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Credit Suisse faces 50 billion won South Korea short-sale fine
Credit Suisse faces 50 billion won South Korea short-sale fine
CREDIT Suisse reportedly faces 50 billion won (S$49.4 million) in penalties over illegal short selling in South Korea, where authorities are due to give an update on their broader...
Asia: Stocks rise as Federal Reserve tamps down hike fears; yen leaps
Asia: Stocks rise as Federal Reserve tamps down hike fears; yen leaps
ASIAN stocks and US futures rose on Thursday after the Federal Reserve downplayed risks of an interest rate hike, while the yen was bumpy after another burst of suspected...
Japanese companies struggle with yen’s continued weakness
Japanese companies struggle with yen’s continued weakness
JAPAN’S companies are expressing unusual discomfort with the weak yen, just as the country’s government appears to be stepping in to prop up its tumbling currency.The yen briefly crossed...
Asia’s retail investors hunt for fabled crypto riches
Asia’s retail investors hunt for fabled crypto riches
EVEN after a recent pullback, cryptocurrencies are some of the best-performing assets this year – and demand from Asia-Pacific retail investors has been a major engine of the rally.There’s...
KKR’s earnings rise 20% on strong management fees, annuities business
KKR’s earnings rise 20% on strong management fees, annuities business
PRIVATE equity firm KKR & Co said on Wednesday (May 1) that its first-quarter adjusted net income jumped 20 per cent year on year, driven by strong management and...
NAB’s cash profit falls 13%, to buy back A.5 billion of shares
NAB’s cash profit falls 13%, to buy back A$1.5 billion of shares
NATIONAL Australia Bank on Thursday posted a drop of about 13 per cent in its first-half cash earnings as it grappled with high operating costs and cutthroat competition, but...
Five ways to navigate the AI revolution and market pullbacks
Five ways to navigate the AI revolution and market pullbacks
FEW trends have captured the imagination of investors as quickly and fully as artificial intelligence (AI).
Huawei lab barred by US regulators as part of crackdown on China
Huawei lab barred by US regulators as part of crackdown on China
REGULATORS moved to bar a Huawei Technologies lab from approving telecommunications gear for use in the US and proposed similar moves against other providers deemed a national security threat,...
US holds quarterly debt sale steady, starts buybacks this month
US holds quarterly debt sale steady, starts buybacks this month
THE US Treasury left its quarterly issuance of longer-term debt unchanged on Wednesday (May 1), as widely expected, while announcing that its first program to buy back existing securities...
Apple set for big sales decline as investors await AI in iPhones
Apple set for big sales decline as investors await AI in iPhones
APPLE’S plan to add generative artificial intelligence (AI) to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday (May 2), when...