Tokyo, Japan. Matteo Colombo | DigitalVision | Getty Images When it comes to travel abroad, popular destinations like London, Paris and Rome always seem to top the wish list for Americans. But many travelers are looking beyond those mainstay cities for trips in 2024. Interest in major Asian hubs, off-the-beaten-path locales in Europe and other … Read more
Singapore city skyline on September 18, 2016. Rustam Azmi | Getty Images News | Getty Images Asia’s family offices used to have a far bigger appetite for risks compared to their global counterparts — but that could be changing, according to a recent survey. A Citi Private Bank global survey in the third quarter of … Read more
U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS Headquarters in Washington, U.S., November 7, 2023. REUTERS/Kevin Lamarque Kevin Lamarque | Reuters U.S. Treasury Secretary Janet Yellen underscored her priorities aimed at stabilizing frigid ties between the United States and China late Thursday. Yellen, … Read more
Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images India’s stock markets have staged record-breaking rallies this year, making the country a favorite among its Asia-Pacific counterparts. The Nifty 50 index has repeatedly notched fresh all-time … Read more
A security guard walks past the National Stock Exchange of India building in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the country’s economic prospects grow. As of the end of November, the total market … Read more
Pedestrians walk across a road in Seoul on June 20, 2023. Anthony Wallace | Afp | Getty Images South Korean stocks have so far emerged as an undervalued and underloved part of Asia-Pacific equity markets but that is exactly what could make them attractive to investors next year, according to Goldman Sachs. Goldman even argued … Read more
An employee works on the assembly line of LED lighting products in China. Vcg | Visual China Group | Getty Images China’s consumer prices fell in October, as the world’s second-largest economy struggled with an uneven post-Covid recovery. Data from China’s National Bureau of Statistics on Thursday showed October consumer price index shrank 0.2% year-on-year, more than … Read more
DBS branch in Hong Kong. Budrul Chukrut | SOPA Images, LightRocket | Getty Images Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate environment. During the quarter, net profit rose to 2.63 billion Singaporean dollars ($1.94 billion) compared to SG$2.24 billion a year ago. … Read more
The United States is working very closely with its trading partners in the Indo-Pacific region to help build economic resilience, said U.S. Trade Representative Katherine Tai. The Indo-Pacific Economic Framework (IPEF) initiative, launched in May last year by U.S. President Joe Biden, is looking to announce a number of initiatives soon, Tai told CNBC’s Martin … Read more