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☆ Japan's Nikkei surpasses 1989 all-time high on robust corporate earnings, investor-friendly measures
▼ + stars: | 2024-02-22 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +1 min

Japan's Nikkei 225 hit a record high on Thursday as robust corporate profitability and steps aimed at boosting investor returns fuel a blistering rally in Japanese equities this year. The Nikkei 225 hit 38,924.88, surpassing the previous record high of 38,915.87 reached in 1989. Japan Inc's solid third-quarter corporate earnings have prompted Bank of America equity strategists to upgrade their 2024 year-end forecasts for the Nikkei 225 to 41,000 from 38,500. They raised their forecasts for the Topix to 2,850 from 2,715. The rally has also been supported by a weaker yen, which has shed about 6% against the dollar so far this year and seems on track to drop to to 33-year lows touched late last year.

Persons: outperformers Organizations: Nikkei, Bank of Locations: Asia, Japan

Vcg | Visual China Group | Getty ImagesAsia-Pacific's travel sector is seeing strong growth, with demand for flights set to match pre-pandemic levels this year — thanks to Chinese tourists. The region's travel demand in December 2023 improved to almost 83% of 2019 numbers compared with just 57% in January, according to the International Air Transport Association. Experts believe Chinese tourists will fuel this demand, particularly as they visit Southeast-Asian destinations within the wider region. watch nowTravel demand from Chinese tourists in Southeast Asia saw a notable rise in January, said James Sullivan, head of Asia-Pacific equity research at JPMorgan. Outside of Asia Pacific, the U.S., U.K., South Korea, Japan and Australia were popular holiday spots for Chinese travelers.

Persons: Willie Walsh, CNBC's, James Sullivan, Sullivan Organizations: Visual China, Getty, International Air Transport Association, JPMorgan, ASEAN, Research, Citi, Asia Pacific Locations: Yantai, Shandong Province, China, Southeast Asia, Asia, ASEAN, Thailand, Singapore, Malaysia, Vietnam, Indonesia, U.S, South Korea, Japan, Australia

☆ How this cult Japanese artist’s eerie paintings foretold our digital malaise
▼ + stars: | 2024-02-21 | by ( Christy Choi | ) edition.cnn.com time to read: +10 min

CNN —In the land of Hello Kitty, kawaii (“cute”) culture and the Neo-Pop art of 1990s Japan, Tetsuya Ishida was an outlier. An untitled 2004 acrylic and oil painting by late Japanese artist Tetsuya Ishida from the Gagosian retrospective "My Anxious Self." Ishida, who had gone to art school, worked part-time at a print shop and as a night security guard. Many of the 200 or so paintings Ishida completed in his lifetime portray the gloom of becoming a cog in the economic machine. Another painting entitled "Gripe," painted by Ishidia in 1996, portrays a Japanese salaryman with lobster claws for hands.

Persons: kawaii, Tetsuya Ishida, wasn’t, Japan’s “, Gripe, ”, Gulliver, Tetsuya Ishida's, Gagosian, ” Nick Simunovic, “, ” Gagosian, Simunovic, Ishida, ” Simunovic, Gagosian Ishida, Jacky Ho, ‪, Martin Wong, Ishidia, Cecilia Alemani, ” Ishida, Robert McKeever, Tamaki Saito, didn’t, Sharp, Japan's, claustrophobia, Takashi Murakami, Yoshimoto Nara, ” Alemani, Alemani Organizations: CNN, Asia, Art, San Francisco Asian Art Museum, Venice Biennale, Hong Kong, Christie’s Asia, Japan Inc, dehumanization, Gagosian's, Sony Locations: Japan, Japanese, Japan’s, Gagosian, New York, Venice, Sotheby’s, Christie’s, Tokyo, , York

☆ Rippling CEO Parker Conrad dishes on why the startup is sitting on a massive $750 million war chest
▼ + stars: | 2024-02-14 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

This story is available exclusively to Business Insider subscribers. To this day, Rippling hasn't touched the money it raised in that emergency package, Conrad told Business Insider. Rippling will invest hundreds of millions of dollars from the balance sheet into research and development this year, according to CEO Parker Conrad. Parker Conrad says Rippling hasn't touched any of the venture capital it raised over the last two rounds. Shepherding the startup through this next growth phase is new chief product officer Eisar Lipkovitz, Rippling told Business Insider exclusively.

