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☆ You don't have to live in a Blue Zone to reach 100. These 4 things will maximize your chances, according to a lifespan expert.
▼ + stars: | 2024-05-25 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

How long a person lives mostly comes down to their genes, life circumstances, and things we can't predict, van Raalte said. AdvertisementHowever, van Raalte said, there are certain things you can do to maximize your chances of living to 100. Don't smokeNot smoking is the only lifestyle factor proven to help you live longer, van Raalte said. Exercise"You need to do some kind of exercise," van Raalte said. Keep your mind activeAs well as staying physically fit, an active mind is also important for longevity, van Raalte said.

Persons: —, Alyson van Raalte, Max Planck, It's, van Raalte, Heidi Tissenbaum, Gerontologist, Rose Anne Kenny Organizations: Service, Max, for Demographic Research, Business, US Centers for Disease Control, Brigade, Getty Images Research Locations: Germany, Costa Rica, Okinawa, Japan, Asia, Western Europe, Europe

☆ She kissed a woman on the Trans-Siberian Railway 32 years ago. Then she flew across the world to find her
▼ + stars: | 2024-05-24 | by ( Francesca Street | ) edition.cnn.com time to read: +16 min

The bus was ferrying travelers to the train station to board the Trans-Siberian railway. Like Marie-Claire, Elaine had been working in Japan for a while, teaching English. Flirting in MongoliaMarie-Claire and Elaine were strangers who happened to be both traveling via the Trans-Siberian railway. She also shared the news with her extended network of New York friends. Elaine, Marie-Claire and their son Marcello have a family motto, based around their shared initials, EMC.

Persons: CNN — Marie, Claire Martineau couldn’t, Elaine Comerford, Marie, Claire, Elaine, ’, Elaine broached, they’d, “, Claire couldn’t, ” Marie, they'd, Claire Martineau Marie, who’d, ”, she’d, That’s, ” Elaine, “ Marie, Wolfgang Kaehler, we’d, Steve, ” Here's Marie, Claire Martineau, you’ve, Elaine didn’t, weren’t, Diane, “ Diane, ‘ Let’s, She’d, Claire’s, –, Marie Claire, Marcello, Here's Marie, “ We’ve, We’ve, we’ve, Anna Maria, Cliare, it’s Organizations: CNN, CNN Travel, Queens, Maison Internationale, EMC Locations: France, Japan, Europe, Eastern Europe, Budapest, Vienna, Boston , Massachusetts, Boston, New York City, Marie, New York, Beijing, China, Moscow, Mongolia, Russia, Asia, Mongolia Marie, Siberia, Germany, Turkey, Greece, Hungary, ”, Austria, Manhattan, Queens, Midtown, –, Provincetown , Massachusetts, Thailand, Vietnam, Colombia, Ecuador, United States, Anna Maria Island , Florida, Florida

☆ Singapore Airlines changes seatbelt sign policy following fatal turbulence incident
▼ + stars: | 2024-05-24 | by ( ) edition.cnn.com time to read: +2 min

Singapore Airlines has tweaked its in-flight seatbelt sign policies and altered at least one flight route after a turbulence incident this week killed one person and left dozens more hospitalized, according to the airline and flight data. The airline is adopting a more cautious approach to turbulence, including not serving hot drinks or meals when the seatbelt sign is on, it said in a statement to Singapore broadcaster Channel News Asia. “SIA will continue to review our processes, as the safety of our passengers and crew is of utmost importance,” it said. The daily London-to-Singapore route SQ321 has completed two flights since the incident and not flown over the part of Myanmar where the sudden turbulence occurred about three hours before scheduled landing. They flew instead over the Bay of Bengal and Andaman Sea, route data from flight tracker FlightRadar 24 shows.

Organizations: Singapore Airlines, Channel News Asia, “ SIA, Boeing, Srinakarin Locations: Singapore, London, Bangkok, SQ321, Myanmar, Bengal, Andaman

☆ CIO shares Nvidia alternatives to cash in on the AI theme: 'There's another way to play this'
▼ + stars: | 2024-05-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Its shares jumped in extended trading but given the "blowout earnings," Nancy Tengler of Laffer Tengler Investments said she expected to see a higher move. "We think there's another way to play this," she said, adding these are namely buying into "old economy companies," as well as data center names. One such "old economy" name is Walmart , according to her. They've embraced not only digital solutions, but robotics, generative AI and their ad business in cloud computing, obviously in their e-commerce business," she said. Quanta Services , which builds infrastructure for electric power and renewables, as well as provides utility performance services, was another pick from Tengler.

