(Bloomberg) — Stocks in Asia fell after US equities dropped for a second day and Treasuries slid as investors began to adjust for the prospect of higher interest rates as the Federal Reserve bat...
Tag: Asia
Asia IPOs In U.S. Poised To Increase As Region’s Economies Recover, Nasdaq Vice Chairman Says
Huang Ping, the Chinese consul general in New York, rang the opening bell at the Nasdaq on Jan. 25. Courtesy of Nasdaq In 2019, the year before Covid upended global travel and business, the Nasdaq att...
FPT Software and Anaplan Asia Pacific Partner to Enhance Enterprise Performance across Southeast Asia
HANOI, Vietnam–(BUSINESS WIRE)–#Anaplan–FPT Software, Vietnam’s leading technology and IT services provider recently entered a strategic partnership with business planning and decision-making platform...
Crypto Bank SEBA Hires Ex-JPMorgan Banker as Asia Pacific Head
A former JPMorgan banker will be heading SEBA Bank’s Asia Pacific market. The new CEO said SEBA is processing licenses in Singapore and Hong Kong. Alameda research has about a 1% stake in SEBA bank. S...
Language Differences Hold Back U.S. Companies In Fast-Growing Asia: KPMG Economist
Travelers on the move in the departure hall at the Hongqiao Railway Station in Shanghai last month; … [+] China’s economic growth rate this year is expected to one of the world’s fas...
5 Growing Retail Tech Trends That Will Dominate Asia And Beyond In 2023
From artificial intelligence (AI) and machine learning (ML) to cryptocurrency payments, retailers … [+] are taking advantage of trending technologies to streamline operations, increase sales, an...
Adani Drops To Third Richest In Asia After Stock Market Rout Knocks Off Another $12 Billion From His Fortune
Topline India’s Gautam Adani slipped one more spot to third on the list of Asia’s richest people after shares in his group’s listed companies continued to nosedive on Thursday while they attempt to pu...
How Gautam Adani Lost More Than $50 Billion In A Week—And His Ranking As Asia’s Richest
Topline Here’s a timeline of how Indian billionaire Gautam Adani has seen his fortune shrink by $51.7 billion in the past week as his group of companies have had to battle against allegations of stock...
Hong Kong Plans to Regain Crypto Lead in Southeast Asia
Hong Kong remains committed to becoming a global cryptocurrency hub in spite of the challenges posed by markets and rivals. Hong Kong officially unveiled its new approach to cryptocurrencies during it...
Intel’s Data Warning Hits AMD and Nvidia Stock. A Chip Sector Upheaval Is Near.
Intel ‘s disappointing results and warning of a contracting data-center market knocked the stock in some of its key rivals on Friday. Intel (ticker: INTC) shares were down 10% in premarket trading af...
Billionaire Adani’s Empire Loses $51 Billion in 48 Hours
Suspicion is creating chaos in the empire built by the Indian billionaire Gautam Adani, who since last year has become the richest man in Asia. Adani, 60, saw his fortune jump by more than $40 billio...
Nokia Earnings Top Expectations. India is Powering Its 5G Growth.
Nokia stock climbed on Thursday after the Finnish telecommunications company beat analysts’ expectations for its fourth-quarter earnings and sales, as 5G installation in countries such as India underp...
ASML Profit Tops Expectations. It Sees a Chip Market Rebound.
ASML Holding, a critical supplier to the global chip-making industry, said Wednesday that it expects to report more than 25% sales growth this year despite uncertainty in the semiconductor industry, a...
Asia Express – Cointelegraph Magazine
Our weekly roundup of news from East Asia curates the industry’s most important developments. Samsung’s new Bitcoin ETF On Jan. 13, Samsung Asset Management, a wholly-owned subsidiary of the namesake ...
Samsung’s Asset Management Subsidiary Launches Bitcoin Futures ETF in Asia
The Hong Kong-based subsidiary of Korea’s largest investment manager, Samsung Asset Management, is set to offer Bitcoin (BTC) futures exchange-traded funds (ETFs) to investors in Asia. Samsung Asset M...
Taiwan Semiconductor Braces for Downturn Despite Record Profit
Taiwan Semiconductor Manufacturing has reported a record net profit and beat analysts’ expectations for its fourth quarter but warned of waning demand in 2023. Taiwan Semiconductor (ticker: TSM), the...
Asia Stocks On Track to Enter Bull Market as China Rally Extends
(Bloomberg) — Asia’s benchmark stock index was on track to enter a bull market, as China’s reopening and a weakening dollar lure investors back to the region. Most Read from Bloomberg The MSCI A...
Apple Stock Falls Amid Report Of Product Orders Being Cut In Asia
Apple stock got off to a slow start in 2023 as shares fell on a report that the company has cut MacBook, Apple Watch and AirPod orders from Asian suppliers. Fiscal first-quarter earnings for Apple (AA...
Five Things to Watch in Asia Stocks After $5 Trillion Wipeout
(Bloomberg) — Turnaround hopes for Asian equities abound after a near $5 trillion wipeout in valuation, with investors betting some of the biggest bugbears of last year will evolve into tailwind...
Facing climate change, Asia farmers turn to risky microfinance loans
The “microfinance” industry — long touted as a way to help poor, rural communities in developing countries — is pushing tens of thousands of farming families into debt traps as they attemp...
Travel abroad set for 2023 surge as Americans eye Asia, Europe trips
Mt. Fuji, Japan. Jirawat Plekhongthu / Eyeem | Eyeem | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two or three years’ worth o...
Around Asia, cryptocurrency miners and brokers are closing their doors
Join Our Telegram channel to stay up to date on breaking news coverage Global bitcoin fever swept millions of people between 2020 and the middle of 2022. Converts to blockchain and Web3 reached every ...
Is the Stock Market Open Today? Here Are the Trading Hours for Christmas.
This holiday season hasn’t exactly been filled with cheer for investors: Companies have been battling inflation and market volatility—and a recession seems to be looming ahead. On Thursday, the market...
Former BlockFi VP For Asia Joins Google as APAC Web3 Division Lead
5 hours ago | 2 mins read Blockchain News Google stated that the Web3 industry had “tremendous potential.” Ramchandani expressed his excitement at joining the global technology firm. Former BlockFi ex...
Asia Stocks Sentiment Buoyed by Tech, Fed Comments: Markets Wrap
(Bloomberg) — Asian stocks were poised to advance and major currencies edged higher versus the dollar early Monday amid positive sentiment for riskier assets after a rebound on Wall Street and e...