An Hour Ago CNBC Pro: There’s a ‘game of thrones’ in AI — but these Chinese tech giants offer ‘a lot of value,’ says tech veteran China’s tech giants may be reeling from the regulatory clampdowns, but they still have “a lot of value,” according to veteran analyst Dan Ives. The managing director and senior … Read more
Fri, Oct 20 2023 1:34 AM EDT Malaysia inflation rate slides to lowest since March 2021 Malaysia’s consumer price index recorded a 1.9% increase year on year for September, lower than the 2% in August and also lower than the 2.2% expected by a Reuters poll. This is lowest rate of inflation the country has … Read more
Sydney Harbour in Australia, featuring the Sydney Opera House and Harbour Bridge. Raisbeckfoto | E+ | Getty Images Asia-Pacific markets fell across the board taking cues from U.S. markets overnight, while the Bank of Korea kept its interest rates steady for the sixth time in a row. This also mirrors moves on Wall Street as … Read more
Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty Images Japan’s business sentiment improved in the third quarter, a central bank survey showed, suggesting conditions for a durable economic revival are falling into place even as a global slowdown keeps policymakers cautious about the outlook. Big non-manufacturers’ mood brightened to levels unseen since 1991, … Read more
Fri, Sep 15 2023 1:51 AM EDT India has ‘always been at the forefront’ for Bell Flight, managing director says “India has always been at the forefront for us,” Sameer Rehman, managing director of U.S. aerospace manufacturer Bell Flight told CNBC’s “Squawk Box Asia.” “As the fastest growing economy, as the largest population now on … Read more
5 Hours Ago Japan is not likely to unwind from its ultra-easy monetary policy anytime soon: Daiwa Securities While the markets are expecting the Bank of Japan to exit its ultra-easy monetary policy, Daiwa Securities’ deputy president Keiko Tashiro thinks these moves may not come as soon as some think. BOJ Governor Kazuo Ueda reportedly … Read more
Japan ,Tokyo City skyline, Tokyo Tower. (Photo by: Dukas/Universal Images Group via Getty Images) Prisma By Dukas | Universal Images Group | Getty Images Asia-Pacific markets were lower on Friday as Japan released revised second quarter gross domestic product figures. Hong Kong cancelled trade for the whole day due to a storm warning. Japan’s Nikkei … Read more
Asia markets mixed as Japan Q2 GDP grows less than expected; Hong Kong may pause trade CNBC Source link
Thu, Sep 7 2023 2:10 AM EDT Evergrande shares extend rally, climbing as much as 28% on Thursday Shares of Chinese real estate developer Evergrande continued its rally, climbing as much as 28% on Thursday — although the stock later pared gains to about 6.25% above its last close. This comes after Evergrande spiked more … Read more
9 Mins Ago Country Garden to issue HK$270 million worth of new shares to repay loans Chinese property firm Country Garden Holdings announced a plan to issue about 270 million Hong Kong dollars ($34.4 million) worth of new shares to repay some of its loans. The company said the new shares will issued at 77 … Read more