Persons: Nancy Tengler, CNBC's, They've, Tengler, Kif Leswing Organizations: Nvidia, Google, Microsoft, Meta, Investments, Walmart, Carrier, Oracle, Broadcom

☆ USS Harder: Wreck of famed US Navy World War II sub found off the Philippines
▼ + stars: | 2024-05-24 | by ( Brad Lendon | ) edition.cnn.com time to read: +3 min

CNN —The wreck of one of the most storied US Navy submarines of World War II has been found in the South China Sea eight decades after its last patrol, the Navy’s History and Heritage Command said Thursday. “Harder was lost in the course of victory. U.S. Navy archive photo of USS Harder. The NHHC said the wreck of the Harder was confirmed by data provided by the Lost 52 Project, an effort led by Tim Taylor, CEO of Tiburon Subsea, to find the 52 US subs lost in World War II. Harder, which had the motto of “Hit ‘em Harder,” was captained by Cmdr.

Persons: Harder, “ Harder, ”, Samuel J, Cox, NHHC, Tim Taylor, NHHC’s Cox, Samuel Dealey, Dealey Organizations: CNN, Navy, South China, Heritage Command, US Navy, U.S . Navy, Harder, East, US, National, Honor Museum, Honor Locations: South, Philippine, Luzon, Philippines, Bataan, Japanese, Tiburon, Japan, East Indies, Southeast Asia

People enjoy food and drink at an izakaya bar near Yurakucho Station on June 05, 2020 in Tokyo, Japan. Hong Kong stocks led losses in Asia Pacific on Friday after Wall Street tumbled overnight on rate worries, while investors also digested inflation data from Japan. Hong Kong's Hang Seng index fell 1.71%, while mainland China's CSI 300 dropped 1.11% to end at 3,601.48. In South Korea, the Kospi ended 1.26% lower at 2,687.60, dragged by heavyweight Samsung Electronics, while the small-cap Kosdaq lost 0.85% to close at 839.41. Heavyweight chipmaker Samsung Electronics shares fell 3.07% after Reuters reported that the South Korean tech giant's latest high bandwidth memory (HBM) chips are not yet ready for use by U.S. chipmaker Nvidia.

Organizations: CSI, Samsung Electronics, Reuters, South, Nvidia Locations: Yurakucho, Tokyo, Japan, Hong Kong, Asia Pacific, Hong, South Korea, South Korean

☆ Israel faces unprecedented challenges as legal and diplomatic pressure mounts
▼ + stars: | 2024-05-24 | by ( Abbas Al Lawati | ) edition.cnn.com time to read: +7 min

Never before has the Jewish state come under such intense and sustained international pressure from multiple fronts for its policies towards the Palestinians. But the most significant of those may be the legal and diplomatic action taken against Israel this month. They have accused critics of antisemitism and vowed not to relent in the face of international pressure. Israel and the US maintain that a Palestinian state should only be established through a negotiated settlement. This week, Ireland, Spain and Norway announced plans to formally recognize a Palestinian state, saying they hope the move would prod other European nations to follow suit.

Persons: CNN — It’s, Benjamin Netanyahu, Yoav Gallant, Sudan’s Omar Al Bashir, Russia’s Vladimir Putin, Libya’s, Israel’s, ” Netanyahu, Yolanda Díaz, Israel, Netanyahu, Bill Burns, Gallant, CNN’s Christiane Amanpour, Karim Khan, Putin, ”, Ismail Haniyeh, Yahya Sinwar, Mohammed Deif, Antony Blinken, we’re, Lindsey Graham Organizations: CNN, Criminal Court, International Court of Justice, Hamas, United Nations, UN, Assembly, US, CIA, AFP, Getty, ICJ, ICC, Global Locations: Israel, Gaza, Rafah, Palestinian, Ireland, Spain, Norway, Palestine, Europe, Asia, Africa, South America, Germany, Nicaragua, United Kingdom, France

☆ CNBC Daily Open: Dow's worst day in 2024, Nvidia shares pop
▼ + stars: | 2024-05-24 | by ( Abid Ali | ) 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. Dow sinks 600 pointsThe Dow Jones Industrial Average suffered its worst day of the year, dropping over 600 points on Thursday. Nvidia's blockbuster earnings and guidance failed to prop up markets, with more than 400 stocks on the S&P 500 trading lower. Nvidia popsShares of Nvidia soared as much as 11% after the AI chipmaker's earnings that beat Wall Street's estimates. Wall Street analysts are revising their price targets for Nvidia upwards after its blowout earnings and guidance.

