Bloomberg Markets
Meta Platforms Inc. is partnering with Reliance Industries Ltd. to build its first AI data center in India, adding to a wave of investment in tech infrastructure globally.
Bloomberg Markets
Bank Indonesia’s surprise rate hike rattled markets as the rupiah slid further, underscoring investor unease, Bloomberg's Marcus Wong reports. (Source: Bloomberg)
Bloomberg Markets
A seasonal cash demand spike in Hong Kong is set to lift funding costs, making it less attractive to pursue a carry trade using the local dollar, analysts said.
Bloomberg Markets
BlackRock Head of Asia Pacific Susan Chan describes the selloff in tech stocks as an "opportunity", saying markets have proven to be resilient over time. (Source: Bloomberg)
Bloomberg Markets
Aluminum fell to the lowest level in one month after tensions in the Middle East escalated and expectations of US rate hikes damped the demand outlook for industrial metals.
Bloomberg Markets
China’s healthcare stocks have slumped to their cheapest level ever, as a rush into local artificial intelligence beneficiaries draws capital away from defensive sectors.
Bloomberg Markets
Large private banks are trading near their cheapest levels in a decade.
Financial Times
Energy costs climb as Iran war cuts off supply through Strait of Hormuz
Bloomberg Markets
Hong Kong Financial Secretary Paul Chan said the city would attempt to “inspire the confidence” of Chinese authorities, after Beijing’s sweeping crackdown on illicit overseas investment cast a chill over banks in the city.
Bloomberg Markets
Hong Kong's Financial Secretary Paul Chan highlights the positive momentum in the city's economy. He speaks after Hong Kong recorded the fastest first-quarter growth in five years, and the IPO market remains hot. (Source: Bloomberg)
Bloomberg Markets
Chinese zinc smelters are being tested by a worsening feedstock shortage that has driven processing fees to historic lows and wiped out profits.