HSBC setting up $1 bln growth fund to scale up digital platform businesses in Southeast Asia

wsj.com/economy/central-banking/bank-of-japan-holds-rates-steady-expects-inflation-to-stay-around-2-76f50174

Apr 26

Bank of Japan Holds Rates Steady, Expects Inflation to Stay Around 2%: The Bank of Japan kept its interest-rate target unchanged, a month after it made its first ...

3

Apr 18

Hedge Funds Sound Alarm Over Default of China Education Firm XJ, Previously Hope: Hedge funds and other international investors are sounding alarms after a ...

bloomberg.com/news/articles/2024-04-18/hedge-funds-cry-foul-over-chinese-education-firm-s-default

11

Apr 26

South Korea's public finances no longer a credit rating 'strength', Fitch says: South Korea's public finances are no longer a strength for its sovereign credit ...

reuters.com/markets/asia/south-koreas-public-finances-no-longer-credit-rating-strength-fitch-says-2024-04-26/

ft.com/content/096fef79-df19-4cf4-9502-a4154550eafc

13

6 0

fttechnews Apr 25

China’s edge in flying cars and an Asian tag-team in AI: The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

1

Apr 23

Asia is most climate disaster-impacted region, UN meteorological agency says: Asia was the world's most disaster-hit region by climate related hazards last year ...

reuters.com/world/asia-pacific/asia-is-most-climate-disaster-impacted-region-un-meteorological-agency-says-2024-04-23/

19

Apr 25

Hermes Defies Luxury Slowdown With Sales Jump in Asia: Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a ...

bloomberg.com/news/articles/2024-04-25/hermes-defies-luxury-slowdown-with-sales-jump-in-asia

51

Apr 24

Boeing aims to bring flying cars to Asia by 2030: TOKYO -- U.S. aircraft manufacturer Boeing plans to enter the flying car business in Asia by 2030 ...

asia.nikkei.com/Business/Transportation/Boeing-aims-to-bring-flying-cars-to-Asia-by-2030

22

Apr 23

Unstable nuclear-waste dams threaten fertile Central Asia heartland: Dams holding vast amounts of uranium mine tailings above the fertile Fergana valley in ...

reuters.com/world/asia-pacific/unstable-nuclear-waste-dams-threaten-fertile-central-asia-heartland-2024-04-23/

17

Apr 21

China Is Front and Center of Gold’s Record-Breaking Rally: Gold’s rise to all-time highs above $2,400 an ounce this year has captivated global markets. China ...

bloomberg.com/news/articles/2024-04-21/china-is-front-and-center-of-gold-s-record-breaking-rally

27

Apr 18

China Reiterates Need for Steady Yuan (CNY USD) as Dollar Strengthens: China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar ...

bloomberg.com/news/articles/2024-04-18/china-reiterates-need-for-steady-yuan-amid-fragile-confidence

13

Apr 19

Standard Chartered Offers 10% Deposit Rate in Hong Kong to Draw China Cash: Standard Chartered Plc is offering short-term deposit rates of as high as 10% as the ...

bloomberg.com/news/articles/2024-04-19/stanchart-dangles-10-deposit-rate-in-hk-to-draw-china-cash

14

Apr 22

Japan and India to be next AI hotspots: Vinod Khosla: PALO ALTO, California -- Artificial intelligence innovations are diverse, and related business ...

asia.nikkei.com/Business/Technology/Japan-and-India-to-be-next-AI-hotspots-Vinod-Khosla

40

Apr 25

South Korea Q1 GDP growth smashes estimates, but outlook's uncertain: The South Korean economy grew at the fastest pace in more than two years in the first ...

reuters.com/markets/asia/south-korea-q1-gdp-13-qq-beating-forecast-2024-04-24/

Quick Glance: South Korea Q1 GDP Growth Exceeds Estimates

The South Korean economy grew faster than expected in the first quarter, driven by an increase in domestic consumption and robust exports. However, the sustainability of the recovery was questioned.

GDP for the January-March quarter grew by 1.3%, marking the sharpest expansion since the fourth quarter of 2021 and surpassing all forecasts.

Growth in domestic demand was the main factor behind the stronger-than-expected GDP, with private consumption increasing by 0.8%. Analysts expressed uncertainty regarding the long-term strength of economic growth.

Despite a rebound in exports and an increase in government spending, uncertainty remains regarding inflation outlook and monetary policy, as the Bank of Korea reconsiders its economic growth projections for 2024.