Persons: Dow, Musk, Elon Musk, he's, Joe Biden, Tesla, Karen Tso, Brian West, Korea's Kospi Organizations: CNBC, Dow Jones, Boeing, Dow, Nasdaq, Treasury, Nvidia, Nikkei, Bank of Japan, Samsung Electronics, Samsung, CSI, Wall, Microsoft Locations: China, Asia, Pacific, Japan

☆ Japanese stocks are rallying this year. But one key group of investors is missing
▼ + stars: | 2024-05-24 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Japanese stocks are enjoying a banner year, with foreign investors plowing into the market. Japanese investors are hesitant Japanese investors have long been skeptical of the local stock market after the asset price bubble burst in the early 1990s. Another reason Japanese investors may not be as keen on their domestic market could be the yen falling sharply. Outlook for Japanese stocks still strong Despite the recent bout of selling from local investors and the market's recent struggles, many global investors remain bullish on Japanese stocks. This is another "slow-moving but important tailwind to Japanese stocks," with more room to run, according to Zachary Hill, Horizon Investments head of portfolio management.

Persons: Goldman Sachs, Morgan Stanley, Kishida, Julian McManus, Janus Henderson, Bernstein, Zachary Hill, Raymond Chan, Chan, McManus, he's, Warren Buffett Organizations: Japan Exchange Group, Nikkei, Bank of Japan, U.S ., Ministry of Internal Affairs and Communications, Investment, Association, Prime, Nippon, Savings, U.S, Horizon Investments, Federal Reserve, Asia Pacific, Allianz Global Investors, Mitsui, Itochu, Sumitomo Locations: U.S, Japan, Asia

☆ Where Public Housing Apartments Can Go for More Than $1 Million
▼ + stars: | 2024-05-24 | by ( Sui-Lee Wee | Chang W. Lee | ) www.nytimes.com time to read: +1 min

Six decades ago, when Singapore was emerging as an independent nation, it was one of the poorest cities in Southeast Asia. Today, Singapore is a wealthy, modern city where roughly half of its 6 million people live in well-constructed high-rise apartments that were built by the government. These subsidized apartments are typically bright and airy, and defy most perceptions of public housing projects. As of early May, 54 of these apartments have sold for more than 1.35 million Singaporean dollars, or $1 million. While these million-dollar apartments represent a tiny fraction of all transactions, they have nonetheless captured the imaginations of many Singaporeans and amplified worries about the affordability of housing in one of the world’s most expensive cities.

Locations: Singapore, Southeast Asia

☆ Bhutan turns to 'Gross National Happiness 2.0' as crisis deepens
▼ + stars: | 2024-05-24 | by ( Monica Pitrelli | Penny Sadler | ) www.cnbc.com time to read: +2 min

Bhutan's governing philosophy of "Gross National Happiness" has been heralded the world over for balancing economic growth with the well-being of its citizens. But recent discussions of "Gross National Happiness 2.0" by its newly elected Prime Minister Tshering Tobgay suggest that change on some level is underway as the country struggles with an economic crisis that's left it — as Tobgay has said— "teetering on the brink of collapse." But with youth unemployment rates of nearly 30% and about one in eight people living in poverty, has Bhutan reached a point where its quest for national happiness must change? Seen from the successes of the social progress area, we have failed economically." But seen from the successes of the social progress area, we have failed economically."

Persons: Tshering Tobgay, Tobgay, Jigme Singye Wangchuck, we've, We've Organizations: CNBC Locations: Bhutan, Asia

☆ JPMorgan is 'positive' on China stocks and 'constructive' on real estate as Beijing props up markets
▼ + stars: | 2024-05-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

JPMorgan is "positive" on China stocks and "constructive" on its real estate sector as the world's second-largest economy strives to prop up its equity and property markets. JPMorgan's view on China stocks is "tilted in the positive direction," said Wendy Liu, the firm's chief Asia and China equity strategist. Liu, who expects the index to hit 3,900 by the end of the year, said that China market was still "among the cheapest" in Asia Pacific. Mainland China's CSI300 was the third worst performing stock market in Asia, losing 11.38% last year. When asked about the Chinese real estate sector, Liu said it was at an "inflection point," and that JPMorgan was "constructive" on the sector.

