Advantest raises full-year operating profit forecast by 24% on strong AI demand
The company forecast an operating profit of 300 billion yen ($2.02 billion) for the current business year to the end of March 2026, compared with an earlier forecast of 242 billion yen and an average estimate of 302.05 billon yen in a survey of 23 analysts by LSEG.
($1 = 148.7100 yen)
(Reporting by Ritsuko Shimizu; Writing by Satoshi Sugiyama; Editing by Muralikumar Anantharaman)
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The Sun
13 hours ago
- The Sun
India to keep buying Russian oil despite Trump threats
INDIAN officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report. The White House, India's Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did not immediately respond to requests for comment. Trump last month indicated in a Truth Social post that India would face additional penalties for purchase of Russian arms and oil. However, he later said that he did not care what India does with Russia. On Friday, Trump told reporters that he had heard that India would no longer be buying oil from Russia. Two senior Indian officials said there had been no change in policy, according to the NYT report, which added that one official said the government had 'not given any direction to oil companies' to cut back imports from Russia. Reuters had earlier reported that Indian state refiners stopped buying Russian oil in the past week as discounts narrowed in July. On July 14, Trump threatened 100% tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India, responsible for about 35% of India's overall supplies. - Reuters
Hype Malaysia
15 hours ago
- Hype Malaysia
vivo Launch, Furla Preview, Tokyo Street Anniversary & More: Dope Events We Hit Up This Week!
Another week, another whirlwind of totally EXTRA events! We were here, there and everywhere! We were on the scene and vibing like a boss! Just check out our social diary for this past week (don't be jelly!): vivo's First Foldable Arrives In Malaysia The vivo X Fold5 officially landed in Malaysia as the brand's first foldable phone here, and we were front and centre at the launch event. The phone is light, at just 217g and both screens are super bright at 4500 nits, so you can see clearly, even under the sun. It's also built tough with protection against water, dust and cold. The cameras are made with ZEISS and include a 50MP telephoto lens with 100x zoom, a wide-angle lens and a main Sony sensor. The X Fold5 isn't just stylish. It's built for work. You can run up to five apps at once with Origin Workbench, edit PDFs and convert files using DocMaster, and get AI help for content creation, meeting notes and translations. It runs on the Snapdragon 8 Gen 3 chip with 16GB RAM, a 6000 mAh battery, and fast charging at 80W wired and 40W wireless. This phone is made to power through your busiest days. Pre-orders start at RM6999 with exclusive promos at vivo Concept Stores. Check out what went down at the launch: Watch Hype's Exclusive Reel: Furla Fall/Winter 2025 Collection Sneak Peek Italian luxury brand Furla will soon launch their new collection for the 2025 Fall/Winter season, but before it hits the shelves, we had the opportunity to check out the collection for ourselves. The brand's FW2025 collection embodies the essence of Furla's identity with a refined blend of colour, feminine shapes, and impeccable craftsmanship. While at the media preview event, we were also treated to some yummy smoothie popsicles and got to try our hands at making a floral candle, perfectly matching the collection. The FW2025 collection will be available in stores from 15th August onwards. Watch Hype's Exclusive Reel: Tokyo Street Pavilion KL Celebrates 14th Anniversary To celebrate 14 years of bringing a taste of Japan to Malaysia, Pavilion Kuala Lumpur's Tokyo Street is hosting a month-long Tokyo Street Matsuri, running until 29th August 2025. Since its debut in 2011, Tokyo Street has become a cultural landmark, offering Malaysians a unique blend of Japanese shopping, dining, and tradition. This year's matsuri—Japanese for 'festival'—honours that journey with a festive atmosphere full of culture, community, and curated experiences. Visitors can look forward to highlights like Southeast Asia's first 'Alien Stage' pop-up, Quby photo installations by MetaPark, hands-on cultural workshops, and exclusive shopping and dining deals. Whether you're exploring anime, enjoying traditional sweets, or collecting stamps for rewards, Tokyo Street Matsuri offers something for everyone to enjoy. Watch Hype's Exclusive Reel: The Ordinary Debuts First-Ever Pop-Up In Malaysia Skincare brand The Ordinary has officially launched its first-ever pop-up experience in Malaysia. The pop-up at APW Bangsar is designed as an immersive and educational experience, bringing the brand's science-led, ingredient-first philosophy to the public. The launch follows the opening of The Ordinary's first two standalone stores in Malaysia at Pavilion Kuala Lumpur and Mid Valley Megamall. At the media preview, we got to experience what is available at the pop-up, including product discovery, personalised consultations and expert-led panel discussions. Watch Hype's Exclusive Reel: Inaugural Malaysia Bridal Fashion Week 2025 Where bridal elegance