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'Xenophobia' stalling economic growth in China, Japan and India, says Biden

The IMF forecast last month that each country would see its growth decelerate in 2024 from the year prior, ranging from 0.9 per cent in highly developed Japan to 6.8 per cent in emerging India

Govt bond yields likely to dip tracking US yields on Fed rate stance

The 10-year yield was around the crucial 4.60% mark, while the two-year yield, a closer indicator of interest rate expectations was around 4.95%

US to probe China's Insta360 over patent violation claims by GoPro

GoPro's complaint said Insta360's products, which include action and 360-degree cameras and systems and associated mounting systems and frame, infringe GoPro patents

DBS Group's Q1 results trounce forecasts, another record year expected

Citing robust business momentum as loans grew and both fee income and treasury customer sales reached new highs, net profit jumped 15 per cent from the same period a year earlier to S$2.96 billion

Anthropic launches Claude 3 AI-powered iPhone app to compete with ChatGPT

Anthropic said it can be used by finance teams to generate investment reports, engineering teams working on large bases of code or sales teams collaborating on how to land a large client

Russia assets likely to be seized after lawsuits in nation, US: JPMorgan

A Russian court last month ordered the seizure of funds in JPMorgan accounts after Russian state-owned bank VTB sued to regain its funds blocked abroad

Donald Trump praises New York police raid on Columbia university protesters

Trump comments addressed the spread of student protests against the war in Gaza across the US in recent days, seeking to capitalise on concern over campus unrest

Yen surges against US dollar on suspected intervention by Japan authorities

The difficulty in arresting the yen's slide has been made clear by the speed at which the currency has reversed direction after its spike

Qualcomm's forecast beats estimates as AI drives chip sales in China

After a smartphone slump last year, Qualcomm said that China's Android market - which has become critical to the company - has started to pick up

Asian stocks off to shaky start as US Fed flags delays to rate cuts

Much of Asia is returning from a holiday that had closed markets on Wednesday, though Chinese bond, currency and stock markets remain shut through the rest of the week

Sugar production beats estimates with late pick up in rains raising output

That is down 1.8% from the previous full year, but already above the around 29 million metric tons expected at the start of the current season due to drought in Karnataka and Maharashtra states

Apple set for big sales decline as investors await GenAI in iPhones

Apple earlier this year lost the crown of the world's most valuable company to Microsoft. Its market value stands at $2.68 trillion after the share price declined 11.24% so far this year

Tesla retreats from next-generation gigacasting manufacturing process

Tesla and Musk have said gigacasting helps the automaker reduce costs over the long term. But the process requires large initial investments

Crypto washout sends Bitcoin below $58,000 ahead of Fed's decision

The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000

Mastercard March quarter results: Net revenue rises 10% to $6.35 billion

The payments processor earned $3.31 per share on an adjusted basis, beating estimates of $3.24 a share, according to LSEG data

US rates outlook, dollar clip emerging market local bond returns: Amundi

"That's obviously a big challenge these days as we have seen a repricing in rates," Strigo said during a media briefing, adding he now expected returns of around 5% in local fixed income

Microsoft, Brookfield to partner to develop new wind, solar farms

The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between 2026 and 2030 in the U.S. and Europe, a Microsoft spokesperson told Reuters

US private payrolls increase by 192,000 jobs in April, beat expectations

All industries, with the exception of information, increased hiring last month. Construction led the increase with 35,000 jobs added

Investors wait to see Red Sea crisis in shippers' Q1 revenue numbers

That compares to the pandemic peak of $13,559, at a time when shippers ordered new vessels in a move that later caused overcapacity, according to Stifel analyst Marc Zeck

Govt unlikely to impose export curbs on low-grade iron ore, says report

China typically accounts for more than 90% of overall shipments of iron ore from India which is the world's fourth-largest producer of the steel-making ingredient