Containers and trucks at the port of Qingdao, China on February 14, 2019. Reuters BEIJING — China’s economy was buoyed by strong exports last year, but that boost is waning. The country’s customs agency said Tuesday that in dollar terms, exports rose 30.6% in March from a year ago, missing expectations for growth of 35.5%....
Taiwanese chipmakers are ahead of their international rivals and it will be tough for U.S. tech companies to reduce their reliance on Taiwan, said Sebastian Hou from CLSA. Tech firms like Apple, Amazon, Google as well as Qualcomm, NVIDIA and AMD rely heavily on Taiwanese contract manufacturers to produce up to 90% of their chips,...
A shopper browsing through secondhand clothes at a pop-up swap event in Singapore. CATHERINE LAI | AFP | Getty Images LONDON — The future of physical stores has been called into question by the coronavirus pandemic, but experts believe the key to survival will be reinvention. For some time now, retailers have tried to attract...
The use of artificial intelligence in job interviews is on the rise, which may sound like a daunting prospect, but experts say there are some ways to ace your first encounter with a robot recruiter. Some 70% of the more than 1,500 human resource and recruitment professionals surveyed by LinkedIn in July believed virtual recruiting...
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters GUANGZHOU, China — Alibaba shares in Hong Kong jumped nearly 4% at the open on Tuesday after regulators ordered the e-commerce giant’s financial technology affiliate Ant...
BlackRock Chair and CEO Laurence D. Fink attends a session at the World Economic Forum (WEF) annual meeting in Davos, on January 23, 2020. FABRICE COFFRINI Singapore state investor Temasek Holdings and asset manager BlackRock will team up to invest in private companies that use technology to reduce carbon emissions, the companies said Tuesday. The...
A Chinese flag flies on a vessel moving past shipping containers being unloaded at a Tianjin Port Group Co. dock in Tianjin, China. Nelson Ching | Bloomberg | Getty Images China on Tuesday said its exports for March jumped 30.6% from a year ago in U.S. dollar terms — missing analyst expectations. Meanwhile, the country’s...
The pending Coinbase direct listing, scheduled for Wednesday on the Nasdaq under the symbol COIN, is exciting a broad base of the investment community outside the usual cryptocurrency crowd. “Coinbase is going to blow people’s minds,” said Matt Hougan, chief investment officer at Bitwise Asset Management, which pioneered the first cryptocurrency index fund. “I think...
Sustainability funds doubled in 2020 — and are set to double in Asia again, according to JPMorgan’s head of environmental, social and governance (ESG) research. “We’ve seen the amount of asset under management dedicated to ESG investing double in the last year,” said Elaine Wu. “We expect that to double again, in Asia, for the...
Overnight stateside, the S&P 500 ended its trading day little changed at 4,127.99 while the Dow Jones Industrial Average shed 55.2 points to close at 33,745.40. The Nasdaq Composite slipped 0.36% on the day to 13,850. The muted moves on Wall Street came as investors waited for the release of inflation numbers due out on...