DIRS.INFO The most relevant business & tech news

☆ Mexico's one big advantage over the US right now could stall the 'Made in America' push
▼ + stars: | 2024-01-20 | by ( Jacob Zinkula | Matt Turner | ) www.businessinsider.com time to read: +7 min

Read previewThe push by US businesses to make more stuff in America has an ongoing challenge: It's hard to find workers. Ulbrich says this stands in sharp contrast to Mexico, whose growing manufacturing base could entice companies to make supply chain investments there, rather than in the US. Even as the pandemic-era labor shortage has eased, the demand for construction and factory workers has continued to exceed supply. Mexico's median age is roughly 30, he added — compared to nearly 40 in China — which has contributed to a strong labor supply. Compared to Mexico, manufacturing in the US would likely offer businesses reduced supply chain disruptions and lower transportation costs.

Persons: —, Christian Ulbrich, Ulbrich, Matt Turner, Biden, Houthi, Tesla, Susan Golicic, Andres Abadia, Abadia, Luis Torres, Colorado State's Golicic, Golicic Organizations: Service, Business, Economic, General Motors, Intel, Companies, Ford, Reuters, Colorado State University, US, Pantheon Macroeconomics, Federal Reserve Bank of Dallas Locations: America, Mexico, Ukraine, Taiwan, Canada, China, Asia, shoring, San Antonio, Tennessee, Alabama, Colorado

☆ I moved to the middle of Canada, where the affordable healthcare is great, but the closest city is 2 hours away and I can't find anything cheap on Amazon
▼ + stars: | 2024-01-19 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +7 min

Leslie Redmond, 37, moved to Winnipeg, Canada, from Alaska in 2022. There's a really big Ukrainian population and a really big Polish population. So there are a lot of flavors and foods that are really ubiquitous up here that I wouldn't have had in the States. That was the case across Canada — and across the US — but I think that's kind of slowed down a little bit now. I would say Winnipeg is pretty equivalent to Alaska, but Alaska is higher than what you would find in the lower 48.

Persons: Leslie Redmond, —, It's, I've, Redmond, I'd, Justin Reitsma, they're, it's Organizations: Service, of Agricultural, Food Sciences, University of Manitoba Locations: Winnipeg, Canada, Alaska, There's, States, North Dakota, Vancouver, Quebec, Yukon, we're, Grand Forks, Target, there's, Manitoba, Redmond, oceanside

☆ Japan Sees Record 2.73 Million Visitors in December in COVID Recovery Year
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Rocky SwiftTOKYO (Reuters) - Japan welcomed a record number of visitors in December, official data showed on Wednesday, closing out a year of rapid recovery from the COVID-19 pandemic. The number of foreign visitors for business and leisure rose to 2.73 million last month from 2.44 million in November, data from the Japan National Tourism Organization (JNTO) showed. For the full-year 2023, a little more than 25 million visitors arrived in Japan, the agency said. Arrivals exceeded 2 million every month since June last year, boosted by a weakening in the yen that makes Japan cheaper compared to other destinations. That is helping to compensate for a slow recovery in visitors from mainland China, who made up nearly a third of all visitors and 40% of all tourist spending in Japan in 2019.

Persons: Rocky Swift TOKYO, Teppei Kawanishi, Kawanishi, Wanping Aw, Rocky Swift, Rashmi Aich, Tomasz Janowski Organizations: Japan National Tourism Organization, Tourism, mov Locations: Japan, Taiwan, Hong Kong, Asia, Singapore, Australia, China

☆ Russia's Kinzhals are frustrating Chinese analysts who want to find out how Beijing's hypersonic missiles might stack up against US battlefield defenses
▼ + stars: | 2024-01-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

China hopes its own hypersonic missile, the Dongfeng, will be game-changing in its capacity to take down US aircraft carriers. A Ukrainian sapper recovers the warhead of a Kinzhal missile. AdvertisementThe Kinzhal's maneuverability, they wrote, "cannot be compared with that of a real hypersonic missile." "Although Russia calls the 'Dagger' a hypersonic missile, analysts from other countries generally believe that the so-called hypersonic 'Dagger' missile is actually an air-launched version of the 'Iskander' short-range tactical ballistic missile," it said. "The 'Dagger' missile has more than enough ambition but not enough power," the July analysis said.

