Tag: programming

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China's Vanke Gets Government Support to Stabilize Operations

Chinese officials are taking steps to stabilize operations at China Vanke Co. after deepening liquidity stress and questions surrounding the whereabouts of its top executive triggered turmoil for its bonds and shares last week.

Western Firms in Russia Face Dilemma as Trump Returns, Exit Rules Tighten

Western companies in Russia face a dilemma: stay or exit amid Trump's return and Moscow's tougher exit terms. Trump's presidency could impact their decisions, while companies weigh escalating exit costs and seizure risks.

Billionaires' Wealth Soared in 2024, Anti-Poverty Group Says

Billionaires saw their wealth soar in 2024, according to an anti-poverty group, as the elites prepare to gather for another meeting in Davos.

Paytm Sales Slide Again as Recovery Effort Continues

Paytm's revenue declines for the fourth quarter as it recovers from regulatory challenges. The Indian fintech company saw a 36% drop in revenue to $211 million, but net loss narrowed to $24 million. Paytm is seeking regulatory approval to become a payments aggregator and has sold non-core businesses to cut expenses.

Asian Shares Advance Amidst US Market Rally, Oil Prices Steady

Asian shares advanced Monday after strong gains on Wall Street, helped by upbeat comments from U.S. and Chinese officials ahead of the inauguration of President-elect Donald Trump.

Rakuten's AI Gamble: Telecom Arm Key to Future Growth

Rakuten's mobile business, despite losses, is crucial for future AI-driven growth, says the company's chief, who sees an opportunity in Japan's digital and AI adoption lag.

Indonesia's Carbon Exchange Opens to Foreign Participants

Indonesia's domestic carbon exchange opens trading to foreign participants, offering domestic credits from state-owned energy projects.

Asian Stocks Rise on Optimism from Trump-Xi Call, Wall Street Signals

Asian equities rise as positive Trump-Xi Jinping conversation boosts sentiment. US futures dip slightly, with markets bracing for Trump's second term and China's loan prime rate announcement. Traders prepare for the World Economic Forum and Bank of Japan policy decision.

Cyclone Delays Australia's Major Iron Ore Exports

Cyclone Sean strengthens, shuts major iron ore ports in northwest Australia

TikTok Restored After Trump Executive Order Delaying Ban

TikTok services being restored after Trump announces executive order to delay ban. Trump also proposes 50% U.S. ownership of the China-controlled app.