DIRS.INFO The most relevant business & tech news

☆ Asia markets are mixed ahead of Bank of Japan rate decision, China business activity data
▼ + stars: | 2024-07-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Bank of Japan Governor Kazuo Ueda delivers a speech at the start of issuance of new yen banknotes at the Bank of Japan headquarters in Tokyo on July 3, 2024. Asia-Pacific markets were mixed on Wednesday as investors awaited the Bank of Japan's rate decision and China's business activity data. Economists polled by Reuters expecting the bank to raise rates to 0.1%, though other analysts are expecting a larger hike. The BOJ's benchmark interest rate currently is in a range of 0% to 0.1%. Should the bank raise rates, this will mark the first time since 2010 that its benchmark interest rate stands firmly at 0.1% or higher.

Persons: Kazuo Ueda Organizations: Japan, Bank of Japan, Bank of, Reuters, Reserve Bank Locations: Tokyo, Asia, Pacific

☆ North Korea and South Korean selfie: Why picture of Olympic athletes is so striking
▼ + stars: | 2024-07-31 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

South Korea won bronze and North Korea bagged silver in the mixed doubles, and South Korea’s Lim Jong-hoon celebrated the occasion by whipping out a phone for a picture. The Korean War ended in 1953 with an armistice, and no peace treaty has ever been signed. Olympics organizers have “deeply apologized” to South Korea over a “human error” that saw its 143 athletes wrongly introduced as North Korean at the opening ceremony. The mishap occurred last Friday, when the South Korean athletes made their debut on a boat cruising down the River Seine. The official name of South Korea is the Republic of Korea.

Persons: South Korea’s Lim Jong, ” Organizations: CNN, South Korea, North, Tokyo, South, “, Democratic, Democratic People’s Locations: North Korea, South, PyeongChang, Pyongyang, South Korea, Seoul . North, Korean, Democratic Republic of Korea, Democratic People’s Republic of Korea, Republic of Korea

☆ Bank of Japan raises benchmark interest rate, outlines roadmap for trimming bond buying program
▼ + stars: | 2024-07-31 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The Bank of Japan headquarters (top C) is seen in Tokyo on December 19, 2023. Japan's central bank has raised its benchmark interest rate to "around 0.25%" from it previous range of 0% to 0.1% and outlined its plan to taper its bond buying program. The BOJ said it will continue to raise the policy interest rate and adjust the degree of monetary accommodation, assuming its economic outlook is realized. As of its March release, the bank said that purchases of JGB's amounted to about 6 trillion yen per month. The BOJ's JGB holdings currently stand at a whopping 579 trillion yen as of July 19, according to CNBC's calculations.

Organizations: Bank of Japan, The Bank of Japan Locations: Tokyo, Japan's

☆ CNBC Daily Open: Tech retreats; Starbucks same-store sales decline for second straight quarter
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. Net income fell to $1.05 billion from $1.14 billion a year ago, though it met analysts' expectations.

Persons: Tamas Varga, PVM, Tom Lee Organizations: New York Stock Exchange, CNBC, Big Tech, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, West Texas Intermediate, Brent Locations: New York City, U.S, China

☆ CNBC Daily Open: BOJ ups rate to 0.25%; U.S. stocks fall; Starbucks' same-store sales decline
▼ + stars: | 2024-07-31 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia pulled back 7% and Microsoft fell 0.9% during the normal session before reporting earnings after the bell. Still, Microsoft beat estimates as quarterly revenue increased 15% from a year ago to $64.73 billion and net income rose to $22.04 billion. Starbucks missStarbucks' quarterly revenue slid 1% to $9.11 billion, missing forecasts as same-store sales declined for the second straight quarter. The South Korean tech giant said sales of high-end memory chips used in servers will continue to be strong.