Persons: —, Ukrainian sapper, Yin Jie, Yin, it's, VASILY MAXIMOV, Lyle Goldstein, Rand, Nathan Waechter, Goldstein, GREG BAKER, What's, it's gleaning, I've Organizations: Service, US, Kremlin, Emergency Service, Ordnance Industry Science, Technology, People's Liberation Army, International Military, Forum, Patriot, Getty, Institute for, Defense, Diplomat, Military Locations: China, Ukraine, Beijing, Moscow, Ukrainian, Shaanxi, Russia, Russian, Patriot, Syria, AFP, Washington, Asia

☆ Global shipping recession could end as freight rates soar on Red Sea troubles
▼ + stars: | 2024-01-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Stringer | Bloomberg | Getty ImagesVessels transiting the Red Sea have faced attacks over the past several weeks from Yemen-based Houthis, prompting shipping companies to change routes, leading to a spike in freight rates. Alan Baer CEO of OL USAVessel-Operating Common Carriers (VOCC) are ocean carriers that own and operate vessels responsible for managing cargo and transporting them. Luis Boza/ | Nurphoto | Getty ImagesWhile the recent spikes in freight rates might not help shippers relive their glory days following the pandemic, they would substantially boost profitability. Brashier noted that both contracted rates for ocean carriers and spot market rates may rise further. Overall, container freight will still [find it] difficult to manage oversupply issue.

Persons: Stringer, Houthi, Alan Baer, Baer, Luis Boza, Nico Luman, Jefferies, Brashier, Daejin Lee Organizations: Bloomberg, Getty, Houthi, U.S, U.S . Central Command, USA, CNBC, Evergreen, Shipping, Logistics, Head, Research, Fertistream Locations: Suez, Egypt, Yemen, South Africa, Gibraltar, Maersk, Lisbon, Portugal, Asia

☆ It’s January at a Big Himalayan Resort. Where’s the Snow?
▼ + stars: | 2024-01-16 | by ( Showkat Nanda | Sameer Yasir | ) www.nytimes.com time to read: 1 min

Every morning, Ishfaaq Ahmad Malik, a ski instructor in Indian-controlled Kashmir, opens his bedroom window and, like many others in the region, wonders: Where is the snow? “This has never happened before in January. Not in my lifetime,” said Mr. Malik, 65. “Definitely not in Gulmarg.”Each winter, Gulmarg, one of Asia’s largest and highest ski resort towns, attracts thousands of skiers, many from as far away as Europe and the Americas, drawn by perfect powder, cheap hotels and breathtaking views of the Himalayas. At 8,500 feet, this scrappy ski town’s miles of slopes are usually blanketed by snow from December to March and packed with snowboarders and skiers.

Persons: Ishfaaq Ahmad Malik, ”, Malik, “ Locations: Kashmir, Gulmarg, Europe, Americas

☆ Stocks in Japan, India Notch Historic Highs; U.S. Markets to Reopen Tuesday
▼ + stars: | 2024-01-15 | by ( Joe Wallace | ) www.wsj.com time to read: 1 min

Japan’s Nikkei 225 rose for a sixth consecutive day. Photo: franck robichon/ShutterstockStock benchmarks in two of Asia’s largest economies climbed to historic highs, while U.S. equity and bond markets were shut for Martin Luther King Day. Bank earnings and economic data later this week could give clues about the Federal Reserve’s next steps. The stock and bond markets will reopen Tuesday. U.S. stock futures wavered Monday.

