A tale of two travel recoveries: Japan soars, while China struggles to lure travelers back
Travel demand to visit Japan is setting records, but interest to visit China remains muted among international visitors.
Malaysia charges ex-PM Muhyiddin with sedition over alleged remarks on royalty
Malaysia has charged opposition leader and former PM Muhyiddin Yassin with sedition for allegedly insulting the country’s former king, his lawyer said.
CNBC Daily Open: Oil soars on Middle-East tensions
The Dow Jones Industrial Average closed at a record high, while the S&P 500 and the Nasdaq Composite dipped 0.32% and 0.85%, respectively.
BHP CEO expects a turnaround in China’s property sector in year ahead
BHP’s CEO Mike Henry said he expects China’s property sector to see a rebound in the upcoming year on the back of favorable government policies.
PetroChina posts record earnings for first half of the year
PetroChina posted a record-high operating profit for the first half of the year on the back of strong drilling output and higher oil prices.
Edgar Bronfman drops Paramount bid, clearing path for Skydance deal
Media veteran Edgar Bronfman Jr. on Monday withdrew from the race to bid for Paramount Global, clearing the way for Skydance Media to take control.
Biden, Modi discuss Ukraine war after PM’s visit, situation in Bangladesh
Modi urged President Volodymyr Zelenskyy to sit down for talks with Russia to end the war and offered to help bring peace.
Nvidia partner says it can cut data center energy use by 50% as AI boom strains power grid
Data center company Sustainable Metal Cloud wants to reduce the strain on energy resources and carbon emissions.
Most Asia markets track declines in key Wall Street indexes; investors assess China industrial profits
China reported that its industrial profits from January to July climbed 3.6% year on year, compared to a 3.6% year on year climb from January to June.
Looking to invest after the pullback? Strategist names stocks in AI, defense and more
“I continue to advise clients to use downside opportunistically and build better balance in portfolios,” says Matt Orton of Raymond James Investment Management.
