China’s industrial policy seems to have fans across the Pacific. The US’s $280 billion Chips and Science Act is a direct response from the Biden administration to Beijing’s spending to help key industries. But just as the likes of Intel Corp and Micron Technology Inc jostle for a slice of US government support, the perils of relying upon public ...

  The battle for Asia’s preeminent financial institution will be fought with the Federal Reserve providing ammunition — to both sides. Just how much profit each can squeeze out of US monetary tightening may end up deciding if Hong Kong’s biggest bank, HSBC Holdings Plc, stays whole and dominant. Or if Singapore’s largest lender, DBS Group Holdings Ltd, gets a ...

Bloomberg Deutsche Lufthansa AG forecast profit will keep rising in coming months amid a boom in demand, even as staffing shortages prompt airports to limit capacity. Europe’s biggest airline group said it expects a “significant increase” in earnings in the third quarter compared to the second. That’s after high ticket prices and bumper profits at the company’s cargo division more ...