Central banks should consider issuing digital currencies as money faces a “historic turning point,” according to IMF Managing Director Christine Lagarde. In a speech at the Singapore Fintech Festival on Wednesday, Lagarde highlighted the changing nature of money as demand for physical cash decreases around the world. She said central banks have a role supplying […]
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European tech stocks rebounded on Tuesday as hopes of a U.S.-China trade deal outweighed concerns about soft demand for Apple’s iPhones. Europe’s tech sector rose nearly 1 percent after dropping around 4 percent on Monday, as stocks recovered from a U.S. stock sell-off led by Apple. Apple shares dropped 5 percent on Monday after Lumentum, […]
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Chinese e-commerce giant Alibaba may have recorded its slowest ever annual growth rate for its Singles Day shopping extravaganza this year, but a large online retailer in Southeast Asia that is majority-owned by Alibaba said it witnessed accelerating growth during the event. Southeast Asia is at the “beginning of the journey” and still witnessing “accelerating […]
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Much attention in recent months has focused on the U.S.-China trade war’s impact to global supply chains, and how that could hurt many Asian economies. That’s one way the region may be dragged down by the conflict, but there could be more at risk. Another important factor, experts said, is a potential slowdown in China’s […]
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Australia remains open to Chinese investments regardless of whether Canberra blocks an acquisition of a major energy company by a Hong Kong-led consortium, Australian Treasurer Josh Frydenberg told CNBC on Friday. Earlier this year, a consortium led by Hong Kong property developer CK Infrastructure — owned by billionaire Li Ka-shing — offered a $9.4 billion […]
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