- December 24th, 2024
Asian stock markets exhibited mixed performances on Thursday following a historic high on Wall Street. Investors grew increasingly hopeful for U.S. Federal Reserve rate cuts after softer U.S. services data suggested a cooling economy, boosting market sentiment. The S&P 500,...
Chinese e-commerce platform Temu, operated by PDD Holdings, has been ordered to suspend operations in Vietnam after missing the deadline to complete its business registration, Vietnamese state media reported on Thursday. The Ministry of Industry and Trade confirmed that Temu...
Bitcoin, the world’s most popular cryptocurrency, soared above $100,000 for the first time on Thursday, marking a historic milestone for digital assets. This unprecedented rise follows the election of Republican Donald Trump as President of the United States, an event...
The United States has introduced sweeping new sanctions targeting China’s chip industry, escalating its technological rivalry with Beijing. Announced on Monday by the U.S. Department of Commerce's Bureau of Industry and Security (BIS), these measures focus on advanced semiconductor technologies,...
Vietnam has announced ambitious plans to construct a high-speed railway stretching over 1,500 kilometers, connecting the capital Hanoi in the north to the southern economic hub of Ho Chi Minh City. The landmark project, valued at $67 billion, was approved...
TD Bank has made a high-profile addition to its compliance and risk management team, hiring Georgia Stavridis from the Royal Bank of Canada (RBC) as vice president in financial crimes risk management, a newly created role. The move signals TD’s...
A new wave of corporate reform is sweeping across Asia, inspired by Japan’s decade-long efforts to enhance shareholder returns, improve corporate governance, and elevate market valuations. From Seoul to New Delhi, governments and regulators are adopting strategies akin to Japan’s,...
JPMorgan Chase & Co. has agreed to withdraw its long-standing lawsuit against Tesla Inc., ending a three-year legal battle over stock warrant transactions worth $162 million. Both parties announced the decision in a joint one-page court filing on Friday, indicating...
The Chinese economy and factory activity expanded modestly for the second consecutive month in November, bolstered by government stimulus measures. The official Purchasing Managers' Index (PMI) released by the National Bureau of Statistics (NBS) rose to 50.3—a seven-month high—up from...
U.S. financial giant JPMorgan Chase announced on Friday that it had agreed to drop its high-profile lawsuit against Tesla. The lawsuit accused the electric vehicle maker of breaching a 2014 contract related to stock warrants. This agreement marks the end...
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