Organizations: CNBC, New York Stock Exchange, New York City . Bank of Japan, U.S . Federal, Bank of, Nasdaq, megacaps Meta, Apple, Dow Jones, Nvidia, Microsoft, Fed, Microsoft Microsoft, Bank of Japan, Nikkei, Seng, Samsung, Samsung Electronics, Revenue, South, Reading, Fed Stock, Federal Reserve Locations: New York City, Bank of Japan, U.S, China, Shanghai

☆ CNBC Daily Open: U.S. stocks little changed ahead of Big Tech earnings, McDonald's misses estimates
▼ + stars: | 2024-07-30 | by ( Kevin Lim | ) www.cnbc.com time to read: +2 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields slipped and U.S. oil prices fell amid increasing tensions between Israel and the Iran-backed militia Hezbollah in Lebanon. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Bond investors benefit from price appreciation in a falling interest rate environment as bond prices and yields move inversely to each other.

Persons: McDonald's, iPhones, Max, Bitcoin, Donald Trump, Trump, Gary Gensler, Janus Henderson Organizations: CNBC, Big Tech, Nasdaq, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Republican, Bitcoin Conference, Metrics, Securities, Exchange Locations: U.S, Israel, Iran, Lebanon

☆ CNBC Daily Open: Asian shares slide, U.S. stocks flat ahead of Big Tech earnings; McDonald's earnings miss
▼ + stars: | 2024-07-30 | by ( Kevin Lim | ) www.cnbc.com time to read: +3 min

CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. McDonald's missMcDonald's quarterly earnings and revenue fell short of analysts' expectations as same-store sales declined globally for the first time since 2020. The fast-food giant's second-quarter net income fell to $2.02 billion from $2.31 billion a year ago, while revenue was nearly flat at $6.49 billion. Asia stocks weakenAsian stocks traded lower as the Bank of Japan began a two-day meeting where it is widely expected to raise benchmark interest rates. Japan central bank meetsThe Bank of Japan began its two-day policy meeting Tuesday amid expectations of an interest rate hike.

Persons: McDonald's, iPhones, Seng, Fortescue, JPMorgan, Yuri Khodjamirian, CNBC's Organizations: CNBC, Nasdaq, Big Tech, Dow Jones Industrial, Treasury, Hezbollah, Apple, Apple Intelligence, Max, Bank of Japan, Nikkei, CSI, Australian Financial Review, Tema Locations: U.S, Israel, Iran, Lebanon, Asia, Australia, Japan

☆ Asia-Pacific markets slide as the Bank of Japan begins two-day meeting
▼ + stars: | 2024-07-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023. Asia-Pacific markets fell across the region on Tuesday as the Bank of Japan kicks off its two-day monetary policy meeting. When the meeting concludes Wednesday, the BOJ is expected to raise its benchmark interest rate and trim its Japanese government bond purchases. Economists polled by Reuters expect the BOJ to increase its benchmark interest rate to 0.1%, up from the current range of 0% to 0.1%. Japan's unemployment rate came in slightly lower than expected in July, at 2.5% compared to the 2.6% forecast by a Reuters poll of economists.

Organizations: Bank of Japan, Reuters, Nikkei Locations: Tokyo, Asia, Pacific

☆ Japan's central bank starts its monetary policy meeting today. Here's what's in focus
▼ + stars: | 2024-07-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Javier Ghersi | Moment | Getty ImagesJapan's central bank kicks off its July monetary policy meeting on Tuesday, with traders focused on its decision on interest rate and government bond purchases. Economists polled by Reuters expect the BOJ to increase its benchmark interest rate to 0.1% from the current range of 0% to 0.1%. BOJ Governor Kazuo Ueda said in June that the central bank could raise rates "depending on economic, price and financial data and information available at the time," Reuters reported. "Our decision on bond-buying taper and interest rate hikes are two different things," Ueda told the country's parliament. The headline inflation rate has been above the BOJ's 2% target for more than two years.

