Canon Electronics leads plunge among Japan’s Space One shareholder companies after rocket explodes
Reuters reported the solid-fueled Kairos rocket blew up just seconds after lifting off at 11:01 a.m. Japan time.
Singapore bumps up 2024 GDP forecast on manufacturing growth; lowers headline inflation outlook
GDP is expected to grow at 2.4% in 2024, up from 2.3% forecast in the previous survey, while CPI is estimated to be lower at 3.1%, compared with 3.4% expected earlier.
Japan’s Space One Kairos rocket explodes on inaugural flight
Kairos carried an experimental government satellite that can temporarily replace intelligence satellites in orbit if they fall offline.
CNBC Daily Open: Sticky inflation muddies water for Fed
Once again, inflation came in hot for a second straight month.
2024 is the year of the rate cut pivot — here’s when the world’s central banks will budge
While rates in most economies are set to remain elevated in 2024, economists expect a mild rollback late this year, said EIU.
Toyota agrees to biggest wage hike in 25 years in sign of Japan Inc’s big pay bump
Some of Japan’s biggest companies are expected to offer sizeable pay increases at annual talks, paving way for the central bank to end negative interest rates.
Intel survived bid to halt millions in sales to China’s Huawei, sources say
Intel survived an effort to halt millions of dollars’ worth of chip sales to Huawei, said two sources, giving one of the largest chipmakers more time to sell.
Who is Jeff Yass? The billionaire donor with investments in TikTok’s parent company
Critics accuse Yass of bankrolling an army of lobbyists and orchestrating a bare-knuckle pressure campaign to protect TikTok — including by leveraging his nascent relationship with former President Donald Trump.
Shareholder payouts hit a record $1.7 trillion last year as bank profits surged
Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus Henderson.
Asia markets mixed after U.S. stocks jump on inflation data
Hong Kong’s Hang Seng index flat after gaining over 3% on Tuesday.
