Tag: Asia Economy
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Short sellers keep betting against Pop Mart — even though it’s been a losing trade
Short sellers are doubling down on Pop Mart International even as a recent share price recovery turns their bearish bets on the Chinese toymaker increasingly risky.
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China factory activity grows faster than expected in June on tech export demand
China’s manufacturing engine held up this year as surging demand for artificial intelligence technology helped offset the drag from Middle East turmoil.
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Putin details Russia’s fuel shortages after Ukrainian drone strikes
Putin’s comments mark the first time he has detailed the extent to which Ukraine’s deep-strike successes have hampered Russia’s fuel production.
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Goldman Sachs says stick with Asia’s winners, keep diversifying into commodities
Asian stocks still have room to run even after a blistering first-half rally, while investors should continue diversifying into commodities, said Goldman Sachs.
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Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery
Shipping traffic through the strategically vital Strait of Hormuz is recovering one week after the U.S. and Iran signed an interim peace deal.
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Airwallex hits $11 billion valuation with $320 million raise as fintech pushes into finance run by AI agents
Airwallex raised $320 million to build the financial infrastructure powering a world where AI agents handle business payments and finance.
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UN agency pauses Hormuz ship evacuation plan after first vessel attack under peace deal
The pause follows a container ship being struck near the coast of Oman on Thursday, with a U.S. official saying that Iran was responsible for the attack.
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Chevron CFO says gas prices will normalize after Trump presses Big Oil
Her comments come shortly after President Donald Trump ordered an investigation into Big Oil, accusing them of “gouging” consumers.
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Amazon adds new funding, lifting India AI and cloud investment to $48 billion
Amazon announces fresh investment of $13 billion to expand AI and cloud infrastructure in India, taking its total investment to $48 billion.
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One of India’s largest gold exporters paid its managing director just $180 a month, investigators say in accounting probe
Indian authorities have found accounting discrepancies in books of Indian gold company Rajesh Exports, and owner of Swiss refiner Valcambi.
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