Asian wealth managers seen wary of digital assets despite soaring demand
Wealth managers in Asia are holding back from offering digital assets to investors despite soaring demand due to a lack of understanding of these assets, according to an industry survey by consulting firm Accenture published on Monday.
As Apple upgrades its software, developers hunt for headset hints
As Apple Inc (AAPL.O) rolls out its usual stream of upgrades to operating systems for its iPhones, iPads and Macs at its annual software developer conference Monday, analysts and developers will be scouring between the lines for any hints about how a future mixed-reality headset might work.
Futures rebound as China ADRs rally; tech, growth stocks rise
U.S. stock index futures bounced on Monday, as a report of Beijing regulators concluding a year-long probe into Didi Global added to optimism about easing COVID-19 curbs in the country, lifting shares of other NY-listed China stocks.
Analysis: Indian private refiners profit from cheap Russian crude as state refiners suffer
There’s a split emerging in India’s refining sector as private refiners tap cheap Russian crude and boost profits from exports just as domestically focused state refiners get squeezed by high oil costs and government-capped domestic fuel prices.
EU acted like a fishing trawler in antitrust data searches, Meta lawyer says
Meta Platforms Inc (FB.O) on Wednesday compared searches by EU antitrust regulators to a fishing super trawler as watchdogs investigate the owner of Facebook’s data and online marketplace.
Denso bullish on business prospects as it tackles chip shortages
Denso Corp (6902.T), Japan’s largest auto supplier, was bullish about its prospects in a business presentation on Wednesday as demand for automotive chips expands and it tackles semiconductor shortages that have frustrated Toyota Motor Corp (7203.T), its biggest shareholder and customer.
Explainer: U.S. Treasury pushes Russia towards default: What next?
The lapse of a key U.S. license allowing Russia to make payments on its sovereign debt to U.S. holders has put the prospect of the country defaulting on its sovereign debt back into focus.
EXCLUSIVE Credit Suisse weighs options to strengthen capital – sources
Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after a string of losses has eroded its financial buffers, two people with knowledge of the matter told Reuters.
Analysis: Sizzling U.S. energy stock rally confronts global growth worries
A scorching rally in U.S. energy shares has left investors facing a tough decision: hold on despite growing worries that global growth will slow or lock in profits in one of the few areas of the stock market that has thrived this year.
Foxconn predicts more stable supply chain in the second half of 2022
Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Tuesday that the second half of the year is heading “in a better direction” as Shanghai’s COVID-19 lockdown appears to be easing.
