Malaysia’s Anwar faces balancing act on first China trip
Malaysian leader expected to navigate between deepening economic ties and tackling differences in talks with Xi Jinping.
Category Archives: Economy
Alibaba breakup bid raises hopes of end to China’s tech crackdown
Shares in top Chinese tech firms rise after Alibaba plan fuels hopes of letup in regulatory scrutiny of the sector.
China’s rich flee crackdowns for ‘Asia’s Switzerland’ Singapore
Chinese wealth is rushing into the Southeast Asian city-state, prompting unease among some locals.
Cuba’s new parliament will face a familiar economic hangover
Slammed by sanctions, the pandemic, and high inflation, Havana is making piecemeal reforms which may not be enough.
China authorities raid US due diligence firm, detain staff
Raid on the Mintz Group office in Beijing comes as China prepares to hold its annual economic forum.
Crypto founder Do Kwon indicted in US after Montenegro arrest
Co-founder of Singapore-based Terraform Labs faces eight charges, including securities fraud and wire fraud.
Sri Lanka receives first tranche of IMF bailout, says president
Ranil Wickremesinghe says his government will kick off next round of talks with creditors in the third week of April.
TikTok CEO to tell legislators app ‘never shared’ data with China
Shou Zi Chew will testify that app is not an 'agent of China or any other country' amid national security risk claims.
Google launches ChatGPT rival Bard in US and UK
Google chatbot is the latest AI app to churn out essays, poems and computer code on command.
Japan, Singapore, Hong Kong downplay effect of Credit Suisse woes
Asian financial authorities say Swiss lender's takeover not likely to affect stability of local banks.
UBS to buy Credit Suisse for $3.24bn in government-brokered deal
Authorities had been scrambling to rescue Credit Suisse before financial markets reopened on Monday.
Russia may take over Toyota plant in St Petersburg: State media
Russian trade minister quoted as saying transfer of factory 'being considered'.
Global bank crisis fears ease after billion-dollar lifelines
Asian stock markets rise after moves to shore up confidence in troubled banks in Europe and the United States.
Pornhub owner MindGeek bought by Canadian private equity firm
Sale of adult site comes after controversy over hosting of child abuse material and other non-consenual content.
Apple supplier Foxconn plans $200m factory in India, sources say
Source says Taiwan firm will invest more than $200m in the new AirPod plant in the southern Indian state of Telangana.
OpenAI unveils ChatGPT successor with ‘human-level’ performance
GPT-4 capable of passing bar exam with a score in the top 10 percent of applicants, California-based firm says.
Why did Silicon Valley Bank fail and is a financial crisis next?
Economists see Lehman Brothers-style crisis as unlikely despite jitters following collapse of California-based lender.
China’s new premier woos business as Xi doubles down on security
Li Qiang says China welcomes investment and private enterprise despite crackdowns.
US guarantees Silicon Valley Bank deposits amid bank crisis fears
US regulators move to protect depositors amid concerns of broader fallout from second-largest bank failure in history.
Ex-Goldman banker Ng sentenced to 10 years over 1MDB scandal
Ng was last year found guilty of helping his former boss Tim Leissner embezzle money from the sovereign wealth fund.