South Korea’s IPO bust clouds equity markets

A South Korea flag is displayed against skyscrapers and businesses in Gangnam-gu, Seoul. Ann Hermes | Christian Science Monitor | Getty Images South Korea’s equity IPO activity has plummeted this year as efforts to boost corporate valuations run into trouble around governance reforms and the high amount Chaebols, or family-run conglomerates. South Korea saw 15 new listings in…

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Firms move operations from Singapore to Malaysia

A general view of the bumper to bumper traffic as vehicles are seen crossing into Singapore a day ahead before Malaysia closes its borders at the causeway bordering Malaysia’s southern state of Johor Bahru and Singapore on March 17, 2020 in Singapore. Suhaimi Abdullah | Getty Images A raft of companies has been shifting operations…

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Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again?  The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…

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Malaysia and Indonesia block Elon Musk’s Grok due to obscene, non-consensual content

Nikolas Kokovlis | Nurphoto | Getty Images Malaysia and Indonesia blocked access to Elon Musk’s artificial intelligence chatbot Grok over the weekend due to concerns that the tool was being used to generate non-consensual, sexually explicit and obscene content.  Malaysian regulators ordered temporary restrictions be placed on the chatbot from xAI on Sunday following “repeated…

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Hang Seng Index, Nifty 50, Kospi, Nikkei 225

Asia-Pacific markets were set to open higher Monday, after top U.S. and Chinese trade negotiators announced they had reached a framework on several disputed issues, paving the way for U.S. President Donald Trump and Chinese President Xi Jinping to sign off on the terms. U.S. Treasury Secretary Scott Bessent said in an interview with CBS…

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