Singapore among world's first to agree to stablecoin crypto regulation
The stablecoin market is valued at around $125 billion with two tokens — Tether's USDT and Circle's USDC — dominating with around 90% share.
CNBC Asia
China surprises with rate cuts as economy grapples with 'confidence crisis'
China's central bank unexpectedly cut rates on Tuesday, as policymakers continued to step up support for its struggling economy.
Japan GDP grew 6%, easily beating expectations on robust exports
Economist surveyed by Reuters had expected the world's third-largest economy to post 3.1% growth in the April-June quarter.
China is on course to overtake Japan and become the world's No.1 car exporter
China is on course to overtake Japan to become the world's number one car exporter by the end of the year, according to Moody's Analytics.
Travelers say these are the best — and worst — airports in North America based on wait times for check-in, customs and more
Casago analyzed passenger reviews from airlinequality.com where each review gave queueing times a rating between 1 and 5 stars.
Malaysia's state polls were a 'setback' for Anwar's ruling government, says analyst
The contest was widely seen as a first test for Prime Minister Anwar Ibrahim's coalition and unity government that came to power last November.
Employees in Asia are spending the most time looking busy at work, says Slack report
The survey found that employees from India, Japan and Singapore reported spending more of their time on "performative work" than the global average.
The 10 best U.S. states for flipping houses, maximizing ROI—half are in the South
Joybird analyzed real estate markets across the U.S. to uncover the best destinations for house flipping and maximizing your return on investment.
Goldman Sachs-backed digital bank Starling to expand in hotly competitive Asia-Pacific market
Starling, which is backed by Goldman Sachs, is in talks with an Asian bank about launching its Engine banking-as-a-service platform in the Asia-Pacific market.
Acquisition of Adani Capital opens access to India's 'underbanked' market, Bain says
In July, the Boston-based firm agreed to acquire 90% of Adani Capital and Adani Housing, buying out all of Indian billionaire Gautam Adani's family's stake in the company.
Country Garden shares hit record low after profit warning as debt fears loom
The stock reached an intra-day level of 90 Hong Kong cents after the company warned it is expecting a loss of between $6.24 billion to $7.63 billion for the six months ended June.
Singapore narrows 2023 growth forecast on 'weak' external demand
The growth forecast was trimmed to between 0.5% to 1.5%, from an earlier range estimate of 0.5% to 2.5%, the Ministry of Trade and Industry on Friday.
Obesity drug Wegovy's landmark trial result could 'open up' health insurance access, analyst says
Popular weight-loss drug Wegovy could be made available under more health insurance schemes after the results of a late-stage trial pointed to the drug's efficacy in reducing cardiovascular events, analysts said Wednesday.
White House restricts U.S. investment in some Chinese tech, citing national security concerns
An official said the executive order is carefully focused so as not to stifle business between the world's two largest economies.
China lifts ban on group travel to more than 70 locations, giving a boost to travel stocks
This will be the first time in six years that China would allow group tours to South Korea.
China hawk says Beijing could attack Taiwan by 2024, bringing ‘war to the West’
Prominent China hawk Kyle Bass told CNBC Tuesday that he believes Chinese President Xi Jinping is determined to "bring war to the West," with an invasion of Taiwan likely by 2024.
Indian automaker Mahindra says competition from Tesla 'does not faze us'
Anish Shah, the managing director and CEO of the Mahindra Group, said the company isn't worried about global competition in India's Electric Vehicle market, including Tesla.
These are the top 10 U.S. cities where New Yorkers want to move—only 1 is in California
StreetEasy ranked the top cities New Yorkers are searching for homes based on page views for for-sale and for-rent listings.
SoftBank posts surprise loss even as Vision Fund back in black after five quarters
SoftBank surprised the market with a loss in the first quarter, though its Vision Fund booked a $1.1 billion gain on investments — its first in five quarters.
It’s official: Scientists confirm July was the hottest month ever recorded
"These records have dire consequences for both people and the planet exposed to ever more frequent and intense extreme events," said C3S's deputy director.
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