HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%
HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in…
China’s biggest problem is a ‘lack of confidence,’ Standard Chartered CEO says
DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows…
China expresses concerns to U.S. over tariffs, sanctions in Beijing talks
China’s financial officials expressed concerns to visiting U.S. Treasury officials about U.S. tariffs, investment restrictions and sanctions set up to…
Lawson shares surge 18% after Japan’s KDDI launches $3.4 billion privatization offer
Shares of Japan’s third-largest convenience store chain Lawson surged 18% it received an offer to go private. The offer would…
China removes state media article on plans to merge bad debt asset managers with sovereign wealth fund
China state media removed a story that initially reported that Beijing plans to merge its largest state-owned bad debt asset…
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence
Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of a “very…
‘Taiwan is China’s Taiwan’: Beijing says Taiwan’s ruling party is not representative of popular opinion
TAIPEI — China dismissed the outcome of Taiwan’s Saturday elections, saying its ruling Democratic Progressive Party does not represent mainstream…
China skeptic Lai Ching-te wins Taiwan’s presidential election
TAIPEI — Taiwan’s ruling Democratic Progressive Party won an unprecedented third-straight presidential term, as incoming leader Lai Ching-te pledged to…
Top Goldman Sachs analyst says the world is moving into a new super cycle
The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to…
A slew of new conflicts could erupt in 2024, analysts say — while the world is watching Gaza and Ukraine
With the eyes of the world on the ongoing wars in Ukraine and Gaza, an unprecedented number of potentially “catastrophic”…
