The Japanese yen weakened to a near 38-year low late Wednesday, dropping to 160.82 against the U.S. dollar, according to FactSet data.
Trade feuds aside, Chinese firms are committed to the U.S. market, survey shows
A survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long-term despite concerns about U.S.-China relations.
This Southeast Asian city is the world’s most expensive for the super rich — Hong Kong comes second
The price of owning a car in Singapore — the most expensive globally at 2.5 times the average — soared 15% from a year earlier in U.S. dollar terms.
U.S. ambassador accuses China of undermining bilateral ties, Wall Street Journal reports
This comes after ties between the U.S. and China have somewhat warmed after Xi and Biden met in November.
Italy’s Meloni rattled as European Union negotiators agree deal for bloc’s top jobs
The European Union’s three main political groups have come to an agreement on who will hold the bloc’s top jobs, three officials told CNBC.
Britain looks to upstage France with play for world’s third major AI hub after U.S., China
Global tech entrepreneurs and investors are touting the U.K. as a place to invest in when it comes to artificial intelligence. But it faces competition.
Hedge Funds: A Poor Choice for Most Long-Term Investors?
By allocating to a diversified pool of hedge funds, many institutional investors are unwittingly reducing their equity holdings.
The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
For China’s yuan to be used more globally, the currency needs more “applications” such as stocks and bonds, said Bonnie Chan, CEO of the Hong Kong exchange.
Nvidia’s half-a-trillion dollar wipeout leaves global chip stocks volatile
Global semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session.
Asia-Pacific markets mixed as Australia’s inflation climbs; chip stocks track Nvidia rebound
Australia’s headline inflation rate for May is 4%, compared to the 3.6% recorded in April.