Singapore's DBS lifts outlook as wealth business drives hopes
Singaporean bank DBS has raised its earnings guidance for all of 2026, helped by a strong performance in its wealth management business. © Reuters
· DYLAN LOH
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Newest first · UTC+10:00Industry minister says U.S. likely to announce new Section 301 probe by end-Aug.
SEOUL, Aug. 6 (Yonhap) -- South Korea's industry minister said Thursday that the U.S. government is expected to announce the results of its investigation into alleged overproduction under Section 301 of the Trade Act by the end of this month.
· Kim Boram
LG Uplus posts record profit on AI data center growth
LG Uplus posted a record quarterly operating profit in the second quarter as rapid growth in its artificial intelligence data center business and cost-cutting efforts offset a decline in overall revenue, the company said Thursday.
· Jie Ye-eun
US stocks hold near records on hopes of an agreement with Iran
NEW YORK — Stocks meandered to a mixed finish on Wall Street Wednesday and remained close to their records, while oil prices held steady.
· Associated Press
Amundi says AI remains a long-term bet despite sell-off
Aidan Yao, senior investment strategist for Asia at Amundi Investment Institute. He says AI remains a long-term investment theme despite recent market volatility. (Photo by Amy Chew)
· Staff Writer
Oil drops below $80 and gold rises to seven-week high on hopes of Hormuz reopening | The National
Live updates: Follow the latest news on US-Iran war
· Shweta Jain
Cashing in on SpaceX: 'Every chance I get, I'll sell a little more'
Andre Lavoie joined SpaceX in 2009 as an engineer, designing the pressure tanks that help power its rocket. He was paid partly in stock - a common trade-off at start-ups as a hiring incentive.
· Bbcnews
The UAE's best defence in a stress test is its open market | The National
There is a growing need for competition policy to play an expanded role in economic life in the UAE. As companies continue to grow and consolidate, markets are becoming increasingly challenging to penetrate by new market entrants or break new ceilings for existing businesses in no small part due to the dominance of …
· Mohammed Sultan Janahi
25 arrested as Hong Kong police bust loan shark ring charging up to 282% interest rate
Teenagers as young as 13 recruited via social media to intimidate debtors with calls and red paint
· Matthew Cheng
25 arrested as Hong Kong police bust loan shark ring charging up to 282% interest rate
Teenagers as young as 13 recruited via social media to intimidate debtors with calls and red paint
· Matthew Cheng
After coming up empty at the trade deadline, the Braves get sterling starts from Elder, Holmes
Atlanta Braves pitcher Bryce Elder (55) works in the first inning of a baseball game against the Miami Marlins, Wednesday, Aug. 5, 2026, in Atlanta. (AP Photo/Mike Stewart)
· Paul Newberry
Hong Kong stock regulator flags more companies for share concentration
SFC notes 13 cases so far this year, up from total of 15 last year, in warning that lack of public float can lead to high volatility
· Zoe SL Chan
Hong Kong market regulator flags more firms on share concentration
SFC notes 13 cases so far this year, up from total of 15 last year, in warning that lack of public float can lead to high volatility
· Zoe SL Chan
The hidden cost of global flight disruptions
A new survey quantifies the financial and emotional toll of flight disruptions, pointing to a widening gap between passenger rights on paper and passenger experience in practice.
· Eric Napoli, Chief Legal Officer, AirHelp
ABC dismisses complaints over ‘Race Around the World’ Gina Rinehart episode
Warning: Graphic content
· Calum Jaspan
Yellow alert up on Visayas grid as several power plants remain unavailable
MANILA, Philippines — The National Grid Corporation of the Philippines (NGCP) placed the Visayas grid under yellow alert on Thursday, as several power plants continue to remain unavailable.
· Chynna Grace Ong
El Salvador eyes AI, digital identity cooperation with S. Korea
New envoy seeks bigger Korean investment, invites officials and firms to world's first state-backed Bitcoin conference
· Sanjay Kumar
Trump turns economic speech into attack on Democrats after Michigan results
LAS VEGAS (Reuters) -- US President Donald Trump on Wednesday turned a speech about the economy into an attack on progressive Democrats, arguing that their recent primary victories pose a potentially dangerous shift for the Democratic Party ahead of the November midterms.
· Korea Herald
UAE recovery shows fortitude must be built in advance | The National
During the past five months, the UAE and its economy have experienced events that would leave most other countries quite damaged. The Iran war – arguably the Gulf's biggest challenge since Covid-19 – has disrupted energy, shipping and investment as well as shaking confidence across the region. That the UAE’s success…
· The National Editorial
End Of Cheap Food? Five Forces Set To Drive Grocery Bills Even Higher
UBS analysts identified five long-term forces likely to keep global food inflation "structurally higher" above its pre-pandemic average of about 2.5%, crushing consumer hopes that price pressures will simply fade.
· Tyler Durden
Utah allowed to enforce anti-gambling laws on prediction market Kalshi
An ad for the prediction market app Kalshi is displayed on a mobile phone Thursday, April 16, 2026, in Chicago. (AP Photo/Erin Hooley,File)
· Hannah Schoenbaum
Unemployment rises slightly to 4.9% as fresh grads struggle to find jobs
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· lkyu0285
For Taiwan's tech suppliers, space economy could be next growth spark
Engineers of Pyras Technology assemble a CubeSat in a lab at National Central University of Taoyuan in Taiwan. (Photo by Lai Yung-Hsiang)
· Staff Writer
‘Stronger than ever’: Finance chief rejects ‘uninvestable’ Korea claim
Koo cites solid fundamentals, stabilizing markets after Bloomberg column questions investment appeal
· Choi Ji-won
Vessel reports hearing two blasts in Hormuz Strait, UKMTO says
A tanker 9 nautical miles southeast of Oman's Kumzar reported hearing two explosions while transiting the Strait of Hormuz on Wednesday, the United Kingdom Maritime Trade Operations (UKMTO) agency said early on Thursday.
