NUSA DUA, Indonesia (AP) — It’s not easy being Elon Musk. That was the message the new Twitter owner and billionaire head of Tesla and SpaceX had for younger people who might seek to emulate his entrepreneurial success. “Be careful what you wish for,” Musk told a business forum in Bali on Monday when asked…
TOKYO (Reuters) – Sumitomo Mitsui Financial Group Inc, Japan’s second-largest bank, on Monday reported an 8.0% increase in second-quarter net profit. SMFG posted a profit of 272.99 billion yen ($1.96 billion) in the July-September period versus 252.8 billion yen a year earlier, according to Reuters’ calculations based on six-month cumulative figures disclosed in a stock…
People still looking to book trips home to visit family or take a vacation during the holidays need to act fast and prepare for sticker shock. Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels…
By Wayne Cole SYDNEY (Reuters) – Asian share markets were mixed on Monday as a top U.S. central banker warned investors against getting carried away over one inflation number, while Chinese stocks gained on signs of aid for the country’s hard-hit property sector. A modest miss on U.S. inflation was enough to see two-year Treasury…
NUSA DUA, INDONESIA (Reuters) – Dominant cryptocurrency exchange Binance’s chief executive Changpeng Zhao called for new but stable and clear regulations for the industry, in light of recent developments and participants “cutting corners”. “We’re in a new industry, we’ve seen in the past week, things go crazy in the industry,” Zhao told a gathering of…
NEW YORK (AP) — Stocks fell on Wall Street Monday, giving back some of their huge gains made last week on hopes the worst of the nation’s inflation may finally have passed. The S&P 500 fell 0.9%, or 35.68 points, to 3,957.25 after drifting between gains and losses several times through the day. The Dow…
By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar held firm on Monday following last week’s bruising dive as Federal Reserve Governor Christopher Waller said that the central bank was not softening its fight against inflation. A slightly cooler-than-anticipated inflation data on Thursday sent the greenback on a tailspin, with the dollar index sliding 3.6%…
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would stick to monetary easing to support the economy for the time being so as to achieve sustainable and stable inflation accompanied by wage growth. “We are at a stage where we will continue monetary easing to firmly back economic…
NUSA DUA, Indonesia (AP) — Bali wants the world to know it’s back. Dozens of world leaders and other dignitaries are traveling to the Indonesian island for the G-20 summit, drawing a welcome spotlight on the revival of the tropical destination’s vital tourism sector. Tourism is the main source of income on this idyllic “island…
BEIJING (Reuters) -Chinese regulators have told financial institutions to extend more support to property developers to shore up the country’s struggling real estate sector, two sources with direct knowledge of the matter said on Sunday. A notice to the institutions from the People’s Bank of China (PBOC) and the China Banking and Insurance Regulatory Commission…