16

Apr 23

UBS Upgrades China Stocks to Overweight, Cuts Taiwan and Korea: UBS Group AG raised its recommendation on a key Chinese stock index to overweight in a rare ...

bloomberg.com/news/articles/2024-04-23/ubs-upgrades-china-stocks-to-overweight-cuts-taiwan-and-korea-lvboqewq

1 similar article

62

2 2

wsj.com/economy/south-koreas-economy-posts-stronger-than-expected-growth-1b965cab

Apr 25

South Korea’s Economy Posts Stronger-Than-Expected Growth: Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption ...

1

Apr 23

China's EV strategy of going small and cheap to pay big dividends in Asia: Russell

reuters.com/world/china/chinas-ev-strategy-going-small-cheap-pay-big-dividends-asia-russell-2024-04-23/

36

Apr 23

Thai PM asks top banks to lower interest rates to help economy: Thailand's Prime Minister Srettha Thavisin on Tuesday said he had asked the country's four ...

reuters.com/markets/asia/thai-pm-asks-banks-top-lower-interest-rates-help-economy-2024-04-23/

27

Apr 16

China’s Growing Plastics Dominance Is Squeezing Out Asian Rivals: China’s rapidly expanding petrochemicals industry is making life increasingly difficult for ...

bloomberg.com/news/articles/2024-04-16/china-s-growing-plastics-dominance-is-squeezing-out-asian-rivals

1 similar article

19

3

wsj.com/economy/singapore-economy-likely-to-strengthen-this-year-but-faces-long-term-pressures-2f77cc89

Apr 26

Singapore Economy Likely to Strengthen This Year, But Faces Long-Term Pressures: Singapore’s central bank said growth could be driven by the global electronics ...

1

20h

Sri Lanka approves IMF-backed law to seize proceeds of crime: Sri Lanka has approved a new law backed by the International Monetary Fund (IMF) allowing the state ...

reuters.com/world/asia-pacific/sri-lanka-approves-imf-backed-law-seize-proceeds-of-crime-2024-04-26/

1 similar article

11

5 0

wsj.com/economy/global/imf-warns-surge-in-u-s-china-debt-could-have-profound-impact-on-global-economy-c3758d81

Apr 17

IMF Warns Surge in U.S., China Debt Could Have ‘Profound’ Impact on Global Economy

15

6h

What Was Your First Job Like? Advice For Graduating Students In US: As college graduation season nears, millions of students are preparing to enter the workforce ...

bloomberg.com/news/articles/2024-04-24/what-was-your-first-job-like-advice-for-graduating-students-in-us

1

Apr 23

Spot the difference: Hong Kong chef's tattered tee resembles $1,500 Balenciaga top, says netizen

asiaone.com/lifestyle/spot-difference-hong-kong-chefs-tattered-tee-resembles-1500-balenciaga-top-says-netizen

434

Apr 18

Thailand, Kazakhstan Agree on Visa Waiver Pact to Boost Tourism: Thailand will sign a permanent bilateral visa waiver agreement with Kazakhstan next week ...

bloomberg.com/news/articles/2024-04-18/thailand-kazakhstan-agree-on-visa-waiver-pact-to-boost-tourism

6

2h

Chinese firms are expanding in South-East Asia: This new business diaspora is younger, better-educated and ambitious

economist.com/asia/2024/04/25/chinese-firms-are-expanding-in-south-east-asia

34

Apr 24

Orsted says Taiwan wind project to power TSMC on track for 2025 finish: Denmark's Orsted , the world's biggest offshore wind farm developer, said on Wednesday a ...

reuters.com/business/energy/orsted-says-taiwan-wind-project-power-tsmc-track-2025-finish-2024-04-24/

20

Apr 16

China GDP Latest: Factory-Led Growth Complicates Relations With US, Europe: I’m Katia Dmitrieva, Asia economics correspondent in Hong Kong. Today ...

bloomberg.com/news/newsletters/2024-04-16/china-gdp-latest-factory-led-growth-complicates-relations-with-us-europe

8

Apr 24

China Tells Brokers to Limit Exposure to ‘Snowball’ Derivatives: China is moving to curb “snowball” derivatives after brokers hiked returns to near-record levels ...

bloomberg.com/news/articles/2024-04-24/china-tells-brokers-to-limit-exposure-to-snowball-derivatives

