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View all search resultsThe country’s most-watched stock market index closed the day down 0.41 percent after briefly hitting an intraday all-time high of 8.017 points.
1 day agoStocks in Asia made an uneven recovery as higher-than-expected producer price inflation dampened expectations of a jumbo rate cut at the Federal Reserve's September meeting, while US bonds and equity futures stabilized. ...
1 day agoThe US dollar languished at multiweek lows versus major peers on Thursday as traders ramped up bets for the Federal Reserve to resume reducing interest rates next month. ...
2 days agoDespite their price volatility, luxury items like handbags and watches can be long-term investments, collectors say.
2 years agoAsian 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.
2 years agoEquities fell Friday following a sell-off on Wall Street where forecast-beating data revived concerns the Federal Reserve could hike interest rates further.
2 years agoEquity 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.
2 years agoProducing electric cars with battery packs made in Indonesia will help Hyundai to manufacture more than 40 percent of EVs locally.
2 years agoIndonesia, 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.
2 years agoAsian 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.
2 years agoWestern 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.
2 years agoIndia would ban exports of non-basmati white rice -- which accounts for around a quarter of its total exports.
2 years agoAsian 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.
2 years agoMarkets 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.
2 years agoWorld 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.
2 years agoSouth 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”.
2 years agoThe 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.
2 years agoAsian 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.
2 years agoThe 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.
2 years agoThe 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.
2 years agoThe global auction house has recorded significant growth in Asian buyers at its luxury auctions, with the region contributing almost 60 percent of millennial buyers.
2 years agoAsian 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.
2 years agoThe 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.
2 years agoAsian 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.
2 years agoForty-four companies have gone public in Jakarta in this year’s first half, a report by audit and consulting firm Deloitte reveals. That is more than in the other countries of the region combined.
2 years agoStocks tumbled again Friday in Asia, including Jakarta, after another round of strong US data reinforced expectations the Federal Reserve will resume its interest rate hikes as officials wrestle with stubbornly high inflation.
2 years agoIndonesian coal stocks are expected to enjoy an uptick despite a forecast of further declines in coal prices in the face of a subdued economic recovery in China and muted industrial activity in manufacturing and construction, analysts say.
2 years agoIt was stuck for over nine months, alongside an even larger stockpile of copper, due to a dispute over royalties between owners CMOC and the DRC's state mining company Gecamines.
2 years agoMarkets fell again in most of Asia on Thursday as traders resigned themselves to more US interest rate hikes after minutes from the Federal Reserve's June meeting showed officials felt more needed to be done to rein in inflation.
2 years agoRussia said on Wednesday it has not made a final decision on whether to extend the Black Sea grain deal, which expires on July 17, because of obstacles to its own exports of grain and fertilizers.
2 years agoThe National Food Agency has increased the farmgate price for sugar, but farmers say the hike is too small and experts believe it will not move the country closer to its goal of self-sufficiency in sugar output.
2 years agoChina will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo in an escalating war over access to high-tech microchips between Beijing and the United States.
2 years agoGlobal mergers and acquisitions (M&A) activity fell 36 percent year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that the stock market's recovery will gradually restore chief executives' dealmaking confidence.
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