Persons: Parker Conrad, Conrad, Rippling hasn't, Kleiner Perkins, Rippling, Amy Osborne, Mamoon Hamid, they've, TechCrunch, Eisar Lipkovitz, Lipkovitz, Deel, Melia Russell Organizations: Business, paychecks, Bedrock, Washington Post, JPMorgan, Google Locations: Silicon, San Francisco, Asia, Lyft, Rippling

☆ Gold stays below key $2,000 level as markets temper Fed rate-cut bets
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: +2 min

An employee handles one kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices lingered near a two-month low on Wednesday, trading below the key $2,000-per-ounce level, as a stronger-than-expected U.S. inflation report prompted traders to trim bets for deeper rate cuts by the Federal Reserve. Spot gold was flat at $1,992.21 per ounce (Oz), as of 0429 GMT, after hitting its lowest since Dec. 13 on Tuesday. The next key support level for spot gold is $1,975/Oz as it coincided with the December Federal Open Market Committee meeting where they announced three-quarter point rate cuts in 2024, fuelling a gold rally, said Wong. Traders have lowered their bets from four quarter-point rate cuts for 2024, in line with the Fed's "dot plot" released in December.

Persons: Bullion, Gold, Kelvin Wong, Wong Organizations: Co, Federal Reserve, Asia Pacific, Traders, U.S, Investors Locations: Bangkok, Thailand, OANDA

☆ Airbnb reports better-than-expected revenue and beats on guidance
▼ + stars: | 2024-02-13 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +3 min

Airbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued an optimistic forecast for the current period. Airbnb posted adjusted earnings of $738 million in the fourth quarter. Analysts were expecting $645 million, according to StreetAccount. Airbnb said revenue in the first quarter will be between $2.03 billion and $2.07 billion, while Wall Street was expecting $2.03 billion, according to LSEG. Gross booking value, which Airbnb uses to track host earnings, service fees, cleaning fees and taxes, came in at $15.5 billion in the fourth quarter.

Persons: Brian Chesky, Airbnb, It's Organizations: Airbnb Inc, Hope, Revenue, Hamas, Asia Locations: Atlanta , Georgia, Israel, America

The company forecast first-quarter revenue that would meet or beat Wall Street expectations. However, the pace of bookings growth is likely to “moderate” from the fourth quarter into the first, and the early timing of Easter could hurt growth in the second quarter, Airbnb said. Revenue rose 17% to $2.22 billion, beating the $2.17 billion forecast of analysts in a FactSet survey. Airbnb forecast first-quarter revenue of between $2.03 billion and $2.07 billion. The value of gross bookings, at $15.5 billion, was slightly higher than the $15.2 billion forecast among analysts.

Persons: Airbnb Organizations: Revenue Locations: Italy, Brazil, San Francisco, Asia Pacific, America

☆ AI ‘resurrects’ long dead dictator in murky new era of deepfake electioneering
▼ + stars: | 2024-02-12 | by ( Heather Chen | ) edition.cnn.com time to read: +7 min

“As a member of Golkar, I am very proud of Suharto because he successfully developed Indonesia,” Aksa wrote on X. The Golkar-produced Suharto video was just one of dozens featured in official party campaigns, they said. AI photos made by supporters, have also been used by Ganjar’s party in his campaign. Indonesia’s Communications Ministry issued advisories following several viral AI videos, warning tech companies and voters to be cautious of deepfakes. TAPP (Tim Advokasi Peduli Pemilu), a Jakarta-based nonprofit, said that videos like the Suharto deepfake showed AI’s potential for voter manipulation.

