HSBC executive apologizes for calling the UK 'weak' over China
A top executive at HSBC has apologized after reportedly calling the UK government "weak" over its dealings with China, in another sign of the political tightrope the British bank has been made to walk.
2023-08-08 13:27
Why China has few good options to boost its faltering economy
Every few days for the past several weeks, a parade of Chinese leaders and policymakers have publicly vowed to do more to boost the sputtering economy, usually by promising to support the beleaguered private sector.
2023-08-07 10:16
What Asia's top potato chip maker learned from a huge supply shortage
What happens when Asia's biggest potato chip maker runs out of potatoes? Japanese snack brand Calbee had to learn the hard way.
2023-08-05 08:27
Bud Light controversy cost parent company about $395 million in lost US sales
The world's largest brewer is counting the costs of being swept into a controversy over Bud Light in the United States.
2023-08-03 18:45
Asian markets tumble after Fitch downgrades US debt
Asian markets fell broadly Wednesday after ratings agency Fitch downgraded its US debt credit rating from the highest level, citing "a steady deterioration in standards of governance."
2023-08-02 12:49
Plunging sales of new homes show China's real estate crisis isn't over
Plunging sales of new homes and the reported cancellation of a share placement by China's biggest property developer on Tuesday underscored the depth of the country's real estate crisis.
2023-08-01 16:15
HSBC raises outlook as profits nearly double
HSBC's profits have soared as it continues to cut costs and cash in on high interest rates around the world.
2023-08-01 14:21
Heineken's profit hit by drop in beer sales in Asia
People in Asia aren't guzzling as much beer as they used to.
2023-07-31 17:51
China's factory sector contracts for fourth straight month, raising urgency for more stimulus
China's factory sector has contracted for a fourth straight month, while a gauge of its services sector has slipped to a seven month low, raising pressure on policymakers to deliver more stimulus to reinvigorate a stumbling economy as global and domestic demand softens.
2023-07-31 14:56
Italy minister says decision to join flagship Chinese scheme 'wicked'
Italy's defense minister called his country's decision to join a flagship Chinese infrastructure scheme "wicked," as the government weighs up whether continue as part of the scheme.
2023-07-30 22:59
Japan sends yen soaring and stocks tumbling with hint it could join rate-hiking party
Japan's central bank kept interest rates unchanged Friday despite rising inflation but hinted that it could gradually abandon years of ultra-cheap money, sending the yen soaring and stocks tumbling.
2023-07-28 16:58
Honeywell posts better-than-expected profit on aviation boost, lifts forecast
Industrial conglomerate Honeywell International Inc posted a better-than-expected quarterly profit and slightly raised its full-year forecasts on Thursday,
2023-07-27 19:50