Persons: Javier Ghersi, Kazuo Ueda, Ueda, Bond Organizations: Bank of, Reuters, ING, Bank of America, realty, Bank of Japan, Japanese Trade Union Confederation Locations: Japan, Bank of Japan

☆ Japan's Nikkei jumps 2% to lead gains in Asia as traders assess U.S. inflation data, await BOJ meeting
▼ + stars: | 2024-07-29 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets climbed on Monday, with Japan's Nikkei 225 leading gains in the region after a key U.S. inflation report late last Friday raised hopes for an interest rate cut. The Nikkei rose 2.02%, while the broad-based Topix was up 1.52%. In Asia, the highlight for this week will be the Bank of Japan's monetary policy meeting starting July 30. A Reuters poll of economists expects the central bank to raise rates by 10 basis points to 0.1%. Other key inflation data from the region include China's July PMI data, while Australia will release its latest set of inflation data before the central bank's Aug. 6 monetary policy meeting.

Persons: Topix, Dow Jones Organizations: Mount Fuji, Japan's Nikkei, Nikkei, Bank, ING Locations: Asia, Pacific, U.S, Australia

☆ Asia-Pacific markets mixed after sell-off as investors assess Tokyo CPI, await U.S. inflation data
▼ + stars: | 2024-07-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets were mixed on Friday after Thursday's sell-off saw some indexes in the region hit their lowest level in months. "There's a changing of the guard happening on Wall Street. In Asia, traders assessed July inflation data out of Japan's capital city of Tokyo, which is widely considered a leading indicator of nationwide trends. Tokyo's headline inflation slowed slightly to 2.2% in July from 2.3% in May, while its core inflation rate — which strips out prices of fresh food — remained unchanged at 2.2%, in line with expectations. The so called "core-core" inflation rate, which strips out prices of fresh food and energy and is watched by the Bank of Japan, fell to 1.5% from 1.8%.

Persons: Thursday's, Adam Sarhan Organizations: Nasdaq, Dow Jones, Investments, Bank of Japan, greenback Locations: Asia, Pacific, Tokyo

☆ The best photos from the 2024 Paris Olympics
▼ + stars: | 2024-07-26 | by ( Brett Roegiers | ) edition.cnn.com time to read: 1 min

The Paris Olympics kicked into full gear Saturday, a day after an opening ceremony like no other. China won the first two gold medals of the Games, with the first coming in the 10-meter air rifle mixed-team event (Huang Yuting and Sheng Lihao) and the second coming in the women's synchronized 3-meter diving event (Chang Yani and Chen Yiwen). One world record was broken before the opening ceremony even took place. South Korean archer Lim Si-hyeon shot a world record 694 in the individual ranking round Thursday.

Persons: Huang Yuting, Sheng Lihao, Chang Yani, Chen Yiwen, Lim Si Organizations: Paris Olympics, China

☆ Japan's Nikkei tumbles more than 2% as Asia-Pacific markets fall, tracking Wall Street sell-off
▼ + stars: | 2024-07-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets saw a sell off on Thursday, tracking losses on Wall Street as the S&P 500 and Nasdaq Composite saw their worst days since 2022. The broad market index lost 2.31%, closing at 5,427.13, while the tech-heavy Nasdaq slid 3.64% to end at 17,342.41. Meanwhile, Tesla shares declined 12.3% — their worst day since 2020 — on weaker-than-expected results and a 7% year-over-year drop in auto revenue. Over in Asia, investors will assess South Korea's advance second-quarter GDP numbers, which came in slightly below expectations. South Korea's GDP grew 2.3% year on year, lower than the 2.5% expected by economists polled by Reuters.