Persons: Suharto, ”, Erwin Aksa, Golkar –, Prabowo Subianto, –, ” Aksa, Golda Benjamin, Ganjar, Darryl Ramadhan, Muhammad Zulfan Dalimunthe, ” Budisatrio, Prabowo’s, Ganjar Pranowo, Anies Baswedan, Anies, ” Anies, TAPP, Tim Advokasi Peduli, Suharto deepfake, Gugum Ridho, Rahmat Pribadi, Suharto Suharto’s, Soe Tjen, Anton Pratama, “, ” Anton Organizations: CNN, Facebook, YouTube, Golkar, Asia Pacific, ”, Gerindra Party, Central Java Gov, Ganjar’s Democratic Party of, Jakarta Gov, Indonesia’s Communications Ministry, Getty, SOAS University of London Locations: Indonesia, Indonesian, Asia, Jakarta, Lubuk Pakam, North Sumatra, AFP, Gugum Ridho Putra, East Timor, Aceh, West Papua, Maluku, Yogyakarta

PepsiCo got a bump to fourth quarter profits thanks in part to lower charges and continued price hikes, but higher prices have weakened consumer demand for the company's snacks and drinks. Volume for Frito-Lay North America fell 2% in the final quarter of the year, and beverages North America in North America slid 6%. Volume fell 8% in the Quaker Foods North America unit, as the division dealt with a recall. Pepsi has wrestled with higher prices and how to pass those costs along, raising prices by double-digit percentages for several quarters. Its profits are up, though higher prices have dragged down sales as people trade down to cheaper brands.

Persons: Quaker Oats Organizations: PepsiCo, New, Zacks Investment Research, Wall, Frito, Lay, Pepsi, Quaker Foods, Quaker Foods North America, Global, Carrefour, Quaker, Lipton, PepsiCo Inc Locations: New York, America, North America, Europe, Asia Pacific, Australia, New Zealand, China, Quaker Foods North, France, Belgium, Spain, Italy, Purchase , New York

☆ India is the new Asia growth story. Here’s why investors are bullish on the outlook
▼ + stars: | 2024-02-08 | by ( Hakyung Kim | ) www.cnbc.com time to read: +7 min

As China's property market and deflation woes continue to rattle investors, India's growth outlook appears all the more impressive. Last year's annual report attributed strong revenue growth partially to expansion in the Middle East, India, and Asia, Krishna wrote. "More than revenue, India is an important area for sourcing talent" as well, Krishna wrote. Growth potential For investors looking to gain exposure to the domestic stock market, Indian equities themselves aren't especially cheap though. "You're paying for the growth potential in India, certainly.

Persons: Morgan Stanley, Chetan Ahya, Ahya, Bernstein, —, Narendra Modi, Bill Fitzpatrick, Fitzpatrick, Quincy Krosby, Venu Krishna, Aecom, Krishna, Tim Long, Long, Simon Coles, Krosby, Jeffrey Gundlach, Gundlach, CNBC's, — CNBC's Michael Bloom Organizations: Investment, Logan Capital Management, Modi, Infrastructure Pipeline, Aecom, Barclays, Cisco Systems, Juniper Networks, India —, Semiconductor, Micron Technology, Qualcomm, Logan Capital Locations: India, China, Asia, Philadelphia, South Carolina . U.S, Dallas, East, Asia Pacific, Japan, Coles , U.S, U.S, IShares

“What we’ve seen with the Taylor Swift tour is something that we’ve not really seen before,” said Richard Clarke, an analyst at investment firm Bernstein. Taylor Swift performs at the Staples Center in Los Angeles in 2015. From Taylor Swift On her birthday in 2019, Swift shared this photo of herself as a child. From Taylor Swift A 13-year-old Swift sings the National Anthem before an NBA game in Philadelphia in 2002. John Mabangalo/Pool/Getty Images Swift performs during a sold-out show at New York's Madison Square Garden in 2009.