· Middleeasteye
Money, money, money: Trump rakes in the cash from his social media posts
August 6, 2026 — 12:05pm
· Stephen Bartholomeusz
JPMorgan's Jamie Dimon warns of high leverage: 'Somebody will disrupt the market'
JPMorgan Chief Executive Officer Jamie Dimon has warned that leverage across financial markets remained elevated, adding that investors should be mindful that hidden borrowing could amplify market disruptions.
· Lee Ying Shan
What caused a near miss between 2 jets near Tokyo – and what can China learn?
The incident, which at one point saw only 20 metres separating the planes, offers lessons for Chinese regulators and operators, analysts say
· Frank Chen
What caused a near miss between 2 jets near Tokyo – and what can China learn?
The incident, which at one point saw only 20 metres separating the planes, offers lessons for Chinese regulators and operators, analysts say
· Frank Chen
Shares of major Hong Kong insurance, finance firms tumble following report of 20% levy
Prudential, AIA, and HSBC slid following report of the levy, though Goldman Sachs says profit fallout may be limited
· Daisy Wu
Shares of major Hong Kong insurance, finance firms tumble following report of 20% levy
Prudential, AIA, and HSBC slid following report of the levy, though Goldman Sachs says profit fallout may be limited
· Daisy Wu
Qantas long-haul pilots seek more ‘golden days’ in new pay deal
Qantas’ international pilots union and the airline have expressed hope a strike can be averted, after a key union voted in favour of industrial action, as part of years-long negotiations over pay and rostering.
· Chris Zappone
Finance minister voices confidence in economy, vows efforts to stabilize stock market
South Korea's finance minister on Thursday expressed confidence in the country's economy, saying it is achieving "unprecedented" results on the back of solid growth and exports.
· Yonhap
Google-parent Alphabet shakes up AI division
SAN FRANCISCO — Google's head of AI, Demis Hassabis, will step down from his current role to become Alphabet's chief scientist amid a reshuffling at DeepMind that will also include a key engineer's departure.
· Agence France-Presse
Finance minister voices confidence in economy, vows efforts to stabilize stock market
SEOUL, Aug. 6 (Yonhap) -- South Korea's finance minister on Thursday expressed confidence in the country's economy, saying it is achieving "unprecedented" results on the back of solid growth and exports.
· Kim Boram
KRX activates sell-side sidecar for KOSPI on sharp decline
SEOUL, Aug. 6 (Yonhap) -- South Korea's bourse operator on Thursday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) after the index fell sharply, led by tech losses.
· Kim Boram
Louisiana Has The Highest Car Ownership Burden In America
For many Americans, owning a car is a necessity, but the financial burden varies dramatically by state. In the least affordable places, annual vehicle expenses consume nearly one-quarter of the typical household’s income.
· Tyler Durden
Carry trade is powering on as investors sidestep yen’s gains
Emerging-market (EM) carry trades, some of this year’s most popular foreign-exchange bets, are showing resilience even after a joint U.S.-Japan currency intervention dented the appeal of this yen-funded strategy.
· Vinícius Andrade
Jobless rate hits 3-month high in June
MANILA, Philippines — The number of unemployed Filipinos edged up in June, the Philippine Statistics Authority (PSA) reported on Thursday.
· Niña Myka Pauline Arceo
The Dutertes, BPI’s TG Limcaoco, and a very stubborn bank secrecy law
Raphael Reyes/Rappler
· lkyu0285
FIFA back Infantino, apologize for World Cup privatization plan
RABAT, Morocco — FIFA president Gianni Infantino has received the 'full support' of senior directors on Wednesday but world football's governing body apologized for the controversy of the now-shelved plan to open the World Cup to private investment.
· Agence France-Presse
Does Beijing really have the power to lift up the Australian dollar?
Currency traders believe Beijing’s economic policies could give the Australian dollar a boost. Analysts say things are more complex in reality
· Chelsea Yang
Does Beijing really have the power to lift up the Australian dollar?
Currency traders believe Beijing’s economic policies could give the Australian dollar a boost. Analysts say things are more complex in reality
· Chelsea Yang
Meta’s AI model follows rivals in revealing hacks of outside systems
Meta has said that its AI model hacked another company during cybersecurity testing, following on from recent similar announcements by rival companies Anthropic and OpenAI.
· Al Jazeera Staff
How a Hong Kong luxury estate saved HK$1b in renovation cost with tech solutions
Ex-CEO of AsiaWorld-Expo Allen Ha says ‘homegevity’ model of targeted, consistent repairs can spare homeowners major renovation work
· Denise Tsang
How a Hong Kong luxury estate saved HK$1b in renovation cost with tech solutions
Ex-CEO of AsiaWorld-Expo Allen Ha says ‘homegevity’ model of targeted, consistent repairs can spare homeowners major renovation work
· Denise Tsang
Seoul shares start sharply lower on tech losses amid Hormuz hopes
South Korean stocks opened sharply lower Thursday, driven by losses in some big technology companies on Wall Street amid signs of progress on the Strait of Hormuz.
· Yonhap
Inside India newsletter: What's behind India’s rush to sell shares in state-owned firms
Hello, this is Priyanka Salve, writing to you from Singapore.
· Priyanka Salve
Seoul shares start sharply lower on tech losses amid Hormuz hopes
SEOUL, Aug. 6 (Yonhap) -- South Korean stocks opened sharply lower Thursday, driven by losses in some big technology companies on Wall Street amid signs of progress on the Strait of Hormuz.
· Kim Boram