Appeals court upholds law ordering China-based ByteDance to sell TikTok or face U.S. ban
Members of Congress had raised national security concerns about TikTok due to its ownership by ByteDance, which is based in China.
Financial News
India’s central bank revises down economic growth forecast for 2025, keeps interest rate steady
The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India’s growth has made RBI’s task tougher.
South Korean President Yoon faces impeachment: How did we get here?
South Korean President Yoon Suk Yeol is facing impeachment by parliament after he declared martial law only to revoke it 6 hours later amid immense backlash.
Amid political chaos, Bank of Korea says it will boost short-term liquidity and deploy measures to stabilize the FX market
The announcement came shortly after the BOK held an emergency board meeting.
Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
Shares of major Asian chip stocks mostly rose on Tuesday, shrugging off the U.S. announcing new emiconductor export controls on China.
Caixin PMI: China’s November factory growth hits five-month high, beats forecasts
Manufacturers saw incoming new orders rise at its fastest pace in more than three years, signaling that stimulus efforts have already seeped into the economy.
How GE Vernova plans to deploy small nuclear reactors across the developed world
GE Vernova plans to roll out small modular reactors aimed at slashing exorbitant costs associated with building traditional nuclear plants.
Swiss wealth manager Lombard Odier indicted on money laundering charges
Lombard Odier — one of Switzerland’s oldest private banks — has been indicted by Swiss prosecutors on charges of aggravated money laundering.
China plans to restrict exports of a critical metal. But the market isn’t that worried
China dominates 80% of the global tungsten supply chain.
Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
Major investment banks and research firms project offshore yuan to weaken to an average 7.51 per dollar through the end of 2025, the weakest level on record.