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Asian markets rose Thursday to claw back some of the previous day's hefty losses as investors tracked a bounce on Wall Street sparked by jobs data that soothed worries about the US economy.
3 hours agoTech companies led a sharp sell-off across Asia on Wednesday as investors grow increasingly worried about an AI bubble following a rally this year that has seen valuations hit record highs. ...
1 day agoThe eight key members of the OPEC+ alliance, including Saudi Arabia and Russia, on Sunday said they had agreed a further slight hike to their oil production. ...
3 days agoAsian markets swung between gains and losses Wednesday as traders tried to ascertain how big an expected Federal Reserve interest rate cut would be later in the day, while the dollar held gains against the yen after forecast-beating US data.
1 year agoThe research by the US-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them.
1 year agoMost Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.
1 year agoAsian stocks made a cautious start on Monday in a week that is almost certain to see the start of an easing cycle in the United States with the only question mark being the size of the cut, with markets split on the chance of an outsized move.
1 year agoThe dollar on Friday slumped against the yen while gold hit an all-time peak as investors ratcheted up bets for a super-sized Federal Reserve interest rate cut next week after media reports suggested the decision was a tough one for officials.
1 year agoThe European Central Bank cut interest rates again on Thursday as inflation slows and economic growth falters, but provided almost no clues to its next step, even as investors bet on steady policy easing in the months ahead.
1 year agoA surge in tech firms Thursday helped Asian markets track a Wall Street rally after data showed US inflation at a more than three-year low, reinforcing expectations the Federal Reserve will cut interest rates next week.
1 year agoThe increasing domestic use of wood pellets and wood chips and skyrocketing exports to Japan and other markets present a business opportunity but also raise environmental concerns.
1 year agoAsian markets wobbled and US stock futures slipped on Wednesday after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in a keenly-awaited US presidential debate.
1 year agoThe plastic and petrochemical sectors are bracing for potential mass layoffs as industry groups sound the alarm, citing surging imports, weak demand and a lack of global competitiveness.
1 year agoChina stocks fell to a seven-month low on Monday, as August inflation data deepened economic worries, while Hong Kong shares declined as much as 2 percent amid weak regional sentiment.
1 year agoThe local bourse has seen a general lifting in projections among global investment banks on the back of a stronger rupiah and expectations for a Fed rate cut before the year-end as well as fiscal discipline under the incoming Prabowo administration.
1 year agoThe Singapore government has conditionally approved importing another 1.4 GW of solar power from Indonesia atop a previous deal with five separate local firms to export a combined 3.4 GW of solar power to the island-state by 2027.
1 year agoThe dollar slid to a one-month trough versus the yen and a one-week low on the euro on Friday as a mixed bag of US job market indicators stirred caution ahead of a crucial monthly payrolls report later in the day.
1 year agoKayan hydropower project is located in North Kalimantan and Mamberamo hydropower project is located in Papua.
1 year agoTech firms led a plunge across Asian markets Wednesday after a rout on Wall Street fueled by a collapse in chip titan Nvidia and disappointing data on US factory activity that revived recession fears.
1 year agoIndia has consistently been the second-largest export destination for Indonesian vegetable oil products, buying 16 percent of the country’s total shipments last year, according to International Trade Center (ITC) data, below only China’s share of 21 percent.
1 year agoThe Maritime Affairs and Fisheries Ministry has prepared several arguments to counter US dumping allegations.
1 year agoAsian markets stuttered Tuesday as investors steel themselves for a high-stakes US jobs report at the end of the week while keeping tabs on China after fresh data stoked renewed worries over the world's number two economy.
1 year agoAsian markets were mixed Monday, with optimism over an expected US interest rate cut offset by worries over the Chinese economy following the release of more disappointing data.
1 year agoHouse price growth has slowed down in Jakarta and other cities as high interest rates and weak purchasing power take a toll on the market, but experts view the slowdown as temporary and say the trend continues to point upward, to the dismay of would-be home buyers.
1 year agoThe IDX Composite closed the week in the green after rising by 0.57 percent, to close at 7,670.73 on Friday.
1 year agoPointing to China as an example, Prabowo’s team says housing and the related construction sector could become a major driver of economic activity in Indonesia.
1 year agoAsian stocks rose on Friday and were poised for a solid end to August while the dollar was staring at its worst monthly performance in nine months, on the view that the Federal Reserve is all but certain to cut interest rates next month.
1 year agoEquity investors stepped cautiously Wednesday ahead of key US data and the release of earnings by tech titan Nvidia that could shine a light on demand for all things artificial intelligence after this year's tech-led markets rally.
1 year agoGoods affected include textiles and textile products, finished clothing, ceramics, electronics, footwear, cosmetics and other textile goods.
1 year agoAsian stocks fell on Tuesday as investors pondered looming US interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in the Middle East and supply concerns checked risk sentiment and lifted oil prices.
1 year agoThe IDX Composite index rose by 0.82 percent, to 7,606.19 by the close of trading on Monday, starting the week on a positive note.
1 year agoAsian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe.
1 year agoFederal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome and expressing confidence that inflation was within reach of the US central bank's 2 percent target.
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