Persons: franck robichon, Martin Luther King Organizations: Nikkei, Martin Luther King Day, Bank, Federal

☆ Brunei comes to a standstill for royal wedding of Prince Abdul Mateen
▼ + stars: | 2024-01-15 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

CNN —Life in the tiny oil-rich kingdom of Brunei came to a standstill Sunday for a grand royal wedding attended by heads of state and royals from Bhutan and Middle Eastern countries, the highlight of 10 days of celebrations. The lavish ceremony saw Prince Abdul Mateen, the tenth child and fourth son of Brunei’s Sultan Hassanal Bolkiah, wed his long-time partner, Yang Mulia Anisha Rosnah, the granddaughter of a royal adviser. Mohd Rasfan/AFP/Getty ImagesThe 32-year-old prince, a British-trained and educated military officer in the Brunei Royal Armed Forces who’s sixth in line to his father’s throne, has become the modern face of Brunei’s royal family. Iqbal Selamat/AFP/Getty ImagesThe royal wedding at Brunei's Istana Nural Palace. To Their Majesties Sultan Hassanal Bolkiah and Queen Raja Isteri, our warmest congratulations on this happy occasion.”Prince Mateen kneels before his father, Sultan Hassanal Bolkiah, after the solemnization ceremony.

Persons: Prince Abdul Mateen, Brunei’s, Brunei’s Sultan Hassanal Bolkiah, Yang Mulia, Rosnah, Nurul Iman, Bandar Seri Begawan, Mateen, Mohd Rasfan, Michael Jackson, Britain’s, Prince Charles, Teh Firdaus, –, Iqbal Selamat, Lee Hsien Loong, Hassanal Bolkiah, Raja Isteri, ” Prince Mateen, Sultan Hassanal Bolkiah, Mateen’s, Hassanal Organizations: CNN, Nurul, Royce, Getty, Brunei Royal Armed Forces who’s, Abaca Press, United Arab, Singapore Prime, AP, of Defense Locations: Brunei, Bhutan, Middle, Brunei’s Sultan, Bandar Seri, Bandar Seri Begawan, AFP, British, Malaysian, Nural, Saudi Arabia, Jordan, United Arab Emirates, Malaysia, Indonesia, Philippines, Borneo, Britain

☆ There are still 'spots' in China that investors can look at, HSBC says
▼ + stars: | 2024-01-15 | 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 EmailThere are still 'spots' in China that investors can look at, HSBC saysHerald van der Linde, head of Asia-Pacific equity strategy at the bank, says "in China, the problem is that … we don't have one cycle that seems to work very well."

Persons: van der Linde Organizations: HSBC Locations: China, Asia, Pacific

☆ After racist threats forced a Southeast Asian restaurant to close down, the owner reopened a new restaurant as an homage to his immigrant parents
▼ + stars: | 2024-01-13 | by ( Yoonji Han | ) www.businessinsider.com time to read: +6 min

A Southeast Asian restaurant closed down last year after facing false accusations of serving dog meat. Anna Le Nguyen and Minh Rasavong Oriyavong help out in the kitchen of Love & Thai. Rallying togetherIn November, Rasavong reopened his restaurant under a new name: Love & Thai. The mural by Hana Luna Her at Love & Thai pays homage to Rasavong's family's journey to America. Customers have flocked to Love & Thai and shown their support, and Rasavong wants to share that support with others in the community.

Persons: —, David Rasavong, Rasavong, Anna Le Nguyen, Minh Rasavong, Richard Vogel, Louis, Yelp, David Rasavong Rasavong, Hana Luna, Rasavong's Organizations: Service, Google, Facebook, Business, Thai, &, US, Philippine -, People, Local, Love &, Customers Locations: Fresno, Laos, Thailand, United States, St, Philippines, Oregon, America

☆ Larry Fink just kicked off the last chapter of his BlackRock reign
▼ + stars: | 2024-01-12 | by ( Michelle Abrego | Rebecca Ungarino | ) www.businessinsider.com time to read: +6 min

