Singapore’s Temasek on hot streak in India as three bets surge on IPOs
Signage for Temasek Holdings Pte during a news conference in Singapore, on Tuesday, July 9,…
Singapore’s Temasek on hot streak in India as three bets surge on IPOs
Signage for Temasek Holdings Pte during a news conference in Singapore, on Tuesday, July 9, 2024. Singapore state-owned investor Temasek’s big bet on China has soured further, as the US and India played a bigger role in generating returns. Bloomberg | Getty Images Singapore state investor Temasek Holdings is on a hot streak in India,…
Trump scaling down U.S.-South Korea drills risks more than just joint military readiness
SEOUL, SOUTH KOREA – AUGUST 7: (L to R) Col. Lee Sung-jun, public affairs director of South Korea’s Joint Chiefs of Staff and Col. Ryan Donald, public affairs director of the United Nations Command (UNC), Combined Forces Command (CFC), and United States Forces Korea (USFK) bump fists during the press briefing for the Ulchi Freedom…
Bitcoin, ether jump as Trump urges Congress to pass crypto Clarity Act
Jonathan Raa | Nurphoto | Getty Images Bitcoin, ether and other cryptocurrencies surged after U.S. President Donald Trump urged Congress to pass a bill expected to boost the sector. Trump also hinted at regulating Hyperliquid, the decentralized exchange that’s been garnering popularity among traders as the home base of “perpetual futures” trading. The Hyperliquid token…
Hyundai reveals new all-electric flagship SUV
Genesis GV90 Courtesy Genesis SAN FRANCISCO — Hyundai Motor’s newest luxury flagship vehicle is an all-electric large SUV called the Genesis GV90. The up to seven-seat EV features a new design direction for Genesis and expands the luxury brand’s lineup to seven vehicles in the U.S., as Hyundai continues to grow its sales domestically. The…
SK Hynix’s South Korean shares surge over 12% on stock buyback
Cfoto | Future Publishing | Getty Images Shares of SK Hynix surged over 12% in Seoul on Thursday after the company announced a massive stock buyback. The company said it is accelerating its 40 trillion won ($28.7 billion) share repurchase and cancellation program, while pursuing a shareholder return expansion to over 50% of cumulative free…
China is defying the global bond yield surge, boosting haven appeal
China’s yuan has strengthened against the U.S. dollar this year. Nurphoto | Nurphoto | Getty Images BEIJING — Chinese government bonds can play an important role in portfolio diversification as they are likely to continue behaving differently from other countries’ debt, strategists say. China’s yields have edged down in recent months even as benchmarks in…
Chip squeeze hits Chinese smartphones as Apple, Samsung gain an edge
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. Chinese brands dominate the Indian smartphone market, claiming four out of the top five spots, as their low-priced and feature-rich phones appeal to the…
Japan exports beat estimates in July as robust chip shipments power fifth straight month of gains
Japan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector. Thicha Studio | Istock | Getty Images Semiconductor shipments continued to power Japan’s exports in July, helping clock the fastest growth since October 2022, beating expectations. Exports growth accelerated for a fifth…
Trump declares ‘economic warfare’ on Iran, threatens its backers
US President Donald Trump delivers remarks during a meeting with cryptocurrency executives in the Roosevelt Room of the White House in Washington, DC, on Aug. 19, 2026. Jim Watson | AFP | Getty Images President Donald Trump said the U.S. will launch what he called the “most crushing economic operation ever taken against any country”…
Treasury, IRS move to restrict refundable tax credits to certain immigrants
The Treasury Department and Internal Revenue Service proposed rules on Wednesday to restrict access to refundable tax credits for certain immigrants. Tax experts say the move would potentially disqualify hundreds of thousands, if not millions, of people — particularly lower earners — from the tax benefits and represents the latest move by the Trump administration…
