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Standard Chartered posted on Thursday a 5.5% rise in its first-quarter pretax profit, beating estimates, as higher interest rates bolstered earnings at the emerging markets-focused lender.
Shares of Walgreens plunged nearly 20% on Thursday after the company reported fiscal third-quarter earnings that fell short of expectations and slashed its full-year adjusted profit outlook, citing a "challenging" environment for pharmacies and U.S. consumers.
TOKYO -- A record 6.93 million Asians newly migrated overseas for work in 2023, as more people from the Philippines, Bangladesh and other countries chase opportunities in advanced economies hungry for labor.
The aid will come on top of government subsidies that Kishida also vowed to retain to cut household utility bills. Rising prices have weighed heavily on consumers despite his emphasis on wealth redistribution via pay hikes.
TOKYO/KUALA LUMPUR/BANGKOK -- ASEAN countries' exports to the U.S. in the January-March period surpassed those to China for the first time in six quarters as the region's trade appears to be shifting along with moves in the global supply chain.
HONG KONG -- Leading Chinese battery manufacturer CATL has become the top recipient of state subsidies among all mainland listed companies, highlighting a sharper strategic focus just as such government support draws scrutiny in the West.
TOKYO -- As the Japanese currency endures a prolonged slump, an often overlooked factor involves the yen selling linked to trade and the related outflow of money from Japan.
TAIPEI -- Top Taiwanese manufacturers serving the tech sector reported a 19.4% revenue increase on the year in April, data compiled by Nikkei shows, fueled by strong demand for artificial intelligence-related servers and semiconductors.
TOKYO/KUALA LUMPUR -- Malaysia has overtaken Thailand to become Southeast Asia's second-largest auto market, after Indonesia, a major shift in a region that has become a key battleground for Asian automakers.