This all comes as Larry Fink, 71, is entering what is likely the last chapter of a successful career as cofounder and chief executive of $10 trillion BlackRock. Here's everything you need to know:BlackRock is set to buy Global Infrastructure Partners in its biggest deal in 15 yearsThroughout 2023, Fink signaled that a "transformational deal" was on the cards. He found his target in private equity firm and infrastructure investor Global Infrastructure Partners, the firm announced on Friday. Jessica Tan, head of BlackRocks' sustainability and transitions strategy, will head the global product solutions team in the Americas. Charles Hatami, global head of the financial and strategic investor group that focuses on relationships with large investors like insurers and sovereign wealth funds, will join BlackRock's global executive committee.

Persons: Larry Fink, Fink, Rob Kapito, BlackRock iShares, GIP, Kapito, Goldman Sachs, Goldman, David Solomon's, Ogunlesi, Wells, Mike Mayo, Larry, Stephen Cohen, Salim Ramji, Jessica Tan, Jane Sloan, GIP's, Edwin Conway, Conway, Rachel Lord, Lord, Charles Hatami Organizations: Business, BlackRock, Global Infrastructure Partners, GIP, London Gatwick, Wall Street, Asia Pacific, Securities, Exchange Commission Locations: Sydney, Bayo, Ogunlesi, BlackRock, Americas, Europe, East, India, Asia, Pacific

☆ Giant ape’s extinction solved by new fossil analysis
▼ + stars: | 2024-01-10 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

Many of the caves containing Gigantopithecus fossils have been found in Guangxi's distinctive karst landscape. “The early caves at 2 million years old have hundreds of teeth, but the younger caves around the extinction period — there are only 3-4 … teeth,” Westaway said. Isotope analysis of elements such as carbon and oxygen contained in the Gigantopithecus teeth helped the researchers understand how the animal’s diet may have changed over time. Kira Westaway/Macquarie UniversityQuestions remainNo Gigantopithecus fossils from the neck down have ever been found and documented. A November 2019 analysis of proteins found in a Gigantopithecus fossil suggested its closest living relative is the Bornean orangutan.

Persons: King Kong ” —, G.H.R, von Koenigswald, Gigantopithecus, “, ”, Renaud Joannes, Boyau, Yingqi Zhang, Kira Westaway, We’ve, Westaway, Zhang, ” Westaway, Feng Cave, It’s, Wang Wei, Wang Organizations: CNN, colossus, Southern Cross University, Macquarie University, Shandong University’s Institute of Cultural Heritage Locations: Hong Kong, China, Australia, Guangxi, Vietnam, Asia, Shandong, Qingdao, Indonesia, what’s, Bose

☆ How the Red Sea crisis could clobber the global economy
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +9 min

The Suez Canal accounts for 10-15% of world trade, which includes oil exports, and for 30% of global container shipping volumes. Maersk CEO Vincent Clerc told the Financial Times Thursday that re-establishing safe passage through the Red Sea could take “months.” “It could potentially have quite significant consequences on global (economic) growth,” he added. Ikea has warned of shipment delays and potential shortages of certain products due to disruption in the Red Sea. Some ocean carriers that ordinarily transit through the Panama Canal had rerouted to the Suez Canal before the attacks in the Red Sea escalated, according to logistics company C.H. Matthew Burgess, vice-president of global ocean services at the firm, said global shipping capacity would be constrained for a while yet.