Persons: — Organizations: Nasdaq, Dow Jones, Tech, Nvidia, Meta, Reuters Locations: Seoul . Asia, Pacific, Asia

☆ Asia markets open lower as traders assess Aussie business activity data, U.S. tech earnings
▼ + stars: | 2024-07-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets fell on Wednesday as traders assessed July business activity data from Australia, tech earnings from the U.S. and awaited Japan PMI readings. Late Tuesday, automaker Toyota said it will buyback 806.85 billion yen ($5.17 billion) of its shares from major Japanese banks and insurers, including Tokio Marine , Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group . Heavyweight Samsung Electronics plunged 1.8%, even as Reuters reported that chip giant Nvidia had cleared its chips for use in a processor for the China market. The South Korean electronics company is still grappling with a strike from its largest workers union, with talks on Tuesday yielding no results, according to the National Samsung Electronics Union, which has about 30,000 members. Hong Kong Hang Seng index futures were at 17,474, just marginally higher than the HSI's last close of 17,469.36.

Persons: Topix, Australia's Organizations: Sydney Opera House, Japan PMI, Nikkei, PMI, Toyota, Tokio Marine, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, Samsung Electronics, Reuters, Nvidia, National Samsung Electronics Union, Juno Bank . Hong Locations: Asia, Pacific, Australia, U.S, Japan, China, Korean, Juno Bank . Hong Kong

☆ U.S. Olympian cheat sheet: Top athletes to watch in Paris beyond the best-known stars
▼ + stars: | 2024-07-24 | by ( Alex Andrejev | ) www.nytimes.com time to read: +20 min

He won gold at the 2023 Pan American Games in Santiago, Chile, to qualify for the Paris Olympics. Judo — Maria LabordeLaborde, 33, is the highest-ranked U.S. judoka qualified for the Paris Games — at No. He won gold at the 2023 Pan American Games and qualified in speed climbing for the Paris Games, his first Olympics. Carissa Moore participates in a training session ahead of the Paris Olympics this week in Teahupo’o, French Polynesia. Knibb obtained quotas in both triathlon and road cycling for the Paris Games, which will make her a rare multi-sport Olympian.

Persons: Simone Biles, Katie Ledecky, LeBron James, Barry, Kareem Maddox, Dylan Travis, Dearica Hamby, Rhyne Howard, Cierra Burdick, Hailey Van Lith, Casey Kaufhold, Kaufhold, she’s, Luann Ryon, Dean Alberga, Anita Alvarez Alvarez, Alvarez, Andrea Fuentes, Fuentes, Beiwen Zhang Zhang, She’s, Zhang, Kelly Cheng Cheng, nee Claes, Sarah Sponcil, Cheng, Sara Hughes, They’re, Brazil’s Ana Patricia Silva Ramos, Eduarda “ Duda ” Santos, United States ’ Taryn Kloth, Kristen Nuss, Jahmal Harvey Harvey, USA’s, Harvey, — Victor Montalvo Montalvo, Montalvo, Boy Victor, ”, Paris Victor Montalvo, He’ll, Kenzo Tribouillard, — Nevin Harrison Harrison, Casey Eichfeld, Jennifer Valente Valente, Valente, Andrew Capobianco Capobianco, Michael Hixon, Capobianco, Carson Tyler, Mike Ruiz, Delaney Schnell, Jessica Parratto, — McLain Ward Ward, Ward, Sapphire, — Lee Kiefer Kiefer, Gerek Meinhardt, Lee Kiefer, Matthias Hangst, Amanda Golini, Ashley Hoffman, Golini, Hoffman, — Maria Laborde Laborde, Laborde, Jess Davis Davis, Meghan Musnicki, Lisa Schlenker’s, Musnicki, Kevon Williams Williams, Williams —, Houston —, Kevon Williams, Yong Teck Lim, Daniela Moroz Moroz, Moroz —, —, — Vincent Hancock Hancock, he’s, Al Oerter, Carl Lewis, Michael Phelps, TeamUSA.com, Jagger Eaton Eaton, Tom Schaar, Eaton, Sam Watson Watson, Carissa Moore Moore, Moore, Carissa Moore, Jerome Brouilett, Lily Zhang It’s, China, — CJ Nickolas Nickolas, Jessica Stevens, — Taylor Knibb Knibb, Knibb, — Jordan Larson Larson, Toru Hanai, Maggie Steffens Steffens, Steffens, Flav, Olivia Reeves Reeves, Reeves, — Aaron Brooks, Brooks, David Taylor, Spencer Lee, Lee, Iran’s Hassan Yazdani, Aaron Brooks, Fabrice Coffrini Organizations: Paris Olympics, Olympic, Paris Games, BYU, Games, Tokyo Games, Getty, Badminton, USA, USC, Trojans, Eduarda “ Duda ” Santos Lisboa, United, U.S, Pan American, USA Boxing, Red Bull, Paris, Madison, U.S . Olympic, Tokyo, Athens Games, Beijing, University of Kentucky, FIH, Team USA, Pan American Games, NBC Sports, Rio, Rugby, rugby, Olympics, Fiji, New Zealand, HSBC SVNS Singapore, USA.com, Los Angeles Games, X, —, Tokyo Olympics, Nebraska, Sydney Games, Beijing Games, Brazil, Team USA’s Locations: Paris, Tokyo, U.S, women’s recurve, Berlin, Russia, Ukraine, Budapest, Barcelona, China, Indonesia, Mexico, United States, Santiago , Chile, Belgrade, Serbia, Florida, AFP, Rio, Japan, Athens, Ranchi, India, Germany, Lima , Peru, Cuba, London, Houston, Wujiang, Hawaii, Teahupo’o, French Polynesia, Beijing, Penn

