As central banks have stepped in to defend their currencies, Asia’s foreign reserves have decreased this year, with South Korea, Indonesia, and Japan seeing the biggest reductions. By the end of June, foreign reserves in 12 countries—from Japan to India—had… Read More ›
Following a ruling by the nation’s highest court, the central bank of India requested on Monday that lenders provide delinquent borrowers an adequate amount of time to react before labelling their accounts as “fraud accounts.” According to an announcement from… Read More ›
A Japanese corporation has acquired British artificial intelligence (AI) chip manufacturer Graphcore, which was formerly seen as a possible competitor to industry leader Nvidia. Softbank has not revealed the amount it paid, however it is believed to be a significant… Read More ›
According to a Deloitte analysis, the market capitalization of Southeast Asia’s first public offerings (IPOs) fell 71% to $5.8 billion in the first half of 2024. In the first half of the year, there were just 67 initial public offerings… Read More ›
In its worst trade dispute to yet, the European Union is set to apply duties of up to 37.6% on Chinese-made electric car imports starting on Friday, according to EU officials. This move is certain to escalate tensions with Beijing…. Read More ›
Silicon Valley is renowned for developing innovative startups that emerge from garages and grow into enormous publicly listed enterprises that are well-known worldwide. From Google and Facebook to Oracle and Microsoft, aspirational tech pioneers have become millionaires thanks to public… Read More ›
Ooredoo, a telecom company based in Qatar, said CNBC on Wednesday that it complies with all US legislation regarding its new partnership with Nvidia and would continue to have access to cutting-edge technology. Nvidia made its first significant foray into… Read More ›
According to the CEO of the European Investment Bank (EIB), the bank plans to increase funding for European defence projects including drones, satellites, and cyber security. The bank wants to invest an additional 6 billion euros ($6.4 billion) in this area. The… Read More ›
Despite mounting concerns about U.S.-China relations and the overall economic environment, the majority of Chinese firms surveyed recently in the U.S. said they are still enthusiastic about the market’s long-term prospects. According to the China General Chamber of Commerce’s annual… Read More ›
The European Union’s banking watchdog said on Thursday that banks around the EU saw a spike in soured loans to small and medium-sized businesses in the first quarter of the year, despite their continued profitability. The European Banking Authority (EBA)… Read More ›
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