Persons: Joe Biden, Vincent Clerc, Germany’s, Mohamed, El Erian, ” Simon MacAdam, Lily Millard, Ben May, Good Hope, ”, ” It’s, Abercrombie &, Nathan Howard, “, ” Philip Damas, —, Judah Levine, Levine, Eric Thayer, Carolina Klint, Marsh McLennan, Robinson, Matthew Burgess, we’ve, Gene Seroka, Burgess, C.H Organizations: London CNN, British, Energy, World Bank, Maersk, MSC, Lloyd, CMA CGM, Financial Times, Global, Germany’s Kiel Institute, Allianz, Bank, Capital Economics, Oxford Economics, European Automobile Manufacturers ’ Association, Ikea, CNN, Abercrombie, Abercrombie & Fitch, Bloomberg, Getty, Drewry Supply Chain Advisors, Marsh, United, Port Locations: Iran, Crocs, Suez, Yemen, Gaza, Germany, Brent, Gulf, Oman, South Africa, Germany’s Kiel, Red, Israel, Good, Europe, ”, China, Asia, Los Angeles, United States, Panama, Rotterdam, of Los Angeles, of New York, New Jersey

☆ Bad news, Beijing: Real-estate booms like the one in China nearly always end with a major banking crisis
▼ + stars: | 2024-01-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

China's trying to manage its property crisis so the sector's troubles don't spill over. However, history shows that credit-fueled real-estate booms nearly always end with a major banking crisis, said an analyst. Real estate was a key driver of China's economy that has been struggling to recover post-pandemic. AdvertisementChina's trying to manage its real-estate crisis so that its troubles don't spill over to the rest of the economy, which has been struggling to recover post-pandemic. "History shows that credit-fuelled real-estate booms do not end in a whimper; rather, they end with a bang — and nearly always with a major banking crisis," wrote Andrew Lawrence, the head of Asia property at GlobalData.TS Lombard, in a note on Tuesday.

Persons: —, Andrew Lawrence Organizations: Service Locations: Asia, GlobalData.TS

☆ A war over Taiwan would be even more damaging to the US economy than COVID was, Bloomberg forecasts
▼ + stars: | 2024-01-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

A war over Taiwan could wipe out 6.7% from the US economy in its first year, according to a Bloomberg Economics analysis. AdvertisementThe US economy could take a major hit if war breaks out over Taiwan, according to a Bloomberg Economics analysis published on Tuesday. US GDP could take a 6.7% hit in the first year of conflict if Washington gets drawn into the war, Bloomberg forecasts. AdvertisementOverall, a war over Taiwan could hit the world's economy to the tune of $10 trillion — or about 10% of global GDP — Bloomberg forecasts. Bloomberg Economics' analysis is based on geopolitical considerations and economic modeling.

Persons: —, Xi Jinping, William Lai Ching, Lai, Vishnu Varathan Organizations: Bloomberg, Service, Democratic Progressive Party, Mizuho Bank Locations: Taiwan, China, Washington, South Korea, Japan, Beijing, Asia

☆ Asia's young and wealthy are fueling demand for art — what are they collecting?
▼ + stars: | 2024-01-08 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +2 min

Auctioneer Victoire Gineste gestures as she adjudicates for 20 million euros ($21.9 million) a recently rediscovered drawing by Michelangelo, the artist's first known nude, at the Christie's auction house in Paris on May 18, 2022. Wealthy, young collectors in Asia have been fueling demand for art — particularly via online channels — and have emerged as a key clientele for international auction houses. A report from the auction house showed a 65% increase in new Gen Z buyers in 2023. Sotheby's 2023 report stated that bidding activity of younger collectors grew to 30% in the first half of 2023 from 6% in 2018. Millennials and Gen X — aged 44 to 59 — are classified as "younger collectors" by the auction house.

Persons: Victoire, Michelangelo, Gen Zers, Christie's, Phillips, millennials, Millennials, X — Organizations: Art Basel, UBS Survey, CNBC Locations: Paris, Asia, Mainland China, Hong Kong, Singapore, Christie's Hong Kong, China, Taiwan, Asia Pacific, Americas, Europe, millennials, South Korea

☆ Want to work in climate? Look to Georgia and the Carolinas
▼ + stars: | 2024-01-04 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

That figure reflects planned projects in Georgia, South Carolina, North Carolina, Tennessee, and Kentucky. Brian Kemp of Georgia, Roy Cooper of North Carolina, and Henry McMaster of South Carolina. Albemarle, which mines lithium, a key component of EV batteries, plans to build processing plants in South Carolina and open new mining operations in North Carolina. In Georgia, companies have announced at least 26 projects that they estimate could create 14,881 manufacturing jobs. Companies in South Carolina project nearly 11,500 jobs, while more than 8,200 jobs are estimated in North Carolina.

