Bloomberg Business

Overseas workers are bouncing back from the pandemic and sending more remittances then ever

Only six months since the China reopening trade triggered the world’s best stock gains, investors have stopped believing in the market’s upward trend.

Florida Governor Ron DeSantis will visit Japan next week as he tests the international waters ahead of a possible decision to seek the Republican nomination for US president.

Nomura International (Hong Kong) Ltd. and Bank of America Corp. raised their forecasts for China’s economic growth for this year after data this week showed a strong recovery in the first quarter.

Asian equities followed Wall Street lower with risk appetite taking a hit from data showing a softening in US manufacturing and its labor market. Traders bought the dollar and the yen on concern of rising tension between America and China.

Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial rescue.

Contemporary Amperex Technology Co. Ltd. reported an 83% jump in revenue that well outdid market expectations, fueled by climbing demand for cleaner vehicles and falling raw materials costs.

Speculators are getting ready to take on the Bank of Japan yet again as new governor Kazuo Ueda gears up for his first policy meeting next week.

Sunac China Holdings Ltd. opened as much as 20% higher in Hong Kong after clearing a major hurdle in the restructuring of $9 billion worth of debt.

Taiwan Semiconductor Manufacturing Co. climbed as much as 1.4% after reaffirming its target for capital spending this year, in a sign Apple Inc.’s main chipmaker intends to shore up its lead in advanced semiconductors ahead of a tech recovery.