Australia’s inflation accelerated faster than expected in April driven by higher fuel and housing prices, snapping three months of cooling and boosting the chance of another interest-rate increase next week.
Turkey’s currency weakened to a record low Wednesday amid concerns about external financing needs, a day after stocks rallied as investors bet President Recep Tayyip Erdogan’s new cabinet could steer the country toward more orthodox economic policies.
South Koreans in Seoul woke up Wednesday to air raid sirens and warnings on their mobile phones to immediately evacuate — only to be told 20 minutes later that it was all a mistake.
PT Amman Mineral Internasional, which owns the second-largest gold and copper mine in Indonesia, plans to raise up to 12.9 trillion rupiah ($860 million) in what would be the country’s largest initial public offering so far this year.
Jamie Dimon, chairman and chief executive officer at JPMorgan Chase & Co., discusses US-China relations, the latest on the debt-limit deal, and the role of artificial intelligence. He speaks with Stephen Engle from the sidelines of the JPMorgan Global China Summit.
Warnings of official intervention may have come earlier than some yen watchers expected, but just like last year they are focusing on the pace of declines in the Japanese currency rather than any specific levels.
Hong Kong’s stock exchange is looking to automate its handling of exchange-traded products in a bid to streamline trading as it plays catchup with Asian rivals.
UBS Group AG’s family office clients have increased allocations to hedge funds as they focus on active ways of managing their money to help navigate the shifting macroeconomic landscape.
Hon Hai Precision Industry Co. expects to at least double revenue in the second half from the sale of servers intended for training and hosting AI services, joining the growing ranks of hardware suppliers riding growing global interest in artificial intelligence.
Norwegian shipping billionaire John Fredriksen has clashed with another tanker company after his tumultuous attempt to buy Euronav NV was abandoned earlier this year.