Persons: Bob Keefe, Keefe, who's, Brian Kemp of, Roy Cooper of, Henry McMaster of, Kemp, There's Organizations: Companies, Service, Henry McMaster of South, BMW, Hyundai, South, SK, EV, Mining Locations: Georgia, South Carolina, Business, Carolinas, Georgia , South Carolina, North Carolina , Tennessee, Kentucky, China, Asia, Dalton , Georgia, Atlanta, Savannah, Brian Kemp of Georgia, Roy Cooper of North Carolina, Henry McMaster of South Carolina, Spartanburg, Rivian, Georgia . Albemarle, North Carolina

☆ Copper could skyrocket over 75% to record highs by 2025 — brace for deficits, analysts say
▼ + stars: | 2024-01-03 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Copper prices are set to soar more than 75% over the next two years amid mining supply disruptions and higher demand for the metal, fueled by the push for renewable energy. In a December report, the investment bank forecast that the higher renewable energy targets would boost copper demand by extra 4.2 million tons by 2030. This would potentially push copper prices to $15,000 a ton in 2025, the report added, way higher than the record peak of $10,730 per ton scaled in March last year. "This assumes a very soft landing in the U.S. and Europe, an earlier global growth recovery, significant China easing," Citi analysts said, while also emphasizing on continued investments in the energy transition sector. A growing economy tends to boost demand for copper, which is used in electrical equipment and industrial machinery.

Persons: Matty Zhao Organizations: U.S, BMI, Fitch Solutions, U.S . Federal Reserve, Bank of America Securities, CNBC, Citibank, Citi Locations: Huai'an, Jiangsu Province, China, Asia, Pacific, U.S, Europe

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

"There cannot be any pressure on India to cut down emissions," India's power and renewable energy minister R.K. Singh said on Nov. 30. ASIAN EMISSIONS RISETo be sure, fast-growing Asia, home to half the world's population, accounts for three-fifths of global emissions from power generation, including from sectors exporting goods and services to the west. Despite challenges, Asia, along with Europe and North America, have cut the share of coal in power use, although at a slower pace. Cuts in nuclear power have slowed Europe and North America's fight to reduce emissions, although nuclear's share of their power mix remains well above Asia's. The share of gas in power generation has risen in the West, with the fuel accounting for a shrinking share in Asia.

Persons: Tingshu Wang, R.K, Singh, Hogeveen Rutter, Rutter, ISA's Rutter, Sudarshan Varadhan, Tony Munroe, Sonali Paul Organizations: Huawei, REUTERS, U.S, European Union, North America, International Solar Alliance, Reuters, WEST, North, Institute for Energy Economics, Thomson Locations: Shaanxi, China, Asia, SINGAPORE, America, Europe, India, North America, Paris, North, North America Asia, West Asia, West, Indonesia

SINGAPORE, Dec 5 (Reuters) - Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and waited on U.S. jobs data. The Australian dollar fell 0.5% after the central bank left interest rates on hold, as expected, and emphasised that the future direction rates would depend on data. Japan's Nikkei (.N225) was dragged 1% lower to a three-week trough, mostly thanks to falling chipmaking stocks. Treasuries had come under a little pressure overnight as traders calibrated pretty aggressive pricing for U.S. interest rate cuts. The Reserve Bank of Australia left interest rates on hold and said, as it had a month ago, that future rate settings would depend on data.

