Here’s the median price to rent a 1-bedroom across 10 cities in Asia. Fraser Hall | The Image Bank | Getty Images Renting a place is a big financial decision, especially when choosing to live in a major city where price tags are particularly hefty. The general rule of thumb is to spend no more … Read more
People walk in the rain over London Bridge in central London. Picture date: Tuesday March 12, 2024. Lucy North – Pa Images | Pa Images | Getty Images The U.K.’s “sluggish” growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the … Read more
There is some ‘fluff’ in India’s economic growth rate, according to former Reserve Bank of India Governor Raghuram Rajan. This isn’t a reflection of “pessimism” as “even 6-6.5% growth is a pretty good number,” he told CNBC’s “Squawk Box Asia” on Thursday. India’s economy grew a robust 8.4% in the October to December quarter, blowing … Read more
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped … Read more
BANGKOK, THAILAND – 2024/05/01: Satya Nadella, the executive chairman and CEO of Microsoft Corporation speaks during the “Microsoft Build: AI Day” event at the Queen Sirikit National Convention Center. Satya Nadella announced that Microsoft corporation plans to invest in its first data center, the Cloud First platform, in Thailand. (Photo by Peerapon Boonyakiat/SOPA Images/LightRocket via … Read more
The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. Jonathan Raa | Nurphoto | Getty Images HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief … Read more
Representations of cryptocurrency Bitcoin are placed on a PC motherboard in this illustration taken June 16, 2023. Dado Ruvic | Reuters Hong Kong on Tuesday launched six spot bitcoin and ether exchange traded funds — becoming the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices. The cryptocurrency … Read more
Microsoft CEO Satya Nadella (C) arrives for a meeting with Indonesia’s President Joko Widodo at the Merdeka Palace in Jakarta on April 30, 2024. (Photo by BAY ISMOYO / AFP) (Photo by BAY ISMOYO/AFP via Getty Images) Bay Ismoyo | Afp | Getty Images Microsoft on Tuesday said it will pump $1.7 billion into Indonesia … Read more
Some pandemic-era yacht owners are headed back for dry land. The pandemic spurred a “massive spike” in yacht sales, said Richard Allen, chief operating officer of the Hong Kong-based yachting company Simpson Marine. “We’ve seen a lot of those people, that had their boats for two years, sort of now wanting to travel,” he told … Read more
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images The International Monetary Fund raised its Asia growth forecast for 2024 on Tuesday, as it remained optimistic about India’s growth and focused on the need for more stimulus from China. The IMF now … Read more
