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☆ Opinion: Why I’m not going to have children
▼ + stars: | 2023-11-11 | by ( Opinion Anna Lee | ) edition.cnn.com time to read: +10 min

But each day, the current state of the world dissuades me more and more from having children. Like many folks in Gen Z (those born between 1997 and 2012), my main concern is climate change. As environmental catastrophes reach a caliber we cannot predict or conceive, having children is becoming less of a risk I’m willing to take. Coupled with the resources and opportunities that the US provides, my hypothetical children likely wouldn’t be among the worst-affected by climate change. Under today’s environmental and political climate, I find it is better to regret not having children than regret having them.

Persons: Anna Lee, I’d, ”, William ”, I’ll, I’ve, Z’ers, Jessica Combes, “, trepidation, Miley Cyrus, Alexandria Ocasio, Cortez, Emma Lim, —, It’s, Z, Greta Thunberg, — Sophia Kianni, Vanessa Nakate —, Joe Biden’s, William Organizations: CNN, College of, University of Oxford Student, NBC, Research, ELLE Magazine, Rep, University of Bath Locations: Alexandria, Cortez of New York

In a survey of 6,000 workers in Southeast Asia, only 29% indicated they never experienced a career break. "That's because if I'm perusing the resume as an employer, my initial question would be, 'I wonder what this gap represents.'" Vicki Salemi Monster career expertBut that doesn't mean that companies see the gap as a red flag, Salemi said. "You can say, 'I took a career break for personal reasons that required my attention. "Literally everybody probably either has has had to do [a career break] at some point or know someone who has."

Persons: they've, Vicki Salemi, Nicole Price, Salemi, I'm, they're, Jenn Lim, it's, Lim, Price, Nick Gausling, you've Organizations: Insight, CNBC, Employers Locations: Southeast Asia

☆ The world's two largest memory chipmakers signal demand weakness may have bottomed out
▼ + stars: | 2023-11-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

The recent earnings calls of the world's two largest memory chipmakers signaled that weak demand may have finally bottomed out. This followed a 85.15% drop in first quarter operating profit from the previous quarter and a small 4.68% improvement in second-quarter operating profit from the first quarter. Such memory chips are found in consumer devices such as laptops and smartphones. During the pandemic, companies stockpiled memory chips to meet record electronics demand, but were left with excess inventory when that pressure eased. Inflation has caused consumers to rein in spending and cut back on purchases of consumer devices, driving down demand and prices for memory chips.

Persons: James Lim, Lim, Samsung Organizations: SK Hynix, Dalton Investments, CNBC, South, U.S, Micron

An example of a LinkedIn's "Career Break" feature, which fills in the gaps between jobs. To date, just over 1 million LinkedIn members have added the "career break" feature to their profiles, according to the company. People also took career breaks to travel (13%), to raise children (12%), and care for others (10%), the data showed. Longer breaksTavy Cussinel took a career break from public relations for seven years, while she had three kids. Tavy CussinelMonster career specialist Vicki Salemi said employers are now more flexible about career gaps than they were in the past.

Persons: Bobbie Bain, hadn't, Bain, Jennifer Shappley, Nick Gausling, Jenn Lim, that's, Pooja Chhabria, Thomas Baiter, I'd, who's, Baiter, Cussinel, I'm, Vicki Salemi, Nicole Price, Price Organizations: American Airlines, LinkedIn, CNBC, Talent, Insight, Microsoft, Company Locations: Southeast Asia, Asia, United Kingdom, Singapore

☆ Goldman says Bank of Japan's policy tweak is good news for banks — and names top picks in the sector
▼ + stars: | 2023-11-07 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

She noted that a flexible YCC "may be conducive to a more controlled yield rise since there's no more line in the sand to go against." Elsewhere, Kuroda wrote in notes to CNBC that Japanese banks "remain in focus as a beneficiary" of BOJ's interest rate normalization. A more flexible interest rate on BOJ operations may allow for a controlled rise in long-term yields, Kuroda said in notes to CNBC. "This might make it easier for banks to buy or reinvest JGB portfolio at higher yields." Japanese bank stock picks Goldman Sachs continues to name conviction list stock Mitsubishi UFJ Financial Group (MUFG) and Mizuho as its top picks from the Japanese banking sector.

