Tag: Asia Economy
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CNBC Daily Open: Watching Iran’s economy; a losing game for bonds
U.S. Treasury Secretary Scott Bessent said the U.S. likely won’t need to restart large-scale combat with Iran.
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Japan headline inflation rate hits highest this year as energy prices bite
Core inflation — which strips out prices of fresh food but includes energy — was in line with expectations, coming in at 1.8%.
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Humanoid robots’ ‘ChatGPT moment’ could be 10 years away, Unitree founder says
Unitree founder Wang Xingxing says humanoid robots could take up to 10 years to reach a breakthrough comparable to ChatGPT.
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Trump says Iran’s economy is collapsing. A former central bank adviser in Tehran pushes back
Iran’s economy is deteriorating under the weight of mounting sanctions, but far from unraveling, a former adviser to Iran’s central bank told CNBC.
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Singapore’s Temasek is on a hot streak in India as three bets surge after IPOs
Three of Singapore state investor Temasek’s portfolio companies in India have jumped more than 30% in listings this week after contrarian bets in the country.
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SK Hynix shares surge over 12% in Seoul after announcing massive stock buyback
Shares of SK Hynix surged over 12% in Seoul after the company announced a massive stock buyback.
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Asia’s hydrogen dreams: Region bets on emerging green technology to improve transportation
Asia’s hydrogen train push may be less about rail and more about building a broader hydrogen economy.
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Japan exports beat estimates in July as robust chip shipments power fifth straight month of gains
Shipments of semiconductor equipment posted a massive 49.1% jump in value, reflecting continued demand, boosted by the artificial intelligence boom.
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Goldman studied where AI is squeezing labor markets. Here’s what it found
Goldman Sachs found that AI is starting to weigh on employment across developed economies.
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China’s backflipping robot maker Unitree pops 542% in Shanghai debut
Unitree Robotics shares rise 542% on their first day of trading in Shanghai
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