A risk-on mood fueling this year’s equities rally is likely to falter, with headwinds from bank turbulence, an oil shock and slowing growth poised to send stocks back toward their 2022 lows, according to JPMorgan strategist Marko Kolanovic.
Australia banned TikTok from government-issued devices, joining the growing list of nations concerned about security threats posed by the Chinese-owned social media platform.
Taiwan defended President Tsai Ing-wen’s plan to meet with US lawmakers led by House Speaker Kevin McCarthy on Wednesday in California, as China vowed to take “resolute measures” in response.
About 1.5 million people of working age in Japan are estimated to be living as recluses, with some 20% citing the Covid pandemic for their withdrawal, a government survey showed.
Australia’s central bank paused its almost yearlong tightening cycle, highlighting policy lags and a “substantial” slowdown in household spending while keeping the door open to further interest-rate increases.
Credit Suisse Group AG faced imminent failure if it hadn’t been sold to UBS Group AG in an emergency rescue last month, according to the Swiss central bank.
Former New Zealand Prime Minister Jacinda Ardern will lead the nation’s push for greater safeguards against terrorist and violent content online.
KKR & Co. has closed its largest-ever European buyout fund, giving the investment firm ammunition for deals at a time when private equity is navigating volatile markets.
The Hong Kong Monetary Authority intervened to prop up the local dollar for the first time since February as carry trades against the currency push it past the weak end of its trading band.
Japan is poised to sharply raise its chip-gear spending in an attempt to boost its position in the global semiconductor market, as it tightens exports amid a US-led push to limit China’s tech ambitions.
