PDD Holdings reported stellar first-quarter results last week, sending its shares surging and driving its market-cap past that of rival Alibaba Group. https://www.cnbc.com/2024/05/29/temu-parent-pdd-takes-alibaba-spot-as-chinas-most-valuable-e-commerce-firm.html
Goldman Sachs Group Inc. expects the Bank of Thailand to start easing monetary policy in the first-half of 2025 instead of the second-half this year, as the government’s plan to spend more to support economic growth lowers pressure on the central bank to cut rates. from Bloomberg Markets https://ift.tt/tdvCyWS
USD/SGD edged higher, aided by a Fed official’s hawkish remarks overnight which could support an outlook for U.S. rates to remain higher for longer, thereby sustaining the appeal of U.S. fixed-income assets and demand for the greenback. https://www.wsj.com/articles/aud-usd-jittery-over-china-property-rescue-plan-bf5fbe5c
Can Democrat women leave men alone? Isn’t that what we men want really? Just to do our jobs, help when we can, but get out of the way when we’re no longer needed, like an airport wheelchair or an Iranian helicopter. But on “The View” recently, a collection of angry female Dems pounced on a…
Thai prosecutors decided to formally charge former prime minister Thaksin Shinawatra in a royal defamation case, creating fresh legal risk for the head of the political dynasty that controls the country’s ruling party. from Bloomberg Politics https://ift.tt/sU4Tgwh
Chinese President Xi Jinping pledged to prioritize youth employment and direct more resources to job creation, bolstering expectations for reforms in that sector at a key policy conclave in July. from Bloomberg Politics https://ift.tt/kifT6Et
Chinese President Xi Jinping pledged to prioritize youth employment and direct more resources to job creation, bolstering expectations for reforms in that sector at a key policy conclave in July. from Bloomberg Markets https://ift.tt/kifT6Et
Firms tagged as military entities use new names and licensing deals to try to keep their businesses going in the U.S. https://www.wsj.com/articles/url-chinese-companies-rebrand-us-8a0c3872
A federal jury in Salt Lake City convicted Oluwole Adegboruwa and Enrique Isong, foreign nationals, of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including bitcoin and ethereum. Adegboruwa operated under the names “King Odua” and “Alagbada726,” converting cryptocurrencies to traditional currency. Sentencing is scheduled for August. The jury…
Last week the UN’s top court delivered the latest in a series of contested rulings in a case brought by S Africa. https://ift.tt/zta0UCj May 28, 2024 at 10:45PM