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Finance

U.S. Treasury to buy back up to $6 billion in Treasuries as yields jump on $40 trillion debt

The U.S. Treasury will buy back up to $6 billion of outstanding nominal Treasuries with 10 to 20 years remaining maturity to boost liquidity in the long-term bond market. The amount is triple the usual per-operation cap, but Treasury yields continued to rise after the announcement. Investors pointed to federal debt above $40 trillion, increased supply and inflation worries, while some criticised the move as risking expectations of larger intervention.

Telecommunications & Media

Memory prices quadruple; iPhone 18 Pro prices seen rising up to 20 percent

Apple may raise prices of the iPhone 18 Pro and iPhone 18 Pro Max, due to be unveiled on Sept. 9, by up to 20 percent, as memory costs surge amid tightening supply tied to expanding AI data centres. TrendForce estimated memory costs for the 256GB iPhone 18 Pro could rise about 400 percent year on year, pushing overall component costs higher. TrendForce also flagged possible increases for non-Pro models and projected a high starting price for a first foldable iPhone.

Games & Commerce

Government to inject funds directly into distribution channels with 24 million delivery app coupons, public logistics centres

The government will directly inject fiscal resources into distribution channels in its 2027 budget plan, including delivery apps, gift certificates and agricultural wholesale. Small business support is set to rise to 3.5 trillion won from 2 trillion won in 2026, including a new 124 billion won programme to distribute 24 million 5,000-won discount coupons for a co-prosperity delivery app. The plan also expands local and Onnuri gift certificates, boosts traditional market support and funds a public logistics and distribution structure for agricultural, livestock and fisheries products.