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High interest rates help Germany's Commerzbank post best results in 15 years
Commerzbank on Thursday reported a 55% hike in net profit for 2023, as high interest rates helped the German banking giant report its best results in 15 years.
Stock futures rise slightly as market rally seeks to regain momentum: Live updates
Stock futures rose Thursday as Wall Street looked to build on a modest rebound with key economic data on deck.
TSMC shares hit record high after Morgan Stanley lifts client Nvidia's price target on AI chip demand
Shares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after Morgan Stanley lifted the price target on chip designer Nvidia, citing a continued surge in AI demand.
What a Viral Post on Giraffes Says About China’s Fed-Up Investors
Like many Chinese people, Jacky hoped that he could make enough money investing in China’s stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing in Chinese funds that track stocks in the United States.
South Korea prepares $57 billion corporate financial support program
South Korea has prepared a financial support program of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates.
Delivery Hero CEO happy to keep Asia unit Foodpanda 'forever' after stock plunged on sale outlook
Delivery Hero CEO Niklas Ostberg said that he's happy holding onto the Foodpanda brand, after reports that talks of potentially selling the Southeast Asian unit had collapsed drove a huge plunge in shares.
Singapore's economy grew 2.2% in the fourth quarter, slower than forecast
SINGAPORE — Singapore's economy grew 2.2% year-on-year in the fourth quarter last year, falling short of the government's advance estimates of a 2.8% growth as manufacturing activity shrank, official data on Thursday showed.