A real wildcards largest wealth fund issues inflation warning on hot commodity markets
The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.
The chief executive of the world's largest wealth fund says there are many wildcards in financial markets right now.
EV brand Zeekr is selling more cars than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC.
A German man was arrested for allegedly sharing information from the European Parliament with the China's secret service, the federal prosecutors office said.
SEOUL : South Korea's Hankook Tire & Technology Co Ltd has signed a preliminary agreement to acquire a stake worth 1.7 trillion won ($1.25 billion) in Hanon Systems, it said on Friday, which would make it the majority shareholder. Hankook Tire, a business unit of Hankook & Company Group, said in a regulat
TBILISI: Japanese Finance Minister Shunichi Suzuki said on Friday (May 3) authorities may need to smooth any excessive yen moves that hurt households and companies. "It's desirable for exchange rates to move stably. Excessive moves are undesirable," as they could have adverse effects on households and firm
Higher costs had the biggest impact on Asian businesses in 2023, even as they grappled with a global slowdown and rising interest rates, a survey by UOB showed.
:Expedia shares tumbled as much as 13 per cent to a near six-month low in early trading on Friday, after the online booking firm cut its annual forecast for revenue growth due to weakness at its vacation rentals brand Vrbo. Vrbo was seeing a slower rebound than the company's expectations following a restructu
JAKARTA : Indonesia's central bank is confident that the rupiah currency will continue to regain ground against the dollar until the end of 2024, as capital inflows have returned after its recent unexpected rate hike, its governor said on Friday. "The rupiah's appreciation will continue from now on until
While the protestors are beginning to up the ante by blocking railway tracks, the agitation this time seems a pale shadow of their movement in 2020.
Asia was the world's most disaster-hit region from extreme weather and climate in 2023, exacerbated by climate change, according to a new UN report.
Last month, the government rolled out key initiatives, aimed at boosting the country's position in EV manufacturing.
U.S. Secretary of State Antony Blinken met with Chinese President Xi Jinping in Beijing on Friday.
TBILISI :TheAsian Development Bank (ADB) said on Friday it had agreed a $5 billionreplenishment with donors for the bank's two funds, Asian Development Fund (ADF) 14 and Technical Assistance Special Fund (TASF) 8.The ADF is ADB's largest source of grants for operations in its poorest and most vulnerable d
MILAN: Italy's biggest bank Intesa Sanpaolo on Friday (May 3) said it had acquired some 90,000 new customers through its digital-only arm Isybank, after an antitrust decision effectively halted the migration of existing clients. Italy's competition authority dealt a blow to Intesa's fintech ambitions in No
Applicants must have an income of at least $36,000 USD a year or $3,000 a month.
Policy continuity is crucial if it wants to be the world's fastest growing economy for the next five years, Rob Subbaraman of Nomura said.
NEW YORK-SAN FRANCISCO : Prominent computer scientist Fei-Fei Li is building a startup that uses human-like processing of visual data to make artificial intelligence (AI) capable of advanced reasoning, six sources told Reuters, in what would be a leap forward for the technology.Li, considered a pioneer in
A shortage of olive oil has driven prices to record highs, fueled a crime surge and pushed the industry into crisis mode.
HSBC CEO Noel Quinn said it is "now the right time for me to get a better balance between my personal and business life."
Some customers using the Qantas app on Wednesday were shown the name, flight details and loyalty status of other passengers.
Hong Kong on Tuesday became the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices.
NEW YORK :A gauge of global stocks rallied while Treasury yields fell on Friday after a U.S. payrolls report was softer than anticipated, easing concerns the Federal Reserve would keep interest rates higher for longer.Nonfarm payrolls rose by 175,000 last month, the lowest since October 2023, and short of the
WASHINGTON: The Wall Street Journal (WSJ) will shift its Asia headquarters from Hong Kong to Singapore, it said on Thursday (May 2) in a letter sent to staff and seen by AFP. The US newspaper said its decision comes after other foreign firms have reconsidered their operations in Chinese financial hub Hong
CHANTHABURI: Clambering hand-over-hand, sweat dripping into his eyes, a durian labourer expertly slices a cumbersome fruit from a tree before tossing it down to land with a soft thump in his colleague's waiting arms some 15m below. Among Thailand's most famous and lucrative exports, the pungent "king of fr
China on Friday launched a space probe to collect samples from the far side of the moon as the global space race heats up.