World's largest luxury group LVMH slumps 4% after second-quarter revenue miss
Shares in the world's largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday.
Economy asian news
India 'clearly has a problem' finding new drivers for economic growth, JPMorgan's Jahangir Aziz says
India "clearly has a problem" figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan's Jahangir Aziz said, following the country's union budget.
All sides must work to minimize impact of Biden's withdrawal
The U.S., a superpower and ally of democracy, has entered uncharted waters just three months away from the vote to decide its next leader. This could create global chaos in many areas including security and the economy, and the impact must be minimized. Japan should remain on guard and contribute to stability.
China's rare earth rule to speed supply chain shifts: Solvay CEO
TAIPEI -- China's tighter regulation of its rare-earths industry is likely to accelerate global efforts to diversify the supply of these critical materials away from Asia's biggest economy, according to European chemical supplier Solvay.
GIC shifts to 'niche' real estate deals in China amid oversupply
SINGAPORE -- Singapore's sovereign wealth fund GIC is shifting the focus of its investment team in China to look for newer "niche opportunities," a senior executive told Nikkei Asia, as the region's largest economy is expected to take longer to transform itself into a new economic model.
Modi's government pledges fiscal prudence in India's post-election budget
India's government on Tuesday promised spending on job creation but also called for fiscal prudence as it announced its financial budget — the first since nationwide elections finished in June which led to a new coalition government being formed.
India’s Modi sets aside billions for jobs, allies in post-election budget
The budget lays out funds for rural programmes, to create jobs and for two states ruled by coalition members.
Japan's corporate governance reforms show way for China, South Korea
Haonan Wu is manager of engagement (Japan, China and South Korea) for EOS at Federated Hermes.