Text size Western Digital is having production issues at two factories in Japan. Dreamstime Western Digital and Micron Technology shares are both trading sharply higher Thursday on news that flash-mem...
Tag: Asia
Nvidia Calls Off Acquisition of Chip-Designer Arm. It’s Not a Surprise.
Text size Justin Sullivan/Getty Images Shares of Nvidia fell in premarket trading Tuesday after the graphics chipmaker and Japan’s SoftBank agreed to call off Nvidia’s deal to buy microprocessor desig...
Moneta Markets Hires Kitty Yu as Asia Business Development Manager
Moneta Markets, a unit of Vantage (previously Vantage FX), announced on Monday the hiring of Kitty Yu as the broker’s Regional Business Development Manager – Asia. As her official title suggests...
Under 30 Asia Alum Launches AI Startup With Funding From Kai-Fu Lee’s Sinovation Ventures And ZhenFund
getty A Singapore-based startup that’s speeding up artificial intelligence computations through high-performance computing has attracted $4.7 million in venture capital, says founder and CEO You Yang....
All eyes on Asia — Crypto’s new chapter post-China
A fundamental trait of crypto is as an asset class that transcends jurisdictions. Yet, one of the key hubs driving adoption and innovation is Asia. Since the heady days of Korea’s Kimchi premium and B...
Asia grapples with high underinsurance amid rise in climate disasters
Rescuers evacuate stranded people in the waterlogged urban area of Weihui City in Xinxiang, central China’s Henan Province, July 27, 2021. Li An | Xinhua News Agency | Getty Images The flooding ...
First Mover Asia: Crypto Prices Rise With Investors' Appetite for Risk
Good morning. Here’s what’s happening: Market moves: Bitcoin opened February higher; China’s crypto community remains active after all. Technician’s take: Sideways trading between $35K-$40K BTC ...
Central banks throughout Asia work out their CBDC bumps
TL;DR Breakdown Central banks in Asia are leading the charge in creating their own digital currencies. Cross-border interoperability in Asia, for their CBDCs, is contingent on regional cooperation. At...
First Mover Asia: Crypto Finishes Bad Month on High Note
Good morning. Here’s what’s happening: Market moves: Bitcoin ended a bad January on a positive note; DeFi trading volume grew steadily. Technician’s take: BTC’s January sell-off could attr...
Credit Suisse Onboards Robery Huray as SE Asia Investment Banking Vice-Chairman
Credit Suisse announced that it has onboarded Robery Huray as its South East Asia Investment Banking Vice-Chairman, effective January 2022. Finance Magnates recently learned from a press release that ...
Wolverhampton Wanderers’ Bridge From Asia To The Premier League Via Grasshopper Zurich
Jeong Sangbin (11) of Korea Republic after the loss during the quarterfinal match between Korea … [+] Republic and Mexico in the FIFA U-17 World Cup Brazil on November 10, 2019. (Photo by Maddie...
Dogecoin ranks number one among most used cryptos in Asia
TL;DR Breakdown • Several fast-food chains adopt DOGE in the world.• The crypto-meme Dogecoin gains priority in the life of Elon Musk, CEO of Tesla. Recently, the meme cryptocurrency Dogecoin reached ...
Hong Kong SFC Fines Citigroup’s Asia Subsidiary $44.68 Million
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited and also slapped a fine of HK$348.25 million (around $44.68 million) for some serious regulato...
First Mover Asia: Bearish Crypto Sentiment Continues as Dollar Strengthens
Good morning. Here’s what’s happening: Market moves: Bitcoin extends drop before rising slightly; Crypto Twitter was dominated by the DeFi Wonderland drama. Technician’s take: BTC’s upside...
First Mover Asia: Interest Rate Hikes in the Future? Crypto Rally Shorts Out
Good morning. Here’s what’s happening: Market moves: Bitcoin gave up early gains after Powell’s hawkish comments. Technician’s take: Long-term momentum remains weak and BTC is at a critical poin...
Kazakhstan Powers Down Bitcoin Miners as Blackouts Roil Central Asia
Don’t expect Kazakhstan Bitcoin miners to be earning any BTC during the final week of January. The state-run Kazakhstan Electricity Grid Operating Company (KEGOC) confirmed to Bloomberg that ele...
Under 30 Asia Alum Launches Digital Mental Healthcare Startup Amid Lockdowns And Pandemic Stress
Justin Kim, cofounder and CEO of Ami. COURTESY OF JUSTIN KIM After working at two fast-growing startups in South Korea, Justin Kim, a Forbes 30 Under 30 Asia alum from 2020, launched his own startup, ...
First Mover Asia: Bitcoin, Ether Regain Ground Sunday After Early Weekend Battering
Good morning. Here’s what’s happening: Market moves: Bitcoin was trading at over $36,000 on Sunday after continuing its recent decline earlier in the weekend. Technician’s take: BTC is stabilizi...
Bitcoin Dips Below $40,000 During Broader Asia Market Sell-Off
“Talk of the town this week is the latest jump in bond yields, most notably U.S. Treasuries, as investors continue to position for an accelerated tightening timeline. The market is now pricing i...
First Mover Asia: Bitcoin, Altcoins Rise and Then Sink
Good morning. Here’s what’s happening: Market moves: The largest cryptocurrency by market capitalization falls under $41,000; ether and other major altcoins also drop. Technician’s take: Oversol...
First Mover Asia: Fed Tightening, Economic Woes Continue to Spook Crypto Investors
Good morning. Here’s what’s happening: Market moves: Bitcoin and ether go down and then up; altcoin prices are mixed. Technician’s take: BTC appears oversold into the Asia trading day, but upsid...
Asia Is Winning The War For EV Batteries
With consumer interest in electric vehicles increasing, the global market for EV batteries has grown to the size of $27 billion in 2021 and is expected to continue expanding. In addition to having bec...
Stock Market Today: Global Shares Rise as U.S. Markets Pause for M.L.K. Jr. Day
Text size Wall Street trading will return in force Tuesday. Angela Weiss/AFP via Getty Images Global stocks moved slightly Monday in what is expected to be a quiet trading session, with U.S. markets c...
First Mover Asia: Bitcoin Continues Its Sluggishness Amid Darkening Economic Signs
Good morning. Here’s what’s happening: Market moves: Bitcoin’s price hovered above $43,000 as investors looked for signs that the cryptocurrency’s price had hit a bottom point. Technician’...
3 Key Trends That Will Shape Asia Retail In 2022
The future will see physical and digital worlds converge with no distinguishing differences between … [+] channels and entities. NurPhoto via Getty Images At the peak of the pandemic, experts sp...
Finalto Hires Alex Wijaya as Asia Sales Director, Promotes Pablo Gomez
Finalto has announced two major appointments on Friday: one is the hiring of Alex Wijaya as Finalto Asia Sales Director, and the other is the promotion of Pablo Gomez as Global Head of Client Services...
Singapore Tycoon Wee Cho Yaw’s UOB To Buy Citi’s Southeast Asia Consumer Business For $3.6 Billion
Wee Ee Cheong, chief executive officer of United Overseas Bank Ltd. (UOB), holds a news conference … [+] in Singapore, on February 22, 2019. Ore Huiying/Bloomberg United Overseas Bank—controlled...