Asia faces ‘tough decisions’ on inflation as oil prices rise, ADB says
Higher oil prices will challenge regional governments to make “tough decisions” to tackle inflation pressures, said Albert Park, chief economist at ADB.
U.S. says its forces killed Islamic State leader in Syria
No civilians were killed or injured in this strike, CENTCOM said, and added that the group “continues to represent a threat to the region and beyond.”
A green transition will require trillions of dollars. It’ll be a ‘tall order’ to find the cash, but there’s hope
The International Energy Agency says clean energy investment will need to hit over $4 trillion a year by 2030.
China’s homebuyers are starting to come back
More people in China want to buy houses again, according to a first quarter survey released Monday by the People’s Bank of China.
Australia to ban TikTok on government devices over security concerns
The move underscores growing worries that China’s government could use the Beijing-based company to harvest users’ data to advance its political agenda.
Manhattan real estate sales plunge 38%, but cash deals hit all-time record
Manhattan real estate sales fell 38% in the first quarter, as buyers and sellers battled over prices and mortgage rates remained volatile.
Malaysia prime minister says Petronas project in South China Sea is in Malaysian territory
China was worried that “Petronas has carried out a major activity at an area that is also claimed by China,” Anwar said during his visit to China last week.
L’Oreal buys luxury brand Aesop from Brazil’s Natura for $2.5 billion
The deal expands L’Oreal’s presence in the luxury market, while marking a financial relief for the Brazilian firm, burdened by shrinking margins and heavy debt.
HSBC brushes aside Hong Kong investor’s Asia spin-off proposal
HSBC Holdings on Monday pushed aside a proposal by an activist shareholder in Hong Kong to spin off its mainstay Asia business.
Bank of America just added this global stock with 60% upside to its top ideas list
The Wall Street bank has a buy rating on the stock, which it calls a “structural winner.”
