Asia Economy
French industrial giant Schneider Electric hails the significance of China’s ‘DeepSeek moment’
China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric. “I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at […]
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Ray Dalio warns a severe U.S. supply-demand debt problem could lead to ‘shocking developments’
Bridgewater founder Ray Dalio on Wednesday warned that a “very severe” supply-demand problem regarding U.S. debt. “The first thing is the debt issue, we have a very severe supply-demand problem,” Dalio told CNBC’s Sara Eisen at CONVERGE LIVE in Singapore. Dalio, who was speaking on the same panel as Salesforce CEO Marc Benioff, said this […]
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CONVERGE LIVE updates: Ray Dalio, Marc Benioff and Alibaba’s Tsai to talk AI, markets and more
Tourists visit the Jewel Changi Airport in Singapore on Sept. 7, 2023. Xinhua News Agency | Xinhua News Agency | Getty Images SINGAPORE — Welcome to CNBC’s live blog on the first day of CONVERGE LIVE in Singapore, where global business leaders, investors and key policymakers will share ideas about what it means to innovate […]
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Japan revises fourth-quarter GDP lower, complicating BOJ’s interest rate outlook
TOPSHOT – Customers enter an electronics shop in the Akihabara district of Tokyo on January 12, 2024. Richard A. Brooks | Afp | Getty Images Japan’s economic growth slowed to 2.2% on an annualized basis in the fourth quarter, complicating the central bank’s case for a near-term interest rate as the country grapples with tepid […]
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Asia-Pacific markets slide following selloff in U.S. markets; Nikkei 225 falls 2%
A man looks at an electronic board displaying stock prices of the Nikkei 225 listed on the Tokyo Stock Exchange in Tokyo on April 30, 2024. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets slid on Tuesday, tracking losses in the U.S. following anxiety over tariff policy and a potential recession in the world’s […]
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China bond yields jump to three-month highs as investors pare rate cut expectations
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images China’s sovereign bond prices fell Monday, pushing yields to their highest levels this year, as investors trimmed holdings on bets that additional fiscal spending will boost growth and push back interest rate cuts. Yields on China’s […]
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Asia-Pacific markets trade mixed after a volatile trading week
Stanley Chen Xi, Landscape And Architecture Photographer | Moment | Getty Images Asia-Pacific markets were mixed on Monday after a volatile trading week around the world. U.S. stocks — which are expected to open lower on Monday — have been on a roller-coaster ride since the start of the month given uncertainty surrounding U.S. President […]
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China’s consumer inflation turns negative for the first time in 13 months
Aerial view of self-propelled jack-up wind power installation platform “Huaxia Honghu 01” after being delivered at CIMC Raffles’ Yantai construction base on March 6, 2025 in Yantai, Shandong Province of China. Vcg | Visual China Group | Getty Images China’s national consumer price index (CPI) in February fell into negative territory for the first time […]
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China to impose retaliatory tariffs on some Canadian products as trade war heats up
Containers at the Port of Vancouver in Vancouver, British Columbia, Canada, Feb. 28, 2025. Ethan Cairns/Bloomberg via Getty Images China on Saturday announced retaliatory tariffs on some Canadian agricultural goods, hitting back after Ottawa slapped import duties on Chinese-made electric vehicles and steel and aluminum products. Beijing said a 100% tariff would be imposed on […]
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Japan’s 30-year bond yield hits highest level since 2008; Nikkei leads Asia losses
A drone view shows containers and cargo ships at a port in Wuhu, Anhui province, China, on Feb. 4, 2025. China Daily | Via Reuters Asia-Pacific markets fell on Friday, with yields on long-term Japanese government bonds hitting levels not seen since the 2008 financial crisis. The moves in Asia markets mirrored losses on Wall […]
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