Persons: Tokyo CNN —, Taylor, Travis Kelce, Taylor Swift, we’ve, ”, Richard Clarke, Bernstein, “ It’s, TikTok she’d, curating, Kane Ishiyone, Swift, –, Ishiyone, Richard A, Brooks, Clarke, “, that’s, Christopher Polk, Scott, Andrea Swift, Jesse D, Tim McGraw, Kevin Winter, John Mabangalo, Chad Batka, Bryan Bedder, Larry Busacca, Miley Cyrus, Lucas Till, Hannah Montana, Sam Emerson, Everett, Jonas, Frank Masi, I'm, West, Beyoncé, Jeff Kravitz, Lucy Nicholson, Christopher Morris, Josh Haner, Kevin Mazur, James Taylor, Charles Sykes, Matt Sayles, Mark J, Terrill, Invision, Jimmy Fallon, Douglas Gorenstein, Nicholas Harvey, Kanye West, Kim Kardashian, Laraine Newman, Bill Hader, Taran Killam, Kristen Wiig, Keenan Thompson, Fred Armisen, Kerry Washington, Betty White, Bradley Cooper, Dana Edelson, Andrea, Ethan Miller, Tim Boyles, Selena Gomez, Jordan Strauss, Mike Coppola, John Shearer, Andrew Lloyd Webber, Brandon Urie, Katy Perry, Republic Records Jack Antonoff, Aaron Dessner, Will Heath, Seth Wenig, Terence Rushin, David Eulitt, Mitsumasa Etou, Akazawa, haven’t, It’s, Michele Bullock Organizations: Tokyo CNN, People, Kansas City Chiefs, Taylor, Getty, Super Bowl, Chicago Bears, dateline, Vegas, Staples Center, NBA, of Country, Garden, New York Times, New York's Rockefeller Center, Walt Disney Co, Kanye, Madison, MTV, NBC, ACM, Academy of Country, New York's Metropolitan Museum of Art, Universal Pictures, Coachella, Republic Records, New York University, Arrowhead, Chiefs, NET, Tokyo City University, Fuji, Tokyo, Reserve Bank of Australia, Reuters Locations: Tokyo, Las Vegas, Philippines, Fukuoka, Japan, Germany, Austria, Netherlands, Shibuya, AFP, Asia, Washington, Las Vagas, Los Angeles, West Reading , Pennsylvania, Philadelphia, New York, Auburn Hills , Michigan, Newark , New Jersey, Pennsylvania, Frankfurt, London, Arlington , Texas, Tampa, Chicago, Atlanta, Kansas City , Missouri, Asia Pacific, Singapore, Australia, East Coast

☆ Trump hates the bipartisan immigration-Ukraine deal so much that he's falsely claiming he didn't endorse the GOP senator who helped write it
▼ + stars: | 2024-02-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Trump is misleading people about his past support for Republican Sen. James Lankford. Trump endorsed Lankford in 2022, but he's trying to distance himself from him now. Lankford was the lead Republican negotiator for a bipartisan immigration-Ukraine deal that Trump loathes. AdvertisementFormer President Donald Trump took aim at Republican Sen. James Lankford on Monday, falsely claiming he did not previously back the Oklahoman amid a torrent of criticism directed at the bipartisan Ukraine-immigration deal. "I think this is a very bad bill for his career and especially in Oklahoma," Trump told Bongino.

Persons: Trump, Republican Sen, James Lankford, Lankford, —, Donald Trump, Dan Bongino, Sen, Dan Bongino’s, ”, Mike Johnson, Bongino, Tom Coburn, MAGA, Dan, Mitch McConnell, CNN's Jake Tapper Organizations: Republican, Trump, Service, Senate, China, Baptist, Democratic, Republicans Locations: Ukraine, Asia Pacific, Oklahoma, Pennsylvania, Arizona

☆ The US must stop Russia, or China will learn that it pays to use force against America's interests, NATO chief says
▼ + stars: | 2024-02-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Read previewA Russian victory against Ukraine would embolden China, says NATO Secretary-General Jens Stoltenberg. This story is available exclusively to Business Insider subscribers. The NATO chief told Fox News in an interview on Sunday that China could invade Taiwan if Russia wins the war. "While Russia may pose the most immediate challenge, China is the bigger long-term threat," Burns wrote in his article. Representatives for NATO did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Jens Stoltenberg, " Stoltenberg, Putin, Let's, Stoltenberg, Putin doesn't, Shannon Bream, Stoltenberg's, William J, Burns, Wu Qian Organizations: Service, Ukraine, Heritage Foundation, Business, NATO, Fox News, it's, CIA, Affairs, Asia, Business Insider Locations: China, NATO, Europe, Russia, Taiwan, Ukraine, it's Ukraine

☆ Want to cash in on the weight-loss drug boom? Morgan Stanley names 4 global stocks
▼ + stars: | 2024-02-01 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

Under-the-radar stock picks Morgan Stanley reckons the way to play the obesity theme in Asia is through names involved in GLP-1 drug development that "could find upside in burgeoning overseas markets." Calling it "top beneficiary as global demand for GLP-1 drugs significantly outpaces capacity," Morgan Stanley has an overweight rating on the stock. Morgan Stanley has an investment horizon of just over six months for WuXi AppTec and Innovent and over 12 months for Chugai and EBOS. Morgan Stanley's analysts estimate that worldwide sales of Orforglipron could hit $7 billion in 2023. Elsewhere, it sees opportunities for EBOS following the Australian government's approval for it to distribute obesity drugs.

