The Bank Indonesia headquarters stand in Jakarta, Indonesia Dimas Ardian | Bloomberg | Getty Images Indonesia’s central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency which has fallen to four-year lows on rising risk aversion and a delay in the expected timing of any U.S. policy easing. … Read more
A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho | Bloomberg via Getty Images Bank of America is bearish on a slew of Asian currencies and neutral at best on others, as the investment … Read more
India’s electric vehicle sector still lacks competition, but entry from international automakers like Tesla will level the playing field, MG Motor India’s CEO Emeritus Rajeev Chaba said. “Competition is limited at this point of time. Numbers are still constrained because consumers don’t have compelling choices,” Chaba told CNBC’s Sri Jegarajah in Gurugram, India. According to … Read more
Amazon is opening cloud regions in Southeast Asia because customers want their data stored securely in their own countries, Amazon Chief Technology Officer Werner Vogels said in an exclusive interview. “The reason for this is that many of our customers have been asking for that. They really wanted something local such that they can meet, for … Read more
A logo of SenseTime is seen during 2021 China Content Broadcasting Network Exhibition at China International Exhibition Center on May 29, 2021 in Beijing, China. Visual China Group | Getty Images Shares of SenseTime Group surged more than 30% on Wednesday, after the Chinese AI giant announced its latest generative artificial intelligence model, called SenseNova … Read more
A worker inspects a circuit board for a smartphone at Dixon Technologies’ Padget Electronics Pvt factory in Noida, Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Dixon boasts a market value of more than $2.5 billion and the capacity to produce about 50 million smartphones this year. Photographer: Anindito Mukherjee/Bloomberg via Getty Images Bloomberg | Bloomberg … Read more
India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums NEW DELHI — As India gears up for the second phase of its general elections, the issue of unemployment is increasingly taking centerstage, with opposition leader Rahul Gandhi charging Prime Minister Narendra Modi and his … Read more
Pedestrians walking past a Tesla store in Shanghai, China, on March 14, 2024. CostFoto | Nurphoto | Getty Images Tesla shares sank in premarket trading on Monday, while China’s Li Auto plummeted to an 11-month low, after both companies slashed prices of their electric vehicles in various markets amid intense competition. U.S. EV giant Tesla … Read more
“There are a lot of people coming into the middle class, and I really feel that India is at a tipping point, and it’s great to be there,” Apple CEO Tim Cook said in May last year. His comments underscore one reason Apple has recently made an aggressive play to expand operations in India: the … Read more
MYSURU, INDIA – APRIL 14: Prime Minister Narendra Modi gestures as he addresses an election campaign rally on April 14, 2024 in Mysuru, India. Abhishek Chinnappa | Getty Images News | Getty Images CHENNAI, India — Polling stations in India’s Tamil Nadu state opened on Friday as the country kicked off its massive national election … Read more
