Asian markets in the Asia-Pacific region followed the downward trend set by Wall Street after the release of higher-than-anticipated U.S. inflation data for January. The Consumer Price Index (CPI) climbed 3.1% on a 12-month basis and 0.3% for the month, surpassing the predictions made by economists polled by Dow Jones. These experts had expected a
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As global markets continue to experience volatility, investors are left wondering whether the recent stock gains will last until the end of the year. According to Ludovic Subran, chief economist at German financial services firm Allianz, the gains are likely to hold, despite a potential mid-year market correction. However, Subran warns that investors may need
Stocks inched higher on Monday, extending the strong performance from the previous week. Both the S&P 500 and the Dow Jones Industrial Average reached new record highs. The S&P 500 added 0.3%, while the Dow climbed 0.5%, or 195 points. The Nasdaq Composite also rose by 0.3%. However, the Dow’s gains were limited by the
The Abu Mustafa family lives in a tent that sits uncomfortably against the imposing concrete and metal fence separating Gaza from Egypt in Rafah. This area has been the last relatively safe refuge for the countless Palestinians devastated by Israel’s military offensive. However, even this sanctuary may now be under threat. More than a million
Indonesia’s presidential election is quickly approaching, and candidates are utilizing every possible platform to connect with voters, especially the younger generation. With millennials and Gen Z voters accounting for 56.5% of the electorate, social media has become a crucial battleground for politicians. While Instagram played a significant role in the previous election, TikTok has emerged
The beauty industry giant, L’Oreal, experienced a significant drop in its shares following the release of lower-than-expected sales figures. This downturn was primarily driven by a slowdown in demand in Asia, particularly North Asia. The luxury sector as a whole has been facing challenges due to unfavorable macroeconomic and geopolitical conditions. However, certain high-end brands,
In a bid to enhance its artificial intelligence (AI) capabilities, Google recently unveiled a major rebrand of its AI chatbot and assistant. Formerly known as Bard, the chatbot has been renamed Gemini, aligning with the suite of AI models that power it. This move demonstrates Google’s strong commitment to investing in AI assistants, an area
DBS Group, Southeast Asia’s largest bank, reported record earnings for the full year in 2023. However, the bank made a bold move by cutting the variable compensation for its senior management. This decision was prompted by a series of digital disruptions that occurred during the year, aimed at holding the management accountable for the issues
Most Asia-Pacific markets fell on Tuesday, following the decline in Wall Street overnight. Investors were also anxiously awaiting the interest rate decision from the Reserve Bank of Australia (RBA), which was scheduled for later in the day. The RBA is expected to hold rates steady at 4.35%, according to a poll conducted by Reuters among
The Asian markets kicked off the holiday-shortened week with a mix of performances as investors eagerly awaited policy decisions from central banks in the region, including the Reserve Bank of Australia and the Reserve Bank of India. The week is set to be filled with various economic data releases and shortened trading weeks due to