Various Chinese financial authorities have commented on the onshore China stock market rout in the last three days, underscoring a familiar Beijing playbook.
Emerging brands grab market share in China and South Korea, forcing established ones to reinvent
The rise of online shopping, social media and easier access to factories are driving the growth of new consumer brands in parts of Asia — putting pressure on traditional industry giants.
BP shares rise 5% after British oil giant announces plans to boost shareholder returns
British oil giant BP on Tuesday announced plans to boost shareholder returns, even after a sharp drop in full-year profits aligned with lower oil prices.
UBS beats earnings expectations, announces up to $1 billion share buyback
Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth $1 billion in the second half of the year.
McDonald’s and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
The Israel-Hamas war and related boycotts hurt Starbucks’ and McDonald’s sales in the latest quarter.
Kremlin declines to comment on Tucker Carlson rumors; Russian war critic’s election bid set to be rejected
The Kremlin has sought to dismiss a political rival of Russian President Vladimir Putin ahead of the March presidential election.
Oil market will face supply shortage by end of 2025, Occidental CEO says
“We’re in a situation now where in a couple of years time we’re going to be very short on supply,” Occidental CEO Vicki Hollub said.
China stocks rise while most Asia markets fall; Australia central bank rate decision in focus
The RBA is expected to hold rates at 4.35%, but investors will be watching out for any signals on the timeline for possible cuts.
‘This stock could double’: Fund manager loads up on shares of two banks amid the volatility
There are opportunities in the banking sector despite a rise in volatility and concern over steep losses at some lenders, according to one fund manager.
Red Sea tensions risk significantly higher inflation, OECD warns
Higher shipping costs could add 0.4 percentage points to consumer price inflation, the Paris-based group said Monday.