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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 days 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. ...
4 days 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. ...
6 days agoThe yen sat on the stronger side of 150 per dollar on Wednesday, after an unexpected surge in the previous session stoked speculation that Japanese authorities could have intervened to support the currency.
2 years agoAsian shares slid on Tuesday to their lowest this year as worries over higher US interest rates for longer period gripped markets, while the yen wobbled near a one-year low, keeping traders on alert for a possible intervention.
2 years agoAsian markets were mixed Monday after the US Congress passed a last-minute deal at the weekend to avoid a costly government shutdown.
2 years agoMost markets followed Wall Street higher Friday as a drop in oil prices and US Treasury yields provided some much-needed respite from speculation the Federal Reserve will push interest rates even higher.
2 years agoAt their freshest and most flavorful during this time, apples and pears are the quintessential autumn fruits in South Korea, but there are a few other reasons why people are particularly sensitive to their prices.
2 years agoIndonesia launched its first carbon exchange on Tuesday, giving companies a chance to offset their emissions as Jakarta pledges to reach carbon neutrality in its power sector by 2050.
2 years agoTransforming empty office space into residential areas could help ease the housing backlog in Jakarta and its surroundings, according to Jakarta Property Institute (JPI), but implementing the idea will be a challenge given prevailing regulatory red tape and high costs.
2 years agoAsian markets were mixed Monday as investors contemplated the possibility the Federal Reserve will hike interest rates again and keep them at three-decade highs as officials struggle to contain inflation.
2 years agoThe Japanese yen slipped on Friday after the Bank of Japan stuck to ultra-easy monetary policy and made no changes to its outlook, while stocks and bonds were kept under pressure as investors hunkered down for US interest rates to stay high.
2 years agoAsian stocks sank Thursday and the dollar advanced after the Federal Reserve indicated it could hike interest rates again this year and keep them elevated longer than feared as it struggles to bring inflation to heel.
2 years agoAsian stocks struggled for headway on Wednesday while 10-year US Treasury yields stood at 16-year highs as surging oil prices drive inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer.
2 years agoBenchmark US Treasury yields hovered near 16-year peaks and the dollar held close to six-month highs as traders braced for a Federal Reserve rate decision on Wednesday, in a week that also sees policy decisions from the Bank of Japan and Bank of England, among others.
2 years agoIndonesia may see its nickel reserve depleted in less than two decades following high annual production amid increase demand from smelting facilities, a senior minister has said.
2 years agoAsian shares fell and the dollar was firm on Monday as investors looked ahead to a week packed with central bank meetings including the Federal Reserve and the Bank of Japan, which will be closely scrutinized for the global monetary policy outlook.
2 years agoNatural disasters are now happening so frequently that reinsurers -- the firms that sell insurance to insurance companies -- are scaling back their exposure to such risks.
2 years agoThe US will expand its efforts to address lingering damage from the Vietnam war, which ended in 1975, including increasing funding from $183 million to $300 million for a dioxin remediation project in the Bien Hoa Air Base area.
2 years agoWhile global food prices eased in August, those of rice rose 9.8 percent compared to the previous month, "reflecting trade disruptions in the aftermath of a ban on Indica white rice exports by India", the FAO said in a monthly report.
2 years agoA deal could be inked before the end of this year if their negotiations to buy PT Sorik Marapi Geothermal Power conclude successfully.
2 years agoPhilippines is traditionally biggest buyer of Vietnam rice.
2 years agoStocks sank again Friday after another report pointing to a resilient US jobs market added to the misery for investors who fear the Federal Reserve is not finished with its campaign of monetary tightening.
2 years agoThe South American agricultural giant, already the world's top producer and exporter of soybeans, is on track to export 50 million tonnes of corn in 2023.
2 years agoHigher purchases by the world's biggest importer of palm oil could help to lower inventories in top producing Indonesia and Malaysia and support benchmark futures.
2 years agoAsian investors took fright Thursday at a forecast-busting reading on the US services sector that revived speculation the Federal Reserve could lift interest rates again, compounding a spike in oil prices that has fanned fresh inflation fears.
2 years agoOil prices rose sharply following the news, with Brent rising above $90 a barrel for the first time since November, despite steady increases in Iranian and Venezuelan oil exports.
2 years agoAsian stocks fell on Tuesday as weak service sector data rekindled worries over China's sputtering post-pandemic economy, while the Reserve Bank of Australia kept interest rates unchanged, as expected, for a third month in a row.
2 years agoAsian shares pushed higher on Monday as markets wagered the Federal Reserve was done raising US interest rates, and on hopes the drip feed of policy stimulus from Beijing would be enough to stabilize the Chinese economy.
2 years agoMarkets mostly rose Friday ahead of a crucial US jobs report later in the day and following data showing inflation in the world's largest economy had ticked up slightly.
2 years agoTraders are closely watching India's decision on which countries it will sell rice to, as this will impact global rice prices.
2 years agoChina's surprise move to slow the pace of mainland initial public offerings (IPOs) in an attempt to bolster the secondary market will cloud the fundraising plans of hundreds of companies and will weigh on the economy, bankers and lawyers said.
2 years agoA fall in demand for wine has led to over-production, a sharp fall in prices, and major financial difficulties for up to one in three wine makers in the Bordeaux region, according to the local farmers' association.
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