Asia Business

China on Monday launched an investigation into US chip giant Nvidia for allegedly violating its anti-monopoly laws, a top government agency said, as the two countries race for global chipmaking dominance.Beijing’s state administration for market regulation, the authority on antitrust issues, launched the probe “in accordance with the law,” according to a statement shared online.Nvidia …

China probes Nvidia for ‘violating’ anti-monopoly law Read More »

World oil prices advanced Monday on moves by China to boost its economy as traders tracked an uncertain future for Syria and the wider crude-rich Middle East.Major stock markets diverged as investors reacted to political crises in South Korea and France, and tracked the perspectives for interest rate cuts.Wall Street stocks retreated, with both the …

Oil prices higher on China boost, Syria uncertainty Read More »

Air India has placed an order to buy 100 more Airbus aircraft, the Tata Group-owned carrier said Monday, in a deal aimed at bolstering its fleet and winning over flyers.The airline said the deal consisted of 10 widebody A350 and 90 narrowbody A320 family aircraft.The new purchase, the company said in a statement, is “in …

Air India buys 100 more Airbus aircraft Read More »

Chinese President Xi Jinping and other top leaders said Monday they would adopt a more “relaxed” approach to monetary policy as they hashed out plans to boost the economy next year.The world’s second-largest economy is battling sluggish domestic consumption, a persistent crisis in the property sector and soaring government debt — all of which threaten …

China’s leaders vow more ‘relaxed’ monetary policy in 2025 Read More »

South Korean stocks tumbled Monday as the country was racked with political uncertainty after President Yoon Suk Yeol escaped impeachment following his brief imposition of martial law last week.The retreat came on a tough day for Asian markets despite another record on Wall Street, though Hong Kong bounced in the afternoon after China said it …

Seoul stocks dive on South Korea woes as Asian markets struggle Read More »

Australian police said Monday they are hunting for three suspects over an arson attack on a Melbourne synagogue, designating it a terrorist act.Mask-wearing attackers set the Adass Israel Synagogue ablaze before dawn on Friday, police said, gutting much of the building.Some congregants were inside the single-storey building at the time but no serious injuries were reported.The …

Australian police seek three suspects in ‘terrorist’ synagogue blaze Read More »

Australian police said on Monday they are hunting for three suspects over an arson attack on a Melbourne synagogue, which has been designated as a terrorist act.Mask-wearing attackers set the Adass Israel Synagogue ablaze before dawn on Friday, police said, gutting much of the building.Some congregants were inside the single-storey building at the time but no …

Australian police seek three suspects in synagogue blaze Read More »

South Korean stocks fell more than one percent Monday as the country was racked with political uncertainty after President Yoon Suk Yeol averted impeachment following his brief imposition of martial law last week.The retreat came on a broadly upbeat day for Asian markets despite another record on Wall Street, while traders were also awaiting a …

Seoul stocks drop on S.Korea woes; most Asian markets rise Read More »

China’s retaliatory export controls could take a toll on the growing US clean energy sector and its defense industry, analysts say, as a trade tussle escalates between the world’s two biggest economies.Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials used for everything from semiconductors …

US clean energy, defense to be impacted by China export curbs Read More »

TikTok edged closer to being banned in the United States after it lost an appeal on Friday against a law requiring the video-sharing app to divest from its Chinese parent company by January 19.The potential ban could strain US-China relations just as president-elect Donald Trump prepares to take office on January 20. TikTok said it would …

TikTok closer to US ban after losing court appeal Read More »