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Asia Economy

Replacing Gold Exposure With Cryptocurrency Could Prove to be a Costly Error

by Adrian Jhonsan
Replacing Gold Exposure With Cryptocurrency Could Prove to be a Costly Error

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s largest gold exchange-traded fund, believes cryptocurrency is no substitute for …

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Bank of Japan’s decision to relax YCC news shocks markets due to ‘enhanced flexibility’

by Adrian Jhonsan
Bank of Japan’s decision to relax YCC news shocks markets due to ‘enhanced flexibility’

Kazuo Ueda, governor of the Bank of Japan (BOJ). Bloomberg | Bloomberg | Getty Images The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global …

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Categories World

Q2 2023: Samsung’s Earnings Report

by Adrian Jhonsan
Q2 2023: Samsung’s Earnings Report

A Samsung Galaxy Z Fold 5 smartphone, left, a Galaxy Z Flip 5 smartphone during the Galaxy Unpacked event in Seoul, South Korea, on Wednesday, July 26, 2023. Samsung introduced …

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BlackRock partners with Ambani’s Jio Financial as it returns to India

by Adrian Jhonsan
BlackRock partners with Ambani’s Jio Financial as it returns to India

The BlackRock logo is displayed at their headquarters on November 14, 2022 in New York City. BlackRock and Saudi Arabia’s sovereign wealth fund signed an agreement to jointly explore infrastructure …

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Potential Increase in U.S. Regional Bank Failures Anticipated Following Fed Hikes

by Adrian Jhonsan
Potential Increase in U.S. Regional Bank Failures Anticipated Following Fed Hikes

Shark Tank investor Kevin O’Leary predicts the ongoing cycle of U.S. Federal Reserve rate hikes could lead to more regional U.S. bank failures. Fed Chair Jerome Powell said the Fed …

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Oxford warns of potential $500 billion GDP loss for Asia due to pandemic-induced school closures

by Adrian Jhonsan
Oxford warns of potential 0 billion GDP loss for Asia due to pandemic-induced school closures

Elementary students sit inside dividers as preventive measure against Covid-19, as they attend physical classes at Longos Elementary School on Nov. 15, 2021 in Alaminos, Philippines. Ezra Acayan | Getty …

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UOB, a Singapore bank, anticipates moderate improvement in NIM following the Fed rate hike

by Adrian Jhonsan
UOB, a Singapore bank, anticipates moderate improvement in NIM following the Fed rate hike

Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. UOB’s core net profit …

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Categories World

GIC of Singapore reports strong returns despite persistent inflation

by Adrian Jhonsan
GIC of Singapore reports strong returns despite persistent inflation

Signage of Singapore’s sovereign wealth fund GIC is pictured at their office in Singapore July 13, 2023. Edgar Su | Reuters Singapore’s sovereign wealth fund GIC posted robust returns, its …

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Bill to Boost Oversight of Investments in Chinese Tech Approved by Senate

by James Odonell
Bill to Boost Oversight of Investments in Chinese Tech Approved by Senate

Semiconductors are a key focus in the technology trade war taking place between the U.S. and China. William_potter | Istock | Getty Images The Senate overwhelmingly backed legislation Tuesday that …

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Categories Politics

India’s economic growth forecast for 2023 raised by IMF

by Adrian Jhonsan
India’s economic growth forecast for 2023 raised by IMF

Indian shoppers buy colored powder ahead of the forthcoming ‘Holi’ celebrations at a roadside stall in the old city of Allahabad on March 20, 2016. Sanjay Kanojia | Afp | …

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Categories World
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