☆ Asia stocks fall as Biden drops presidential bid; inflation and GDP data in focus this week
▼ + stars: | 2024-07-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. Asia-Pacific markets fell on Monday, as news emerged that U.S. President Joe Biden had dropped out of the presidential race, endorsing Vice President Kamala Harris as the Democratic nominee. On Monday, focus will be on the People's Bank of China's loan prime rate decision, with the one-year and five-year loan prime rate expected to be unchanged at 3.45% and 3.95% respectively, according to economists polled by Reuters. This week, investors will be looking out for GDP data from South Korea and the U.S., as well as factory activity data from around the region. Other economic data this week include inflation numbers from the U.S. and Singapore on Friday and Tuesday, respectively.

Persons: Joe Biden, Kamala Harris, LPR Organizations: Tokyo Cityscape, Democratic, Microsoft, People's Bank, Reuters Locations: Tokyo, Tokyo city, Japan, Asia, Pacific, South Korea, U.S, Singapore

☆ Markets could unwind the 'Trump trade' after Biden drops out of presidential race
▼ + stars: | 2024-07-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Anadolu | Anadolu | Getty ImagesThe "Trump trade" could unwind after President Joe Biden withdrew from the 2024 presidential election, throwing his weight behind Vice President Kamala Harris. The Trump trade refers to plays on stocks that are expected to benefit if the former president returns to the White House. CNBC previously reported that Wall Street sees a Trump win as good for stocks as the Republican candidate has called for lower taxes and deregulation. The strategist predicted the U.S. dollar would soften as some of the "Trump trade" unwinds, adding that he believes the prospect of a Democratic victory has marginally increased. Roche said, however, that a Harris nomination increases the chance of a Trump win, but lowers the odds of the Republicans winning both houses of Congress.

Persons: Joe Biden, Biden, Kamala Harris, Trump, Donald Trump, Trump's, Michael Brown, Pepperstone, Brown, David Roche, Harris, Biden Harris, Roche Organizations: U.S, Anadolu, Getty, Republican, House, CNBC, Trump, White, Democratic, Federal Reserve, Quantum, Democratic Party, Biden, Republicans Locations: Ankara, Turkiye, Asia, Australia, U.S

☆ CNBC Daily Open: Biden drops out, endorses Harris
▼ + stars: | 2024-07-22 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. 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. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Big Tech faces the challenge of rekindling Wall Street's enthusiasm after a $900 billion tech rout.

