Goldman Sachs increased its prediction for the index’s six-month return from its previous estimate of 6,100 to +6%, predicting a year-end level of 6,600. Goldman Sachs has increased its three-,…
LG Energy Solution reports an operating profit of 492 billion won for the April-June period. South Korea’s LG Energy Solution (LGES), the second largest producer of EV batteries and supplier…
The Green Climate Fund (GCF) has authorized more than USD 120 million in new funding to improve climate resilience in Mauritania, Ghana, and the Maldives. The world’s largest multinational climate…
US businesses paid a staggering $187 billion in swipe fees, mostly driven by Mastercard and Visa cards. Stablecoins are now posing a threat to these traditional services, with their potential…
The CEO wanted to concentrate more resources on 14A, a next-generation chipmaking process where Intel hopes to outperform TSMC. Intel’s new CEO is considering a big change to its contract…
After years of aggressive debt-driven growth, New World has faced continuous challenges amid the real estate recession in Hong Kong and mainland China. Hong Kong builder New World Development is…
Google’s year-on-year electricity consumption surged 27%, indicating its inability to decarbonise as its energy needs are soaring. Countries and private companies alike are in a race to develop their artificial…
LSEG data indicate that the value of deals involving Japanese companies increased threefold in the first half, and the value of M&A in Asia reached $650 billion, more than double…
The US administration has put strict barriers on China’s funds, keeping CIC off a list of foreign investors and limiting Chinese investment in technology, energy, and healthcare. For many years,…
Hong Kong stocks went to month-highs in anticipation that the Federal Reserve would reduce interest rates due to a decline in global oil prices. Ever since the Hong Kong IPO…