Taiwan Semiconductor Manufacturing Co. founder Morris Chang declared globalization for the chip industry over and expressed support for US efforts to limit China’s tech advancement through export curbs and company sanctions.
Foreign investors are likely to raise holdings of Sri Lanka government bonds, betting that a successful deal with the International Monetary Fund next week would unlock more funding to stabilize the nation’s finances, according to Standard Chartered Plc.
Pakistan’s Maqsad raised the nation’s largest funding round by an education technology provider, showing that some startups in the nascent market are attracting investors despite a global venture financing slump.
Glencore Plc boss Gary Nagle said his company is the cheapest way to buy exposure to a coming copper boom as he predicted a renewed spree of dealmaking in the mining industry.
China’s short-term borrowing costs are climbing back toward a two-year high, fueling expectations the central bank will respond with increased cash injections amid global market volatility and difficulties in domestic bond trading.
A net $3 billion was redeemed from USD Coin, crypto’s second-largest stablecoin, from Monday morning through Wednesday in the aftermath of US banking turmoil that buffeted issuer Circle Internet Financial Ltd.
The pullback in bets on peak US interest rates is being mirrored by traders in emerging Asia, bolstering the investment case for bond bulls in the region.
Credit Suisse Group AG isn’t likely to seek more capital and the bank is generally “sound,” according to the chairman of the Swiss lender’s top investor.
Bond investors who had bet that central banks were too hawkish in the face of recession risks should now book profits as this week’s rally is overdone.
A top Indian developer sold 1,137 apartments that cost almost a million dollars each in three days suggesting that wealthy Indians are ramping up realty investments.
