SoftBank CEO says he wants to be a 21st century Rothschild
Masayoshi Son, the CEO of Japanese tech conglomerate SoftBank, said to shareholders on Wednesday that he wants to be viewed as a 21st century Rothschild.
CNBC Asia
Hong Kong pro-democracy newspaper Apple Daily to shut down operations by midnight
Apple Daily has come under increasing pressure since its owner, Beijing critic Jimmy Lai, was arrested under the national security law.
Hong Kong's Hang Seng index jumps nearly 2% as Asia stocks largely rise
The Hang Seng index in Hong Kong jumped 1.79% on Wednesday to close at 28,817.07.
Japan's Nikkei 225 jumps more than 3% as Asia-Pacific stocks bounce back
Japanese stocks led gains among major Asia-Pacific markets on Tuesday, with the Nikkei 225 jumping more than 3% on the day.
Asia needs to keep Covid under control before the Fed hikes rates, says economist
Controlling Covid-19 would put Asian economies in good stead to manage rate hikes by the U.S. Federal Reserve, said Steve Cochrane of Moody's Analytics.
Sluggish household income growth is holding back Chinese consumer spending, says Barclays
Barclays economists wrote in a note dated Wednesday that they did not see China's growth in consumption and services returning to pre-Covid levels this year.
Japan's Nikkei 225 briefly plunges 4%, leading losses across major markets in Asia
China on Monday announced that the one-year Loan Prime Rate was kept unchanged at 3.85%.
Former Iranian president lashes out over election process, demands U.S. stops 'meddling' in Middle East
The comments came after Ahmadinejad's candidacy was rejected by Iran's Guardian Council, the vetting body of supreme leader Ayatollah Ali Khamenei.
Siemens Gamesa to supply 'typhoon-proof turbines' for major Japanese wind project
The project will be located on the island of Hokkaido, the firm said.
Singapore slows the pace of reopening as Covid cases haven't declined significantly
Singapore has to be cautious in resuming higher-risk activities due to the delta variant first detected in India, said Health Minister Ong Ye Kung.
Asia-Pacific stocks mixed; mining stocks lower after commodity prices tumble
The Bank of Japan on Friday kept monetary policy steady and announced an extension of the duration of its pandemic-relief program.
Satellite images show backlog of containers awaiting export at Port of Yantian after Covid outbreak
Over 90% of the world's electronics are exported out of the Port of Yantian, and the temporary shutdown in May could potentially delay holiday shipments.
Japan's Nikkei 225 drops nearly 1% as Asia markets trade mixed after U.S. Fed signals rate hikes in 2023
The U.S. Federal Reserve on Wednesday brought forward the time frame on which it will next raise interest rates.
China's retail sales miss expectations again
Consumer spending has lagged China's economic recovery from the coronavirus pandemic.
China's Shenzhen falls more than 2% in mixed Asia-Pacific trade
The Shenzhen component in mainland China plunged 2.572% on Wednesday to 14,295.93.
Air travel in Asia won’t return to pre-Covid levels ‘anytime soon,’ says Singapore minister
Lawrence Wong, Singapore's finance minister, said Asia is facing "rolling waves" of Covid-19 infections and vaccination rates in many countries are not high.
Singapore finance minister says city-state could become a regional hub for green finance
Singapore is investing in renewable energy and decarbonization technologies, and is considering a range of criteria for bonafide green investments.
China to send the first astronauts to its self-developed space station on Thursday
It is China's first manned space mission since 2016 and the first time astronauts will go to the country's new space station which is still in development.
Alibaba co-founder and Nets owner Joe Tsai says Asians are 'scapegoated' in times of turmoil in U.S.
"If there's a crisis — if there's a pandemic, if there's a war or if there's an economic downturn — Asian Americans get scapegoated," Joe Tsai told CNBC.
Qualcomm reportedly offers to invest in Arm as regulators threaten to block Nvidia's $40 billion acquisition
Qualcomm has said it is open to the idea of investing in U.K. chip designer Arm if the company's sale to Nvidia is blocked by regulators, according to a report.
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