Persons: Wendy Liu, Liu, they'll, CSI300, Hong, malpractices . Liu, Wu Qing, Wu, JPMorgan Organizations: JPMorgan, JPMorgan Global China, China Securities Regulatory Commission, People's Bank of China Locations: China, Asia, Jegarajah, Asia Pacific

☆ India and Japan are bright spots in Asia's 'supremely interesting' equity and M&A markets, JPMorgan says
▼ + stars: | 2024-05-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

India and Japan are two bright spots in Asia's "supremely interesting" markets, JPMorgan's Filippo Gori said at the bank's Global China Summit on Thursday, referring to the region's equity as well as deal-making landscape. India, which is very in high demand," Gori, co-head of global banking at JPMorgan, told CNBC. While mergers and acquisitions activity declined globally in 2023, Japan's deal value rose 23% from a year ago to about $123 billion, Bain & Company said in its Japan M&A report. "Japan's economy is uniquely well positioned for growth in M&A," the report said. Last year M&A deal value in India stood at $136 billion, a 27% drop for a year earlier, which was in line with the global decline in M&A activity, according to Deloitte's India M&A trends report.

Persons: Filippo Gori, Deloitte Organizations: Global China Summit, JPMorgan, CNBC, Japan's Nikkei, Bain & Company, Companies, China, Apple Locations: India, Japan, Gori, China

☆ Chelsea Manalo: First Black Filipina crowned as Miss Universe Philippines
▼ + stars: | 2024-05-24 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +3 min

CNN —Filipino American Chelsea Manalo became the first Black woman to be crowned Miss Universe Philippines on Wednesday. Chelsea Manalo will be representing the Philippines at the Miss Universe pageant in Mexico in September. Over 100 countries will be represented at Miss Universe 2024. The Miss Universe organization has come under scrutiny in recent weeks, as the parent company of the Miss USA organization. Both Miss USA and Miss Teen USA resigned from their roles earlier this May, amid allegations of mismanagement, a toxic work environment, and conditions that impacted their mental health.

Persons: Chelsea Manalo, “, ”, Manalo, Gloria Diaz, Margie Moran, Pia Wurtzbach, Steve Harvey, Catriona Gray Organizations: CNN, Chelsea, Miss, Philippines, Miss Universe Philippines, SM, Asia Arena, Miss Universe, TV, YouTube, Miss USA, Miss Teen USA Locations: Filipino, African American, Bulacan, Manila, Asia, Pasay, Philippines, Mexico, TV Philippines, Miss USA

☆ Former TikTok CEO Kevin Mayer says AI hype is at an all-time fever pitch right now
▼ + stars: | 2024-05-24 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

Kevin Mayer, co-founder and co-CEO of Candle Media, speaks at the Milken Institute Asia Summit in Singapore on Sept. 29, 2022. Former TikTok CEO and Candle Media co-CEO Kevin Mayer says the hype around artificial intelligence has reached a crescendo, with company valuations looking "astronomical." "AI provides capabilities that have not yet been seen and are very valuable. But the hype cycle has been dramatic," Mayer said. "I think we'll see a peak of that, of the hype within AI, the valuations, and everyone talking about how it's gonna disrupt every single corner of our economic universe and personal lives."

Persons: Kevin Mayer, Karen Tso, Mayer Organizations: Candle Media, Milken Institute Asia Summit Locations: Singapore, Paris

☆ Asia as a region is 'supremely interesting,' says JPMorgan's Filippo Gori
▼ + stars: | 2024-05-23 | 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 EmailAsia as a region is 'supremely interesting,' says JPMorgan's Filippo Gori"You have Japan, which is on fire. India, which is very in high demand," said Filippo Gori, co-head of global banking at JPMorgan, explaining why Asia as a region is interesting for investors.

Persons: JPMorgan's Filippo Gori, Filippo Gori Organizations: Asia, JPMorgan Locations: Japan, India, Asia

☆ JPMorgan says China is an 'incredibly important place' and cannot be ignored
▼ + stars: | 2024-05-23 | 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 EmailJPMorgan says China is an 'incredibly important place' and cannot be ignoredJPMorgan's Asia-Pacific CEO, Sjoerd Leenart, said that in spite of the rhetoric, a lot of international companies are still investing in China and the country remains an important market.