met high fashion – the inaugural Malaysia Bridal Fashion Week (MBFW) made a striking debut in the local wedding scene with a dynamic three-day event celebrating bridal style and creativity. Organised by local luxury bridal brand The Gown Atelier, the event ran from 25th to 27th July 2025 at Astana Hall, Bamboo Hills. It featured 23 bridal designer labels from around the world, and drew over 2,000 attendees, including media representatives, celebrities, industry insiders, and future brides. MBFW may well signal a transformative chapter for Malaysia's bridal industry. Watch Hype's Exclusive Reel: Pavilion Bukit Jalil JAGAM Matsuri Pavilion Bukit Jalil recently launched its highly-anticipated JAGAM Matsuri, running from 30th July till 3rd August 2025. Inspired by the lively spirit of Bon Odori and organised in collaboration with the Japan Graduates' Association of Malaysia (JAGAM), this celebration transforms the mall into a vibrant cultural hub featuring Japanese traditional and contemporary performances, authentic street food, artisanal merchandise, and immersive cultural showcases. Take a peek at what we experienced at the launch: Watch Hype's Exclusive Reel: XPDC's METALKESTRA Concert To Bring 'Rock Kapak' Into New Era XPDC is making a major comeback this 8th November with METALKESTRA, a special concert at Zepp Kuala Lumpur that fuses their signature heavy metal sound with a full orchestra. After over 40 years in the scene, rock kapak icons Izo, Eddie, Arif, Lola, and Mamu will perform fan favourites like 'Hidup Bersama,' 'Hijau Bumi Tuhan,' and 'Cinta Kenangan Silam' in a fresh new way – while also paying tribute to their late founder J S Kevin. Tickets start at RM138 and go up to RM5,008 for a Royal Box package with meet and greet passes and exclusive goodies for ten people. Fans who show up in their best samurai outfits also stand a chance to win a Jackson Izo Signature guitar. Get your tickets now at ilassotickets before they're gone. Watch Hype's Exclusive Reel: LaLaport BBCC's Newly-Opened Stores & Mitsui Outlet Park BBCC Preview LaLaport BBCC provided a glimpse of the upcoming Mitsui Outlet Park BBCC – Malaysia's first city-centre outlet concept store. This urban outlet experience will feature over 30 premium brands, including international sports and athleisure labels, comfortable everyday wear, chic accessories, and versatile lifestyle essentials. In conjunction with the opening of Mitsui Outlet Park BBCC, the shopping centre will also welcome five Japanese brands: REGAL, known for its premium leather footwear; GLOBAL WORK, offering Japanese lifestyle fashion; earth music&ecology, recognised for its natural and feminine aesthetic; Over Print, a streetwear label featuring limited-edition graphic art designs; and 3COINS, a popular lifestyle and homeware brand. Watch Hype's Exclusive Reel: Bouquet Garni Debuts In Malaysia With Guardian South Korea's popular lifestyle and body care brand, Bouquet Garni, has officially launched in Malaysia, debuting its flagship body wash collection in over 290 Guardian stores nationwide. Renowned for its moisturising botanicals and French-inspired scents, the brand now offers Malaysian customers bestsellers like White Musk, Cherry Blossom, Ylang Ylang, and Baby Powder. Exclusively distributed through Guardian Malaysia, Bouquet Garni plans to expand its range to include lotions, mists, scrubs, shampoos, and hair treatments. The Bouquet Garni body wash line is now available exclusively in all Guardian stores nationwide. Watch Hype's Exclusive Reel: REDLINE Fitness Games by Nissan @ MIECC The games may be done, but the road to fitness never ends! We were at the REDLINE Fitness Games at the Mines International Exhibition & Convention Centre, where fitness freaks go all-out for the gold! The special event, hosted by Nissan, saw athletes from all over the world battle it out in an intense multi-course race that showcased what peak physical performance looks like! Check them out here: Watch Hype's Exclusive Reel: Secret Recipe x Bichi Mao – A Crossover We Never Thought We Needed If things can't get sweeter, then why not go a little cuter? This was the question we asked ourselves at the recent Secret Recipe x Bichi Mao collab event. In celebration of National Day, Malaysia Day, and the 28th anniversary of Secret Recipe, Malaysia's most cherished cake café chain announced its largest joint venture of the year. In order to reward their new and devoted customers, both brands will be launching a limited-edition Secret Recipe x Bichi Mao merchandise line in collaboration with their in-house character IP, Bichi Mao. Selected Secret Recipe locations across the country will also undergo makeovers with a Bichi Mao theme from 15th August to 15th November, 2025. During this time, customers will be able to create their own 'sweet mao-moments' with loved ones and receive exclusive surprises and collectibles. Watch Hype's Exclusive Reel:
The Star
16 hours ago
- The Star
Trump fires US labor official over data and gets earlier than expected chance to reshape Fed
