‘Excess profits’ at big energy and consumer companies pushed up inflation, report claims
The report identified Shell, Exxon Mobil, Glencore and Kraft Heinz as among the firms that saw profits “far outpace” inflation.
India keeps key rate unchanged on strong growth, inflation risks
The six-member monetary policy committee, kept the repo rate unchanged at 6.50% in line with the unanimous consensus in a Reuters poll.
In a first for Singapore, livestreaming app 17LIVE goes public via SPAC merger
Shares of Asian livestreaming app 17LIVE began trading on Friday following merger with Singapore’s first SPAC, Vertex Technology Acquisition Corporation.
Australia energy giants Woodside and Santos in talks to create $52 billion gas powerhouse
Santos and Woodside Energy have opened talks to discuss a potential merger in what could create a $52 billion oil and gas behemoth.
Japan’s third-quarter GDP falls faster than first estimates as consumption sags
Japan’s economy fell faster than first estimated in the third quarter, consumer and business spending shrank, driving down third-quarter gross domestic product.
Buying property in Asia? Real estate specialists give their investment tips
It’s a good time for homeowners in Hong Kong to buy now, but investors hunting for yield might want to think twice, says Peter Churchouse of Portwood Capital.
These global stocks may be overbought, but analysts still like them — giving one nearly 40% upside
CNBC Pro screened three indexes for stocks that are among the most overbought. They were also screened to include analyst buy ratings of more than 50%.
Forget the automakers: Fund manager picks 2 longer-term plays to cash in on EVs
EV companies like Tesla and BYD have garnered a lot of attention from investors this year —but one fund manager has a different way to play the theme.
CNBC Daily Open: AI saves the day
Wall Street resumed its rally as technology giants intensified their AI race, boosting tech stocks.
Hong Kong’s soccer fans will get to see Lionel Messi in action in February
Soccer fans in Hong Kong will be able to see the world’s best player Lionel Messi in action next year when David Beckham’s Inter Miami play the Hong Kong team in February.
