North Korean authorities have arrested a family of four after one was caught making banned phone calls to his child in South Korea, a punishment locals say is excessive, say sources in the country to Radio Free Asia. While it is illegal for North Koreans to maintain contact with family members who have fled to … Read more
Adani Enterprises withdraws follow-on public offering overnight Investors will be watching shares of Adani Group companies closely after Adani companies pulled out its $2.5 billion follow-on public offering overnight, although the sale was fully subscribed, which many saw as a vote of confidence from investors. The company cited “the unprecedented situation and current market volatility” … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
It’s been 55 years since Apollo 8 astronaut Bill Anders captured an iconic image that would forever change humanity’s perception of our world. Known as “Earthrise”, it captured the soft blue color of the planet as it floats against the backdrop of the eternal night of space. Now, South Korea’s first-ever lunar orbiter has done … Read more
Hyundai posts bumper fourth-quarter earnings hyundai motorcyclerecorded a net income of 1,710 trillion won ($1.4 billion) for the fourth quarter ending in December, marking a year-on-year increase of 143.8%. Despite the strong results, the reading was still shy of Refinitiv’s forecast of 2.5 trillion won in net profit. The figure also marks a growth of … Read more
CNBC Pro: Wall Street is excited about Chinese tech — and loves a mega-cap stock After more than 2 years of regulatory repression and a pandemic-induced crisis, Chinese tech names are back on Wall Street’s radar, with one stock in particular standing out as the top pick for many. Pro subscribers can find out more … Read more
Chinese house prices drop again in December Home prices in China fell 1.5% in December nationally on an annualized basis, according to Refinitiv calculations of data from the National Bureau of Statistics watch. House prices fell 0.25% in December on a monthly basis, the same rate of decline seen in November. Existing home prices fell … Read more
Wholesale prices in Japan rise faster than expected Japan’s producer prices, or wholesale prices, rose 10.2% in December from a year ago, according to official data. It was more than the 9.5% rise expected by economists polled by Reuters and marked the third straight rise in monthly readings. The country’s producer prices rose 0.5% on … Read more
Bank of Japan to review side effects of monetary easing, local newspapers report The Bank of Japan will consider the side effects of monetary easing at its policy meeting next week, local newspaper Yomiuri reported. “This is because the market interest rate remains distorted even after the policy review late last year,” Yomiuri wrote. The … Read more