Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi said not long ago that the rideshare company’s mission was to become profitable, rather than the loss-making enterprise it had been since inception. For the first time, Uber is succeeding, posting the biggest positive free cash flow in its history in the second quarter. This may finally be the long-awaited turning point ...

  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 ...