SEOUL (June 9): South Korea might be making "wrong bets" in the Sino-U.S. rivalry, the Chinese ambassador in Seoul said, urging Seoul to stop "decoupling" from China and restore economic and diplomatic ties.

Xing Haiming made the remarks duri...

China envoy in South Korea warns of 'wrong bets' over Sino-U.S. rivalry

BEIJING (June 9): China's factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed on manufacturing and the fragile economic recovery.

China's factory gate deflation speeds up in May as demand wanes

TOKYO (June 9): Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues from an overnight Wall Street rally as market bets firmed for the Federal Reserve to skip a rate hike next week.

Asia shares buoyed by Fed pause bets; dollar heavy

(June 9): US President Joe Biden dismissed suggestions that a potential indictment of his predecessor and top 2024 rival Donald Trump by the Justice Department would be politically motivated, telling reporters he was “honest”.

Biden says Trump indictment would not be politically motivated

(June 9): The UK economy will probably skirt a recession but sputter through “anemic” growth in the year ahead due to lingering inflation, the British Chambers of Commerce.

The business lobby group upgraded its forecast on Thursday, predicting gross domestic product will grow ...

UK likely to dodge recession with ‘anemic’ growth, BCC says

(June 9): Japan’s financial regulator is urging independent directors to be more active in challenging management on growth strategies and enhancing profitability, part of the country’s efforts to boost shareholder value.

Regulators want independent directors to “play the role expe...

Japan regulator wants bigger role for independent directors

State-backed assets from Singapore have ended up on an ESG blacklist at Van Lanschot Kempen NV, after Asia’s wealthiest country per capita failed an updated ESG test used by the wealth manager to screen for environmental risks.

Kempen, which oversees about $130 billion of client assets from its base in the Netherlands, started applying its test to sovereign bonds and state-backed entities last year.

Kempen blacklists Singapore assets as ESG screen hits rich world

(June 9): Stocks in Asia are poised to open higher after a rally in technology stocks pushed the S&P 500’s gains since an October low past 20%, the marker of a bull market.

Asian stocks to rise as S&P 500 enters bull market

Allies around the world have promised to increase their help to Canada in its fight against hundreds of blazes that have swept through the country in its worst-ever start to wildfire season.

Forest fires that have gathered strength over the last month have forced tens of thousands of people from their homes and sent a smoky haze billowing over a large swath of the United States.

International help rolls in to fight persistent Canadian wildfires

(June 9): The unwinding of balance sheets by major central banks will soon begin to bite, causing a massive siphoning of liquidity from markets, hitting risk assets while driving bond yields and the dollar higher, according to BNP Paribas SA.

A 10% contraction in global liquidity w...

QT will soon begin to bite with 10% hit to liquidity, BNP warns

For all the frenzy around AI, there’s a quiet investor backlash building against the tech oligarchy’s recent stock market run.

T Rowe Price Group Inc., Bank of America Corp. and Citigroup Inc. are among those who reckon the hype around all things artificial intelligence is topping out. But they contend that’s not bad news for the market because so-called cyclicals — ‘old economy’ companies such as banking and mining — are primed for a rebound.

‘Old Economy’ stocks poised to pick up slack when AI mania eases

(June 9): A rally in technology stocks resumed Thursday, pushing the S&P 500’s gains since an October low past 20%, the marker of a bull market.

A jump in jobless claims to the highest since October 2021 delivered a boost to the tech sector, which had been flagging under specul...

S&P 500 enters bull market as tech rally resumes

Hundreds of Ukrainians were rescued from rooftops on Thursday, two days after waters from a huge breached dam submerged villages, fields and roads in the southern region of Kherson, as Kyiv dismissed reports its counteroffensive had begun.

Hundreds plucked from flooded homes; Ukraine dismisses counteroffensive reports

Russia on Thursday denied Ukrainian accusations that it backed pro-Russian separatists in eastern Ukraine in 2014 and discriminates against ethnic Tatars and Ukrainians in Crimea, accusing Kyiv instead of "blatant lies" at the UN's top court.

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