Persons: Goldman Sachs, BOJ, Makoto Kuroda, CNBC's, Kuroda, Yuka Azami, MUFG, Goldman, CNBC's Naman Tandon, Lim Hui Jie Organizations: CNBC, Mitsubishi UFJ Financial, Mizuho, Tokyo Stock

☆ Artificial Lagoons Offer a Different Kind of Waterfront Living
▼ + stars: | 2023-11-03 | by ( Shivani Vora | More About Shivani Vora | ) www.nytimes.com time to read: +1 min

Waterfront residential real estate is typically built on or near oceans, lakefronts and rivers. Now, artificial lagoons are another body of water to add to the list. Shaped like large lakes with beaches, lagoons are generally shallow, compared with a lake or the ocean, and are somewhat similar to giant swimming pools. In the United Arab Emirates, Hawaii, Texas and Florida they are a factor for prospective home buyers who are seeking a waterfront property. “Some of these lagoons are located in inland destinations and have redefined what it means to own a waterfront property.” Lagoons offer aesthetic beauty and many recreational opportunities, Mr. Lim said, such as boating, swimming and paddle boarding.

Persons: Chris Lim, ”, Lim Organizations: United Arab, Christie’s, Estate Locations: United Arab Emirates, Hawaii , Texas, Florida

☆ Neopets is under new management and planning a comeback in a vastly different era of gaming
▼ + stars: | 2023-11-03 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +10 min

Since buying Neopets, Law said his team is in the process of restoring those minigames and modernizing them to enhance the experience. Competing in the current metaWhile Law is optimistic, he is aware that Neopets was born in a different era of video gaming. For Neopets, Law said the merch business would include both physical, like plushies and clothing, and digital, such as in-game purchases. In 2024, Law's team is planning to launch World of Neopets, a 3D simulator game that will utilize the existing Neopets world, but in a modern gaming environment. Does this mean that new Neopets games will replace the 24-year old Neopets.com?

Persons: Dominic Law, Neopets, Neopets …, Jakub Porzycki, NetDragon Websoft, Law, we've, John Legend, Kass Basher, Mickey Mouse Organizations: Neopets, Koelnmesse, CNBC, Gamescom, Law, Getty, Nurphoto, Adobe, Activision, Monopoly Locations: Asia, Singapore, asia, Canada, Hong Kong, Gamescom Asia, that's, Krakow, Poland, Neopets, U.S

Two officials from a Korean defence company confirmed the syndicated loan plan. Two officials at South Korean banks said there would be loans, but did not specify the type. That deal was worth $13.7 billion, South Korea's largest to date. The South Korean government didn't immediately provide a comment when asked for one. The South Korean government official did not elaborate on the size of the potential syndicated loan.

Persons: Kacper, didn't, 1,320.4500, Cynthia Kim, Seunggyu Lim, Jihoon Lee, Josh Smith, Gerry Doyle Organizations: REUTERS, Rights, Reuters, South Korean, South, Korea's, Hyundai Rotem Co, Hanwha Aerospace, Hyundai Rotem, U.S, Thomson Locations: South Korea, Wierzbiny, Orzysz, Poland, Rights SEOUL, South Korean, South, Seoul, Ukraine, Russia, Europe

☆ HSBC has a 'few hundred' potential use cases for generative AI: HK CEO
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHSBC has a 'few hundred' potential use cases for generative AI: HK CEOHSBC's Hong Kong CEO Luanne Lim says the bank is embracing artificial intelligence, but wants to make sure the balance between security and investor safety is "perfect" before using generative AI.

Persons: Luanne Lim Organizations: HSBC, HK, HSBC's Locations: Kong

☆ Japan's Mitsui to buy 12.7% stake in Axiata's digital and analytics unit
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Lim Huey Teng/File Photo Acquire Licensing RightsNov 2 (Reuters) - Japanese trading house Mitsui (8031.T) will take a 12.69% stake in Axiata Group's (AXIA.KL) digital and analytics unit, the Malaysian telecommunications conglomerate said on Thursday. Mitsui will invest $58 million in Axiata Digital & Analytics (ADA) through ADA's holding company, Axiata Digital Services. Mitsui's latest investment currently values the digital and analytics firm at $550 million. "Through this additional investment, Mitsui will provide ADA's marketing solutions and data analysis services to Mitsui's important partners and investees to help accelerate their marketing DX efforts," the Japanese firm said. Mitsui will also acquire an additional 16.7% stake in Axiata Digital Services, beefing it up to 20%.