Persons: Sebastian Raedler, haven't, Stephanie Pope, Max, CNBC's Jim Cramer, Elon Musk, Dan Ives, Lina Khan, Khan, Ives, CrowdStrike, Fred Imbert, —, Alex Harring, Jesse Pound, Kevin Williams, Leslie Josephs, Josie Rozzelle, Kevin Breuninger, Dan Mangan, Zev Fima, Spencer Kimball, Lim Hui Jie Organizations: New York Stock Exchange, CNBC, Bank of America, Boeing, Farnborough, Trump, Microsoft, Securities, Big Tech, Google, Apple Locations: New York City, London, New York, New Delhi, Washington

☆ Asia-Pacific markets fall as rotation out of tech continues; Japan headline inflation holds steady
▼ + stars: | 2024-07-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets fell on Friday as investors on Wall Street continued to rotate out of tech stocks and take profits from the rally in equities in recent weeks. "There's some profit taking," said Keith Buchanan, senior portfolio manager at Globalt Investments. Over in Asia, traders will be on the lookout for continued rotation out of tech in the region after chip-related stocks plunged Thursday across Taiwan, Japan and South Korea. Japan's inflation came in at 2.8% for June unchanged from May, while core inflation, which strips out prices of fresh food, accelerated to 2.6%, from 2.5%. However, the core inflation reading was lower than the 2.7% expected by a Reuters poll of economists.

Persons: Keith Buchanan Organizations: Wall, Globalt Investments Locations: Tokyo . Asia, Pacific, Asia, Taiwan, Japan, South Korea

☆ Ukraine risks North and South Korea-like division, says former Singapore diplomat
▼ + stars: | 2024-07-19 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Roman Pilipey | Afp | Getty ImagesRussia's war on Ukraine could end with the latter being divided into two — like North and South Korea, according to Singapore's former ambassador to Russia, Bilarhari Kausikan. Kausikan said Trump's approach could force Ukraine into a truce — an agreement to stop fighting but not necessarily to end the war, which could lead to a split in Ukraine. Korea is still at war, North and South, legally, but there is an armistice and a divided country. North and South Korea are officially still at war because an armistice was signed in 1953, not a peace treaty. But while increased military spending from Europe will be Trump's goal, it's won't be enough to deter Russia, Kausikan said.

Persons: Roman Pilipey, Bilarhari Kausikan, Kausikan, Donald Trump, Joe Biden, Trump's, Viktor Orban, Trump, Ukraine's, it's Organizations: Afp, Getty, UN, VP Bank, White, CNN, NATO, Trump Locations: Ukrainian, Donetsk, Ukraine, Roman, North, South Korea, Russia, Korea, Hungary, Singapore, Europe

☆ U.S.-China tensions are not a 'new Cold War,' veteran Singapore diplomat Bilahari Kausikan says
▼ + stars: | 2024-07-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Bilahari Kausikan, Ministry of Foreign Affairs of Singapore speaks at The 2017 Concordia Annual Summit at Grand Hyatt New York on September 19, 2017 in New York City. But that is not the case today, due to the complexity of modern supply chains. Kausikan said that both the U.S. and China are parts of a single global system, "and their competition is within a single system." While there could be some separation in areas like high technology and finance, Kausikan said it would not be a complete separation of ecosystems. "In fact, I know of no business leader who actually believes this will happen," he quipped.

Persons: Bilahari Kausikan, Kausikan Organizations: Ministry of Foreign Affairs, Singapore, Grand Hyatt, U.S, United Nations, U.S ., Bank Locations: NY, York, New York City, China, U.S, Soviet Union

Asia-Pacific markets traded mixed on Wednesday with Australia's S&P/ASX 200 reaching an all-time high, while an increase in business optimism among large Japanese manufacturers lifted Japanese stocks. Japan's Nikkei 225 declined 0.43% to close at 41,097.69, while the Topix rose 0.37% to end at 2,915.21. The Taiwan Weighted Index fell 0.77% after a report cited U.S. Republican presidential candidate Donald Trump saying that Taiwan should pay the U.S. for defense. I think, Taiwan should pay us for defense," Trump said in interview with Bloomberg Businessweek in June that was published on Tuesday. On a month-on-month basis, Singapore's non-oil domestic unexpectedly dropped 0.4%, compared with a expectations of a 4.1% growth.

