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Fed Chair Powell's US rates warning means headache for rest of the world

China doesn't have such inflation worries, but rise in the premium of US 10-year government bond yields over their Chinese equivalents to a record high has sparked concerns over depreciation of yuan

Toshiba to slash 5,000 jobs in Japan in latest bid to restructure: Report

The Tokyo-based company is downsizing noncore businesses and will book a one-time cost of roughly ¥100 billion ($650 million) as a result, Nikkei reported without saying where it got the information

Foreign investors retreating from emerging markets in Asia, shows data

Overseas investors have sold nearly $2.2 billion worth of equities in the region's emerging markets in April, on a net basis, according to data compiled by Bloomberg that excludes China

US, China public debt to nearly double by 2053 under current policies: IMF

The report projected overall primary deficits would decline to 4.9% of global GDP from 5.5% in 2023, but with substantial risks threatening public finances in many countries

Tesla asks investors to approve Musk's $56 bn compensation package again

In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company's state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13

VinFast Q1 results: Loss narrows $618.3 mn even as car sales fall

The company reported a net loss of $618.3 million in the first three months of this year, decreasing 12.3% from the fourth quarter, the company said in a filing

New SDG guidelines likely to empower impact investors, says JPMorgan

The UN SDGs comprise 17 goals that span everything from the eradication of poverty to ensuring access to clean water. More than $4 trillion will be needed each year to meet the targets

Global regulators want to better prepare funds, investors for margin calls

Regulators spent more than a decade after the 2008 credit crunch shoring up lenders' financial strength, yet a series of shocks outside the banking sector have since put a spotlight on other risks

Morgan Stanley plans biggest round of job cuts in Asia Pacific in years

The final size and timing of the cuts may change, the people said. A media representative for the New York-based bank declined to comment.

President Biden's push for World Bank funds to compete with China stalls

The World Bank's two major lending arms committed a combined $72.8 billion last year, with total cumulative lending since 1945 at nearly $1.4 trillion

SEC targets its own staff's texting, nixes WhatsApp office phones

The regulatory crackdown extracted at least $200 million apiece from Wall Street giants such as Bank of America Corp., JPMorgan Chase & Co and Goldman Sachs Group Inc, while also fining others

Boeing plane's mid-air blowout result of ignorance to safety: FAA panelist

The company is preparing a 90-day plan to overhaul its quality and safety practices in response to the panel's findings

Elon Musk expected to meet with space startups during India visit

India's national space program has had some recent successes. It became the first country to land a spacecraft near the moon's south pole last year and is planning its first crewed mission in 2025

Tesla's market valuation declines below $500 billion as risks pile up

The stock tumbled about 4% to below $154 at one point on Tuesday in New York, bringing this year's drop to some 38%

Hidden billions in Tokyo real estate market lure activist hedge funds

In Japan, there's a huge gap -22 trn yen ($143 bn) by one estimate - between how firms value their real estate assets on their books, versus what those properties would fetch if sold in current market

US industrial production rises for second month on boost from manufacturing

Manufacturing, which accounts for three-fourths of total industrial production, is showing signs of turning a corner after more than a year of sluggish activity, helped by resilient consumer demand

Russia trying to force Ukrainians to abandon their 2nd-biggest city Kharkiv

Russia has set its sights on Kharkiv since the invasion began - and Putin's aim of subjugating Ukraine in its entirety has unlikely changed since then, western officials believe

Reliance Industries tries to sell US crude oil as Russian flows gain

Reliance also attempted to sell cargoes of Murban crude for April-May loading before offering the American oil, the traders said

China's air passenger traffic hits fresh record on New Year boost

Total air passenger traffic reached almost 180 million trips in the first three months of 2024, state broadcaster CCTV said Tuesday, citing data from the Civil Aviation Administration of China

GQG looking to invest around $400 million in ailing Vodafone-Idea

The $2.2 billion share sale, which will start on April 18 and close April 22, has a floor price of 10 rupees (12 cents) per share and a ceiling price of 11 rupees