XTransfer, a cross-border transactions and financial risk management startup backed by D1 Capital Partners, is expanding in Hong Kong to lure merchants as China’s fintech companies emerge from a lull.
Asia’s developing economies led by China are on course for faster growth and moderating inflation this year and next, even as advanced economies are contributing to a darker global outlook, the Asian Development Bank said.
California’s power grid operator says $9.3 billion in new projects is needed over the next decade to support the state’s shift to renewable energy and plug-in cars.
Rents in India’s technology hub of Bangalore have nearly doubled since the start of last year, making it the country’s hottest residential market.
New Zealand businesses remained downbeat in the first quarter as high interest rates and slowing demand push the nation toward recession.
Asian equities are likely to extend their gains as the year progresses, boosted by the region’s relatively better growth prospects and a broadening economic recovery in China.
President Joe Biden downplayed the impact of a surprise OPEC+ announcement that it would slash oil production by more than 1 million barrels per day.
Micron Technology Inc., the US chipmaker that’s facing a cybersecurity review by the Chinese government, said that the investigation isn’t affecting its ability to deliver products.
Asking staff to work from home during job cuts protects their privacy but can also lead to backlash.
Heat-related deaths will multiply 60-fold in the region by the end of this century if greenhouse gas emissions continue to rise unabated, according to a new study.