Persons: Australia's, Donald Trump, Trump, Cho Jung, TSMC, Georges Elhedery, Elhedery, Noel Quinn Organizations: Reuters, U.S ., Nikkei, Northern Star Resources, Bellevue, Mining, Newmont Corporation, CSI, Republican, Bloomberg Businessweek, Taiwan, HSBC Holdings, Hong Locations: Asia, Pacific, Gold, Taiwan, Hong Kong

☆ What we know about Usha Vance's politics
▼ + stars: | 2024-07-17 | by ( Alice Tecotzky | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +6 min

Read previewUsha Vance's classmates at Yale Law School didn't know much about her politics. Less obvious, however, is Usha Vance's political orientation and relationship to the newfound national spotlight. In 2022, two colleagues at the firm described Usha Vance as liberal or moderate to The Times. When JD Vance was himself running for Senate, Usha Vance appeared in his very first campaign ad, sitting in front of a bookshelf and talking about their three children. AdvertisementWhile Usha Vance's political orientations and interest in life as a national figure remain foggy, her devotion to her husband has seemed strong since her days at Yale Law School.

Persons: —, Usha Vance's, Yale Law School didn't, Marvin Lim, Usha, Elliot Forhan, Usha Chilukuri, JD Vance, Lim, Usha Vance, Vikram Rao, Gabriel Winant, Vance's spokespeople, Vance, SCOTUS Brett Kavanaugh, John Roberts, Munger, Olson, Blake Masters, Vance hasn't Organizations: Service, Yale Law School, Democrat, Business, New York Times, Times, Yale, Cambridge, The Times, Tolles, GOP, American, Newsmax, Fox & Friends, JD, Republican, Convention Locations: Georgia, Ohio, San Diego, Arizona

☆ China's beer market, the world's largest, set for bounce as drinkers go high-end
▼ + stars: | 2024-07-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Sporting events such as the ongoing Euro 2024, the upcoming Copa Americana and Paris Olympics, coupled with hotter weather, are expected to drive up demand for the beverage. Pointing to the Euro 2024, Chinese online database QiChaCha noted that bars and stores have been decorated with European Cup merchandise and they are offering sports-themed meals to cash in on the frenzy. "The European Cup ignites the 'beer economy,'" the firm said, adding that China's beer industry had shown a clear trend towards high-end offerings. They also expect China's beer industry to continue to benefit from a product mix upgrade, besides lower barley prices and packaging material prices in 2024. Carlsberg chief executive Jacob Aarup-Andersen said that brewers will be boosted by events such as the Paris Olympics and the Euro 2024, according to the report.

Persons: Lei Yang, Sun, QiChaCha, Lei, Carlsberg, Jacob Aarup, Andersen, Aarup Organizations: CGS, Sporting, Americana, Paris, European, Heineken, Carlsberg, Paris Olympics Locations: China, Asia

☆ Asia markets climb as investors assess assassination attempt on Trump, await China Third Plenum
▼ + stars: | 2024-07-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets climbed on Monday as investors awaited China's Third Plenum and also assessed an assassination attempt on former U.S. President Donald Trump at a rally over the weekend. David Roche, president of Quantum Strategy, said in a note on Sunday that Trump would win the presidency, with an increased probability of a Republican clean sweep of both the House of Representatives and the Senate. Key China economic data will be released on Monday, including the country's second quarter GDP numbers. China's economy is expected to expand 5.1% year on year, according to a Reuters poll of economists, compared to 5.3% in the first quarter. Japan's markets are closed for a public holiday.

Persons: Donald Trump, David Roche Organizations: Quantum, Trump, Republican Locations: Asia, Pacific, China

Search resuls for: "LIM"

25 mentions found