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BUSINESS4d agoIMF warns bond yields could see a 'disorderly' spike as debt, inflation risks worsenCNBC
BUSINESS4d agoAsia warned over zombie companiesShare of groups unable to service debt in region has doubled since 2008, IMF saysFinancial Times
BUSINESS4d agoRussia says Europe bought $320 billion in hydrocarbons since 2022Russia said on Monday that European Union countries had bought $320.7 billion worth of its energy resources since 2022, despite sanctions over the war in Ukraine. The figure fuelled tensions as European officials criticised a US deal to import Russian diesel, while Stockholm called for the bloc to use frozen Russian assets to boost support for Kyiv.France 24 [en]
BUSINESS4d agoChip stocks slide as fears mount over scale of AI investmentDeclines for Samsung and SK Hynix drag Korea’s Kospi sharply lower as investors fret over the scale of AI investmentFinancial Times
BUSINESS4d agoIMF forecasts 3.1% global growth in 2026, with eurozone at 1.1%The IMF raised its 2026 global growth forecast to 3.1%, citing resilient economies and AI investment. However, high energy prices linked to conflicts will weigh on growth, with eurozone expansion forecast at 1.1%.EuroNews [en]
BUSINESS4d agoSix Flags shares plunge after-hours following report of deadly roller coaster incidentOne person died and several others were injured in an incident involving the Goliath roller coaster at Six Flags Over Georgia, according to reports.CNBC
BUSINESS4d agoSK Hynix, SoftBank shares plunge as tech stocks in Asia track Wall Street chip sell-offTechnology stocks tumbled Tuesday as a sell-off in U.S. semiconductor shares spilled into Asian and European markets.CNBC
BUSINESS4d agoThe IMF maintains US growth at 2.3% due to consumption and the AI boomLa economía estadounidense crecerá un 2,3 % en 2023, impulsada por el consumo privado y la inversión tecnológica, según el FMI. El déficit por cuenta corriente aumentará al 3,9 % en 2026, mientras que la productividad y condiciones financieras apoyan el crecimiento.Clarín
BUSINESS4d agoAmericans Hall and Woodford win economics Nobel for stabilisation modelsSTOCKHOLM: Americans Robert Hall and Michael Woodford were awarded the Nobel economics prize on Monday (Oct 12) for their work on how monetary and fiscal policy can better stabilise disruptive economic fluctuations. The two were honoured for developing new models for managing recessions and other crises that fchannelnewsasia · malaysia
BUSINESS4d agoMaxine Brenner survives protest vote at Telstra annual meetingThe board faced shareholder questions on the Triple Zero outage and on the threat posed by the potential expansion of Elon Musk’s Starlink mobile network.afr · australia
BUSINESS4d agoSilver Price Forecast: XAG/USD falls to near $60.00 amid higher oil prices, US DollarSilver price (XAG/USD) extends its losses for the second consecutive day, trading around $60.00 per troy ounce during Asian hours on Tuesday. Silver is struggling as rising oil prices fuel inflation concerns, bolstering expectations of further Federal Reserve (Fed) interest rate hikes.fxstreet · spain
BUSINESS4d agoGlobal economy to slow less than expected in 2026 as AI boom offsets war hit: IMFThe IMF raised its 2026 global growth forecast to 3.1%, warning that resilience is tested by energy constraints and looming fiscal risks.CNBC
BUSINESS4d agoThe IMF lowered Argentina's growth projection and now expects GDP to rise 2.1% this yearEl organismo calculaba una expansión del 3,5%.Para 2027 prevé una recuperación del ritmo de crecimiento.Caputo se reunirá con Georgieva en Tailandia.Clarín
BUSINESS4d agoTop economies heading for biggest budget deficits since Covid, IMF warnsAt its annual meeting, the fund calls for ‘urgent’ action to rebuild public financesFinancial Times
BUSINESS4d agoIMF upgrades outlook for UK as AI drives growth spurtThe fund believes Britain is emerging as one of the winners of the tech boomFinancial Times
BUSINESS4d agoIs Honeymoon Redesign a Test for Boss Energy (ASX:BOE)? - Kalkine MediaBoss Energy was downgraded last week over Honeymoon execution risk; here is what the redesign means for the uranium producer.kalkinemedia · australia
BUSINESS4d agoThailand’s deepening labour shortage roils harvest as unpicked fruits rotRipe mangosteen and rambutan hang unpicked from trees in eastern Thailand, where a shortage of migrant workers is forcing growers to decide which crops are valuable enough to harvest and which will be left to rot. For Jomsak Putirattana, who also grows durian in Chanthaburi province, the departure of his five Cambodian workers after a border dispute disrupted crossings has intensified competition for labour. Daily wages have more than doubled in some cases, from about 350 baht to 400 baht (US$10...South China Morning Post
BUSINESS4d agoApec a chance for Hong Kong to earn its place in China’s tourism boomOver the coming weeks, Hong Kong and Shenzhen will host two major gatherings of Asia-Pacific decision-makers. Hong Kong’s first Apec Finance Ministers’ Meeting takes place on October 20-21, with around 500 visitors expected, while Shenzhen hosts the Apec Economic Leaders’ Week next month. These Asia-Pacific Economic Cooperation forum meetings will bring international visitors to two neighbouring cities at the centre of China’s Apec year. For Hong Kong’s tourism industry, they offer a timely...South China Morning Post
BUSINESS4d ago'Boring is not bad': CEO of Southeast Asia's largest bank pitches Singapore as a haven amid global turmoilSingapore is a bastion of safety amid global turmoil, according to the CEO of DBS.CNBC
BUSINESS4d agoChinese stocks an undervalued opportunity, says Charlie Munger discipleShares in Chinese companies present better opportunities today than at other times, a disciple of legendary investor Charlie Munger said in a rare reflection on the world’s second-largest economy amid tensions with the US and the ongoing artificial intelligence race. The comments by Li Lu, Chinese-American founder and chairman of Seattle-based value investment firm Himalaya Capital, came amid divergence between the markets on opposite sides of the Pacific. While stock markets in China and Hong...South China Morning Post
BUSINESS4d agoChina keeps extending the Shenzhen Apec deadline. Why are US execs so unenthused?Some senior American executives are lukewarm about attending the Asia-Pacific Economic Cooperation summit and related business events in Shenzhen next month, according to people familiar with the matter. They cited limited scheduling details, few expected breakthroughs and a lack of opportunity for meaningful engagement. Beijing has invited multiple US business leaders – particularly those who joined President Donald Trump’s May trip to China and later attended the White House state dinner for...South China Morning Post
BUSINESS4d agoSingapore PM Wong rejects weaker currency as shortcut to competitivenessSingapore Prime Minister Lawrence Wong pushed back against the idea of weakening the city-state's currency to boost competitiveness.CNBC
BUSINESS4d agoOil ticks lower as Russia diesel supply prospects counter Gulf supply risksNEW YORK: Oil prices edged lower on Tuesday after climbing by nearly US$2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.nst · malaysia
BUSINESS4d ago‘Everyone wants to make history’: revamped Huanggang Port opens to brisk businessHong Kong travel agencies and border shops have capitalised on the opening of the revamped Huanggang Port as thousands of visitors poured through the control point, with special tours on offer and shopkeepers reporting brisk business. Agents said the port’s 24-hour joint clearance arrangements could give cross-border tourism a major boost, although crowd control measures dampened trade at the checkpoint entrance. Tour groups organised by Hong Kong travel agency Big Line Holiday were among the...South China Morning Post
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