Major U.S. indexes posted declines as yields on U.S. government debt rose ahead of Asia’s Tuesday trading day. U.S. stocks closed lower after the yield on the 10-year Treasury note rose above 2.7 percent, its highest levels since April 2014. The rise in bond rates this year has been driven by concerns over higher inflation. […]
Read moreJapan’s financial regulator said on Monday it would inspect all cryptocurrency exchanges and ordered Coincheck to get its act together after hackers stole $530 million worth of digital money from its exchange in one of the biggest cyber heists on record. The theft highlights the vulnerabilities in trading an asset that global policymakers are struggling […]
Read moreIndia on Monday forecast its economic growth would accelerate to 7 to 7.5 percent in the 2018/19 fiscal year, to once again become the world’s fastest-growing major economy. The government’s economic survey, presented to parliament on Monday went on to say that though the plan has been to reduce the fiscal deficit from an estimated […]
Read moreGoogle has made an investment in Indonesian ride-hailing start-up Go-Jek. The move is part of Google’s ambition to grow Indonesia’s digital economy and start-up scene, the tech giant said in a statement Monday. “Go-Jek is led by a strong Indonesian management team and has a proven track record of using technology to make life more […]
Read moreIn self-ruled Taiwan, fears of a military invasion from the world’s second-largest economy are growing. Following Beijing’s increased military drills near the East Asian island, which China considers as part of its own, Taiwanese President Tsai Ing-wen said in a televised broadcast last week that she did not exclude the possibility of a full-blown attack. […]
Read moreFord Motor said on Monday that its China chief Jason Luo has resigned after leading the U.S. automaker’s China operations for roughly five months. Luo’s resignation was effective immediately, the company said in a statement. In his role, Luo was responsible for leading Ford’s operations in Greater China including its import business, Lincoln, its passenger […]
Read moreThe first official Belt and Road bond in China’s domestic market has introduced a new financing instrument for the massive infrastructure initiative but offered few advantages for the issuer. Hongshi Holding Group, a privately owned cement maker, printed the $300 million yuan ($47 million) three-year corporate bond on the Shanghai Stock Exchange on January 19. […]
Read moreNational security officials in the Trump administration are looking at options where the U.S. government could take over a part of the country’s mobile network as a way of guarding against China, news outlet Axios reported. Axios, citing sensitive documents it obtained, said there are two options up for consideration: First, the U.S. government could […]
Read moreSupport for India’s ruling political party has been fading outside urban areas — and that could mean good things coming for farmers. New Delhi is likely to focus attention on rural areas in its upcoming annual budget, set for release on February 1, in an attempt to shore up political support there. Large swaths of […]
Read moreAsian shares looked set to rise on Monday following significant gains stateside, which saw major U.S. indexes touch record highs in the last session. U.S. stocks were given a lift on Friday on the back of expectation-topping corporate results. As of Friday, 82 percent of companies that have announced fourth-quarter earnings have beaten expectations, according […]
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