Persons: Eli Lilly, Morgan, Sean Wu, Morgan Stanley's, Health Organization's, Morgan Stanley, Chugai, Goldman, EBOS, CNBC's Michael Bloom Organizations: Novo Nordisk, Health, WHO, BMI, WuXi AppTec, Australian, Hong Kong Stock Exchange, China Health Care, Goldman Sachs, Health Care Equity, Zealand ETF Locations: U.S, Asia, Asia Pacific, Australia, GLP, WuXi, China, Japan, New Zealand, Zealand

☆ China is stepping up to save its economy this year, but the data just doesn't seem to be getting much better
▼ + stars: | 2024-02-01 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

In January, authorities pulled about a dozen moves to stabilize a stock market rout and to support the property sector. But China's economic data isn't encouraging, and investor confidence is still low. Investors are cautiousThe moves gave some support to Chinese markets, but investors are still cautious. China's economic data hasn't been rosy either. Consumer appetite for property is still lowStill, overall consumer appetite for the property market appears to be in the dumps.

Persons: —, Hao Hong, Premier Li Qiang, Hong, Min Lan Tan, Tan Organizations: Service, Bloomberg, Grow Investment, Premier, Reuters, Investors, CSI, Securities Times, Estate Information Corp, Asia Pacific, UBS, Nikkei Locations: China, Beijing, Shanghai, Shenzhen, Guangzhou, Suzhou, Guangxi, Nikkei Asia

☆ Chinese stocks are starting to turn around. How to play it
▼ + stars: | 2024-01-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Chinese stocks ended the week with four straight days of gains — a rare upswing after a dismal start to the year. "Investing in China, you have to have an active strategy," he said, emphasizing the need to focus on industries that receive policy support. All three are listed on mainland Chinese stock exchanges. In the past six months, foreign investors have pulled around $30 billion from mainland Chinese A shares, the report said. Citi analysts also include adidas and Kone in their basket of European stocks with China exposure.

Persons: David Chao, Chao, Pan Gongsheng, Edward Chan, Schelling Xie, Xie, CRRC, —, Peter Alexander, Alexander, — CNBC's Michael Bloom Organizations: Asia Pacific, People's Bank of China, PBOC, . Federal Reserve, Financial Regulatory Administration, CNBC, HSBC, Hong, Citi, adidas, Kone Locations: Asia, Japan, Invesco, China, Beijing, Hong Kong, Shanghai, U.S

☆ China's defense ministry rips NATO and says it's 'like a walking war machine'
▼ + stars: | 2024-01-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

China's defense ministry called NATO "a walking war machine." AdvertisementChina's defense ministry has accused NATO of being a warmonger. "It's fair to say NATO is like a walking war machine, wherever it goes, there will be instability," defense ministry spokesperson Wu Qian said of the military alliance during a press conference in Beijing on Thursday. Wu's comments came in response to journalists' questions about NATO's ongoing military exercise, Steadfast Defender 2024. "NATO is a military organization, the issue of our relationship with China isn't just a military issue," Macron said after a NATO meeting in 2021.

Persons: Wu Qian didn't, —, Wu Qian, Wu's, Wu, Emmanuel Macron, Macron, China isn't Organizations: NATO, Service, Asia, China, Business Insider Locations: Japan, South Korea, Beijing, China, Asia, Atlantic

☆ China is ramping up stimulus to boost market confidence — but is it enough?
▼ + stars: | 2024-01-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Starting Feb. 5, the People's Bank of China will allow banks to hold smaller cash reserves, central bank governor Pan Gongsheng said at a press conference, his first in the role. Cutting the reserve requirement ratio (RRR) by 50 basis points is set to release 1 trillion yuan ($139.8 billion) in long-term capital, the central bank said. A 2 trillion yuan boost? Chinese Premier Li Qiang on Monday called for much stronger measures to boost market stability and confidence, according to an official readout. Chinese authorities in October already announced the issuance of 1 trillion yuan in government bonds, alongside a rare increase in the deficit.

