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Markets premium

CPO export levy hike may jeopardize subsidized cooking oil supply

The recent export levy hike on crude palm oil (CPO) and its derivatives may tighten supplies of subsidized cooking oil brand Minyakita.

15 hours ago
Markets

Asian markets rally ahead of latest China-US trade talks

Stocks rallied Monday on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs data. ...

22 hours ago
Markets

Trump says China's Xi agreed to let rare earth minerals flow to US

US President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world's biggest economies. ...

2 days ago

The Latest

Markets

IEA raises world oil demand forecast in 2023 toward all-time high

The International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is "scaling record highs".

1 year ago
Markets

Malaysia blocks live cattle imports from Australia after skin disease scare

LSD, which causes blisters and reduces milk production, is a highly infectious viral disease affecting cattle and buffalo that is transmitted by insect bites. It poses no risk to humans.

1 year ago
Markets premium

Govt to increase coal production by year-end

The Energy and Mineral Resources Ministry plans to ramp up national coal production in the second half of 2023 following requests from local producers.

1 year ago
Markets

Asian markets down as data shows China trade weak

Asian share markets were mostly weaker on Tuesday as investors digested weaker Chinese trade data ahead of key inflation readings from China and the United States to deliver an updated outlook on the health of the global economy.

1 year ago
Markets

Asian markets mixed as traders nervously await US jobs report

Asian markets were mixed Friday at the end of a volatile week, with a fresh spike in US Treasury yields weighing on Wall Street and traders still concerned about the Federal Reserve's interest rate plans.

1 year ago
Markets

Asian shares hesitant after Wall Street sell-off, dollar buoyant

Asian shares were subdued on Thursday after Fitch downgraded US sovereign debt sparking profit-taking, with investors now shifting focus to Bank of England's rate decision and earnings from Apple and Amazon.

1 year ago
Markets

Dollar wobbles after US credit rating downgrade

The dollar struggled to make headway on Wednesday after a cut on the US government's top credit rating by Fitch raised questions about the country's fiscal outlook, though it drew some support from a relatively resilient run of economic data.

1 year ago
Markets

Asian markets drop as US downgrade jolts latest rally

Asian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft economic data and concerns about elevated valuations.

1 year ago
Markets

Asian markets rise as positive mood flows across trading floors

Asian investors started August in the same way they ended July, with gains across markets that followed Wall Street's lead, fueled by a general sense of optimism about the economic outlook.

1 year ago
Markets premium

Investing in collectibles: Watches and bags can yield long-term gains

Despite their price volatility, luxury items like handbags and watches can be long-term investments, collectors say.

1 year ago
Markets

Asia shares up as China extends rally; Japanese yields a risk

Asian shares looked to end the month on a firm note on Monday in a week littered with major economic releases, central bank meetings and earnings updates from mega caps Amazon and Apple, though rising Japanese bond yields posed a risk.

1 year ago
Markets

Asian markets drop after Wall St loss, yen rises ahead of BoJ

Equities fell Friday following a sell-off on Wall Street where forecast-beating data revived concerns the Federal Reserve could hike interest rates further.

1 year ago
Markets

Asian markets rally as traders bet on end to Fed rate hikes

Equity markets rose Thursday on hopes that the Federal Reserve's latest interest rate hike will be its last as data indicates inflation is being brought under control and the US economy appears set to avert a recession.

1 year ago
Markets

Hyundai to secure tax incentives in 2024 by producing EVs using locally made batteries

Producing electric cars with battery packs made in Indonesia will help Hyundai to manufacture more than 40 percent of EVs locally.

1 year ago
Markets

Indonesia plans incentives for EV makers, sets up meeting with BYD, Tesla

Indonesia, the largest economy in Southeast Asia, has been trying to attract EV makers to invest in the country, enticing them with its rich nickel reserves - the world's biggest - which can be processed into EV batteries.

1 year ago
Markets

Asia shares rebound sharply on China policy pledges

Asian shares jumped and the yuan rose on Tuesday as investors cheered China's pledge to step up support for its sputtering economy, with the heaviest buying in Hong Kong's beaten-down property sector while the dollar dipped against key rivals.

1 year ago
Markets

Russia plans to lower oil export discount to $20/barrel

Western sanctions over Russia's invasion of Ukraine, including the $60 a barrel price cap on Russian crude exports and the European Union's import ban, have forced the Kremlin to change the way it taxes oil sales.

1 year ago
Markets

Top rice supplier India bans some exports

India would ban exports of non-basmati white rice -- which accounts for around a quarter of its total exports. 

1 year ago
Markets

Asian shares subdued after US tech falters, dollar and yields hold gains

Asian shares were subdued on Friday after earnings reports from Tesla and Netflix failed to dazzle, while the dollar and Treasury yields held gains ahead of an action-packed week that could see the end of the US tightening cycle.

1 year ago
Markets

Markets mostly rise on rate hopes but China fears weigh

Markets mostly rose Thursday on signs that more than a year of interest rate hikes around the world was subduing inflation, giving central banks room to take a softer approach to monetary policy.

1 year ago
Markets

World stocks near 15-month high; China data dampens mood

World shares were steady near their recent 15-month highs and the dollar held close to a one-year low on Tuesday as investors paused to take stock of weak economic data from China and waited for US retail sales data.

1 year ago
Markets

Pressure mounts on South Korea’s milk producers to cut prices

South Korea's Food Ministry has newly implemented a price hike limit to prevent an excessive surge in milk prices as the country struggles to tame “milkflation”.

1 year ago
Markets

Russia says Ukraine grain export deal 'ended'

The Kremlin on Monday said it was exiting a major agreement to facilitate Ukraine grain exports hours after drones struck Russia's only bridge connecting its mainland to the annexed Crimea peninsula.

1 year ago
Markets

Asia shares struggle as China fails to stimulate

Asian shares slipped on Monday as lackluster Chinese economic data were not as bad as the worst fears, but still stoked market impatience with the lack of major fiscal stimulus from Beijing.

1 year ago
Markets

Dollar pinned near 15-month low as easing inflation spurs rate peak bets

The dollar hovered at 15-month lows on Friday and was set for its worst week since November as markets wagered the Federal Reserve was close to the end of its rate hike cycle as inflation eases.

1 year ago
Markets

Asia stocks set for best week of 2023, dollar reels on dovish Fed bets

The dollar sank to a fresh 15-month low against major peers and US Treasury yields languished near multi-week lows following the sharpest weekly drop in four months.

1 year ago
Markets premium

Asian buyers dominate luxury auctions in first half of 2023, says Christie’s

The global auction house has recorded significant growth in Asian buyers at its luxury auctions, with the region contributing almost 60 percent of millennial buyers.

1 year ago
Markets

Markets surge on hopes Fed close to end of hiking cycle

Asian markets leaped Thursday on optimism the Federal Reserve's long-running campaign of interest rate hikes could be near an end after data showed US inflation rose less than expected last month.

1 year ago
Markets

Dollar slumps ahead of US inflation data, sterling rises

The dollar sank to a two-month low against its major peers on Wednesday in the lead-up to a key US inflation reading, while sterling scaled a 15-month top on expectations the Bank of England (BoE) has further to go in raising rates.

1 year ago
Markets

Asian shares jump as investors eye end to Fed hikes, China stimulus

Asian shares bounced and the safe-haven dollar edged lower on Tuesday as investors hoped this week's US inflation data supports an imminent end to rate hikes and cheered the prospect China will deliver economic stimulus to prop up stalling growth.

1 year ago
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Today's ePost

Tue, June 10, 2025

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