Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say
Just months ago, Sea overhauled its business to focus on profitability amid high inflation and interest rates.
Novartis plans Sandoz spin-off around Oct. 4, proposes share
Novartis plans to spin off its generic medicines division Sandoz on or around Oct. 4.
European markets close lower as caution lingers around global stocks; mining stocks lead losses
European markets retreated on Friday, tracking cautious global sentiment as traders assess the future for monetary policy.
CNBC Daily Open: Treasury yields are putting pressure on stocks
Rising U.S. Treasury yields are straining stocks. And with rates possibly going higher if inflation resurges, yields could climb further still.
China’s central bank steps up intervention after yuan hits 16-year low against greenback
This is second straight day that the fixing rate has been above 1000 points stronger than consensus forecasts
China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March.
Maui emergency chief resigns after defending decision to not activate sirens during wildfire
Andaya was asked Wednesday whether he regretted not activating emergency sirens as wildfires spread across West Maui: “I do not,” he said at press conference
China’s property troubles aren’t getting better, intensifying calls for bolder policy help
Prospective home buyers are holding back on making purchases, leading to weak sales that compound the urgent need for policymakers to step up support for the industry.
China’s growing aggression will be in focus as U.S. closes ranks with Japan and South Korea
The summit will be the first standalone meeting between them as the U.S. seeks to capitalize on improving ties between its closest security alliances in Asia.
Asia markets fall as investors assess Japan inflation, Evergrande filing; Adani shares surge
Asian markets will be watching Japan’s inflation numbers, which could give a clue to the Bank of Japan’s moves
