Apple supplier Foxconn cautious despite beating earnings forecasts
Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector.
Russian ruble slumps to near 17-month low, briefly moves past 100 against dollar
Friday figures showed Russia’s GDP expanded by a yearly 4.9% in the second quarter.
China’s economic challenges gather steam as new loans plunge, property fears loom
Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future.
Malaysia’s state polls were a ‘setback’ for Anwar’s ruling government, says analyst
The contest was widely seen as a first test for Prime Minister Anwar Ibrahim’s coalition and unity government that came to power last November.
Australian court fines Dell unit $6.5 million for misleading customers on discounts
Australia’s Federal Court ordered Dell’s local unit for making misleading representations on its website about discounts for add-on computer monitors.
Yen breaches 145 mark against the dollar, prompting expectations of BOJ intervention
On Friday, the Japanese currency briefly touched the same key psychological level, prompting speculation of intervention by the Bank of Japan.
Taiwan will not back down to threats, its vice president says on U.S. trip
Taiwan and the United States both say the stopovers are routine, but China has denounced them and called Lai a separatist “troublemaker.”
Global rice prices could surge higher as flood risks loom over China
Global rice markets could come under further strain as the world’s leading producer China grapples with heavy rain and flood risks, according to Fitch Ratings.
China Country Garden to suspend trading of onshore bonds from Monday
China’s Country Garden will suspend trading of its 11 onshore bonds from Monday, according to filings to the Shenzhen Stock Exchange on Saturday.
