Arm Holdings Ltd. is considering raising the price range of its initial public offering after meeting investors for what would be the world’s largest listing this year, according to people familiar with the matter.
Treasuries edged lower on bets the Federal Reserve will keep rates higher for longer. The yen was on the front foot following potentially hawkish remarks by the Bank of Japan governor.
Thailand will dole out 560 billion baht ($16 billion) to its 55 million adults in the next six months to spur domestic demand and investment, with new Prime Minister Srettha Thavisin pitching the revival of a sluggish economy as his government’s top priority.
North Korean weaponry could allow Russia to prolong the storm of steel it has rained down on Ukraine but probably isn’t advanced enough to alter the course of the Kremlin’s war on its neighbor, now well into its second year.
Alibaba Group Holding Ltd.’s former chief Daniel Zhang has decided to quit just months after agreeing to lead its cloud division, introducing another layer of uncertainty to China’s largest e-commerce company just as it’s navigating a complicated breakup.
President Joe Biden said China’s recent downturn could diminish any inclination by Beijing to invade Taiwan, adding that the country’s economic troubles have left his Chinese counterpart with “his hands full.”
Xi Jinping’s decision to stay away from the Group of 20 summit may have been intended to deny India its moment. Instead, Prime Minister Narendra Modi — along with the US and Europe — figured out how to more effectively counter China on the world stage.
Asian equities traded mixed in a cautious open while the yen was on the front foot following potentially hawkish remarks by the Bank of Japan governor.
China’s economy is showing clear signs of a slowdown that will have an inevitable spillover to the region, according to Taiwan’s top emissary to the US.
Short sellers are raking in profits by betting against a part of the US equity market overlooked by most investors: small-cap stocks.