Persons: Gongsheng, Pan Gongsheng, Tao Wang, Ting Lu, a, Lu, Wang, Stocks, Winnie Wu, That's, Li Qiang, Pan, Philip Yin, David Chao, Pan's Organizations: People's Bank of China, State Administration of Foreign Exchange, Financial, Getty, Visual China, People's Bank of, UBS Investment Bank, Wednesday, National Financial Regulatory Administration, UBS, Bank of America's, Bloomberg, PBOC, Citi, U.S, Asia Pacific, CNBC Locations: BEIJING, CHINA, Beijing, China, People's Bank of China, Asia, Hong Kong, capitulating, Japan, Invesco

☆ UK's trade commissioner for APAC on the country's accession to CPTPP
▼ + stars: | 2024-01-25 | 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 EmailUK businesses have increased interest in APAC as growth is here: UK's trade commissioner for APACMartin Kent, UK's trade commissioner for Asia Pacific talks about the economic benefit of the country's accession into the CPTPP trade deal.

Persons: APAC Martin Kent Organizations: APAC, Asia Pacific

☆ Taiwan faces economic uncertainty as tensions with China are set to rise after DPP victory
▼ + stars: | 2024-01-24 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

watch nowAmundi warned a possible temporary economic blockade of Taiwan could alarm the markets. Political status quo, economic worriesChina has dismissed the outcome of Taiwan's elections, saying the DPP does not represent the mainstream public opinion. On Jan. 13, Taiwan delivered an unprecedented third presidential term to the ruling DPP's Lai, considered a China skeptic. Loss of legislature to temper DPP stanceThe DPP won the presidency, but it lost its majority in the the Legislative Yuan — Taiwan's parliament. Teneo's Wildau said Beijing was likely to continue refusing official dialogues with the DPP presidential administration, but could pursue conversations with KMT leaders.

Persons: Managment, Alicia Garcia Herrero, Nataxis, Gabriel Wildau, Teneo, Lai Ching, DPP's Lai, Wildau, Lai, Tsai, Mr Lai's, Yuan —, Yuan, Herrero, Teneo's Wildau Organizations: Bloomberg, Getty, Democratic Progressive Party, Taiwan, Asia, DPP, Economist Intelligence Unit, KMT, Taiwan People's Party Locations: Taipei, Taiwan, China, Beijing

☆ 25 experts calculated the scenarios they think could play out in the US-China relationship. All the results are bleak.
▼ + stars: | 2024-01-22 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

Read previewThe future of US-China relations looks grim, according to a new report by a group of 25 experts on both countries. And US scientists might find a mysterious avian flu in China, while China detains five Americans on accusations that they broke the law. Advertisement"Instead, the war scenario is a scenario of increasing crises leading to increasing distrust in diplomatic solutions," he said. 2) A zero-sum bloc gameOr US-China trade could fall to all-time lows by the late 2020s, with competition ramping up over AI, quantum computers, and other technology, the analysis said. Seyle emphasized that the analysis isn't presenting forecasts, but theoretical scenarios that hit areas of concern in broad strokes.

Persons: —, Trump, Pax Sapiens, Conor Seyle, BRICS, Saudi Arabia —, calculatingly, Seyle, Ren Libo, Adam Kahane of Organizations: Service, Business, Obama, People's Liberation Army, Observers, Pentagon, Pax Sapiens, WTO, Grandview Institute, Adam Kahane of Massachusetts, Reos Partners Locations: China, Beijing, Washington, Taiwan, Taipei, Pax, Europe, Asia Pacific, Brazil, Russia, India, Saudi Arabia, America, Africa, United States, Latin America, Southeast Asia, US

☆ Here's Morgan Stanley's 'conviction list' of global dividend stocks
▼ + stars: | 2024-01-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

Dividend stocks in the Asia-Pacific beat the broader market in the fourth quarter of 2023 — bucking the trend in other regions. According to Morgan Stanley, the MSCI Asia Pacific ex Japan High Dividend Index outperformed the MSCI Asia Pacific ex Japan index by 1.76% in the fourth quarter last year. For the Asia-Pacific ex Japan region, Morgan Stanley produced a screen of what it called its "conviction list" of dividend stocks, using these criteria on a 12-month forward-looking basis: Likely to outperform the MSCI Asia Pacific ex Japan High Dividend Index. Low risk of having dividend cuts, as rated by Morgan Stanley analysts. Here are some stocks that appeared in Morgan Stanley's screen.