Persons: Sjoerd Leenart Organizations: JPMorgan Locations: China, Asia, Pacific

☆ Haley will vote for the Trump ‘chaos’ that she once decried
▼ + stars: | 2024-05-23 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Before losing her home state’s primary to Trump earlier this year, Haley lashed out at Republicans who backed Trump despite privately despairing over him. They’re just too afraid to say it out loud.”Now Haley is saying out loud she’s voting for Trump. Haley seeks to preserve her futureThere is every sign that Haley wants to run again for president once Trump finally leaves the stage. Trump has made no effort to appeal to Haley voters during the march to the nomination despite his dire need to court suburban voters. “Rightly or wrongly, chaos follows (Trump),” Haley complained at almost every event.

Persons: Nikki Haley, Donald Trump, ”, couldn’t, Joe Biden, “, ” Haley, Haley, Trump, Biden, —, They’re, Ted Cruz, CNN’s Kaitlan Collins, I’m, Cruz, There’s, Liz Cheney, repudiating, John Bolton, ” Bolton, CNN’s Wolf, Haley –, Ron DeSantis, “ There’s, they’d, Ronald Reagan’s, Bush, Vladimir Putin, Kim Jong Un, “ Trump, CNN’s Jake Tapper, Tapper, Putin Organizations: CNN, South, Trump, United Nations, president’s, Harvard Law School, Democrats, Wyoming, GOP, Vermont, Florida Gov, Republicans, Hudson Institute, Republican, freeloading, NATO, Hampshire Locations: South Carolina, Texas, Washington, Florida, Iowa, Georgia, New Hampshire, Russian, North Korean, Europe, Asia, United States, Columbia , South Carolina

☆ Asia markets in mixed territory after Fed raises concern over 'persistent' inflation
▼ + stars: | 2024-05-23 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

An inflatable bull during a ceremony marking the first day of trading of the year at the Korea Exchange (KRX) headquarters in Seoul, South Korea, Tuesday, Jan. 2, 2024. SeongJoon Cho/Bloomberg via Getty ImagesAsia-Pacific markets were mixed after minutes from the last U.S. Federal Reserve meeting revealed that Fed officials have grown more concerned about inflation, with members indicating they lacked confidence to move forward on interest rate reductions. In Asia, investors will assess flash business activity data from Australia and Japan, as well as Singapore's final first quarter gross domestic figures. South Korea's central bank will be announcing its policy rate decision today. Analysts polled by Reuters expect the Bank of Korea to hold its benchmark lending rate at 3.5%, although a note from ING last week said the meeting will still be closely watched, "as two new members have joined the [BOK's] board since the last meeting and it will be interesting to see if this has changed the view of the board."

Persons: SeongJoon Cho Organizations: Korea Exchange, Bloomberg, Getty Images, Federal Reserve, Reuters, Bank of, ING Locations: Seoul, South Korea, Getty Images Asia, Pacific, U.S, Asia, Australia, Japan, Korea's, Bank of Korea

☆ Sudden container crunch sends ocean freight rates soaring, setting off global trade alarm bells
▼ + stars: | 2024-05-23 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

AFP Contributor | AFP | Getty ImagesA perfect storm in global trade is creating a shipping container capacity crunch, fueling a sudden and surprise spike in ocean freight rates. Xeneta ocean freight rates show the rallying spot market and the widening spread between spot and long-term rates. An increase in ocean freight rejections shows the imbalance. Logistics price increases are ultimately passed onto the consumer and the dizzying freight rates during the pandemic were among factors cited by the Federal Reserve as a cause of inflation. The International Chamber of Shipping, which represents major ocean carriers, did not immediately respond to a request for comment.

Persons: Emily Stausbøll, Stausbøll, Goetz Alebrand, Alebrand, Judah Levine, Freightos, Levine, Wan Hai, HLS, Drewry, Jonathan Gold Organizations: AFP, Getty, U.S ., Xeneta, DHL, Shipping, Americas, DHL Global, CNBC, Federal Reserve, Orient Star Group, MSC, Chamber of Shipping, Honour, Carriers, Maritime Locations: Qingdao, Shandong province, AFP, Asia, U.S . West Coast, U.S, China, Malaysia, Singapore, Panama, Latin America, Europe, Chongqing, East Asia, South America, Africa, U.S . East Coast

☆ Former Malaysia Prime Minister Mahathir says he's 'not involved in corrupt practices'
▼ + stars: | 2024-05-23 | by ( Sumathi Bala | ) www.cnbc.com time to read: 1 min

Malaysia's former prime minister Mahathir Mohamad said he and his family members were not involved in any "corrupt practices." Last month, Malaysia's Anti-Corruption Commission said Mahathir was among individuals being investigated over a corruption probe that involved his sons, according to Reuters. Mahathir's sons — Mirzan and Mokhzani — were in January ordered to declare their assets as part of the investigation. But I myself was not involved in corrupt practices," Mahathir told CNBC's "Squawk Box Asia" on Thursday. "I made sure that even my family cannot be involved in a government business because I might be accused of nepotism."

