The Reserve Bank of Australia has hiked the official cash rate six times in a row this year to 2.6%, forcing up mortgage rates from lows of around 2% to about 5% to 6%.
South East Asia's top digital economies grew faster than expected in 2022 and is set to reach $200 billion in GMV, according to Google, Temasek and Bain & Company.
Nearly twice as many U.S. companies cut their investment in China versus last year, the American Chamber of Commerce in Shanghai found in its latest survey.
Intel said that it intends to find cost reductions and efficiencies worth up to $10 billion through 2025. But guidance for the full fiscal year came up short.
Meta plans to continue investing billions into virtual reality and augmented reality amid investor concern over the health of its online advertising business.
Billionaire Elon Musk sought to reassure advertisers of his intentions in buying Twitter on the eve of his deadline to close the deal and avoid new trial dates.