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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

Standard Chartered Q1 2024 results: Profits rise 5.5%, beat estimates

Despite the forecast-beating quarterly profit, the bank saw its credit impairments worsen in 2024

High bandwidth memory almost sold out for 2025: Nvidia supplier SK Hynix

The Nvidia supplier and the world's second-largest memory chipmaker will begin sending samples of its latest HBM chip

CSuisse may face $36 mn fine over S Korea short-selling, says local daily

The notice was sent to the South Korean and Singaporean units of the bank

India's manufacturing PMI dips marginally to 58.8 in April, shows data

Business optimism improved as firms expected demand to remain buoyant and higher production volumes in the coming 12 months

All ground beef samples test negative for H5N1 bird flu virus: USDA

The US Food and Drug Administration said preliminary results of tests on additional dairy products show pasteurization inactivates the bird flu virus

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

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

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