Asia markets fall as bank stocks retreat on Wall Street
Asia markets fall as bank stocks retreat on Wall Street
Asia-Pacific markets saw a sell-off on Wednesday, mirroring moves on Wall Street after a decline in U.S. banks. Shares of and dropped 2%, and dropped 3%. The action came after , including JPMorgan Chase. Last week, Moody's lowered its ratin...
2023-08-16 20:16:51
Fitch warns it may be forced to downgrade dozens of banks
Fitch warns it may be forced to downgrade dozens of banks
In this article A analyst warned that the U.S. banking industry has inched to another source of turbulence — the risk of sweeping rating downgrades on dozens of U.S. banks that could even include the likes of . The ratings agency cut its...
2023-08-16 20:16:46
iPhone battery life worse than when you bought it: What to do
iPhone battery life worse than when you bought it: What to do
If your iPhone battery life seems like it's getting worse, that's because it is. There's a simple explanation. If you've owned your iPhone — or any phone — for more than a year or so and plugged it in daily, it typically begins to lose...
2023-08-16 20:16:41
China economy may miss 5% growth amid property, consumption risks
China economy may miss 5% growth amid property, consumption risks
BEIJING — Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said. The country on Tuesday , which had recently soared to records. Other data for July showed a broad slowdown, w...
2023-08-16 20:16:35
Climate chief: World leaders at risk of ignoring fossil fuel time bomb
Climate chief: World leaders at risk of ignoring fossil fuel time bomb
The head of the world's climate science authority says policymakers are at risk of overlooking a multitrillion-dollar time bomb by pushing ahead with fossil fuel production plans, warning that the cost of inaction is growing "every week, ev...
2023-08-16 20:16:29
SharkNinja NYSE debut shows challenges for China-dependent companies
SharkNinja NYSE debut shows challenges for China-dependent companies
In a year that's featured , home appliance and vacuum cleaner company debuted on the New York Stock Exchange on Monday, after it was spun off from Hong Kong's JS Global Lifestyle. After its listing at just over $30 a share, the stock — tr...
2023-08-07 22:42:39
Indonesia dog market: A ban ends dog and cat meat trade in Sulawesi
Indonesia dog market: A ban ends dog and cat meat trade in Sulawesi
"It's an enormous victory for animal protection and literally the thousands and thousands of dogs and cats that are spared from Tomohon market every month," she said. The traders were given a "small grant" to stop participating in the trade...
2023-08-07 22:42:33
Over a $1 trillion needed for developing nations climate transition
Over a $1 trillion needed for developing nations climate transition
Developing nations will need more than $1 trillion each year to make significant progress in climate transition, according Mari Pangestu, a former World Bank official. "The estimate is like $1 [trillion] to $3 trillion a year for developing...
2023-08-07 22:42:27
Vietnam's EV ownership will see strong growth in 2023, BMI report says
Vietnam's EV ownership will see strong growth in 2023, BMI report says
Vietnam's electric vehicle market appears poised for rapid expansion in the next decade, but there could be significant headwinds blunting that growth. According to BMI Research, a Fitch Solutions research unit, passenger EV sales in the...
2023-08-07 22:42:21
Bank of Japan debated prospects of sustained inflation at July meeting
Bank of Japan debated prospects of sustained inflation at July meeting
The Bank of Japan debated growing prospects of sustained inflation at their July meeting with one board member saying wages and prices could keep rising at a pace "not seen in the past," according to a released on Monday. While th...
2023-08-07 22:42:16
Oil dips after sustained rally bolstered by supply cuts
Oil dips after sustained rally bolstered by supply cuts
Oil prices edged lower following a protracted rally, but retained support from pledges by top producers Saudi Arabia and Russia to extend supply cuts through September. Both global benchmarks notched up their sixth consecutive weekly gains...
2023-08-07 22:42:10
China chipmaker Hua Hong IPO: shares jump 13% in Shanghai debut
China chipmaker Hua Hong IPO: shares jump 13% in Shanghai debut
Shares of Chinese chipmaker Hua Hong jumped 13% at the open during its market debut on Shanghai Stock Exchange's Star Market on Monday, but quickly gave up gains. Hua Hong is China's second-largest chip foundry after . (SMIC). Shares of th...
2023-08-07 22:42:04
Australia urges China to remove all trade restrictions after barley tariffs lifted
Australia urges China to remove all trade restrictions after barley tariffs lifted
On Monday, Farrell said a "range of factors" were at play, with Chinese beer consumers and barley importers "very strongly in favor" of reintroducing Australian barley. The move underscored thawing tensions between Australia and China, foll...
2023-08-07 22:41:59
Nirup Island: A new private island opened near Singapore and Batam
Nirup Island: A new private island opened near Singapore and Batam
Another development, , is scheduled to open during the second phase of the island's opening, with 30 villas for sale, according to a company representative. Westin Hotels Resorts currently operates 12 hotels in Southeast Asia, including one...
2023-08-07 22:41:53
Jailed Putin critic Alexei Navalny handed 19 more years in prison
Jailed Putin critic Alexei Navalny handed 19 more years in prison
Kremlin opposition leader Alexei Navalny was sentenced to 19 more years in prison after being found guilty in a Russian court on a series of charges, his team confirmed Friday. Navalny faced charges of inciting and financing "extremist acti...
2023-08-06 21:01:54