India’s consumer inflation edged higher in August after nine consecutive months of easing, with headline inflation rising to 2.07 percent, government data showed Friday. The figure was in line with economists’ median estimate of 2.1 percent in a Reuters poll.Inflation in July had slowed to 1.61 percent, the lowest since…
A day of significant developments is underway across the Asia-Pacific, as a Wall Street giant makes a key strategic hire in Hong Kong, a top investment bank flags a bullish trend in China’s secretive oil market, and a major cyberattack in Vietnam raises fears of a massive personal data breach.These…
The International Energy Agency reported on Friday that the projected development of low-emissions hydrogen projects by 2030 has decreased by nearly a quarter. This decline is attributed to a combination of project cancellations, increasing cost pressures, and uncertainty surrounding policy.The IEA’s Global Hydrogen Review indicates a revised projection for low-carbon fuel…
Vietnamese authorities have confirmed a cyberattack on the National Credit Information Center (CIC), raising concerns about the safety of personal and financial data across the country’s lending sector. The breach, detected on 10 September, is now being treated as a major threat to Vietnam’s centralised credit reporting system, which underpins…
Alibaba shares rallied on Friday after the Chinese technology giant unveiled a series of initiatives to expand its artificial intelligence and cloud capabilities, reinforcing investor confidence in its long-term growth trajectory.The company’s Hong Kong-listed stock rose 5.9% to HK$151.80, equivalent to US$19.49, by midday, placing it on track for its…
Ocado’s share price fell sharply on Friday after US grocery partner Kroger signalled a strategic rethink of its warehouse investments, triggering concerns over the British online grocer’s growth prospects in the world’s largest retail market.The stock dropped more than 11% in London trading, extending a recent slide that has wiped…
South Korea’s SK Hynix has announced that it is ready to mass produce its sixth-generation high-bandwidth memory (HBM4) chips, marking a decisive step in the competition to supply critical components for artificial intelligence computing. The company said on Friday that it had completed internal validation and quality checks for the…
US prosecutors have moved to dismiss charges of alleged fentanyl trafficking against an Indian pharmaceutical executive, marking a rare reversal in Washington’s intensifying campaign against the global supply chain of synthetic opioids. The decision shifts attention back to India’s role in the trade, after recent intelligence reports identified the country…
Asian equities ended the week on a strong note, tracking Wall Street higher as investors priced in further US Federal Reserve interest rate cuts. A combination of rising US jobless claims, inflation data that aligned with expectations, and easing tariff concerns lifted investor sentiment across the region.Lower bond yields and…
Dow futures slipped back from their historic highs this morning, down roughly 0.2% after the Dow closed above 46,000 for the first time ever on Thursday.Markets are in suspense ahead of next week’s pivotal Federal Reserve meeting, with traders betting that persistent but manageable inflation and a weakening jobs market…