Persons: Treasuries, Kim Coghill Organizations: Japan's Nikkei, ANZ, New, Reserve Bank of Australia, Brent, U.S . Department of Agriculture, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, Hong Kong, New Zealand, Tokyo, China

The poll found that 55% of Black respondents said they feel like they must be very careful about their appearance to be treated fairly at medical visits. That’s similar to the rate for Hispanic and Alaska Native patients – and nearly double the rate for white patients. Nearly 30% of Black respondents prepare to be insulted, also about double the rate for white patients. Asians and Hispanics were three times more likely to say they’ve been treated badly in a health care setting because of their race than white respondents and Black respondents were 6 times more likely. “The consequences in health care are really striking and very frightening, honestly, to understand what people need to do to be taken seriously, to be seen as a whole person,” she said.

Persons: KFF, Christine Wright, Wright, she’s, “, you’re, ”, Drew Altman, Allison Bryant, Bryant, ” Bryant, Luna Roldán, te, they’ve, Mary Conlon, Robert Wood Johnson Organizations: Associated Press, Massachusetts General Hospital, Latina, Indians, Alaska Natives, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: Alaska, U.S, Massachusetts, Lake Worth , Florida

☆ Credit demand in India's banking system remains healthy, Goldman Sachs says
▼ + stars: | 2023-12-05 | 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 EmailCredit demand in India's banking system remains healthy, Goldman Sachs saysRahul Jain, co-head of Asia financial research at Goldman Sachs, says its strategy team is overweight on Indian banks.

Persons: Goldman Sachs, Rahul Jain Locations: Asia

A worker is reflected in a wall of the Reserve Bank of Australia (RBA) head office in central Sydney, Australia, March 1, 2016. REUTERS/David Gray/File Photo Acquire Licensing RightsDec 5 (Reuters) - A look at the day ahead in Asian markets. The relative U.S. interest rate outlook right now fits the weaker dollar narrative - futures markets have the Fed cutting rates next year more than any major or emerging market central bank. And even if the Fed does go that far, other central banks are sure to lower their policy rates more than markets are currently predicting. Here are key developments that could provide more direction to markets on Tuesday:- Australia interest rate decision- Japan - Tokyo inflation (November)- South Korea inflation (November)By Jamie McGeever Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, Michele Bowman's, Philip Lowe, Jamie McGeever, Josie Kao Organizations: Reserve Bank of Australia, REUTERS, Reserve Bank of, Reuters, Bank of Japan, U.S, Thomson Locations: Sydney, Australia, Japan, South Korea, Asia, masse, Tokyo

☆ TikTok sleuths have been obsessing over the case of Nancy Ng, a woman who vanished during a yoga retreat — and it's revealed an ugly truth
▼ + stars: | 2023-12-04 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

In his first video, he addressed some "really shady" circumstances around Ng's case, including some comments by Chris Sharpe, the leader of the search-and-rescue team hired by Ng's family. Advertisement"Our desensitization to true crime, due to our constant consumption of media, means it's almost a challenge or a game to solve these puzzles," she said. The dark realityThough armchair sleuths can have their benefits, a lot of information shared about true crime can be misinformed, insensitive, or exaggerated. For example, in October, a man named Lawrence Crook begged TikTokers to stop making true crime content about his mom's murder. "What is interesting about the case of Nancy Ng is that this is a woman of Asian descent," she said.

Persons: Nancy Ng, isn't, TikTok, —, Ng, TikTokers, Ed Choi, Chris Sharpe, Ng's, Sharpe, Choi, Christina Blazek, influencer Gabby Petito, Kendal Stoneystreet, Stoneystreet, Madeline McCann, Jack, David Wilson, Lawrence Crook, Odessa Carey, Crook's, Crook, Nancy Ng's, Gabby Petito's, Lauren Smith, Kourtney Nichole, GabbyPetito, TikToker, Arigato Grande Organizations: Service, Authorities, Independent, ABC7, Sheffield Hallam University, Guatemalan Locations: Lake Atitlán, Guatemala, Southern California

Search resuls for: "of Asia"

25 mentions found