Tag: Asia Economy
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Bank of Japan hikes rates to highest since 1995 as yen languishes at historic lows
This is the BOJ’s first hike since December, when it raised rates to its current level of 0.75%, also its highest level in over 30 years.
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China economy weakens further in May as retail sales post first drop in over three years
China’s retail sales fell for the first time in more than three years in May, while urban investment contracted more than expected, adding to signs the economic slump deepened.
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Zhipu surges 33% as Wall Street raises bets on China AI after Anthropic curbs
Shares of Chinese AI model developer Zhipu surged as Wall Street banks raised bets on the company’s ability to capture global AI demand.
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World leaders welcome U.S.-Iran deal as Europe signals sanctions relief, urges Hormuz reopening
The agreement came after more than three months of stop-start negotiations and bouts of fighting since late February, roiling global energy and commodities markets.
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Meta reportedly begins dismantling $2 billion Manus deal on Beijing’s orders
Meta has reportedly begun dismantling its acquisition of Manus, moving to comply with Beijing’s unprecedented order to hand back the Chinese-founded AI startup.
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BTS-mania poised to boost South Korea’s economy well into the future
BTS-mania, with all the fan spending and travel, is poised to boost South Korea’s economy well into the future
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A Chinese start-up’s unfolding dilemma exposes cracks in Beijing’s tech funding machine
While the U.S. channels support to tech winners indirectly via incentives, Chinese governments at every level take direct equity stakes.
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South Korea’s stock market rout isn’t a vote against the country, market exchange chief says
“This is a rebalancing exercise, and has nothing to do with any loss of conviction in the Korean market,” Korea Exchange CEO Jeong Eun-bo said.
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U.S. becomes India’s top gas supplier, as Iran war cuts it off from the Gulf
India’s gas purchases from the U.S. have grown steadily, driven by Washington’s push to sell more American energy to the South Asian country.
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AI mega-listings are ‘just the start,’ Razer CEO says, ahead of historic SpaceX IPO
Blockbuster public offerings from AI companies could be an enduring feature of the industry, Razer CEO Min-Liang Tan said Thursday, ahead of several mega IPOs.
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