Persons: Lim Huey Teng, Axiata, Rishav Chatterjee, Sonia Cheema Organizations: REUTERS, Mitsui, Axiata, Analytics, Axiata Digital Services, Thomson Locations: Kuala Lumpur, Malaysia, Malaysian, ADA's, Bengaluru

☆ HSBC Hong Kong still optimistic on its outlook despite Fed's stance on 'higher for longer' rates
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHSBC Hong Kong still optimistic on its outlook despite Fed's stance on 'higher for longer' ratesLuanne Lim, CEO of HSBC Hong Kong, discusses both headwinds and positive factors such as the "good growth rate" of some of its products and good retail sales in Hong Kong.

Persons: Luanne Lim Organizations: HSBC, HSBC Hong Kong Locations: HSBC Hong, Hong Kong

☆ Bank of Japan increases flexibility on yield curve control, keeps rates unchanged
▼ + stars: | 2023-10-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan's central bank is allowing more flexibility in its yield curve control policy, shifting the language used to describe the upper bound of the 10-year Japanese government bond yield. In its release, the Bank of Japan said the target level of the 10-year JGB yield will be held at 0%, but will take the upper bound of 1% "as a reference," it said in the latest release. In July, the BOJ effectively widened its yield target band on the 10-year JGB by 50 basis points to 1% on either side. However, the bank indicated it will commit to allowing yields to fluctuate in the range of around plus and minus 0.5 percentage points from its 0% target level that was instituted last December. Separately, the bank continued to hold its short term policy rate at -0.1%, even as core inflation in the country exceeded the stated 2% target for 18 consecutive months.

Organizations: Bank of Japan, CPI

☆ ‘We lost control of who we were.’ Why Phillip Lim’s return to fashion matters
▼ + stars: | 2023-10-30 | by ( Alex Rees | ) edition.cnn.com time to read: +16 min

(CNN) — The tears were flowing backstage at Phillip Lim’s latest runway show, as the fashion designer made has return to the New York Fashion Week last month after four years away. CNN: Did planning your return to New York Fashion Week take you back to when you launched 3.1 Phillip Lim in the first place? Models pose during the presentation of 3.1 Phillip Lim's Fall-Winter 2006 collection at New York Fashion Week on February 4, 2006. JP Yim/WireImage/Getty ImagesZhou: 3.1 Phillip Lim was founded on the idea of ‘why not?’Phillip and I were both 31-years-old. Does 3.1 Phillip Lim have that roadmap right now, or is the ‘second act’ still being written?

Persons: Phillip Lim’s, Lim, ”, Phillip Lim, Wen Zhou, Madison McGaw, Phillip Lim’s “, Zhou, it’s, ” Phillip Lim “, ” Lim, ‘, I’m, let’s, couldn’t, Phillip Lim's, JP Yim, ’ Phillip, Phillip, we’d, It’s, Ezra J, William, Tina Leung, Prabal Gurung, Laura Kim —, Slay, Eva Chen, Dimitrios Kambouris, Phillip Lim CNN, Liya Kebede, Liya, Phillip Lim Spring, Victor Virgile, ’, I’ll, You’ve, John Nacion, —, Sou Lai, That’s what’s Organizations: CNN, New York, titans, Zhou, Pacific Islanders, Getty, Sou Lai CNN Locations: New York, New, New York City

☆ HSBC's after-tax profit surges over 235% year-on-year, announces $3 billion share buyback
▼ + stars: | 2023-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

HSBC's profit after tax came in at $6.26 billion in the three months ended September, jumping 235% compared to the $2.66 billion in the same period last year. Europe largest bank by assets also saw profit before tax for the quarter rise by $4.5 billion to $7.7 billion, mainly due to a higher interest rate environment. However, the numbers missed expectations by economists, who were forecasting a third quarter profit after tax figure of $6.42 billion and profit before tax of $8.1 billion. HSBC also attributed this to the higher interest rate environment, saying that it has supported growth in net interest income in all of its global businesses. For the nine months ended September, profit after tax stood at $24.33 billion, compared to $11.59 billion in the first nine months of 2022.

Persons: —, NIM Organizations: HSBC Locations: Europe, France, 4Q23, Asia

☆ Evergrande shares fall 20% to all-time low as court adjourns winding-up hearing
▼ + stars: | 2023-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the court hearing to wind-up its business. Evergrande's shares plunged over 20% from last Friday's close of 23.6 Hong Kong cents to the all-time low early Monday, before recovering slightly to 22.2 Hong Kong cents. Reuters reported that Justice Linda Chan from Hong Kong's High Court pushed back the hearing from Oct. 30 to Dec. 4, which would be the last before a decision is made on the winding up order. Evergrande must come up with a revised restructuring proposal before that date, or the company will likely to be wound up, she said.

