Alibaba’s Options Signal Rising Optimism Ahead of Earnings
Alibaba Group Holding Ltd.’s options are flashing positive signs ahead of the Chinese tech company’s June quarter results.
Bloomberg Business
Philippines’ GDP Growth Stumbles as High Prices, Rates Bite
The Philippine economy expanded much slower than expected in the second quarter, reeling from the impact of above-target inflation, borrowing costs at a 16-year high and waning global demand.
China Mpox Cases Surge Amid Outreach to At-Risk Groups
China’s confirmed cases of Mpox rose nearly five-fold in July to a new high, even as government efforts to contain the infectious disease’s spread ramp up.
City Developments Profit Drops Despite Housing, Tourism Boom
City Developments Ltd., run by Singapore’s richest real estate empire, posted a 94% drop in its first-half profit, as the absence of divestment gains booked a year earlier masked strong results in the firm’s property development and hotel businesses.
Oil Holds Nine-Month High as Supply Risks Offset US Stockpiles
Oil held gains near the highest level in almost nine months as concerns over a possible escalation in hostilities between Russia and Ukraine overshadowed the first gain in US crude stockpiles in four weeks.
Singapore’s OK Lim Faces Liquidators, Banks in $3.5 Billion Case
Former tycoon Lim Oon Kuin and his children are set to face the liquidators of his collapsed oil trading empire in a civil lawsuit trial that kicks off Thursday in Singapore.
Sony Falls Most in a Year on Warning Over Smartphone Demand
Sony Group Corp.’s shares tumbled after the electronics and entertainment group warned about delays in a smartphone market recovery and gave a financial outlook that missed expectations.
Once Asia’s Richest Woman, China Property Tycoon Loses More Wealth Than Any Billionaire
Asia’s once-richest woman has lost more wealth than any other billionaire in the world in just over two years as her Chinese property development company falls deeper into a debt crisis.
Global Funds, Japan Banks Have Big Opposing Bets on JGB Futures
Open interest in Japanese government bond futures is hovering around the highest level in two decades as global funds and local players take opposing bets in a market that remains distorted by the central bank.
New Zealand Concrete Industry Sets Emissions Reduction Target
New Zealand’s concrete industry wants to lower greenhouse gas emissions by 44% by 2030 as part of a roadmap toward becoming net zero carbon by the middle of the century.