India and Japan are two bright spots in Asia’s “supremely interesting” markets, JPMorgan’s Filippo Gori said at the bank’s Global China Summit on Thursday, referring to the region’s equity as well as deal-making landscape. “You have Japan, which is on fire. India, which is very in high demand,” Gori, co-head of global banking at JPMorgan, … Read more
Photo taken on May 1, 2023 shows a sign at the JPMorgan Chase & Co. headquarters in New York, the United States. Michael Nagle | Xinhua News Agency | Getty Images China is too big to be sidelined, and investors “have to do business there,” JPMorgan Asia Pacific CEO Sjoerd Leenart said Thursday, adding that … Read more
Roundhill Investments wants to mimic the success of its Magnificent Seven ETF (MAGS) in China. The firm’s CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to be China’s answer to the success of Wall Street’s big tech stocks. “There’s a lot of question marks about the Chinese economy and the potential … Read more
JPMorgan Chase‘s chairman and CEO Jamie Dimon says the U.S. economy could see a “hard landing.” When asked by CNBC’s Sri Jegarajah about the prospect of a hard landing, Dimon replied: “Could we actually see one? Of course, how could anyone who reads history say there’s no chance?” The CEO was speaking at the JPMorgan … Read more
Malaysia’s former prime minister Mahathir Mohamad said he and his family members were not involved in any “corrupt practices.” Last month, Malaysia’s Anti-Corruption Commission said Mahathir was among individuals being investigated over a corruption probe that involved his sons, according to Reuters. Mahathir’s sons — Mirzan and Mokhzani — were in January ordered to declare … Read more
Youth aged 15 to 29 make up 83% of all unemployed people in India. Gcshutter | E+ | Getty Images India’s startup ecosystem is poised for promising growth as the country works toward boosting economic growth and entrepreneurship — but more jobs are needed to combat high levels of unemployment. That’s according to the CEO … Read more
Samsung is the world’s biggest maker of memory chips. Jakub Porzycki | Nurphoto | Getty Images Samsung Electronics named a new head for its semiconductor business on Tuesday, as the firm strives to lead the AI chip race. Young Hyun Jun will replace Kyehyun Kyung, who will now head the future business division, which focuses … Read more
Bhutan may reconsider its controversial $100 daily tourism fees if the country’s tourism industry recovers soon, Bhutan’s Prime Minister Tshering Tobgay told CNBC on May 10. But the fees are likely to go higher, he said. Bhutan reopened its borders in September 2022 with an increased “Sustainable Development Fee” of $200 per person per day … Read more
Tech billionaire Elon Musk (2nd L) speaks next to Indonesia’s Health Minister Budi Gunadi Sadikin (L) during a ceremony held to inaugurate satellite unit Starlink at a community health center in Denpasar on Indonesia’s resort island of Bali on May 19, 2024. Musk launched on May 19 his Starlink service on Indonesia’s resort island of … Read more
China announced “historic” steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy “some” apartments, relaxing mortgage rules and pledging to deliver unfinished homes. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese authorities on Friday pledged new support for state-owned enterprises to enable them to buy unsold apartments, … Read more
