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Team USA, for example, rewards its athletes $37,500 for every gold medal won, $22,500 for silver and $15,000 for bronze. → Read More
5G refers to the fifth generation of high-speed mobile internet that aims to provide faster data speeds and more bandwidth. → Read More
A successful IPO for the Life Insurance Corporation could go a long way in helping the government meet its disinvestment targets. → Read More
Furthermore, India planned to impose a 1% tax deducted at source, or TDS, on payments related to the transfer of digital assets. → Read More
Traders will watch the U.S. nonfarm payroll count due Friday, which is seen as one of the major indicators of the how the U.S. economy is doing. → Read More
Economists expect infrastructure push to be one of the key themes of Tuesday's budget amid signs that investment demand might finally be picking up. → Read More
CNBC's Andrew Ross Sorkin and Alex Sherman reported Thursday that Claure was preparing to resign from the company, citing people familiar with the matter. → Read More
Annual smartphone shipment grew 4% year on year to 1.39 billion handsets in 2021 even as the impact of Covid and a worldwide chip shortage hampered supplies. → Read More
The Federal Open Market Committee is due to meet on Tuesday and Wednesday to decide on the next steps for U.S. monetary policy. → Read More
Pegasus Asia is the first Singapore-listed special purpose acquisition company with international backers such as European asset manager Tikehau Capital. → Read More
China's tech giants Alibaba, Tencent, Baidu and Meituan have all started investing heavily into chip development. → Read More
The People's Bank of China slashed the one-year loan prime rate by 10 basis points from 3.8% to 3.7%. → Read More
The Dow Jones Industrial Average lost more than 540 points after Goldman Sachs shares sold off as the investment bank missed earnings expectations. → Read More
Australia's ASX 200 eked out a 0.21% gain in early trade. Meanwhile, Nikkei futures pointed to a slightly higher open in Japan at the top of the hour. → Read More
Economists expect data out of Beijing on Monday to underline slowdown in the world's second-largest economy. → Read More
UOB said it will acquire Citi's unsecured and secured lending portfolios, wealth management and retail deposit units in the four Southeast Asian markets. → Read More
But the overall economic impact of the third wave of infections is expected to be less severe and less disruptive compared to the previous two waves. → Read More
Global growth is expected to slow from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as more nations start unwinding policy support, the World Bank said. → Read More
Tuesday's session in Asia followed overnight declined in the U.S. where the Dow Jones Industrial Average and S&P 500 fell. → Read More
Australia's ASX 200 declined 0.58% as most sectors struggled for gains. → Read More