Asian equities rose as gains by Hong Kong developers helped overcome a pause in the global stock rally. Australia’s dollar jumped after the central bank surprised markets by raising interest rates above estimates to combat inflation.
Citic Securities Co., one of China’s top investment banks, is slashing basic salaries by up to 15% for some bankers to comply with President Xi Jinping’s “common prosperity” campaign, according to people familiar with the matter.
Vietnam’s northern province of Bac Giang, home to suppliers for Apple Inc. and other global electronics companies, promises daytime power to factories as blackouts sweep across the country.
An economic seesaw between China and Russia in Central Asia is moving toward a new equilibrium for Kazakhstan, which expects its eastern neighbor to come out on top as international sanctions over the Kremlin’s invasion of Ukraine transform commerce.
The Japanese government revamped its chip strategy with a goal of tripling sales of domestically produced semiconductors to more than 15 trillion yen ($108 billion) by 2030, as the nation centers chips at the heart of its economic security policy.
{{ video.ContentPackages[0].ScheduleStartDateTime | fromNow }}
{{ currentStream.Desc }}
