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Asia News

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Shares of leading India private-sector banks slump 5% on weak earnings

TazaPulseJuly 20, 2026

A man walks past a HDFC Bank stall at the Global Fintech Fest in Mumbai, India, 06 September, 2023. Nurphoto | Nurphoto | Getty Images Stocks of India’s largest private lender HDFC Bank, along with those of Axis Bank, fell nearly 5% on Monday as concerns mounted over their weak net interest margins. HDFC’s NIM...

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Samsung Biologics to buy Swiss PolyPeptide Group in $1.8 billion

TazaPulseJuly 20, 2026

Photo illustration of a group of weight loss medications on a white background. Ucg | Universal Images Group | Getty Images South Korea’s Samsung Biologics said on Monday that it had made an all-cash bid of 1.46 billion Swiss francs ($1.8 billion) for Switzerland’s PolyPeptide Group, which specializes in peptide-based active pharmaceutical ingredients. Under the...

Asia News

TSMC is accelerating Arizona fab buildout to capitalize on AI demand: CFO

TazaPulseJuly 20, 2026

Wendell Huang, chief financial officer of Taiwan Semiconductor Manufacturing Co. (TSMC), during a news conference in Taipei, Taiwan, on Thursday, July 16, 2026. Bloomberg | Bloomberg | Getty Images TSMC is racing to accelerate capacity at its Arizona factory as the company continues to see a “multi-year demand mega trend” from its customers, Chief Financial...

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China’s Moonshot AI unveils Kimi K3 model it says rivals OpenAI, Anthropic

TazaPulseJuly 17, 2026

Chinese startup Moonshot AI has unveiled a new model it says closes the gap with leading U.S. offerings and surpasses OpenAI and Anthropic’s most capable systems on some benchmarks. Kimi K3 still trails Anthropic’s Claude Fable 5 and OpenAI’s GPT 5.6 Sol on overall performance, the company said on Friday, but consistently outperformed other tested...

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India’s biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy

TazaPulseJuly 17, 2026

Signage for SBI Funds Management Ltd. at a news conference in Mumbai, India, on Thursday, July 9, 2026. Bloomberg | Bloomberg | Getty Images India’s biggest public market offering this year, SBI Fund Management, has garnered bids worth 2.97 trillion rupees ($30.7 billion), underscoring the liquidity available in the market ahead of the much larger...

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Seven & i shares up 4% on reported stake talks with Poland’s Zabka

TazaPulseJuly 17, 2026

A 7-Eleven convenience store’s front is pictured in Los Angeles, California, November 20, 2024. Etienne Laurent | Afp | Getty Images Seven & i Holdings Co. shares gained over 4% Friday after a Nikkei report said the 7-Eleven parent was nearing a deal to buy a stake in Polish convenience giant Zabka Group. The potential...

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Primavera Capital chairman warns against financial war with Washington

TazaPulseJuly 17, 2026

Fred Hu, chairman and chief executive officer of Primavera Capital Group, during the Hong Kong Fintech Week in Hong Kong, China, on Monday, Nov. 3, 2025. Paul Yeung | Bloomberg | Getty Images China’s biggest weakness in its rivalry with the United States isn’t AI, semiconductors or tariffs. It’s finance, according to one of the...

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Catching up in the AI race? India gets its second AI unicorn in a month

TazaPulseJuly 16, 2026

AI signage is seen during the opening day of Mumbai Tech Week in Mumbai, India, on May 29, 2026. (Photo by Indranil Aditya/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Vibe-coding startup Emergent on Wednesday became the second Indian artificial intelligence company, within a month, to be valued at more than a billion...

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Foreign investors sweeten on Indian government bonds as equities see a sell-off

TazaPulseJuly 16, 2026

An advertisement board of SBI Funds Management Ltd. at a news conference in Mumbai, India, on Thursday, July 9, 2026. Bloomberg | Bloomberg | Getty Images Foreign investors appear to have soured on Indian stocks, but they are turning increasingly positive on the country’s bonds, ahead of a possible inclusion in the Bloomberg Global Aggregate...

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TSMC second-quarter profit spikes over 77%, topping estimates

TazaPulseJuly 16, 2026

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023 Amber Wang | Afp | Getty Images Taiwan Semiconductor Manufacturing Co on Thursday reported a 77.4% jump in second-quarter profit year on year, shattering estimates as the world’s largest contract-chipmaker continues...