Tag: Asia Economy
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Crypto still ‘off the table’ for Singapore’s Temasek, four years after FTX flop
Temasek’s investment in the now-bankrupt FTX cryptocurrency exchange led to a writedown of $275 million in 2022, drawing much local criticism.
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China consumer price growth weakens in June while producer inflation rises on export orders
Investors increasingly view China’s two-speed growth with robust export and tepid domestic demand as a defining long-term feature of the Chinese economy.
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Inside India newsletter: India’s $50 billion worth of IPOs at risk as Trump ends Iran ceasefire
After a slow start this year, IPOs worth $50 billion were ready to hit Indian markets. These plans are at risk after the U.S. ended the ceasefire with Iran.
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Singapore’s Temasek boosts China exposure by $7.7 billion, biggest rise in five years, in AI-driven pivot
Temasek is repositioning its China portfolio toward AI-related hardware and infrastructure, robotics, biotech, energy transition.
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Singapore’s Temasek hits record portfolio value, eyes more investment in AI, infrastructure and private credit
Over the course of its financial year, Temasek recorded a gain of S$49 billion and a 10.5% total shareholder return.
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This former Apple executive is betting on Shenzhen, not Silicon Valley, to create the ‘next Apple’
Startups building consumer electronics will have a better shot at becoming the next Apple in Shenzhen than in Silicon Valley, said Will Wang, CEO of China’s smart-glasses startup.
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Lawmakers probe growing use of Chinese AI models in U.S. companies
An ongoing House Committee investigation is probing the risks involved in the rise of AI built in China.
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China’s rare missile test will push wary Asia-Pacific countries to close ranks, analysts say
China’s rare launch of a ballistic missile launch into the Pacific will push regional powers to deepen their defense ties.
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India fashion retailer Trent tumbles 11% as revenue growth disappoints
Shares of one of India’s biggest fashion retailers, Trent, fell over 10% after the company reported weak earnings growth.
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Apple veteran’s Chinese smart-glasses firm becomes unicorn as Tencent, Meituan fund rival to Meta
The Shenzhen-based startup joined a slew of global peers to build advanced gadgets and electronics that bring the benefits of AI to individual users.
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