Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "of Asia"


25 mentions found


However, despite the measures, which have mainly focused on monetary policy, the World Bank's 2025 growth projection was unchanged from earlier projections. The international lender estimated that China's growth rate would drop to 4.3% next year, down from a projected 4.8% in 2024, in an economic update on Tuesday. China's economic growth rate is expected to decline further in 2025 despite a temporary boost from recent stimulus measures, according to the World Bank. The World Bank has long advocated for China to boost its growth through bold policy actions such as unleashing competition, upgrading infrastructure, and reforming education. "For three decades, China's growth has spilled over beneficially to its neighbors, but the size of that impetus is now diminishing," the World Bank said in its Tuesday report.
Persons: Aaditya, Mattoo, James Sullivan, Hui Shan, Goldman Sachs, CNBC's, Goldman Organizations: World Bank, Bank, JPMorgan, National, Reform, East Locations: Aaditya Mattoo, East Asia, Pacific, Beijing, Asia, China, beneficially
The dollar clung to seven-week highs against major currencies on Tuesday as investors ponder the outlook for U.S. rates after a strong jobs report last week dashed bets for large rate cuts, while escalating tensions in Middle East dented risk sentiment. Traders have drastically shifted their monetary easing expectations from the Federal Reserve this year. That has kept the dollar on the front foot and surging to a multi-week high against the euro, sterling and the yen. The New Zealand dollar was 0.3% higher at $0.6144 ahead of the monetary policy decision on Wednesday. A majority of economists in a Reuters poll last week said the Reserve Bank of New Zealand will cut interest rate by 50 basis points.
Persons: Kieran Williams, Louis, Alberto Musalem, Shigeru Ishiba Organizations: Federal Reserve, Asia FX, InTouch, Reserve Bank of St, Treasury, Bank of, New Zealand, Reserve Bank of New Locations: Middle East, Asia, China, Bank of Japan, Reserve Bank of New Zealand
Hong Kong CNN —Glance up while strolling through parts of downtown Hong Kong and, chances are, you’ll notice the glassy black lens of a surveillance camera trained on the city’s crowded streets. Hong Kong police had previously set a target of installing 2,000 new surveillance cameras this year, and potentially more than that each subsequent year. Facial recognition gates at the departure hall of Hong Kong International Airport. Tang and the Hong Kong police have repeatedly pointed to other jurisdictions, including Western democracies, that also make wide use of surveillance cameras for law enforcement. Protesters on the streets covered their faces with masks and goggles to prevent identification, at times smashing or covering security cameras.
Persons: Chris Tang, Budrul Chukrut, Tang, haven’t, Kong’s, , Samantha Hoffman, Hoffman, Joshua Wong –, , , Miguel Candela, Qilai Shen, ” Hoffman, Sing, Sing Tao, Steve Tsang, it’s, doesn’t, Normann Witzleb, Chan Long Hei, Witzleb, they’re, ” Witzleb Organizations: Hong Kong CNN —, Hong Kong, Hong Kong International Airport, Budrul, CNN, Hong Kong Police Force, National Bureau of Asian Research, New, London, Protesters, New Town, QR, New York Times, Bloomberg, Getty, SOAS China Institute, University of London, Chinese University of Hong Locations: Hong Kong, China, Hong, Singapore, United Kingdom, Tao, United States, Hong Kong Hong Kong, New York City, Beijing, Xinjiang, Bund, Shanghai, Sing Tao, Chinese University of Hong Kong, Victoria Harbour
Spruce Pine, North Carolina has no running water or electricity, more than a week after Helene ripped through the town of 2,200. Mines in Spruce Pine produce the world’s purest form of quartz, which plays a central role in chip manufacturing. Now, the town’s exceedingly valuable supply of high-purity quartz is at risk, threatening to cripple the $600 billion global semiconductor industry. “The Spruce Pine community has been hit particularly hard,” Sibelco said in a statement on Sept. 30. For the semiconductor industry, the challenges that any long-term disruption to the Spruce Pine mines would present cannot be overstated, experts say.