Persons: Morgan Stanley, Morgan, — CNBC's Michael Bloom Organizations: MSCI Asia, Asia, Fed Locations: Asia, Pacific, MSCI Asia Pacific, Japan, Asia Pacific

☆ Fears of prolonged Red Sea shipping crisis fuel inflation fears, as oil, retail cargo delays rise
▼ + stars: | 2024-01-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +8 min

"If so, we expect the soaring freight rates and equipment shortage will continue till the third quarter," it advised clients. This would be on top of the revenue lost by diverted container vessels which are required to pay between $500,000-$600,000 per transit. "However, given the longer transit times vessels are experiencing, the market may face a shortage of empties across Asia until sailings normalize." Evelyn Fornes, Home Depot spokeswoman, said it is working with logistics carriers to find alternate routes to limit any impact from the Red Sea conflict. East Coast freight rates soar While freight rates for U.S. West Coast ports have yet to spike, freight rates for the East Coast and Gulf are up.

Persons: Folden, Shell, Jean, Charles Gordon, Nyttingnes, Torm, Euronav, Tom, Hafnia, Andy Lipow, Kuehn, Nagel, Ami Daniel, Goetz Alebrand, Stephen Schwarz, Paolo Montrone, Kuehn + Nagel, Alan Baer, Baer, Evelyn Fornes, Fornes, Lane Organizations: Galaxy, Houthis Media, Getty Images, Anadolu, Getty, U.S, Clarksons Securities, Honour Lane Shipping, Wall Street, Shell, Suez, Authority, Lipow Oil Associates, Logistics, CNBC, DHL Global, Asia Pacific, Kuehn, USA, Home, Costco, Walmart, Home Depot, Volvo, Michelin, Ikea, East, U.S . Locations: Iran, Yemen, Anadolu, Hafnia, Ardmore, Suez, Israel, Americas, Asia, Europe, Wells Fargo, Red, U.S, East Coast, U.S . West Coast, Gulf, East, West, West Coast

☆ Nearly 40% of workers like their jobs enough to turn down a promotion, a new report says
▼ + stars: | 2024-01-17 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Amsterdam-based Randstad's annual Workmonitor report, released Wednesday for 2024, found that 39% of workers don't want to be promoted because they like their current jobs. Related stories"This means people's motivation at work is not necessarily just driven by promotions," Randstad CEO Sander van 't Noordende told Business Insider. "They must also realize that career progression and maintaining a healthy personal life are intertwined and need to be balanced."

Persons: —, Sander van, Gen, van, Noordende Organizations: Service, Business, Employers Locations: Amsterdam, Europe, Asia Pacific, Americas

☆ Morgan Stanley names global 'alpha' stock ideas for January — and gives one 50% upside
▼ + stars: | 2024-01-16 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

Asian markets may have had a rocky 2023, but those looking for pockets of opportunities in the region can look to Morgan Stanley's selection of "alpha" stocks. Another top stock that Morgan Stanley is overweight on is the Singapore-headquartered United Overseas Bank . Here are 10 stocks from Morgan Stanley's full list of top overweight-rated stocks for January. Notable bottom-ranked stocks Morgan Stanley also named its "notable bottom-ranked stock ideas." These factors "should result in a wider discount to peers like Telstra ," the investment bank's analysts wrote.

Persons: Morgan Stanley's, Morgan, Morgan Stanley, Michael Bloom Organizations: Alpha, Asia, SK Telecom, Korea, United Overseas Bank, ASEAN, Morgan, TPG Telecom, Telstra Locations: Asia, Pacific, Japan, Asia Pacific, Korean, Singapore

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