Persons: Yuan Tian Jing, Linda Chan Organizations: Evergrande, Hong, Reuters, Court Locations: Yangzhou, China, Hong Kong, Hong Kong's

☆ Asia markets set to be mixed ahead of Japan's central bank decision and South Korea inflation this week
▼ + stars: | 2023-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Buildings are illuminated at night in Tokyo, Japan, on Friday, July 21, 2023. Toru Hanai | Bloomberg | Getty ImagesAsia-Pacific markets are set to fall ahead of a week of key economic data from around the region. Monetary policy decisions from Japan and Malaysia, inflation data from South Korea, and gross domestic growth figures from Taiwan and Hong Kong are the regional highlights of the week. Japan's Nikkei 225 is also set to fall as the Bank of Japan starts its two-day monetary policy meeting, with the futures contract in Chicago at 30,665 and its counterpart in Osaka at 30,650 against the index's last close of 30,991.69 In Australia, the S&P/ASX 200 slipped 1.04%, ahead of September retail sales readings on Monday. Futures for Hong Kong's Hang Seng index stood at 17,175, pointing to a weaker open compared to the HSI's close of 17,398.73

Persons: Toru Hanai Organizations: Bloomberg, Getty, Nikkei, Bank of Japan Locations: Tokyo, Japan, Asia, Pacific, Malaysia, South Korea, Taiwan, Hong Kong, Chicago, Osaka, Australia

A man walks past a logo of HSBC at its headquarters in Kuala Lumpur, Malaysia August 6, 2019. The results from Europe's biggest bank showed the pressure it is under to deliver returns to long-suffering investors now that interest rates worldwide are rising. In the third-quarter results, the lender booked a $500 million impairment related to the commercial real estate sector in mainland China. HSBC's Asia-focused competitor Standard Chartered (STAN.L) reported last week an unexpected one-third plunge in third-quarter profit due to a nearly $1 billion combined hit from its exposure to China's real estate and banking sectors. Reporting by Selena Li in Hong Kong and Lawrence White in London; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Lim Huey Teng, Jefferies, Joe Dickerson, Selena Li, Lawrence White, Jamie Freed Organizations: HSBC, REUTERS, Barclays, Europe's, Global Banking, Markets, Standard Chartered, Thomson Locations: Kuala Lumpur, Malaysia, HONG KONG, London, Hong Kong, Asia, China

Japan 10-year government bond yields crept closer to a 11-year high on Monday as the Bank of Japan kicks off its two-day monetary policy meeting. Yields for the 10-year JGB climbed 2.29% on Monday to 0.893%, its highest level since it briefly reached 0.895% on Oct. 26. Before that, the last time the yield was at this level was in April 2012. In July, the BOJ effectively broadened the yields permissible on the 10-year JGB by 50 basis points to 1% either side. Read CNBC's preview of the Bank of Japan's policy meeting here.

Persons: — Lim Hui Jie Organizations: Bank of Japan, Bank of Locations: Japan

☆ Green Steel Is Coming. Europe Is Leading the Charge Thanks to New Carbon Taxes.
▼ + stars: | 2023-10-26 | by ( Yusuf Khan | ) www.wsj.com time to read: +7 min

The need for conversion to low-carbon steel production is greater in Europe, where 57% of steel is produced in coal-fired blast furnaces. Swedish-based startup H2 Green Steel has signed deals to supply low-carbon steel to IKEA, Mercedes-Benz , BMW and Scania. Customers of H2 Green Steel have been willing to support the project based on their own green targets and their end-customers’ willingness to pay a green premium, he said. H2 Green Steel said it would charge a €150 premium, while Swedish steelmaker SSAB expects to charge double that. Research from the Rocky Mountain Institute suggests the IRA will encourage green steel investments that would, by 2030, produce about eight million tons of low-carbon steel, or nearly 10% of U.S. steel demand.

Persons: fabian strauch, ”, Colin Richardson, incentivizing, CBAM, Nicola Davidson, Davidson, Henrik Henriksson, Mikael Sjoberg, ” Henriksson, Gunnar Güthenke, SSAB, Europe ”, Simone Tagliapietra, Paul Lim, ” Lim, Yusuf Khan Organizations: Leadership Group, Industry, Argus Media, Rocky Mountain Institute, U.S ., Business, International Energy Agency, Investments, Steel, IKEA, Mercedes, Benz, BMW, Scania, H2, Bloomberg, Research, Europe, Bruegel, U.S Locations: Europe, U.S, Brussels, London, European, Lakes , Texas, Pacific, China, Asia

☆ South Korea market: Exports will be the 'biggest driver' to watch, analyst says
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Korea market: Exports will be the 'biggest driver' to watch, analyst saysJames Lim, senior research analyst at Dalton Investments, says the combination of high household debt and high interest rates is "not a good situation to have."

