Asia Economy
Asia-Pacific markets open higher after Fed keeps interest rate steady
A pedestrian jogs along the Bund across from buildings in Pudong’s Lujiazui Financial District in Shanghai, China, on Thursday, Jan. 2, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets opened higher, tracking Wall Street gains following the Federal Reserve’s decision to hold interest rates steady. The U.S. central bank also noted that a severe […]
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SoftBank to acquire chip designer Ampere in $6.5 billion deal
The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025. Kazuhiro Nogi | Afp | Getty Images SoftBank Group said Wednesday that it will acquire Ampere Computing, a startup that designed an Arm-based server chip, for $6.5 billion. The company expects the deal to close in […]
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China markets are set to outperform Wall Street as U.S. ‘exceptionalism’ comes to a pause
The Chinese national flag fluttering with the Lujiazui Financial District in the background. Vcg | Visual China Group | Getty Images A rally in Chinese stocks since the start of the year is prompting investors to predict that mainland shares will outperform their American peers in a sign that attractive valuations are trumping the idea […]
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China is tackling weak consumption with child care subsidies
Key Points Among the top five priorities China has laid out for boosting consumption is child care subsidies. A national-level policy of 100 billion yuan ($13.84 billion) for child care subsidies could come soon this year, Jianguang Shen, chief economist at Chinese e-commerce company JD.com, said in Mandarin, translated by CNBC. In a glimpse of […]
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Bank of Japan keeps rates steady as Trump tariffs cast a shadow over economic outlook
Japan’s national flag flutters at the Bank of Japan headquarters in Tokyo on May 30, 2024. Kazuhiro Nogi | Afp | Getty Images Japan’s central bank on Wednesday kept its key policy rate steady at 0.5% in a unanimous vote, as the export-reliant country assesses the potential impact of U.S. President Donald Trump’s protectionist trade […]
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Asia-Pacific markets mixed following losses on Wall Street; Bank of Japan meeting in focus
© Marco Bottigelli | Moment | Getty Images Asia-Pacific markets traded mixed on Wednesday, following declines on Wall Street after a sell-off in technology stocks picked up pace. Japanese markets will be in focus for investors, with the Bank of Japan poised to announce its monetary policy decision later in the day. The central bank […]
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Baidu, once China’s generative AI leader, is battling to regain its position
Baidu has launched a slew of AI applications after its Ernie chatbot received public approval. Sopa Images | Lightrocket | Getty Images Chinese tech giant Baidu has released two new artificial intelligence models as it vies to regain its leading position in the country’s fiercely competitive AI space. The Baidu models launched Sunday included the […]
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BYD shares rally after it rolls out new technology that charges EVs in five minutes
A BYD Plus DM-i electric vehicle is seen on display at a showroom in the Jing’an district of Shanghai on March 11, 2025. Hector Retamal | Afp | Getty Images Shares of China’s BYD rallied on Tuesday after the company announced a new technology that it claims can charge electric vehicles almost as quickly as […]
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Asia-Pacific markets set to rise as Wall Street bounces on retail sales data
Yukinori Hasumi | Moment | Getty Images Asia-Pacific markets are set to rise on Tuesday, tracking gains on Wall Street, which ticked up after retail sales data appeared to ease recession concerns. Investors will be keeping a close watch on Japanese markets, as the Bank of Japan kicks off its two-day monetary policy meeting on […]
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Singapore is more expensive than regional peers. So it’s using a different playbook to attract visitors
British national Tony Cross first set foot in Singapore in 1992, when the city-state’s main draws were its glitzy malls, the pulsating Zouk nightclub and the renowned Singapore Zoo. Today, shopping has taken a backseat, as prices for goods have climbed alongside commercial rents in a city where space is scarce. And, Singapore’s once-thriving clubbing […]
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