Persons: Mahathir Mohamad, Mahathir, Mahathir's, — Mirzan, Mokhzani —, CNBC's Organizations: Corruption, Reuters

☆ Alibaba bets on AI to fuel cloud growth as it expands globally to catch up with U.S. tech giants
▼ + stars: | 2024-05-23 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Alibaba on Thursday said it expanded its global cloud computing availability, while the head of the unit's international arm touted the company's AI products as a way to fuel growth. "We want to have ... more efforts and investments for our international data centers," Selina Yuan, President of Alibaba Cloud's international division, told CNBC in an interview on Wednesday. The push for growth follows a turbulent time for Alibaba Cloud, after the division scrapped a planned initial public offering and underwent a management reshuffle. Alibaba's cloud division began to expand internationally in 2015 with so-far mixed results. Amazon , Microsoft and Alphabet -owned Google account for around 67% of global cloud market share, according to Synergy Research Group.

Persons: Selina Yuan, Alibaba, — Organizations: CNBC, Microsoft, Synergy Research Locations: Mexico, Malaysia, Thailand, South Korea, China, Asia

☆ CNBC's Inside India newsletter: The secret of the stock market rally
▼ + stars: | 2024-05-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. "This particular product, and broadly speaking, the domestic investor, has driven the upsurge in the Indian stock markets," Mahesh Nandurkar, head of India research at Jefferies, told CNBC. For instance, of the nearly 4,900 actively traded India-listed stocks, 300 stocks had a fall in revenue in the last two consecutive financial years. Foreign investors have historically had a significant influence on local equity markets. For now, the savings directed into equity markets are still a tiny proportion of the overall savings Indians put away annually.

Persons: it's, Mahesh Nandurkar, Hermes, Jonathan Pines, Deepak Jasani, Jefferies, Nandurkar Organizations: Association for Mutual Funds, SBI Equity, Opportunities, ICICI Prudential, Advantage Fund, Jefferies, CNBC, Federated Hermes, HDFC Securities Locations: India, Japan

☆ How family offices are planning to invest now and in the next 5 years, according to UBS
▼ + stars: | 2024-05-23 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Here's how family offices are investing this year and how they plan to change their allocations in the next five years, according to UBS' Global Family Office Report 2024. Family offices plan to maintain the same allocation for 2024 – at 16%. Real estate Apart from fixed income, real estate was the other big change in how family offices invested last year, according to UBS. But family offices plan to increase the real estate part of their portfolios — to 12% in 2024, according to the report. Elsewhere, family offices are investing in Western Europe – in sectors such as luxury goods and automation, and in Asia Pacific (35%).

Persons: That's Organizations: UBS, Global, –, Globally, Koh Locations: North America, U.S, Western Europe, Asia, Greater China

☆ JPMorgan says China can't be ignored: 'you have to do business there'
▼ + stars: | 2024-05-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

"You can't ignore it, you have to do business there, even if you decide not to do business there, you need to understand what's going on," Leenart said, adding that what happens in China "influences every industry around the world." In terms of purchasing power parity, China currently accounts for 19% of global GDP and 48% of Asia's GDP . China is too big to be sidelined, and investors "have to do business there," JPMorgan Asia Pacific CEO Sjoerd Leenart said Thursday, adding that the country had emerged as the second world power. Given how extensively China is linked with the region, Leenart emphasized that there needs to be "good activity" in China in order to have a buoyant investment banking business. "I think that [China] have a lot to sell to the world, and that product will be needed all over the world," said Leenart, adding that he sees a lot of opportunity in China.

Persons: Leenart, CNBC's, Sjoerd Leenart, We've Organizations: JPMorgan Chase &, CNBC's Sri, Global China Summit, JPMorgan Asia Pacific, Investors, China's National Bureau of Statistics, Reuters, Wilson Locations: New York, United States, China, CNBC's Sri Jegarajah, Shanghai . China, Asia, Japan, South Korea, Taiwan, Vietnam

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