Day: January 23, 2025
He bought an abandoned tin mine in Phuket in 1984. Now, his hotel chain is worth over $200 million
Ho Kwon Ping is the co-founder and executive chairman of Banyan Group. Bloomberg | Bloomberg | Getty Images Growing up, Ho Kwon Ping didn’t think he’d become a businessman, let alone a hotel tycoon. “I had not always wanted to be an entrepreneur,” he told CNBC Make It. “It’s just that the few times where […]
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CNBC Daily Open: The S&P stages a comeback
The S&P 500 shook off the December doldrums to touch a new intraday high of 6,100.81 on Thursday. It’s also just a hair away from its all-time closing high. Source
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South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise […]
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SK Hynix fourth-quarter profit soars to a record high, beating expectations on AI boom
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images South Korea’s SK Hynix, one of the world’s largest memory chipmakers, posted record quarterly earnings […]
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Asia-Pacific markets open mixed as investors parse slew of economic data in the region
Aerial view of the capital city of Seoul in South Korea, seen at sunset. Tobiasjo | E+ | Getty Images Asia-Pacific markets opened mixed Thursday as investors assessed a slew of economic data in the region. Australia’s S&P/ASX 200 traded 0.42% lower at the open. Japan’s Nikkei 225 rose 0.38% at the open, while the […]
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