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Recent Developments and News in Asia

Etf - Nikkei staff writer - TOMOYA TAKAYAMA - Gold ETF inflows reach 2-year high, driven by expected U.S. rate cut - asia.nikkei.com - New York - city Tokyo

Gold ETF inflows reach 2-year high, driven by expected U.S. rate cut

TOKYO -- Money is flowing into the gold market as expectations of U.S. interest rate cuts, geopolitical risks and short-term investing drive demand, with net inflows into gold-backed exchange-traded funds (ETF) in July reaching the highest level in two years.

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Nikkei staff writer - Taiwan's third-largest party dogged by corruption scandals - asia.nikkei.com - Taiwan - city Taipei

Taiwan's third-largest party dogged by corruption scandals

TAIPEI -- Taiwan's third-largest political party, which has gained support among young voters by promising clean politics, is now embroiled in scandals suggesting financial improprieties.

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Nikkei staff writers - KENSAKU IHARA and PEGGY YE - Hong Kong apparel maker Giordano to focus on mainland China again - asia.nikkei.com - China - Hong Kong - county Major

Hong Kong apparel maker Giordano to focus on mainland China again

HONG KONG -- Major Hong Kong apparel maker Giordano International announced a new business strategy centered on a comeback in the mainland Chinese market on Thursday, as new management tries to bring its earnings back on track.

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Nikkei staff writer - Philippine carbon credit project to reduce methane from rice paddies - asia.nikkei.com - Japan - Philippines - city Tokyo

Philippine carbon credit project to reduce methane from rice paddies

TOKYO -- A Japanese provider of climate solutions is looking to expand a project to curb methane emissions from rice paddies in the Philippines in order to create carbon credits.

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Leslie Josephs - Scott Kirby - United CEO expresses 'renewed confidence' in Boeing after meeting with new leader Ortberg - cnbc.com - Usa - state Washington - county Dallas - city Seattle

United CEO expresses 'renewed confidence' in Boeing after meeting with new leader Ortberg

United Airlines CEO Scott Kirby says he is optimistic about Boeing's recovery after meeting with the manufacturer's new chief executive.

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Morgan Stanley - Todd Haselton - Cisco shares have best day since 2020 on earnings beat, plans to cut 7% of workforce - cnbc.com

Cisco shares have best day since 2020 on earnings beat, plans to cut 7% of workforce

Cisco shares jumped about 7% on Thursday for their best day since November 2020, after the computer networking company said it's cutting 7% of its workforce and reported quarterly results that beat analyst estimates.

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Morgan Stanley - MacKenzie Sigalos - Etf - Goldman Sachs jumps into bitcoin ETFs while rivals retreat, and one hedge fund gets bullish on miners - cnbc.com

Goldman Sachs jumps into bitcoin ETFs while rivals retreat, and one hedge fund gets bullish on miners

When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts.

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Arjun Kharpal - Eddie Wu - Alibaba earnings miss expectations despite cloud acceleration - cnbc.com - China

Alibaba earnings miss expectations despite cloud acceleration

Alibaba missed top- and bottom-line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer.

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