Asia Economy
India ‘very favorable’ for IPOs, Peak XV says, as economy and investor sentiment stay strong
Shailendra Singh, managing director of Peak XV Partners. Lionel Ng | Bloomberg | Getty Images India offers a “very favorable” environment for companies to launch initial public offerings, said Shailendra Singh, managing director at Peak XV Partners, formerly Sequoia Capital India & Southeast Asia. “My general view is, especially in Indian public markets, the regulatory […]
Read More
Asia markets rise after Wall Street soars on soft inflation data; Japan GDP shrinks
A man looks at an electronic quotation board displaying stock prices on the Tokyo Stock Exchange in Tokyo on August 2, 2022. Kazuhiro Nogi | AFP | Getty Images Asia-Pacific stocks rose Thursday after Wall Street benchmarks closed at record highs on soft inflation data, while investors assessed Japan GDP data. U.S. consumer price index […]
Read More
China is still an important market even if investors diversify from it now, says Peak XV
Shailendra Singh. Lionel Ng | Bloomberg | Getty Images China will remain an important market for investors in the long term, even if other countries are now benefiting from investments flowing out of China amid escalating tensions with the U.S., according to Peak XV Partners, formerly Sequoia Capital India and Southeast Asia. “The China Plus […]
Read More
Europe need to keep away from ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics main states
The European Union must stay clear of a unsafe decoupling of world wide trade as it mulls tariffs on Chinese electric autos and other merchandise, the bloc’s financial chief mentioned Wednesday. “I consider that as much as Europe is concerned we have to have a a lot more mature mindset in our trade, securing our […]
Read More
Singapore’s Lawrence Wong sworn in as new key minister — the initially management improve in 20 many years
Singapore’s new Key Minister Lawrence Wong (2nd R) shakes hands with now senior minister Lee Hsien Loong (2nd L) throughout the swearing-in ceremony at the Istana in Singapore on May possibly 15, 2024. Lawrence Wong was sworn in on Could 15 as Singapore’s new key minister, following Lee Hsien Loong stepped down pursuing two a […]
Read More
China’s worldwide students under force as economic uncertainty looms
As a rising range of overseas Chinese students run into financial troubles because of to the declining wealth of their people, lots of go on line to express their grief and search for assistance on how to cope with the scenario. Andersen Ross Pictures Inc | Digitalvision | Getty Photos When Xiao Zhang went to […]
Read More
Asia markets track Wall Street gains in advance of vital U.S. inflation knowledge
Asia markets ended up greater Wednesday, tracking Wall Road gains right away that noticed the Nasdaq Composite index strike a new history closing high. Source
Read More
Fallout among the Maldives and India is ‘absolutely’ benefiting Sri Lanka, claims tourism minister
Calls for Indian travelers to boycott the Maldives is “unquestionably” aiding Sri Lanka’s travel sector, the country’s Tourism Minister Harin Fernando explained Thursday. “The Maldives challenge is … helping us,” Fernando explained to CNBC, referencing a social media row in January that resulted in a sharp drop in Indian people to the Maldives this 12 […]
Read More
Sony reviews 7% fall in once-a-year revenue as PlayStation 5 gross sales pass up trimmed target
The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Pictures Sony on Tuesday described a 7% fall in annual revenue in the fiscal yr 2023 amid weakness in its gaming division. The firm also narrowly missed its forecast for unit sales of its flagship PlayStation 5 gaming console for the […]
Read More
Uber to get Foodpanda’s Taiwan company for $950 million, creating a likely monopoly
TAIPEI, TAIWAN – 2021/07/19: A foodpanda shipping male carrying a experience mask rides past a Taiwanese flag forward of the COVID-19 notify Level 3 restriction raise in Taipei. (Photograph by Walid Berrazeg/SOPA Visuals/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Uber Technologies will purchase the Taiwan business of Shipping Hero-owned Foodpanda for […]
Read More