Tag: Asia Economy
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China’s factory activity unexpectedly contracts in July as export rush fades
China’s factory activity unexpectedly contracted in July, as the export rush that powered a second-quarter rebound began to unwind.
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Fast-fashion retailer Shein’s 3-year IPO odyssey cost it the ‘golden time’ to go public
Investors are questioning whether Beijing’s blessing can carry a $40-billion-plus valuation for a clothing retailer whose growth engine is stalling.
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Indonesian state telecom said to weigh sale of venture arm managing $830 million
Indonesia’s state-owned telecom giant is exploring a sale of MDI Ventures, according to people familiar with the matter.
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U.S. resumes strikes against Iran, retaliating against surprise missile attack
The U.S. forces began launching strikes against Iran Wednesday stateside, plunging the two sides back into open conflict after a days-long pause.
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Inside India newsletter: Meta’s clout in the world’s largest democracy is surging — inviting scrutiny
Meta Platforms has strengthened its influence on India as Gen Z protesters widely relied on Instagram to raise their concerns against the Modi government.
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Ukraine has found a new pressure point in Russia’s wartime economy
Ukraine’s drone attacks on Russia’s biggest online retailer Wildberries have ratcheted up the pressure on Moscow’s wartime economy.
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BTS’ concerts have been so successful, it’s now bad for its own agency Hybe’s shares
Shares of Hybe tanked 16.09% on Tuesday, marking its worst day since June 2022. It then extended losses to tumble as much as 16.31% on Wednesday.
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CNBC Daily Open: Renewed fire from Iran, a big quarter for SK Hynix and a quake in Japan
Iran launched a surprise missile attack on U.S. forces in the Middle East, forcing traders to reprice the odds that hostilities linger. Japan had a major quake.
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Indonesian stocks stage massive turnaround, hitting bull market status after clocking a five-year low just last month
Attractive valuations, quick intervention by regulators and a return of foreign investors have helped propel Indonesian stocks reach bull-market status.
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India’s Gen Z forced Modi to listen, respond and act — exposing chinks in the ruling party’s armor
In a rare occurrence, Modi’s government was forced to concede demands of Gen Z protesters, underscoring their rising influence in the country’s polity.
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