US government incentives to promote investments into nascent technologies such as green hydrogen will have a “healthy” impact, even as they risk distorting the trade in electric cars between Europe and the US, Bill Gates said.
South African Finance Minister Enoch Godongwana faces the task of incorporating a credible debt-relief plan for the stricken state power utility in the national budget while stabilizing government finances as record blackouts weigh on the economy.
The memory chip industry is going through a historic decline in demand, with two of the worst quarterly drops on record at the end of last year.
New Zealand unveiled an initial support package to assist with recovery in the aftermath of Cyclone Gabrielle, with ministers reiterating the financial cost will be in the billions of dollars.
Bofa Securities Inc. is predicting more gains for the Indian rupee in the near term, joining Citigroup Inc., as the narrowest trade deficit in a year augurs well for the nation’s external finances.
Standard Chartered Plc plans to hire 300 to 500 staff in Hong Kong this year, in anticipation of an increase in wealth management and lending as the city reopened its borders to mainland China.
The number of people passing through Hong Kong’s airport jumped last month as travel restrictions eased and China reopened borders for the first time since the pandemic began.
Cargo Services Group and JL Enterprises Holdings Ltd., two logistics firms founded by Hong Kong tycoon John Lau, are planning to sell their stakes in EV Cargo.
Chinese lenders followed the central bank by keeping their benchmark lending rates unchanged Monday, with analysts expecting possible reductions in coming months to support the economic recovery.
The sharpest selloff in Korean bonds in five months isn’t denting the confidence of bond bulls, as they wager for a reversal in the coming months on bets the Bank of Korea may be heading for rate cuts amid signs of a slowing economy.
