Allianz swings to Q4 net profit, bounces back from U.S. funds debacle
Germany’s Allianz swung to a fourth-quarter net profit Friday, marking a return to the black after taking big charges a year earlier for a U.S. funds scandal.
Shares of Indonesia’s GoTo surge 5% as it says profit targets will be met ahead of time
Shares of Indonesian giant GoTo Group jumped about 5% on Friday as the Gojek-Tokopedia entity said it will hit its profitability targets earlier than expected.
What is happening in Moldova, Ukraine’s tiny European neighbor with a pro-Russian movement?
Moldova, a small European nation to Ukraine’s western border, has found itself increasingly caught in the crosshairs of Russia’s war against Kyiv.
Taiwan finds crashed weather balloon on remote island, says it is likely from China
The sphere is about 1 meter in diameter with an instrument box marked with simplified Chinese characters — which are used in China but not Taiwan.
Singapore posts worst non-oil domestic exports in a decade
“The worst is likely not over for Singapore’s export sector. We continue to expect further falls in global demand,” said Oxford Economics economist Alex Holmes.
Vietnam EV maker VinFast gets permit to start construction on U.S. factory
The Vietnamese company, a subsidiary of Vingroup, has been moving to expand in the United States, where it hopes to compete with existing automakers.
Australia to spend $5 billion on Brisbane Olympics venues
Australian authorities have placed great emphasis on using existing venues for the event to host the opening and closing ceremonies as well as the athletics.
Bank of Japan to launch pilot program for issuing digital yen in April
The move, which was widely expected, will follow two years of experiments the central bank has been conducting to decide whether to issue a CBDC.
China Renaissance shares plunge more than 20% after it says founder Bao Fan is missing
Prominent Chinese investment banker Bao Fan is missing, his company China Renaissance said late Thursday.
Tesla raises prices of some Model Y versions in China
It is the second time that Tesla has raised prices since it had lowered prices of all Model 3 and Model Y cars in its second-largest market in early January.