Persons: James Lim Organizations: Dalton Investments Locations: Korea

☆ Kokusai Electric shares pop 32% on Tokyo debut
▼ + stars: | 2023-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

In this photo illustration, Kokusai Electric logo is seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty ImagesShares of Japanese semiconductor equipment maker Kokusai Electric saw a strong debut on the Tokyo Stock Exchange on Wednesday. Kokusai Electric is a spin-off from Hitachi Kokusai Electric, a subsidiary of Japanese multinational electronics company Hitachi. He said Kokusai Electric may not be as competitive as its rivals Tokyo Electron or Lasertec , which dominate niche markets in the semiconductor production process. He said applications such as artificial intelligence use logic chips instead of memory chips, which are used in smartphones.

Persons: Pavlo Gonchar, Mio Kato, CNBC's, Mio Kato Lightstream, Kato Organizations: Getty, Kokusai, Tokyo Stock Exchange, Japan Times, Hitachi Kokusai, Hitachi, KKR, Lightstream Research, Tokyo

☆ Asia markets mixed ahead of Australia's inflation figures
▼ + stars: | 2023-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty ImagesAsia-Pacific markets are mixed as investors prepare for Australia's third-quarter inflation figures, which will give clues to the Reserve Bank of Australia's monetary policy decision when it meets on Nov. 3. Economists polled by Reuters expect the headline inflation rate to come in at 5.3%, lower than the 6% seen in the second quarter. In Australia, the S&P/ASX 200 extended gains from Tuesday, climbing 0.32% in the morning session. Futures for Hong Kong's Hang Seng index stood at 17,480, pointing to a rebound after the HSI ended at its lowest level since Nov. 10.

Persons: David Gray, Kospi, HSI Organizations: Sydney Opera House, Getty, Reserve Bank, Reuters, Nikkei Locations: Asia, Pacific, Australia

☆ Asia markets set for slight recovery after recent sell-off, but Hong Kong poised to fall
▼ + stars: | 2023-10-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Some markets also are poised to poised to recover slightly after Asia saw a broad sell-off in the last three sessions. In Australia, the S&P/ASX 200 gained 0.36% in early trading, recovering from three straight days of losses. Japan's Nikkei 225 is also set to recover ahead of its October purchasing managers index reading from S&P Global. The futures contract in Chicago was at 31,130 and its counterpart in Osaka at 31,060 against the index's last close of 30,999.55. However, Hong Kong's Hang Seng index comes back from a holiday with a weak open, with futures for the HSI at 17,044, compared to the index's close of 17,172.13.

Persons: Natthapol, Hong Organizations: Nikkei, P Global Locations: Seoul, Asia, Pacific, Japan, Australia, South Korea, Chicago, Osaka

☆ Asia markets set to fall ahead of regional inflation readings and South Korea growth figures
▼ + stars: | 2023-10-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Cleveland Federal Reserve President Loretta Mester said Friday she expects that interest rates likely won't be raised much more from here, if at all. "Regardless of the decision made at our next meeting, if the economy evolves as anticipated, in my view, we are likely near or at a holding point on the funds rate as we accumulate more information on economic and financial developments and assess the effects of the tightening in financial conditions that has already occurred," Mester said in remarks delivered for a speech in New York. The central bank official added that she agrees with Federal Open Market Committee estimate in September that another rate hike could come before the end of 2023, but noted that handicapping such moves is difficult now. Mester is not a voting member of the FOMC this year but will vote in 2024.

Persons: Loretta Mester, Mester, — Jeff Cox Organizations: Cleveland Federal, Open Locations: New York

☆ Asia markets set to extend losses after Powell's comments; Japan inflation slows
▼ + stars: | 2023-10-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were all lower Friday, extending losses from Thursday's broad sell-off. This comes as U.S. Federal Reserve Chair Jerome Powell said inflation was still too high and would likely require lower economic growth. While he noted that recent data showed progress toward slowing prices, Powell also added that monetary policy was not yet too tight. Asia investors will also assess Japan's September inflation data, which came in at 3%, the 18th straight month above the BOJ's 2% target, as well as China's one-year and five-year loan prime rates.

Persons: Jerome Powell, Powell Organizations: Federal Locations: Asia, Pacific

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