Persons: Hurricane Helene, Helene, ” Sibelco, , , Lita Shon, Roy, Spencer Bost, “ it’s, Shon, ” Shon, Dustin Mulvaney, ” Mulvaney Organizations: Mines, Quartz Corp, National Weather Service, Downtown, San Jose State University Locations: Hurricane, Spruce Pine , North Carolina, China, Asia, North Carolina, , Downtown Spruce
Lelian Chew is the founder of The Atelier & Co, a Singapore-based luxury wedding planning company. She has handled luxury weddings with extravagant destinations and million-dollar gowns. AdvertisementThis as-told-to essay is based on a conversation with Lelian Chew, a luxury wedding planner in Asia. I launched my events planning business, The Atelier & Co, in 2013, planning luxury events and weddings for some of the biggest families in Asia. AdvertisementIn recent years, I've noticed a shift in Asian weddings whereby younger generations emphasize upholding traditions in their weddings.
Persons: Chew, , Lelian Chew, they've, it's, I've, We've, It's Organizations: Service, Entertainment Locations: Singapore, Asia, Maldives, Yunnan, China, Como, France
The company spent much of the event pushing TikTok Shop partners to test out live selling. But live selling was the clear focus of the event, five partners who attended told Business Insider. AdvertisementA second partner who attended the event described its content as "live, live, live." The invite list for the summit may have also played a role in focusing the discussion around live selling. Several attendees said the prospect of a ban wasn't brought up at the company's TikTok Shop partner summit.
Persons: TikTok, , Jake Bjorseth, Trndsttrs, what's, ByteDance, adQuadrant, Warren Jolly, you've, Jolly, it's, Bjorseth, influencers, TikTok's, wasn't Organizations: TikTok, Service, Culver City, Business, Shop, TikTok's, Douyin, BI, Amazon, Walmart Locations: China, Culver, livestream, TikTok's China, Asia, Shanghai, Hangzhou, North America, Europe
“Pinoy Pride” slogans, meals with community members, in-language ads and recruiting Filipino Americans for the campaign. With just over a month before the election, Vice President Kamala Harris’ campaign has been courting a group of Asian American voters, Filipino Americans, that may play a decisive role in the crucial swing state of Nevada. While Asian Americans make up almost 12% of Nevada’s electorate, well over the previous margin of victory, Filipino Americans constitute by far the largest ethnic group in that demographic. The ad blitz follows several other efforts made in the past few months to mobilize the Asian American community. With a month to go, Abby Herrera, a 19-year-old Filipino American organizer with grassroots nonprofit One APIA Nevada, said more can always be done to attract Filipino American voters.
Persons: Kamala Harris ’, Harris, , , Assemblywoman Erica Mosca, Abby Herrera, Bacon, Labor Julie Su, we’re, ’ ” Mosca, “ We’re, Team Trump, Halee Dobbins, Rozita Lee, Mosca, ” Mosca, Kamala Harris, Donald Trump, Herrera, ” Herrera Organizations: Asian American, Democratic candidate’s, American, “ Pinoy, shouldn’t, Pinoy Pride, Biden, Labor, Nevada Democrats, Southwest, Trump, Pacific, Republican National, NBC News, , Team, Pacific Islanders, Philippine Times of, Asian, Las Locations: Nevada, Las Vegas, Pacific Islander, “ In Nevada, Hawaii, California, Hawaiians, Philippine Times of Southern Nevada, APIA Nevada
Goldman Sachs discusses the impact of China's stimulus measures
  + stars: | 2024-10-02 | 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 EmailGoldman Sachs discusses the impact of China's stimulus measuresMichelle Cheng, co-head of Asia consumer research and managing director at Goldman Sachs, says there's still "limited upside" on earnings, adding that there needs to be more policy execution and a restoration of consumer confidence.
