Asia

Inflation Surge Puts $3.5 Trillion Of Asia’s Money In Peril

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee … [+] hearing on December 1, 2021. Tom Williams/CQ-Roll Call, Inc via Getty Images Investors in U.S. Treasuries are racking up some of the biggest losses since Paul Volcker’s day four decades ago. Yet they now have a bigger worry: how Asia responds. …

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Club of world’s 10 richest people finally gets member from Asia

Asia’s richest man has entered a new league of wealth. The net worth of Mukesh Ambani, chairman of Reliance Industries Ltd., has jumped to $64.5 billion, making him the only Asian tycoon in the exclusive club of the world’s top 10 richest people, according to the Bloomberg Billionaires Index. He overtook Larry Ellison of Oracle …

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