WASHINGTON/NEW YORK (Reuters) -President Donald Trump on Friday fired a top Labor Department official on the heels of a market-shocking weak scorecard of the U.S. job market, accusing her without evidence of manipulating the figures and adding to already growing concerns about the quality of economic data published by the federal government. In a second surprise economic policy development, the door for Trump to make an imprint on a Federal Reserve with which he clashes almost daily for not lowering interest rates opened much earlier than anticipated when Fed Governor Adriana Kugler unexpectedly announced her resignation on Friday afternoon. The two developments further rattled a stock market already reeling from his latest barrage of tariff announcements and the weak jobs data. The benchmark S&P 500 Index sank 1.6% in its largest daily drop in more than two months. Trump accused Erika McEntarfer, appointed by former President Joe Biden, of faking the jobs numbers. There is no evidence to back Trump's claims of data manipulation by the Bureau of Labor Statistics, the statistical agency that compiles the closely watched employment report as well as consumer and producer price data. A representative for the BLS did not respond to a request for comment. Friday began with BLS reporting the U.S. economy created only 73,000 jobs in July, but more stunning were net downward revisions showing 258,000 fewer jobs had been created in May and June than previously reported. "We need accurate Jobs Numbers. I have directed my Team to fire this Biden Political Appointee, IMMEDIATELY. She will be replaced with someone much more competent and qualified," Trump said in a post on Truth Social. DATA CONCERNS A Trump administration official who requested anonymity said that while all economic data is noisy, the White House has been dissatisfied with how large the revisions have been in the recent data and issues with lower survey responses. The problem started during COVID and has not been addressed in the years since. "There are these underlying problems that have been festering here for years now that have not been rectified," the person said. "The markets and companies and the government need accurate data, and like, we just weren't getting that," the official said. The BLS has already reduced the sample collection for consumer price data as well as the producer price report, citing resource constraints. The government surveys about 121,000 businesses and government agencies, representing approximately 631,000 individual worksites for the employment report. The response rate has declined from 80.3% in October 2020 to about 67.1% in July, BLS data shows. A Reuters poll last month found 89 of 100 top policy experts had at least some worries about the quality of U.S. economic data, with most also concerned that authorities are not addressing the issue urgently enough. In addition to the concerns over job market data, headcount reductions at BLS have resulted in it scaling back the scope of data collection for the Consumer Price Index, one of the most important gauges of U.S. inflation, watched by investors and policymakers worldwide. Trump's move fed into concerns that politics may influence data collection and publication. "Politicizing economic statistics is a self-defeating act," said Michael Madowitz, principal economist at the Roosevelt Institute's Roosevelt Forward. "Credibility is far easier to lose than rebuild, and the credibility of America's economic data is the foundation on which we've built the strongest economy in the world. Blinding the public about the state of the economy has a long track record, and it never ends well." FED CHANGE SOONER THAN EXPECTED Meanwhile, Kugler's surprise decision to leave the Fed at the end of next week presents Trump an earlier-than-expected opportunity to install a potential successor to Fed Chair Jerome Powell on the central bank's Board of Governors. Trump has threatened to fire Powell repeatedly because the Fed chief has overseen a policymaking body that has not cut interest rates as Trump has demanded. Powell's term expires next May, although he could remain on the Fed board until January 31, 2028, if he chooses. Trump will now get to select a Fed governor to replace Kugler and finish out her term, which expires on January 31, 2026. A governor filling an unexpired term may then be reappointed to a full 14-year term. Some speculation has centered on the idea Trump might pick a potential future chair to fill that slot as a holding place. Leading candidates for the next Fed chair include Trump economic adviser Kevin Hassett, Treasury Secretary Scott Bessent, former Fed Governor Kevin Warsh and Fed Governor Chris Waller, a Trump appointee who this week dissented with the central bank's decision to keep rates on hold, saying he preferred to start lowering them now. Trump, as he was leaving the White House to spend the weekend at his Bedminster, New Jersey, estate, said he was happy to have the open slot to fill. "I would not read any political motivation into what [Kugler is] doing, although the consequence of what she's doing is she's calling Trump's bluff,"said Derek Tang, an analyst at LH Meyer, a research firm. "She's putting the ball in his court and saying, look, you're putting so much pressure on the Fed, and you want some control over nominees, well, here's a slot." (Additional reporting by Jasper Ward and Trevor Hunnicutt; Writing by Daniel Burns; Editing by Chris Reese and Nia Williams and Anna Driver)