Persons: Goldman Sachs, Michelle Cheng, there's Locations: Asia
A poll released last week from AAPI Data, a data analytics firm that focuses on Asian Americans, found that 66% of Asian American voters plan to support Harris and 28% intend to back Trump. The same survey found that 62% of Asian American voters say they have a favorable opinion of Harris, compared with 35% who hold an unfavorable view. Republican officials declined to elaborate on efforts to win over Asian American voters. The Harris campaign has three full-time staffers at the national headquarters dedicated to engaging Asian American voters, a spokeswoman said, with additional staff being deployed to Georgia and other battleground states. As she presided over a virtual phone bank from her kitchen one night last week, she said she believed Asian American voters could make the difference in her Southern battleground state.
Persons: Cumming, Kannan Udayarajan, Republican Sen, David Perdue, Donald Trump, mispronounced Kamala Harris ’, , Kamala, , Udayarajan, Harris, Joe Biden, Forsyth, ” Udayarajan, James Woo, Georgia – Biden, Woo, ” Woo, “ It’s, Trump, Trump’s, ” Steven Cheung, Georgia’s, Ashwin Ramaswami, Sen, Shawn Still, Ramaswami, Sonjui Kumar, ” Kumar Organizations: Georgia CNN, Republican, Forsyth County Democratic Party, Trump, , Georgia, Democratic, CNN, American, Advancing Justice, South, , Asian, AAPI, Pew Research Center, Pacific Islander, Republicans, Democratic Party, Forsyth County Democratic Locations: Georgia, Forsyth County, India, Atlanta, Georgia , North Carolina, Pakistan, Bangladesh, Asian America, American, Norcross, Gwinnett County, Georgia’s Forsyth, , “ Forsyth
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS Global Wealth Management: Thailand will 'struggle' compared to rest of AsiaSuresh Tantia, an APAC strategist at UBS Global Wealth Management, offers his views of the broader markets in Asia. He notes that Thailand will struggle compared to other Asian countries. For good returns, he prefers short-term plays in the Chinese tech space, Taiwan and Korean semiconductor stocks, and Asian investment-grade bonds.
Persons: Asia Suresh Tantia Organizations: UBS Global Wealth Management Locations: Thailand, Asia, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoldman says outbound travel bookings for China's Golden Week are 'rosy and robust'Expectations for China's National Day Golden Week travel are not that high for domestic travel, but the outlook for international bookings is "rosy and robust," Simon Cheung, Head of Asia Travel & Leisure Research at Goldman Sachs, told CNBC's Squawk Box Asia.
Persons: Goldman, Simon Cheung ,, Goldman Sachs, CNBC's Organizations: Asia, Leisure Research, Goldman Locations: Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Japanese yen will continue to strengthen, Capital Economics saysMarcel Thieliant, head of Asia-Pacific for Capital Economics, discusses Japan's incoming Prime Minister Shigeru Ishiba and the country's economic outlook.
Persons: Marcel Thieliant, Shigeru Ishiba Organizations: Capital Economics Locations: Asia, Pacific
Business: Sanwa Holdings is a Japan-based company mainly engaged in the manufacture and sale of building and commercial facility construction materials, as well as the provision of maintenance and renovation services. Activist Commentary: ValueAct has been a premier corporate governance investor for over 20 years. Ahead of any shareholder value creation, ValueAct will likely call for increased shareholder returns in the form of buybacks to capitalize on the Sanwa's relatively low valuation. ValueAct is likely to continue as an active shareholder while Sanwa continues to do what it's been doing, just on a faster timetable. As an engaged investor, ValueAct has historically closed the gap between "good" and "great" by supporting management in executing its plan.
Persons: ValueAct, Rob Hale, Hale, Sanwa, Clopay, healthily, It's, Dalton, Ken Squire Organizations: Sanwa, Olympus, JSR, ValueAct, Griffon Corp, KKR, Nikkei, U.S, Dalton Investments, 13D Locations: Japan, North America, Europe, U.S, Asia
New York City Mayor Eric Adams will step into a Manhattan courtroom and into the history books on Friday when he is arraigned on federal corruption and bribery charges that could force him out of office. Adams is the first sitting New York City mayor to be indicted on criminal charges in the modern era. “This was a multiyear scheme to buy favor with a single New York City politician on the rise,” U.S. Attorney Damian Williams said Thursday. Adams' indictment capped two weeks of turmoil in his administration, a period during which Banks, the city’s police commissioner, and the city's top lawyer, have announced their resignations. “You could almost picture them trying to cobble this together and try to tell a story so that they could say, ‘corruption, corruption’ at a press conference,” Spiro said at a Thursday press conference.
