A union representing Samsung Electronics has called for the first-ever strike in the South Korean technology giant’s history after talks over wage increases broke down. https://www.wsj.com/articles/samsung-union-plans-first-ever-strike-47acacca
The rand will be one of the few South African assets trading through the country’s general election Wednesday, as investor optimism that drove a five-week rally gives way to caution over the risk of a surprise outcome. from Bloomberg Politics https://ift.tt/jkoT6Wy
“Bloomberg Markets: Asia” is the definitive guide to the markets in Hong Kong and on the mainland. David Ingles and Annabelle Droulers bring you the latest news and analysis to get you ready for the trading day. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/URizXIQ
QUETTA, Pakistan (AP) — A speeding passenger bus crashed off a mountainous highway and fell into a ravine in southwest Pakistan early Wednesday, killing at least 20 passengers, police and government officials said. from Bloomberg Politics https://ift.tt/PILzr8e
China’s new third chip fund will likely focus on advanced chips and establishing the entire supply chain, said Winston Ma, adjunct professor at NYU School of Law. https://www.cnbc.com/2024/05/29/china-will-focus-on-ai-in-its-new-chip-fund-amid-us-export-curbs-professor.html
“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, David Ingles and Stephen Engle give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg) from Bloomberg Markets https://ift.tt/PvzNpZ7
For the third consecutive week, digital asset investment products attracted impressive inflows, as this time, they totaled $1.05 billion. The latest figures contributed to a record-breaking year-to-date cumulative flow of $14.9 billion. According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, the recent surge in prices has driven total digital asset…
The Hang Seng Tech Index has come dangerously close to entering a technical correction as escalating price wars in China’s artificial intelligence industry and renewed geopolitical risks spook investors. from Bloomberg Markets https://ift.tt/OBZMj15
More of China’s biggest cities are easing home-buying policies, after top leaders recently signaled a shift to aggressive measures to resolve the country’s ongoing property crisis. https://www.wsj.com/articles/chinas-biggest-cities-continue-to-ease-home-buying-policies-40c168d3
The Associated Press projects that Republican Rep. Tony Gonzales of Texas will win his Republican primary runoff election on Tuesday with far-right challenger Brandon Herrera. Gonzales is running for a third two-year term representing a majority Hispanic district in southwestern Texas. With more than 800 miles of U.S.-Mexico border, Texas’s 23rd district has the largest stretch…