This year’s rally in Japanese stocks, which has driven the Topix to its highest level in more than three decades, is set to extend as earnings growth, share buybacks and still-low valuations lure buyers.
In February last year, a tiny coffee store with red neon signs opened at Gramercy Park, one of the most idyllic neighborhoods in New York City. The shop, labeled About Time Coffee, soon spawned four other prime locations in downtown Manhattan, peddling iced boba coffee that’s suddenly a trend on TikTok and Instagram.
The cost of making Italy’s classic Pizza Margherita kept rising in April compared to a year ago even if the pace of inflation is slowing for all of its components.
On July 11 last year, Vincent Yang, the founder of Taiwanese battery maker ProLogium Technology Co. met with Emmanuel Macron at the “Choose France” summit the French president was hosting in Versailles. About 10 months later, Yang picked Dunkirk in northern France from 90 sites in 13 countries for the company’s first European plant.
Most African central banks due to decide on interest rates in the next two weeks are set to keep them on hold as decades-high inflation eases after more than a year of tightening.
Australian salaries rose at around half the pace of inflation in the first three months of 2023, suggesting the economy will avoid a wage-price spiral and bolstering the case for the central bank to stand pat in June.
Chinese investors offloaded HK$3.5 billion ($447 million) of Tencent Holdings Ltd. shares this quarter, putting the stock on track for the first three-month net outflow since 2021, according to data compiled by Bloomberg. The selling coincided with a 10% drop in the stock since end-March and likely reflects concerns about China’s sluggish economic recovery. Mainland investors are losing faith after eagerly scooping up the shares during a slump in the second half of 2022. The next cue may come fr
Australia’s wine exports to China could take years to recover fully after any easing of steep tariffs, the head of Penfolds owner Treasury Wine Estates Ltd. said, as frosty ties between the two countries show signs of thawing.
Credit Suisse Group AG’s head of the Philippines Mark Robert Uy is leaving the bank and joining Ayala Corp. in August.
Foreign funds have accelerated buying of Indian stocks, pouring in more than $1 billion in each of the past three weeks, as Asia’s fastest-growing economy is seen as a safe haven amid concerns of a global slowdown.
