AFP
13876 articles published since 08 Mar 2022
Author's articles
Alibaba announces surprise departure of ex-CEO
Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang, who had been set Monday to take charge of a key subsidiary as the firm undergoes a major restructuring. CEO Daniel Zhang was due to take charge of the firm's new cloud computing branch, now a separate entity, on Monday.
Most Asian markets in retreat as US inflation data looms
Asian markets mostly fell Monday as investors turn their attention to a key US inflation report later in the week, hoping for a reading that will ease concerns about the Federal Reserve's interest rate plans. Traders have been in retreat over the past week after a string of readings suggested the economy and labour market remained resilient despite more than a year of monetary tightening.
Pause or hike? ECB rate decision on a knife edge
The European Central Bank is walking a tightrope between still-high inflation and a darkening eurozone outlook as it decides whether to lift interest rates again or finally pause its historic hiking cycle.
Strike worries overshadow Detroit Auto Show
This week's Detroit Auto Show is meant to showcase impressive new electric vehicles, but the fanfare looks destined to be upstaged by a brewing labor dispute and the increasing likelihood of a strike.
US judge says 2008 bank fraudsters got off easy
US officials took a victory lap last month to commemorate their response to the 2008 financial crisis, pointing to $36 billion in fines as proof that banks have been held accountable. The DoJ cited $36 billion in civil penalties as bringing accountability to "those who break the law and undermine the well-being of American families," said an agency press release.
Arm's listing on NY exchange is a big wager in an uncertain market
Shares in the British chip designer Arm will be listed Thursday on New York's Nasdaq exchange in the biggest such offering in two years, a $50 billion wager by principal shareholder SoftBank Group amid a still uncertain market.
How it went down: Three accounts of the Lehman bankruptcy
A key catalyst for the 2008 global financial crisis, the bankruptcy of Lehman Brothers still reverberates for those who lived through it. "I was quite concerned that (Fuld) was in denial about the risks that the economy was facing, the financial system in general and Lehman Brothers in particular."
G20 summit ends with India, Brazil and Russia boasting success
Indian Prime Minister Narendra Modi wrapped up Sunday a G20 summit that played down deep divisions over the war in Ukraine and climate change, but gave him a moment in the diplomatic spotlight. Kyiv said the G20 had "nothing to be proud of" but Russian Foreign Minister Sergei Lavrov, who stood in for Putin at the meeting, on Sunday claimed a diplomatic win.
US and Vietnam set to expand ties as China worries grow
US President Joe Biden arrives in Vietnam on Sunday to deepen cooperation between the two nations, in the face of China's ambitions in the region. "With this visit of President Joe Biden, I think he will bring more business contracts and jobs to Vietnamese people."
AFP
Load more