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KKR, SK to Jointly Launch $1.30 Billion Renewable-Energy Platform

By Megan CheahPrivate-equity firm KKR and South Korea's SK Inc. are jointly launching a $1.3 billion renewable-energy platform aimed at meeting surging demand for clean power in AI data centers and semiconductor manufacturing.The platform's assets, consolidated from SK affiliates, cut across solar…

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StocksKR
NEWS dow-jones

Singapore Dollar Weakens Amid Rising Treasury Yields — Market Talk

The Singapore dollar weakens against its U.S. counterpart in the Asian session amid rising Treasury yields that typically enhance the appeal of U.S.-dollar-denominated fixed-income assets. However, the Singapore dollar's losses may be limited ahead of Fed Chairman Warsh's appearance on a panel at a…

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Forex
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Bitcoin Rises After Hitting Near 2-Year Low Amid Market Sell-Off — Market Talk

Bitcoin is up 0.5% at $58,961.17 in early Asian trade. The cryptocurrency hit its lowest level in nearly 22 months overnight amid a broad market sell-off in a fragile macro environment, testing a key support level, analysts at Crypto Finance Group say. Trading volumes remain subdued, while ETF outf…

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Crypto
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Malaysian Ringgit to Stay Under Pressure Near Term — Market Talk

The Malaysian ringgit could remain under pressure in the near term amid a stronger U.S. dollar outlook following a more hawkish Fed stance, Hong Leong IB analysts say in a note. Lingering geopolitical uncertainty in the Middle East and rising domestic political risks ahead of a potential general el…

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BondsForex
NEWS dow-jones

Japan Business Sentiment Expected to Improve Further — Market Talk

The Bank of Japan's tankan survey indicates business sentiment will deteriorate in the coming three months, but it could actually turn more optimistic because the latest survey is unlikely to fully reflect the impact of the peace talk between the U.S. and Iran, says Daiwa Securities economist Yutar…

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Economyindex
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How Western Automakers Are Losing Their Grip on the Chinese Market — WSJ

By Ellie Davis and Andrew MollicaThe mid-2010s were a golden age for Western carmakers in China, the world's biggest auto market. Brands such as Buick and Volkswagen thrived as a newly empowered class of buyers couldn't get into foreign cars fast enough.But now that footprint is slipping away.The b…

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StocksCN