Asia Economy
Adani Group shares nosedive after chairman Gautam Adani charged with fraud in New York
Signage of Adani Group at Adani Defence and Aerospace booth during the Aero India 2023 at Air Force Station Yelahanka in Bengaluru, India, on Monday, Feb. 13, 2023. Bloomberg | Bloomberg | Getty Images India’s Adani Group saw shares of its companies plunge Thursday after its billionaire chairman Gautam Adani was indicted in a New […]
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Asia markets mostly fall as investors assess Nvidia results, Adani charges
CNBC Pro: HSBC names 3 ‘underappreciated’ Asian stocks to watch in 2025 — giving one 63% upside potential Asian markets will look “very different” in 2025 in light of China’s new policy measures, the slowing Indian economy and Southeast Asian countries’ investments into new infrastructure, according to HSBC. Still, several stocks can “benefit from these […]
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‘We are firing on all cylinders’: Marriott CEO says business is solid despite corporate layoffs
Marriott International’s business operations and growth are solid, CEO Anthony Capuano told CNBC Monday, amid layoffs of more than 800 corporate employees and continued sluggishness in China’s tourism market. “We are firing on all cylinders in every geography,” he said. The company’s third-quarter earnings showed a 3% increase in worldwide RevPar — or revenue per […]
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Japan exports rise more than expected in October, rebounding from 43-month low
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images Japan’s exports posted a 3.1% rise in October compared to a year ago, rebounding from a fall in September that marked a 43-month low. The climb beat expectations of a 2.2% rise […]
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Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private
TOKYO, JAPAN – 2024/10/11: Logo at the Seven & i Holdings headquarters in Tokyo. Sopa Images | Lightrocket | Getty Images Shares of 7-Eleven owner Seven & i soared nearly 11% on Wednesday after a report said the company’s founding family was raising more than $50 billion to take the company private within this fiscal […]
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China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures
The People’s Bank of China (PBOC) building in Beijing on Dec. 15, 2022. Bloomberg | Getty Images China’s central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of its recent stimulus measures. The People’s Bank of China said it would keep the 1-year loan prime rate at 3.1%, and […]
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Asia markets open mostly higher as investors assess Japan trade data, await China lending rates
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images Asia-Pacific markets opened mostly higher Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Investors assessed October trade data out of Japan. Export growth came in at 3.1% year […]
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China’s top financial officials set to speak at Hong Kong summit
GUANGZHOU, CHINA – APRIL 6: Chinese Vice Premier He Lifeng prepares for a meeting with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China. Ken Ishii | Getty Images News | Getty Images Chinese Vice Premier He Lifeng and several other top financial policymakers are scheduled to speak Tuesday at a global […]
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China to front-load 2025 local government special bonds quota, report says
BEIJING, CHINA – SEPTEMBER 04: Buildings and vehicles are seen in the central business district during the rush hour on September 4, 2020 in Beijing, China. Zhang Qiao | Visual China Group | Getty Images China’s finance ministry is planning to front-load part of the 2025 local government special bonds quota to meet funding needs […]
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Thailand legalizing same-sex marriage is likely to bring a flood of tourists
Thailand’s same-sex marriage legislation, scheduled to come into effect in January 2025, could attract an additional 4 million tourists to the country per year, according to a report commissioned by the travel company Agoda. The report published Thursday estimates the country’s marriage equality law may increase tourism arrivals by 10%, netting the country an extra […]
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