- January 4th, 2025
Alibaba Group Holding failed to meet analysts' expectations for its quarterly sales, citing ongoing economic uncertainty in China that has dampened consumer spending. The e-commerce giant's revenue for the second quarter ended September 30 reached 236.50 billion yuan (US$32.72 billion),...
Asian equities witnessed a notable rally on Friday, buoyed by signs of economic stabilization in China and a retreat in the US dollar. The Hong Kong Hang Seng and Australia’s S&P/ASX 200 advanced on data indicating the highest growth in...
China’s economy displayed signs of stabilization last month, supported by a resurgence in retail sales growth, which reached its highest level in eight months. The uptick suggests that the latest round of economic stimulus policies introduced by Beijing may be...
China’s economic landscape in October presented a mixed picture, underscoring the world’s second-largest economy's persistent struggle to gain momentum despite the government’s recent wave of support measures. Industrial output growth decelerated slightly while retail sales growth, buoyed by shopping festivals...
In a landmark move set to deepen economic ties between Vietnam and South Korea, LG Display has been granted an investment license by Vietnamese authorities to increase its investment in the Haiphong Economic Zone by $1 billion. This new inflow...
The U.S. Department of the Treasury has added South Korea to its "monitoring list" of trading partners, scrutinizing their foreign exchange practices amid broader concerns regarding currency manipulation and international trade fairness. This latest move comes as part of the...
Japan’s economy managed to post a modest annual growth rate of 0.9% for the July-September period, as consumer spending held steady, government data revealed on Friday. Despite global economic uncertainties and domestic challenges, the world’s fourth-largest economy recorded a 0.2%...
Shares of Findi Ltd., an Australia-based fintech services provider, surged to their highest levels in more than 20 years following the announcement of a landmark acquisition of Tata Communications Payment Solutions Ltd., an India-based payments technology and ATM service unit....
Asian markets struggled on Thursday as mounting concerns over China's sluggish economic performance rippled through the region, dragging down stock indices from Japan to South Korea. This downturn, influenced by China’s economic pressures and policy adjustments, was compounded by a...
Asian markets struggled on Thursday as weak performance in China pulled regional shares lower, while U.S. bond yields rose alongside the dollar as investors closely watched shifting U.S. monetary policy and inflation forecasts following Donald Trump's return to the White...
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