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Luxury Brands Increase Prices in Japan Amid Sales Surge, Yen Weakness
Some luxury brands are pushing through price increases in Japan, as tourists snapping up high-end goods turn the country into a bright spot for an otherwise downbeat industry.
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Indian EV Maker Ola Electric Jumps in Trading Debut
Shares of Ola Electric Mobility jumped in their trading debut, reflecting strong investor interest in India’s nascent electric-vehicle market.
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Merck Buying Drug Targeting B-Cell Diseases for Up to $1.3 Billion
Merck has struck a deal worth up to $1.3 billion to buy an investigational drug targeting B-cell associated diseases.
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China’s consumer prices pick up more than expected in July, up by 0.5%
China’s consumer prices rose by a more-than-expected 0.5% in July from a year ago, according to data from the National Bureau of Statistics on Friday.
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Trump plans light campaign schedule as Harris, Walz barnstorm battlegrounds
As Trump attends small events in Florida, Democratic Vice President Kamala Harris and Gov. Tim Walz, plus GOP Ohio Sen. JD Vance, all barnstorm battlegrounds.
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The Chinese yuan could be the next ‘carry trade’ to unwind. Here’s what to watch for
“I think the next potential carry trade to unwind could be the yuan,” Khoon Goh, head of Asia research at ANZ Bank, told CNBC’s “Squawk Box Asia.”
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Asia-Pacific markets higher after U.S. stocks bounce back from rout
Asia-Pacific markets opened higher on Friday, tracking gains on Wall Street after new labor market data eased recession concerns.
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More Chinese EV makers enter Singapore as it boosts adoption with incentives, more charging points
More Chinese electric vehicle brands are launching in Singapore as the government pushes for EV adoption with extended incentives and charging points.
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Florida HBCU’s record $237 million donation from hemp mogul is worthless, investigator confirms
Millions intended for scholarships, athletics facilities, the nursing school and a student business incubator will not be realized.