4

Apr 25

Singapore's Temasek and BlackRock venture closes $1.4bn climate fund: SINGAPORE -- A joint venture between Singapore state investor Temasek Holdings and ...

asia.nikkei.com/Spotlight/Environment/Climate-Change/Singapore-s-Temasek-and-BlackRock-venture-closes-1.4bn-climate-fund

20

Apr 23

Morning Bid: Risk asset resilience, Indonesia's rate call: A look at the day ahead in Asian markets.

reuters.com/markets/asia/global-markets-view-asia-graphic-pix-2024-04-23/

13

Apr 23

South Korea's economy likely saw steady economic growth in Q1: Reuters poll: South Korea's economy likely grew 0.6% last quarter, maintaining the same pace of ...

reuters.com/markets/asia/south-koreas-economy-likely-saw-steady-economic-growth-q1-2024-04-23/

15

Apr 24

UK Foreign Secretary’s Visit to Central Asia and Mongolia: An Urgent To-Do List

thediplomat.com/2024/04/uk-foreign-secretarys-visit-to-central-asia-and-mongolia-an-urgent-to-do-list/

5

Apr 23

How China Can Keep the Global Electric Vehicle Market Aloft: BloombergNEF expects the country’s plug-in car sales to approach 10 million this year.

4

Apr 17

Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources say

28

Apr 18

Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up: Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium ...

bloomberg.com/news/articles/2024-04-18/swiss-watch-exports-plunge-as-china-and-hong-kong-demand-dries-up

3

Apr 20

Philippines Says South China Sea Deals Are No Longer Valid: Any behind-the-scenes deal between China and the previous Philippine administration over the disputed ...

bloomberg.com/news/articles/2024-04-20/philippines-disowns-alleged-deal-with-china-on-disputed-sea

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6

3 3

The Sydney Morning Herald

B+

Apr 22

The green energy ‘big bets’ Australia needs to go after: Sun Cable cofounder: Sun Cable’s cofounder wants Australia to think bigger about the green energy switch ...

smh.com.au/business/the-economy/the-green-energy-big-bets-australia-needs-to-go-after-sun-cable-cofounder-20240419-p5fl8z.html

91

Apr 18

Apple plans to invest more than $250m to expand Singapore campus: SINGAPORE (Reuters) -- Apple plans to invest more than $250 million to expand its ...

asia.nikkei.com/Business/Technology/Apple-plans-to-invest-more-than-250m-to-expand-Singapore-campus

26

Apr 16

China's economy grew 5.3% in the first quarter, beating expectations: On a quarter-on-quarter basis, China's GDP grew 1.6% in the first quarter ...

cnbc.com/2024/04/16/chinas-q1-gdp-grew-5point3percent-in-the-first-quarter-beating-expectations.html

332

Apr 11

Rate Cut Odds Wane in Emerging Asia as US Inflation Speeds - Bloomberg: Asian central banks may have to consider the possibility of fewer or no rate cuts this ...

bloomberg.com/news/articles/2024-04-11/rate-cut-odds-wane-in-emerging-asia-as-us-inflation-speeds

5

Apr 18

IMF tells Asian central banks not to follow Fed too closely: The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation ...

reuters.com/markets/imf-tells-asian-central-banks-not-follow-fed-too-closely-2024-04-18/

14

Apr 22

What to do about the EU’s relative decline: The European Union will be marginalised if it continues to shrink compared to other parts of the world ...

reuters.com/breakingviews/what-do-about-eus-relative-decline-2024-04-22/

Quick Glance: Addressing the EU's Relative Decline

The EU faces marginalization if it continues to shrink compared to other parts of the world.

There are two ways to look at the EU's relative decline: living standards and power.

The EU is dealing with different threats from aggressive Russia, China, and the United States.

To tackle the challenges, the EU needs to strengthen its single market, invest in key industries, and focus on future technologies.

