Robert Smith, lead singer of English rock band The Cure, said Ticketmaster will give partial refunds after some concertgoers were charged more in service fees than the cost of their seats.
Rajesh Gopinathan resigned his post as the chief executive officer of Tata Consultancy Services Ltd., a surprise move that followed a six-year tenure during which shares of Asia’s largest IT services firm almost tripled.
Hedge funds held the biggest yen-bearish positions in six months last week, a painful trade as the collapse of Silicon Valley Bank suddenly boosted demand for Japan’s currency as a haven.
Saudi Arabia will rely on fiscal loosening to “balance out” the tight monetary policy imported from the US Federal Reserve, a senior government official said, even as turmoil in oil markets injects more uncertainty for the kingdom’s budget.
Australia’s financial stability is sound as its banks remain well capitalized, allowing the central bank to stick with policy tightening, according to Alex Joiner, chief economist at one of the nation’s biggest asset managers.
Baidu Inc. surged more than 14% Friday after brokerages including Citigroup tested the company’s just-unveiled ChatGPT-like service and granted it their preliminary approval.
Asian bank stocks rose after a rescue package for First Republic Bank sparked a rebound in US shares despite ongoing concerns over the health of Credit Suisse Group AG and the collapse of Silicon Valley Bank.
Traders in China were able to access widely used bond price feeds again after an abrupt suspension of the data earlier in the week roiled the $21 trillion market.
Seoul’s biggest annual battery event is a beauty parade of US and European officials lobbying for investment.
The Federal Reserve will most likely raise interest rates by 25 basis points in March as it tries to balance controlling inflation without exacerbating stresses in the banking sector, according to Franklin Templeton’s chief executive officer.
