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Federal Reserve Board Chairman Kevin Warsh speaks at a news conference at the Federal Reserve in Washington, Wednesday, July 29, 2026. (AP Photo/Mark Schiefelbein)
Deal to buy Orchard Road complex from entity owned by Wharf Real Estate Investment is first by developer’s Singapore investment fund
Deal to buy Orchard Road complex from entity owned by Wharf Real Estate Investment is first by developer’s Singapore investment fund
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After three months of significant acceleration in prices, The Fed's favorite inflation indicator - Core PCE (a measure of price changes in consumer goods and services that excludes volatile food and energy costs) - was expected to slow in June data released today.
Mustafa Suleyman leads development of Microsoft's in-house MAI family of artificial intelligence models. (Photo by Ryotaro Yamada)
Economic growth was weaker than expected in the second quarter while inflation in June held well above the Federal Reserve's goal, the Commerce Department reported Thursday.
Qatar's damaged liquefied natural gas production could take until the first quarter of next year to fully repair, Shell said on Thursday, as the first Qatari LNG tanker in three weeks sailed through the Strait of Hormuz.
Futures rebound (for now) following yesterday’s Fed-induced meltdown as the market is clearly questioning Warsh’s credibility and potential usage of non-standard tools to fight inflation, pushing the yield curve to twist steeper and sending 30Y yields to 2 decade highs (last at 5.22%). Pre-mkt, the yield curve is se…
South Korean market authorities are weighing a more aggressive plan to stabilize the Kospi after July's record selloff sent the main equity index slicing through its 50-, 100- and 200-day moving averages like butter.
Surging operational costs and strained municipal budgets are forcing mainland transit authorities to review long-suppressed fares
Surging operational costs and strained municipal budgets are forcing mainland transit authorities to review long-suppressed fares
Saudi Arabia’s economy has recorded its biggest quarterly contraction since the Covid-19 pandemic as the US-Iran war weighs heavily on the oil sector.
The Bank of England has left its key interest rate unchanged at 3.75%, in line with economists' expectations.
State pension fund’s OCIO push raises fears of market distortion and weaker foreign investor interest
Bae Jae-kyu, CEO of Korea Investment Management and widely regarded as the "father" of South Korea's exchange-traded fund market, said Thursday that single-stock leveraged products tracking Samsung Electronics and SK hynix should be allowed to fade out naturally rather than be forcibly delisted.
Zambia: Economic test looms for next administration
SEOUL, July 30 (Yonhap) -- SK Group Chairman Chey Tae-won purchased a total of 3,620 shares of SK hynix Inc. in the open market, the company said in a regulatory filing Thursday, marking the first such move from the executive.
LONDON (AP) — The Bank of England kept its key interest rate on hold for the fifth time this year on Thursday after a bigger-than-expected drop in the inflation rate last month gave policymakers breathing space to assess the fallout from renewed fighting in Iran.
Chinese makers drive into upmarket segment and catch up with foreign peers in design and engine development
Chinese makers drive into upmarket segment and catch up with foreign peers in design and engine development
The White House seems committed to ecocide. The EU should harness the power of the single market to force it to change course
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SK Group Chairman Chey Tae-won bought 3,620 shares of SK hynix on Thursday, marking his first personal investment in the chipmaker and signaling confidence in its long-term prospects.
Fifa president Gianni Infantino has given the organisation's 211 member federations until September 19 to support a private investment proposal that could provide each association with up to $40 million in funding.
Prosecutor General Alexander Gutsan has dismissed the senior official who spearheaded the Russian government’s wave of private asset seizures since the full-scale invasion of Ukraine, the newspaper Kommersant reported Wednesday, citing sources familiar with the matter.
Regulator action comes amid broader push to strengthen IPO safeguards after rapid market recovery
Regulator action comes amid broader push to strengthen IPO safeguards after rapid market recovery
London’s marine insurance market has expanded the section of the Red Sea it classifies as high risk following renewed Houthi attacks on commercial vessels.
BILLEASE, one of the Philippines’ leading consumer finance and buy-now-pay-later platforms, reported audited consolidated results for the financial year ended Dec. 31, 2025. Revenue grew more than 80 percent to US$151.2 million and net profit reached US$13.6 million, extending Billease’s multiyear track record of pr…
The U.S. military says it has completed what it describes as “a heavy wave of strikes against Iran” conducted in response to an earlier Iranian missile attack on a U.S. base in Jordan.
A customer shops for food at a Tokyo supermarket in 2025. (Photo by Nanami Sato)
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SEOUL, July 30 (Yonhap) -- South Korea's financial regulator said Thursday it plans to carry out additional measures to cool the single-stock leveraged exchange-traded funds (ETFs) "as early as possible."
Housing affordability has become a defining economic issue across much of the world, but the relationship between home prices and incomes differs more than many people realize.
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A taxi operated by Green Smart Mobility (GSM), a VinFast affiliate, travels on a street in Manila on Dec. 10, 2025. The Philippines is seeking to attract electric-vehicle manufacturing investments through a new incentive program. (Photo by Ken Kobayashi)
Beijing has turned more cautious on its growth outlook for second half of 2026, betting on bond funding and infrastructure spending to keep the economy ticking. © Reuters
Buyers in both domestic and international markets submit requests for vessels as the industry’s momentum continues
Buyers in both domestic and international markets submit requests for vessels as the industry’s momentum continues
NTT Docomo Financial Group plans to sell more banking and other financial functions to businesses, aiming to tap into customers of regional banks and other partners, CEO Takashi Hiroi said in an interview.
LONDON — GSK launched a 1.9 billion pounds ($2.52 billion) cost-savings effort on Tuesday to help fund the British drugmaker’s expanded late-stage study roster, as CEO Luke Miels works to deliver on his promise of faster drug development.
Asia and Africa are bastions of support for Gianni Infantino but Fifa’s money has not always been well spent in the regions
More and more tourists from southern Europe – particularly France and Spain – are heading to Sweden to experience a cooler summer, according to new data from the Swedish Agency for Economic and Regional Development.
Microsoft shares jumped in premarket trading while Meta tanked as investors gave differing verdicts on the two tech giants' earnings.
Zhongji Innolight's Chairman and President Liu Sheng, center, attends a listing ceremony with other executives in Hong Kong on July 30. (Photo by Gloria Li)
The Trump administration and tech companies are taking different views of how to respond to the rise of Chinese AI models. (Nikkei montage/Source photos by Reuters and Getty Images)
China’s two-speed economy stems from the shift to new growth engines but the export boom it has created is doing little for jobs or consumption