By Stella Qiu SYDNEY (Reuters) -BYD and other Chinese automakers are bringing new electric car models in droves to Australia, a market where they haven\'t faced trade barriers and sales have surged due to EV subsidies and tax benefits as well as high gasoline prices. Since coming to power in 2022, Prime Minister Anthony Albanese\'s...
Commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian shares traded lower after China set this year\'s GDP growth target at 5 percent and vowed to push ahead with transforming the growth model in the face of a raft...
BRICS nations are set to create an independent blockchain-based payment system, incorporating digital currencies to enable smoother and cost-effective global transactions. The announcement, made by Kremlin aide Yury Ushakov in an interview with the Russian News Agency TASS, highlighted the coalition’s objective to enhance financial autonomy from the US dollar through cutting-edge digital and blockchain...
-- Shares of Apple Inc\'s (NASDAQ:AAPL) Asian suppliers fell on Wednesday, tracking an overnight slump in the tech giant after media reports showed Chinese sales of its flagship iPhone tumbled in the beginning of 2024. South Korea’s Samsung Electronics Co Ltd (KS:005930) and SK Hynix Inc (KS:000660), which supply memory chips to Apple, fell 1.2%...
Asian stocks ended mostly lower on Tuesday as China\'s week-long annual session of parliament commenced without any big-ticket stimulus plans to prop up the struggling economy. China is aiming for five percent GDP growth this year but there is reluctance to use deficit spending for economic stimulus. The Chinese government has set the targeted fiscal...
Wormhole might just be gearing up for one of the biggest airdrops in history. Wormhole is currently trading at around $2.5 in pre-market over the counter (OTC) trades. According to the protocol’s tokenomics paper, there are 1.1 billion W tokens available for immediate trading on listing. At today’s price, that means the airdrop will unlock...
Despite the fading favorable base year effects, real estate meltdown and deflationary pressures, China has set an economic growth target of about 5 percent for 2024 that was unchanged from its previous year goal, which is set to force policymakers to focus on stimulus. In the annual work report, Premier Li Qiang on Tuesday projected...
Do Kwon, the founder of Terraform Labs, has received a legal reprieve as a Montenegro court overturned a previous ruling for his extradition to the U.S. The Appellate Court of Montenegro overturned the extradition decision made by a court in Podgorica, sending the case back for retrial. Do Kwon Wins Extradition Again Following a panel...
By Toby Sterling THE HAGUE (Reuters) - Dutch semiconductor sector startups are attracting an increasing amount of funding, the organisation set up by the Economic Affairs Ministry to strengthen tech entrepreneurship in the Netherlands said in its annual review on Wednesday. Venture capital funding for Dutch chip startups grew for the fifth consecutive year in...
Visa, Inc. (V) announced Tuesday a 7-year agreement with Western Union (WU) under which Western Union customers will be able to send money to their family and friends\' eligible Visa cards and bank accounts in 40 countries across five regions. The agreement includes card issuance, Western Union\'s integration with Visa Direct, and value-added services delivery...