Chinese property stocks surge after central bank vows more support for private businesses
Shares of Longfor Group and Country Garden Holdings were among the top gainers on the Hang Seng Index.
Shipping giant Maersk warns of sharp slowdown in global trade as it reports profit plunge
Danish shipping giant Maersk on Friday reported a sharp fall in second-quarter earnings on the back of plunging container rates.
CNBC Daily Open: Amazon surges as Apple stumbles
Amazon CEO Andy Jassy’s cost-cutting measures paid off handsomely. Meanwhile, Apple continues to struggle with dipping revenue.
Drought threatens major European river trade route with ripples across the continent
The river Rhine, an important trade route that runs through Germany, has become shallower at critical points meaning vessels sail with reduced loads.
China lifts anti-dumping tariffs on Australian barley after three years, easing supply concerns
China was the indisputable top recipient of Ukrainian agricultural products — including about a quarter of outbound barley volume, according to United Nations data Thursday.
South Korean defense stocks power ahead as overseas interest grows for weapon systems
South Korea has benefited from increased global military expenditure, according to Morgan Stanley, citing Stockholm International Peace Research Institute.
Automakers promote advanced tech to compete in China — the world’s top EV market
China is the world’s largest EV market with 5.9 million units sold in 2022, capturing 59% of EVs sold globally, according to Canalys.
Asia markets mixed as rising U.S. bond yields pressure equities
Investors will also be looking to the Reserve Bank of Australia’s monetary policy statement, which will detail its rationale after it unexpectedly held rates on Tuesday.
Japan is Asia’s most expensive location to send expats — here are the other top spots
Globally, Japan ranked second while the U.K. came up on top as the most expensive location to send expatriates, according to ECA International.
A new luxury hotel is opening near Singapore — but you’ll need a boat to reach it
ONE°15 Marina Nirup Island joins other private islands that have opened in Indonesia’s Riau Island. A Westin hotel is scheduled to open in late 2024.
