Workers inspect smart phone components at the visual inspection area of the surface mount technology workshop inside the Realme factory in Greater Noida, India: Anindito Mukerjee | Bloomberg | Getty Images Anindito Mukerjee | Bloomberg | Getty Images India’s booming tech sector has suffered a major blow as startup darlings Byju’s and Paytm plunge into … Read more
Wu Qing, Chairman of the China Securities Regulatory Commission, answers a question at a press conference during the second session of the 14th National People’s Congress (NPC) in Beijing on March 6, 2024. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images) Wang Zhao | Afp | Getty Images BEIJING — … Read more
China’s central bank governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to prop up consumer prices. Bloomberg | Bloomberg | Getty Images BEIJING — China’s central bank governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to “mildly” … Read more
JP Morgan headquarters at Canary Wharf financial district on 15th August 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images SINGAPORE – Asia-Pacific’s tech sector has been growing on the back of the semiconductor boom even as other industries struggle amid global macro uncertainty, according to investment bank JPMorgan. “Tech has … Read more
A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images China wants to unleash a “new leap forward” with “new productive forces” — but President Xi Jinping may need to resort to an old tactic to hit the country’s ambitious growth target this year, one economist warns. Beijing set … Read more
A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images China’s GDP target of 5% for 2024 is possible, but it won’t be easy to achieve, Hong Kong’s financial secretary told CNBC Tuesday after Beijing set a growth target of “around 5%” for this … Read more
New cars of the “Dolphin” model from Chinese car manufacturer BYD are in the harbor. Picture Alliance | Picture Alliance | Getty Images Chinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew. China’s EV market, the world’s largest and most crowded, is seeing … Read more
Singapore Prime Minister Lee Hsien Loong said Tuesday that a closed-door deal for Taylor Swift to perform in the city-state ensured she would not perform in other Southeast Asian countries during her Eras tour. “(Our) agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in … Read more
MariBank, Singapore tech giant Sea Group’s digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Southeast Asian tech giant Sea Limited on Monday posted its first profitable year amid efforts to defend market share against … Read more
Mt. Fuji and Tokyo skyline Jackyenjoyphotography | Moment | Getty Images Japan’s Nikkei stock index has been on a record-breaking spree on the back of robust earnings and investor-friendly measures. But the country’s ailing economy has experts divided over this sustainability of this rally. The Nikkei 225 surged past the 40,000 mark on Monday, with … Read more
