As civil war pounds Myanmar’s economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach.The orders she and thousands of others churn out for big names including Adidas, H&M and others bring in billions of dollars in export earnings for Myanmar.It is a …
Billionaire Indian industrialist Gautam Adani has been charged with paying hundreds of millions of dollars of bribes and hiding the payments from investors, US prosecutors said on Wednesday.With a business empire spanning coal, airports, cement and media, the chairman of Adani Group has been rocked in recent years by corporate fraud allegations and a stock …
Indian magnate Gautam Adani charged in US over massive bribery scheme Read More »
Global stocks were mostly flat or lower Wednesday while the dollar strengthened ahead of an eagerly anticipated report from artificial intelligence giant Nvidia that showed it crushed its earnings expectations.Following a down day in Tokyo and on European bourses, equities had a choppy session in New York, with the S&P 500 finishing flat.”Now that the …
Dollar strengthens, stocks mostly flat over lack of triggers Read More »
US and European stock markets retreated on Wednesday as investors eagerly awaited results from artificial intelligence giant Nvidia.The dollar firmed against rivals as US president-elect Donald Trump works on completing his cabinet picks, the outlook for US interest rates and the prospect of an escalation in the Russia-Ukraine war.”One of the most highly anticipated days …
Major European and Asian stock markets mostly gained and the dollar firmed against main rivals Wednesday following a positive lead from Wall Street, as all eyes turned to upcoming results from artificial-intelligence giant Nvidia.London was up 0.2 percent in late morning deals as a 20-percent surge in the share price of accounting-software group Sage following …
Stock markets gain, dollar higher before Nvidia earnings Read More »
Stocks fluctuated Wednesday following a positive lead from Wall Street as traders assessed the prospect of an escalation in the Russia-Ukraine war, Donald Trump’s second presidency and the outlook for US interest rates.They were also keenly awaiting the release of earnings from chip behemoth Nvidia later in the day, which many see as a bellwether …
Markets fluctuate as traders weigh geopolitical tensions Read More »
Asian stocks fluctuated Wednesday following a positive lead from Wall Street as traders assessed the prospect of an escalation in the Russia-Ukraine war, Donald Trump’s second presidency and the outlook for US interest rates.They were also keenly awaiting the release of earnings from chip behemoth Nvidia later in the day, which many see as a …
Asian markets fluctuate as traders weigh geopolitical tensions Read More »
It was an unlucky day in the Burmese calendar, farmer Yar Swe Kyin warned her husband in July, begging him not to go out to check on their crops.Hours later he was dead, killed by one of the countless landmines laid by both sides in Myanmar’s three brutal years of civil war.In the evening, “I …
‘An inauspicious day’: the landmines ruining Myanmar lives Read More »
Japan is readying a $65-billion push in microchips and artificial intelligence aimed at reclaiming its status as a global tech leader and meeting the urgent challenges of its ageing, shrinking population.The 10-trillion-yen package, which lawmakers could approve this week, is also seen as preparation for an uncertain world as fears grow of a potential Chinese …
Japan ramps up tech ambitions with $65 bn for AI, chips Read More »
Asian investors struggled Wednesday to track a positive lead from Wall Street as they assess the prospect of an escalation in the Russia-Ukraine war, Donald Trump’s second presidency and the outlook for US interest rates.They were also keenly awaiting the release of earnings from chip behemoth Nvidia later in the day, which many see as …
Asian markets struggle as traders weigh geopolitical tensions Read More »
