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Market news: Philippine Airlines plans to place its first order for Boeing aircraft.

2026-07-07

Market news: Philippine Airlines plans to place its first order for Boeing aircraft.

Other News
2026-07-07

The Wall Street Journal reports AI leaders are offering large free compute and API/token credits to capture startup share; some startups say they have received more than $3m in combined cloud and token credits, roughly equivalent to a US median seed

The Wall Street Journal reports AI leaders are offering large free compute and API/token credits to capture startup share; some startups say they have received more than $3m in combined cloud and token credits, roughly equivalent to a US median seed round. OpenAI: Y Combinator startups offered $500k in free token credits with no equity; startups may be offered an additional $1.5m token credit in exchange for equity (OpenAI previously ran a $2m-for-equity offer). OpenAI is also offering bulk discounts to promote Codex and markets ChatGPT Pro 20x at $200/month with up to about $14k of API token usage. Anthropic: Y Combinator startups now receive $500k in free API credits with no equity (previously $30k); the firm is running enterprise promotions and one‑off bonuses. Claude Max priced at $200/month with up to about $8k of API token consumption. Google: up to $500k in cloud credits, Gemini early access and DeepMind engineering support for startups. Microsoft and Amazon Web Services: both extend startup-specific offers including cloud resources and technical support. Cursor: offering a 75% discount as of July 5.
2026-07-07

South Korea launched a 24‑hour FX trading mechanism for the won; first‑day trading was orderly. Broker data showed USD/KRW spot turnover around $15.1 bln, roughly 6% below the 30‑day daily average. Trading hours were extended from 17 to 24 hours to c

South Korea launched a 24‑hour FX trading mechanism for the won; first‑day trading was orderly. Broker data showed USD/KRW spot turnover around $15.1 bln, roughly 6% below the 30‑day daily average. Trading hours were extended from 17 to 24 hours to close the previous gap with New York; volume concentrated in Seoul’s regular session while London and New York remained thin. The won is still more than 2% stronger than its weakest level since 2009. The change represents an unprecedented loosening of won controls and signals a policy shift away from the post‑1997 framework as Seoul seeks to shed emerging‑market status and attract more global capital.
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