at best, air and maritime links will be disrupted.

Persons: Ceng Shou Yi, Xi Jinping Organizations: Getty, Nurphoto, Economist Intelligence Unit, Nationalist, Taipei Representative, CNBC, Producers Locations: China, Taipei, Japan, Canada, India, Beijing, Taiwan, South Korea, Philippines, Taiwan Strait, U.S, Australia, New Zealand, Thailand, Singapore, Malaysia, Vietnam, Hong Kong, China . Hong Kong, British, South China, South, United Kingdom, United States, Canberra, Asia

☆ Amy Olson: What to eat at a golf major when you’re seven months pregnant – peanut butter and jelly sandwiches
▼ + stars: | 2023-07-06 | by ( Jack Bantock | ) edition.cnn.com time to read: +7 min

But before she embraces parenthood, Olson has a golf tournament to try and win – the US Women’s Open, no less. Darron Cummings/APOlson had just one request for the tournament’s organizers: to have peanut butter and jelly sandwiches waiting for her at Pebble Beach. Amateur Brenda Corrie-Kuehn was eight months pregnant when she teed off at the 2001 US Women’s Open, with playing partner Jennifer Greggain well into her second trimester. Olson came close to a first major title at the 2020 US Women's Open. Women’s golf’s oldest major is finally touching down at Pebble Beach, a course that has already captivated Olson with its beauty.

Persons: Amy Olson, Olson, ” Olson, ”, Grant’s, Darron Cummings, –, “, don’t, Amateur Brenda Corrie, Kuehn, Jennifer Greggain, Corrie, Kuehn’s, Rachel, Stacy Lewis, “ I’m, I’m, it’s, there’s, Olson’s, Lim Kim birdied, Carmen Mandato, can’t, what’s Organizations: CNN, LPGA, American, Amateur, Nike, US, South, Evian Locations: Minnesota, “ There’s, North Dakota, South Korean, Pebble

☆ ‘Joy Ride’ Review: A Raunch-Com Roller Coaster
▼ + stars: | 2023-07-06 | by ( Elisabeth Vincentelli | ) www.nytimes.com time to read: +1 min

This film, directed by the “Crazy Rich Asians” co-writer Adele Lim, may not reinvent the raunch-com wheel (see: “The Hangover,” “Girls Trip,” “Bridesmaids”), but it does change who’s driving the car. And, most importantly, it is really, really funny. “Joy Ride” processes all of its familiar ingredients into a sustained, sometimes near-berserk, barrage of jokes, interspersed with epic set pieces. That is, up until the two-thirds mark, when the movie paints itself into a corner and presses the “earnest sentimentality” eject button before managing a narrow escape. It’s a small price to pay for the inspired pandemonium that precedes.

Persons: ”, Adele Lim, Audrey, Ashley, Emily, Sherry Cola Organizations: Rich Locations: Paris ”, Pacific Northwest

☆ South Korea wants to be a top A.I. hub — its chip dominance could be an advantage
▼ + stars: | 2023-07-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Jung Yeon-je | Afp | Getty ImagesSouth Korea's dominance in the memory chip market and a robust artificial intelligence ecosystem gives it an advantage in the global AI chip race, said industry observers. South Korea dominating in the memory market is definitely an advantage," said James Lim, senior research analyst at Dalton Investments. "South Korea seeks to emerge as a prominent player in rapidly growing and promising areas such as AI semiconductors," said Lee. "South Korea has a robust local AI ecosystem, capable of competing with global tech giants," said Sung Nako, executive for large scale AI development at South Korean internet giant Naver. ChatGPT maker OpenAI's CEO Sam Altman had urged South Korea to lead AI chip production during his meeting with South Korean President Yoon Suk-yeol in June.

Persons: Jung Yeon, James Lim, Lee, Dylan Patel, SemiAnalysis, ., TrendForce, Sung Nako, Sam Altman, Yoon Suk, Altman, Dalton's Lim, Geoffrey Cain Organizations: Getty, Dalton Investments, CNBC, Samsung, SK Hynix South, Samsung Electronics, SK Hynix, Science, Micron, South, South Korean, Nvidia, Intel Locations: Seoul, Korea, South Korea, China, U.S

"We had to wait two weeks," said Lee Bo-mi, a 35-year-old mother with a sick 3-year-old boy, at the Healthy Children's Hospital. By comparison, it costs about A$335 for initial standard consultation with an Australian paediatrician, while observation at Nationwide Children's Hospital in the U.S. costs $208 per hour, according to its website. Data from the Health Insurance Review and Assessment Service shows paediatricians are South Korea's lowest paid doctors, making 57% less than the average doctor's salary. Sowha Hospital, South Korea's oldest children's hospital, recently suspended Saturday afternoon and Sunday treatment for the first time in 77 years due to a lack of staff. "If the number of children's hospitals decreases and the number of doctors falls, it's going to be difficult to get children treated."

Persons: Song Jong, geun, Jung Seung, Kim Hong, Ji, paediatrics, Lee Bo, Dae, it's, Choi Yong, jae, Dr Lim Hyun, I'm, Kim Eun, Lee Ju, yul, there's, Lee, Lim, Joyce Lee, Robert Birsel Organizations: REUTERS, Seoul Institute, Reuters, The, of Health, Welfare, Children's, Korea University Guro Hospital, Korea Children's Hospital, Korean Pediatric Association, Nationwide Children's Hospital, Health Insurance, Service, Namseoul University, Thomson Locations: Seoul, South Korea, Ji SEOUL, Seoul's, Korea, Australian, U.S

Asia-Pacific markets are set to fall after minutes from the U.S. Federal Reserve revealed that the Federal Open Market Committee is set to deliver more rate hikes at a slower pace. In Japan, the Nikkei 225 fell 1.29% in its first hour of trade and the Topix shed 0.83%. This comes after China on Wednesday unexpectedly canceled EU High Representative for Foreign Affairs Josep Borrell's visit to China. Hong Kong's Hang Seng index is also set to fall, with futures at 18,956 compared to the HSI's last close of 19,110.38. In Southeast Asia, Malaysia's central bank is expected to hold its overnight policy rate steady at 3%, according to a Reuters poll.

Persons: Janet Yellen, Foreign Affairs Josep Borrell's Organizations: Skyline, U.S . Federal Reserve, Federal, Nikkei, U.S, Treasury, Wednesday, EU, Representative, Foreign Affairs Locations: Sydney, Australia, Asia, Pacific, Japan, South Korea, Beijing, China, Hong, Southeast Asia

Search resuls for: "lim"

25 mentions found