World
Southeast Asia’s e-commerce market is still in its ‘opening act,’ says venture capital firm
Southeast Asia’s e-commerce ecosystem is still at a “very, very nascent stage” and many more business models and companies will be formed in the region, said the founding partner of a venture capital firm. “We’re talking about single-digit digital penetration, as compared to the overall commerce penetration,” Amit Anand of Jungle Ventures, a Southeast Asian […]
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Chinese electric car start-up Nio says supply chain disruption, not demand, is their biggest problem
Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images BEIJING — Nio’s biggest challenge right now is making sure that supply chains are stable, CEO William […]
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Asia-Pacific markets trade higher; China to announce its benchmark lending rate
SINGAPORE — Shares in the Asia-Pacific markets gained on Friday as a volatile trading week comes to a close and investors watch for the release of China’s benchmark lending rate. Japan’s Nikkei 225 rose 0.41% in early trade, while the Topix advanced 0.23%. Japan’s core consumer prices, which include energy costs but not fresh food, […]
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Investing Club: Here’s how much each company in our portfolio is exposed to China
Shanghai and Beijing have retained, if not tightened, many Covid-related restrictions on business and travel. In this picture, workers disinfect a residential community on May 11, 2022, in Beijing, China. Beijing Youth Daily | Visual China Group | Getty Images Source
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Druckenmiller is betting against the wider market, while seeing value in energy stocks
Billionaire investor Stanley Druckenmiller added a sizable bet against the S & P 500 in the first quarter, while piling into a slew of energy names during the market turmoil. Duquesne Family Office bought 2,396 put contracts of the SPDR S & P 500 ETF (SPY) in the first quarter, according to a regulatory filing. […]
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These fortress stocks hold up the most during bear markets and pay a nice dividend
With the S & P 500 close to crossing into a bear market as stocks continue their 2022 slide, investors looking for stable names in rocky times have a few opportunities. The broad market index on Thursday fought to stay green. It was down about 18% for the year and sitting 19% from last year’s […]
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Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high
A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now costs $4, or $5, and […]
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Biden says Sweden and Finland have the ‘full backing’ of the United States to join NATO
US President Joe Biden, Swedens Prime Minister Magdalena Andersson and Finlands President Sauli Niinistö arrive to speak in the Rose Garden following a meeting at the White House in Washington, DC, on May 19, 2022. Mandel Ngan | AFP | Getty Images WASHINGTON — President Joe Biden said Thursday that the United States fully supports Sweden and […]
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South Africa hikes rates as it steps up inflation fight
Lesetja Kganyago, governor of South Africa’s central bank, speaks during a news conference following a Monetary Policy Committee meeting in Pretoria, South Africa, on Thursday, May 25, 2017. Waldo Swiegers | Bloomberg | Getty Images South Africa’s central bank on Thursday increased its main lending rate by the largest margin in more than six years […]
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British Airways owner IAG to order 50 Boeing 737 MAX jets
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, June 29, 2020. Karen Ducey | Reuters British Airways owner IAG said on Thursday it has agreed to order 50 Boeing 737 MAX jets for delivery between 2023 and 2027, in a vote of confidence in the struggling U.S. […]
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