- January 30th, 2025
Dai-ichi Life Insurance Co. has reported a significant financial setback, incurring a loss of approximately ¥140 billion ($890 million) after selling off a substantial portion of its long-maturity bond holdings. This strategic decision was made to better position the company...
China’s services sector experienced its most robust expansion in seven months during December, driven by a notable surge in domestic demand. However, a concurrent decline in international orders has highlighted the growing external trade risks facing the world’s second-largest economy....
China's Geely Holding Group announced on Sunday its target to sell more than 5 million vehicles annually by 2027. This represents a significant leap from the 2.79 million units sold in 2023, signaling a potential growth of approximately 79% over...
Asian markets experienced a tumultuous start to the week, with a key gauge of regional currencies plummeting to its lowest level in nearly two decades against the U.S. dollar. The equity markets saw mixed performances amid thin holiday trading, as...
Singapore-headquartered Digital Edge raises substantial funds to meet rising cloud and AI demands Digital Edge, a leading data center company based in Singapore, announced on Monday that it has successfully raised over $1.6 billion through a combination of equity and...
Foxconn, the world's leading contract electronics manufacturer, has shattered expectations by posting its highest-ever revenue for the fourth quarter of 2024, bolstered by robust demand for artificial intelligence (AI) servers. This achievement underscores the company's strategic positioning in the burgeoning...
China's industrial output showed a slight improvement in November 2024, offering a glimmer of hope for an economy struggling with weak domestic consumption and looming trade challenges. However, lackluster retail sales growth underscored the pressing need for more aggressive stimulus...
Taiwan’s central bank is widely anticipated to maintain its policy interest rate at the current level of 2 percent during its upcoming quarterly meeting on Thursday, reflecting confidence in the island’s robust economic growth despite inflation concerns. According to a...
Amazon has announced a $1 million donation to President-elect Donald Trump’s inaugural fund. In addition to the monetary contribution, the e-commerce and streaming giant will air the inauguration on its Prime Video service, which it values as an in-kind donation...
China’s economic recovery faltered in November as exports slowed sharply and imports unexpectedly contracted, signaling potential trouble for the world’s second-largest economy. The downturn comes as former U.S. President Donald Trump prepares to return to the White House in 2025,...
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