Singapore-based Sea Ltd's (SE.N) e-commerce arm Shopee will exit Argentina and shut local operations in Chile, Colombia and Mexico while its Garena gaming unit will lay off hundreds of staff…
Category: Business
Understanding Ethereum’s major ‘Merge’ upgrade
Ethereum, the blockchain that underpins the world's second-largest crypto token ether, will soon undergo a major software upgrade that promises to slash the amount of energy needed to create new…
ECB must keep on raising rates to fight inflation, policymakers say
The European Central Bank must keep raising interest rates, prioritising its fight over painfully high inflation, even if that comes at a cost to growth, European Central Bank policymakers said…
Bearing the scars: One year of Turkey’s unorthodox easing cycle
Nearly 12 months ago, Turkey's central bank embarked on a rate-cutting cycle in the face of soaring inflation, defying traditional monetary policy and running against a global trend of rising…
China EV maker Leapmotor puts off $1.5 billion Hong Kong IPO
Chinese electric vehicle maker Zhejiang Leapmotor Technology has shelved a plan to raise $1.5 billion through an initial public offering (IPO) in Hong Kong because of lukewarm investor interest, said…
BOJ’s Kuroda weighs in to warn against ‘rapid’ yen moves
Bank of Japan Governor Haruhiko Kuroda said rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida on Friday, joining a chorus of policymakers lobbing verbal warnings…
Japan unveils near-term steps to offset hit from rising prices
Japan's government on Friday unveiled near-term stimulus steps to soften the economic blow of high food and energy prices on low-income households, businesses and farmers. The move by the government…