10

Apr 19

Four innovations helping to green the fashion industry: Sustainability and cost concerns are seeing global secondhand clothing sales soar ...

weforum.org/agenda/2024/04/secondhand-clothes-sustainable-fashion-circular-economy/

76

Apr 15

Five Things You Need to Know to Start Your Day: Asia: Good morning. Tensions simmer in the Middle East. US stocks fall below key threshold ...

bloomberg.com/news/newsletters/2024-04-15/five-things-you-need-to-know-to-start-your-day-asia

8

Apr 15

China Real Estate Crisis: Private Builders Face $553 Billion Gap to Finish Homes: Chinese private developers face a 4 trillion yuan ($553 billion) funding gap to ...

bloomberg.com/news/articles/2024-04-15/china-real-estate-crisis-private-builders-face-553-billion-gap-to-finish-homes

19

Apr 11

All About Thai PM’s $14 Billion Cash Handout to Reignite Growth: Thailand’s Prime Minister Srettha Thavisin will dole out almost $14 billion in cash handouts as ...

bloomberg.com/news/articles/2024-04-11/all-about-thai-pm-s-14-billion-cash-handout-to-reignite-growth

9

Apr 14

ADB Says Developing Asia Set for Growth as China’s Economy Slows: Much of developing Asia outside of China is poised for expansion in the next two years as ...

bloomberg.com/news/articles/2024-04-11/adb-says-developing-asia-set-for-growth-as-china-s-economy-slows

channelnewsasia.com/singapore/apple-ang-mo-kio-campus-250-million-expand-4274201

Quick Glance: ADB Forecasts Developing Asia Growth at 4.9% in 2024, Risks Persist

ADB raised its growth forecast for Developing Asia to 4.9% in 2024, highlighting ongoing challenges like escalating geopolitical tensions.

China remains a concern for regional growth due to a prolonged property crisis and other issues.

The ADB predicts regional inflation to decrease to 3.0% by 2025.

Detailed GDP growth and inflation forecasts for various Asian countries were also provided.

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5

2 0

CNA Apr 18

Apple investing US$250 million to expand Ang Mo Kio campus: SINGAPORE: Apple has announced plans to pump in over US$250 million (S$340 million) to expand its Ang ...

231

Apr 18

Exclusive: UBS shuts some China private funds, will lay off staff, sources say: UBS is shutting down some of its China private funds business and will lay off ...

reuters.com/business/finance/ubs-shuts-some-china-private-funds-will-lay-off-staff-sources-say-2024-04-18/

17

Apr 18

Five Things You Need to Know to Start Your Day: Asia: Good morning. Concerns about private credit. The ongoing selloff in bonds. And a warning from Iran about ...

bloomberg.com/news/newsletters/2024-04-18/five-things-you-need-to-know-to-start-your-day-asia

3

Apr 16

HSBC Cuts a Dozen Investment Bankers in Asia on Deals Slump: HSBC Holdings Plc has started a new round of job cuts at its Asia investment bank amid a slump in ...

bloomberg.com/news/articles/2024-04-16/hsbc-cuts-a-dozen-investment-bankers-in-asia-on-deals-slump

8

Apr 19

Hong Kong regulator set to launch new probe into PwC Evergrande audits: Apparent whistleblower report cites concerns over firm’s work for collapsed Chinese ...

ft.com/content/19d858ce-a34f-4add-bb67-a0fbd3efa24f

25

Apr 19

Tim Cook visits Singapore amid Apple's Southeast Asia expansion efforts: Tim Cook will meet with Singapore's next leader to conclude a whirlwind tour around ...

cnbc.com/2024/04/18/tim-cook-visits-singapore-amid-apples-southeast-asia-expansion-.html

36

Apr 16

HSBC lays off at least a dozen Asia dealmakers amid weaker activities, sources say

29

Apr 15

OpenAI is coming to Asia with its first office in Japan: The ChatGPT maker is releasing a GPT-4 custom model with improved performance in Japanese

qz.com/openai-expands-asia-opens-first-office-in-tokyo-japan-1851410135

0

Apr 16

Microsoft’s G42 deal puts UAE in America’s AI tent: The United Arab Emirates likes to think of itself as a sort of Switzerland of the Gulf. Microsoft’s $1 ...

reuters.com/breakingviews/microsofts-g42-deal-puts-uae-americas-ai-tent-2024-04-16/

Quick Glance: Microsoft to Invest $1.5 Billion in Emirati AI Firm G42 for Minority Stake

Microsoft is investing $1.5 billion in the United Arab Emirates-based artificial intelligence firm G42 to acquire a minority stake and a board seat.

The partnership aims to deepen ties between the USA and the UAE amid the global battle for tech dominance.

The deal includes G42 using Microsoft cloud services to run its AI applications.

G42 and Microsoft plan to jointly bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa.