Persons: Eric Adams, Adams, David Banks, ” Adams, , ensnared Adams, Damian Williams, Banks, Alexandria Ocasio, Sen, John Liu, New York — Sen, Chuck Schumer, Hakeem Jeffries, Kathy Hochul —, , Adams ’, Alex Spiro, ” Spiro, Edward Caban, James Caban, ” Williams Organizations: York City, New York City, City, New York City Schools, New York Fire Department, Democratic, ” Prosecutors, Turkish, Adams . Police, Authorities, Queens Locations: York, Manhattan, New York City, Brooklyn, Turkish, U.S, Alexandria, Cortez, New York, India, France, China, Hungary, Ghana, Turkey, Istanbul, Washington, Adams
New York City Mayor Eric Adams has been hit with five federal charges – including wire fraud, bribery and solicitation of a contribution by a foreign national – according to a sprawling 57-page federal indictment unsealed Thursday. Although the Bentley Suite for two nights would have cost approximately $7,000, Adams paid less than $600, the indictment says. And so, the building opened as requested by a Turkish official who had plied Adams with travel benefits and other gifts, the indictment says. In addition to the free travel and hotel rooms, Adams received illegal campaign contributions from foreign donors, including the Turkish government official, the indictment says. Adams has repeatedly said that his administration is cooperating in the investigations and he's focused on his work as mayor.
Persons: Eric Adams, Adams, ingratiate, Damian Williams, Gracie, Alexandria Ocasio, Brad Lander, Sen, John Liu, New York – Sen, Chuck Schumer, Hakeem Jeffries, Kathy Hochul –, Hochul, Edward Caban, James Caban, he's, ” Adams, Organizations: York City, Prosecutors, Southern, of New, Brooklyn Borough President, Regis, Bentley, York City’s, New, New York City Fire Department, FDNY, Turkish, Washington , D.C, Gracie Mansion, Wednesday, Gov, FBI, Adams . Police, Authorities, Queens Locations: York, Brooklyn, Regis Istanbul, Turkey, New York City, Turkish, Washington ,, Alexandria, Cortez, New York, Adams, Manhattan
New York Mayor Eric Adams is expected to face federal charges by prosecutors out of the Southern District of New York as soon as Thursday, two sources familiar with the matter said Wednesday night. Before news of federal charges broke Wednesday, Adams was at a reception at the Metropolitan Museum of Art, which President Joe Biden also attended. “I do not see how Mayor Adams can continue governing New York City,” Ocasio-Cortez said on X. "However, it is clear that defending himself against serious federal charges will require a significant amount of the time and attention needed to govern this great city. The most appropriate path forward is for him to step down so that New York City can get the full focus its leadership demands."
Persons: Eric Adams, Adams, , , Adams ’, Daniel Nigro, Nigro, Edward Caban, James Caban, Joe Biden, Douglas Muzzio, ” Muzzio, Alexandria Ocasio, ” Ocasio, Cortez, Brad Lander, Mayor Adams, Lander, ” Adams Organizations: York, Southern, of, FBI, NYPD, Turkish Consulate, Democratic, Fire, NBC News, Federal, Adams . Police, Authorities, Queens, Metropolitan Museum of Art, Baruch College, New Locations: of New York, New, Brooklyn, Turkish, Adams, Manhattan, New York, Alexandria, Cortez, New York City
Incoming President Subianto has promised to continue the charge toward making Indonesia a high-income economy. Economic reforms passed through by the outgoing president will make the achieving Indonesia's grand vision easier. "Widodo put in place a bunch of economic reforms, the most noticeable being making it easier to hire and fire new workers. Indrawati hopes to avoid "the middle-income trap" — an economic development situation where growing economies stagnate at middle-income levels and are unable to advance to the ranks of high-income countries. Major policy reforms, she believes, will help Indonesia sidestep that.
