Latest: Asia Stock Market News
Shares of Adani Enterprises plunged by close to 27% on Wednesday, knocking Gautam Adani from third to 10th on Forbes' list of the world's richest tycoons
Washington hopes to deploy more Western mobile phone networks in India and also welcome more Indian computer chip specialists to the US
Investors were lifted by positive factory data out of China but remained distracted by worries over which way the US Fed will jump next in its fight with inflation
Local government bodies accumulated an estimated $18 trillion of debt last year, according to CNN, which said the problem is so bad some cities have cut basic services and are at risk of default
Adani’s firm reportedly held extensive discussions with investment bankers and institutional investors over the weekend to attract subscriptions to the FPO
Investors cashed in on Tuesday after a recent rally as markets readied for more interest rate rises in the US
Samsung’s plans have fanned concern that the world's biggest memory chipmaker intends to draw on its deep pockets to gain market share from smaller peers
Baidu will launch the chatbot as a standalone application and will gradually merge the service into its search engine
Investors were restrained on Monday with all eyes on this week’s US Federal Reserve meeting and earning announcements from several tech giants
Japan is a major supplier of machines used to make leading-edge semiconductors that could come under new restrictions
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Markets: The Big Picture
With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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