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8

4 2

SkyNewsBiz Apr 19

HSBC-backed fintech Monese plots break-up amid mounting losses: Monese, which has two million customers, is working with Interpath Advisory on plans to split ...

news.sky.com/story/hsbc-backed-fintech-monese-plots-break-up-amid-mounting-losses-13118491

channelnewsasia.com/asia/japan-ai-tool-predicts-quit-job-new-recruits-employee-data-4277971

1

CNA Apr 19

Japanese AI tool predicts when recruits will quit jobs: Japanese businesses traditionally all hire graduates at the same time each year, but about one in 10 ...

140

Apr 14

Singapore Former Gymnast Young Jin Yee Has Tricky Task at UBS Wealth: Young Jin Yee quit her last job after less than six months to take on one of the hardest ...

bloomberg.com/news/articles/2024-04-09/singapore-former-gymnast-young-jin-yee-has-tricky-task-at-ubs-wealth

7

Apr 15

On Himalayan hillsides grows Japan’s cold, hard cash: One of the poorest pockets of Asia supplies a primary ingredient for the economy in one of the richest.

nytimes.com/2024/04/15/world/asia/nepal-japan-yen-argeli.html

Quick Glance: Japanese Currency Cultivated from Himalayan Shrubs

A shrub in Nepal supplies material for Asia's financial system.

Argeli plant in Nepal was commonly used for firewood or fencing before Japan's currency involvement.

Japan prints money on unique paper, not locally available, to meet the demand for fresh yen notes, benefiting Mr. Sherpa and neighbors.

88

Apr 10

Thai Central Bank Holds Rate, Deepening Rift With Government: Thailand’s central bank left interest rates unchanged, refusing to yield to the demands of Prime ...

bloomberg.com/news/articles/2024-04-10/thai-central-bank-holds-rate-deepening-rift-with-government

techcrunch.com/2024/04/14/pula-raises-20m-series-b/

7

8

TechCrunch Apr 15

Pula raises $20M Series B to provide agricultural insurance to farmers in Africa, Asia and LatAm

15

Apr 21

The Perception Game: How Are China and the US Viewed in Southeast Asia?: The State of Southeast Asia Survey 2024 reveals ASEAN's growing polarization amid ...

thediplomat.com/2024/04/the-perception-game-how-are-china-and-the-us-viewed-in-southeast-asia/

4

0

The Times

C-

Apr 23

UK mortgage rates are rising — here’s what you need to know: Some of the biggest lenders such as HSBC and NatWest increased rates on Tuesday ...

thetimes.co.uk/article/uk-mortgage-rates-news-interest-current-2024-fall-nsvqf9qnw

7

Apr 15

Hong Kong Gives Initial Approval for Spot-Bitcoin (BTC) and Ether (ETH) ETFs - Bloomberg

bloomberg.com/news/articles/2024-04-15/hong-kong-gives-initial-approval-for-spot-bitcoin-btc-and-ether-eth-etfs

3

Apr 18

Apple to spend $340 million to renovate, expand Ang Mo Kio campus: The expanded campus will allow the tech giant to add hundreds of new roles here.

straitstimes.com/tech/apple-to-spend-340-million-to-renovate-expand-ang-mo-kio-campus

154

Apr 18

How Thai, Korean, Malaysian Rate Cut Bets Are Shifting Due to Fed Pivot: Asian central banks’ need for assertive defense of their currencies is driving traders ...

bloomberg.com/news/articles/2024-04-18/slower-fed-pivot-weakens-rate-cut-bets-across-emerging-asia

4

2 1

wsj.com/economy/central-banking/bank-of-thailand-holds-policy-rate-steady-despite-sluggish-economy-2bc671f3

Apr 10

Bank of Thailand Holds Policy Rate Steady Despite Sluggish Economy: Thailand’s central bank kept its policy rate unchanged despite a slow economic recovery and ...

7

Apr 19

Lufthansa evaluates new China routes amid slow recovery in capacity: Lufthansa Airlines' capacity on routes to and from China has returned to 70% of the levels ...

reuters.com/business/aerospace-defense/lufthansa-evaluates-new-china-routes-amid-slow-recovery-capacity-2024-04-19/

11

15h

HSBC Wins £1.3 Billion Suit Over Disney Film Finance Scandal: HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a ...

bloomberg.com/news/articles/2024-04-26/hsbc-wins-1-3-billion-suit-over-disney-film-finance-scandal