Persons: Sri Mulyani Indrawati, CNBC's, Joko Widodo, Prabowo Subianto, Subianto, Widodo, Gareth Leather, Indrawati Organizations: Afp, Getty, country's Finance, International Monetary Fund, Defense, Capital Economics, CNBC, Lowy Institute Locations: Jakarta, Indonesia, Washington, Australian, China, Asia
New York City Mayor Eric Adams was indicted by federal grand jury amid a corruption probe. AdvertisementNew York City Mayor Eric Adams' administration has been embroiled in turmoil for months. July 2024: Adams served grand jury subpoenasFederal prosecutors subpoenaed Adams, his election committee, and City Hall in July. Advertisement"We have not identified any evidence of illegal conduct by the mayor," Adams' attorneys said at the time. September 26, 2024: Adams indictment unsealedThe 57-page indictment against Adams was unsealed on September 26, detailing serious allegations of corruption, bribery and wire fraud.
Persons: Eric Adams, , Adams, Brianna Suggs, Suggs, Rana Abbasova, Winnie Greco, Greco, Edward Caban, Public Safety Philip Banks III, Sheena Wright, David Banks, Caban, Lisa Zornberg, Zornberg, Thomas Donlon, Ashwin Vasan, Banks, Alexandria Ocasio, Cortez, Damian Williams, Williams Organizations: York City, Service, New York Police Department, Democrat, FBI, Agents, New York Times, Turkish Airlines, Times, City Hall, Associated Press, Public Safety, New York City Schools, New York, NYPD, Democratic New York Rep, New, Southern, of Locations: York, New York City, Brooklyn, manila, Jersey, Manhattan, Turkish, New, Alexandria, of New York
India's economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. However, focusing too much on the macro story can be dangerous for investors, according to Blackstone Private Equity's head of Asia, Amit Dixit. I think you go to India for the macro, everybody knows," Dixit said at the Milken Institute's recent Asia Summit in Singapore. While the list of companies Blackstone invests in India are extensive, he spotlighted the likes of information technology service firm Mphasis , IT service management company R Systems and automotive components manufacturer Sona Comstar . "I think, either end of the spectrum, you can make a lot of money as an investor," he said.
Persons: Blackstone, Blackstone Private Equity's, Amit Dixit, Dixit, Sona Comstar, it's, Manraj Sekhon, Sekhon Organizations: Blackstone Private, Milken, Summit, CNBC, Blackstone, Systems, Templeton Global Investments, Milken Asia Summit Locations: India, Hong Kong, Asia, Singapore
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. markets slipped as Asian stocks riseU.S. stocks mostly fell Wednesday. The S&P 500 lost 0.19% and the Dow Jones Industrial Average slipped 0.7%, while the Nasdaq Composite closed near the flatline. Support for semiconductor plansIndian Prime Minister Narendra Modi plans to turn the country into a semiconductor powerhouse.
Persons: Mira Murati, Bob McGrew, Narendra Modi, Modi, Meta, Blackstone, Equity's Organizations: CNBC, Dow Jones, Nasdaq, SK Hynix, Indian, Labs Locations: U.S, Hong Kong, India, Asia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese stocks are cheap but a sustainable rally depends on investor confidence: Federated HermesJonathan Pines, head of Asia ex-Japan equity at Federated Hermes, discusses the stock rally that stimulus measures from China's central bank prompted.
Persons: Jonathan Pines Organizations: Federated Hermes Locations: Asia, Japan, China's
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth. China's yuan hit its strongest level in over 16 months on Wednesday after Beijing unveiled a slate of stimulus measures to shore up the slowing economy on Tuesday. The Chinese offshore yuan strengthened briefly to 6.9946 per dollar, the strongest since May 2023. China's onshore yuan is currently trading at 7.0319 against the greenback, also holding at the strongest levels since last May. China bonds rallied after the PBOC announcement with 10-year and 30-year yields hitting record lows.
