Singapore state investor Temasek posts worst returns since 2016
Its global direct investments, particularly in technology, health care and payments, saw “a reversal of gains” in the 12 months ending March 31 this year.
Europe markets advance as mining stocks lead gains; Record UK wage growth adds to inflation fears
European markets were higher after Wall Street snapped a three-day losing streak, with investors looking ahead to key U.S. inflation figures.
India’s IDFC First Bank says merger will boost credit growth
Last week, IDFC First Bank said its board had approved its merger with IDFC Ltd., the latest in a wave of consolidation in India’s financial sector.
Chinese real estate stocks rise as Beijing extends property support measures
The move encourages financial institutions to continue deferring loan payments, while propping up financial support for real estate enterprises
‘Tourflation’? Taylor Swift, Beyoncé and Bruce Springsteen could be making inflation worse
As inflation remains high in many countries around the world, economists have found themselves considering a surprising potential contributor: music concerts.
One of Asia’s most luxurious trains is returning to the rails with a new route
Belmond announced today that the Eastern & Oriental Express luxury train, which will run from Singapore to Malaysia, is restarting in February 2024.
Sweden’s path to NATO membership cleared after Turkey greenlights bid
NATO said Sweden and Turkey have cooperated closely to address the latter’s security concerns since last year’s summit.
U.S. lawmakers consider changes to TikTok crackdown bill, says senator
The Commerce Department will review, block, and address transactions with foreign information and communications technology posing national security risks.
Are Gen Zs the most challenging generation to work with? 3 in 4 managers think so
Of the 1,344 managers and business leaders polled, 27% have fired a Gen Z employee within a month of their start date, with the majority reasoning that the generation gets too easily offended and lacks motivation and effort.
Central banks in Asia could soon diverge from the Fed, Nomura says
“After China, Korea, India and even Indonesia could cut rates ahead of the Fed, due to faster disinflation, weak demand and higher real rates,” Nomura economists wrote.