Persons: Ben Emons, Edmund Goh, Zerlina Zeng, CreditSights, Pan Gongsheng, Emons, Hong, — CNBC's Evelyn Cheng Organizations: U.S, Beijing, greenback, Fed Watch, BNP, U.S ., Asia Credit, People's Bank of China Gov, CSI Locations: China, abrdn, Hong Kong, London, Singapore, New York
The poll showed that 66% of Asian American voters plan on backing Harris, while 28% say they’ll be voting for Trump. It featured 1,105 Asian American registered voter respondents, and reported a margin of error of plus or minus 5.1 percentage points. Before Harris entered the race, 46% of Asian American voters said they would choose Biden. Meanwhile, 28% of Asian American voters have a favorable opinion of Donald Trump, slightly down from previous polling. Tim Walz was found to be favorable among 56% of Asian American voters, more than twice the percentage that found Republican Sen. JD Vance favorable.
Persons: Kamala Harris, Donald Trump, Harris, Joe Biden, Karthick Ramakrishnan, “ Harris, Biden, ” Ramakrishan, favorability, ” Ramakrishnan, , , Ramakrishnan, Dobbs, Roe, Wade, Hillary Clinton’s, Tim Walz, Republican Sen, JD Vance, it’s Organizations: Trump, Asian American, Data, Pacific Islander American, Pew Research Center, National Opinion Research, Democratic Gov, American, Republican, NBC Asian Locations: America, U.S, NBC Asian America
Georgia voter Christine Nguyen and John King in Decatur, Georgia CNNRebel Teahouse is in Decatur, in reliably blue suburban DeKalb County just outside Atlanta. It is one of the places that helped Biden to his stunning, razor-thin 2020 Georgia win and is now a key test of whether Harris can assemble a similar winning coalition. “Absolutely no,” was Gardner’s answer when we asked whether the switch from Biden to Harris would make him rethink. Republican George W. Bush won 66% in Gwinnett in 2004; in 2020, Biden carried the county with 58%. CNNLike Ngyuen, Hallmon sometimes finds herself in debates over whether Harris or Trump is better for small business and the overall economy.
Persons: Kamala Harris, Christine Nguyen, , ” Nguyen, That’s, Nguyen, Joe Biden, Donald Trump, Harris, , John King, Biden, Trump, Biden’s, Kamala, ” Harris, , Jan Gardner, ” John King, Suresh Sharma, CNN Suresh Sharma, ” Sharma, Sharma, Republican Mitt Romney, Cobb, , Harris Chantá Villano, Willis, Villano, I’ve, ” Villano, ” Willis, ” Kim Cavaliere, Republican George W, Bush, Cavaliere, ” Cavaliere, ” Hallmon, Hallmon, ’ Hallmon, Martin Luther King Jr, Lakeysha Hallmon, that’s Organizations: Georgia CNN, Biden, Trump, Democratic, Decatur , Georgia CNN, Black, White, CNN, Statewide, American, Pacific Islanders, NASA, General Electric, Republican, Republican Party, Washington, Retail, Sears, Ward Locations: Decatur, Georgia, battlegrounds, Decatur , Georgia, DeKalb County, Atlanta, United States, India, Jamaica, Vietnam, Marietta, Cobb County, Mexico, Powder Springs, MAGA, cryptocurrencies . Georgia, Powder Springs , Georgia, Massachusetts, Gwinnett County, Gwinnett, Ponce City, Atlanta’s
CNN —Sky-gazers around the world will be able to glimpse a partial lunar eclipse while September’s full harvest moon shines brightly Tuesday night. If you’re viewing the moon on Tuesday evening, for about an hour it will also appear as if a bite has been taken out of it due to a partial lunar eclipse. A partial lunar eclipse occurs when Earth moves between the sun and the full moon without being perfectly aligned. During a total lunar eclipse, Earth’s shadow can turn the moon’s surface a striking red color, which is known as a blood moon, according to NASA. The moon is seen through the clouds during a partial lunar eclipse over Caracas, Venezuela, early on November 8, 2022.
Persons: , Noah Petro, Artemis III, Federico Parra Organizations: CNN, NASA, Reconnaissance, Artemis, Saturn, Northern, American Meteor Society, Taurids Locations: Europe, Asia, Africa, North America, South America, United States, Caracas, Venezuela, AFP, Chuseok
Total: 25