Global stocks and the dollar slipped on Thursday as investors sized up a benign US inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dented risk sentiment.
13 hours agoAutomakers are hoping for an uptick in sales from the upcoming GIIAS as both factory shipments and retail sales remained weak in May, declining by double digits year-on-year as slowing economic growth continued to weigh on demand. ...
2 days agoReal Estate Indonesia (REI) has suggested that the government address structural issues plaguing high-rise living instead, ranging from unrealistic pricing benchmarks to frequent conflicts in poorly managed apartment communities. ...
2 days agoThe Upstream Oil and Gas Special Regulatory Task Force (SKK Migas) expects prices to remain relatively high amid geopolitical instability this year and to set in motion an upward trajectory for oil and gas investment in Indonesia.
2 years agoAsian markets opened mostly down on Wednesday following a tepid lead from Wall Street, with traders trying to assess the Federal Reserve's next moves in the fight against inflation.
2 years agoIf, as many analysts believe, the Federal Reserve’s key interest rate has peaked, the valuation of tech companies may bounce back in the coming months.
2 years agoThe dollar rebounded on Monday and hit a one-month high against the yen, as resilience in core US retail sales and impressive Wall Street bank earnings raised market expectations for an interest rate hike from the US Federal Reserve in May.
2 years agoAsian stocks traded cautiously on Monday as US earnings season gets into full swing, while a raft of Chinese data will offer insight into how the world's second-largest economy is recovering.
2 years agoGovernment bonds are considered to be a "wealth keeper" for investors who want to wait for the stabilization of the stock market.
2 years agoA recently released report from Colliers Indonesia suggests that high-rise residential apartments in TOD can expect to see a sales boom, driven by the rising cost of owning a car in Greater Jakarta.
2 years agoThe US dollar tumbled to a one-year low against a basket of currencies on Friday while the euro hit a one-year peak, as traders ramped up expectations of an imminent end to the US Federal Reserve's rate-hike cycle on signs of cooling inflation.
2 years agoThe first batch of blue-chip stocks to list under China's registration-based initial public offering (IPO) system surged in their Monday debut despite tepidness in the broader market.
2 years agoGrowing fears of a US recession weighed on equities Thursday as traders gear up for the release of key jobs data that could determine the Federal Reserve's next interest rate decision.
2 years agoThe US dollar was broadly higher as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production further, with traders wagering the Federal Reserve may need to increase interest rates at its next meeting.
2 years agoOil prices soared almost six percent in Asian trade Monday morning after major producers led by Saudi Arabia announced a surprise cut of more than 1 million barrels per day.
2 years agoMost Asian markets built on a global rally Friday as worries about the banking sector fade and traders grow optimistic central banks are near the end of their interest rate hiking cycle.
2 years agoPresident Joko “Jokowi” Widodo drew attention to the shortage of fertilizer in Indonesia and announced efforts to increase domestic production.
2 years agoAsian markets were mixed Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of the recent turmoil.
2 years agoStock markets rose solidly Wednesday on easing fears of contagion from the banking crisis.
2 years agoCrude palm oil (CPO) production in Indonesia, the world’s biggest palm oil producer, increased by just 0.75 percent year-on-year (yoy) to 3.8 million tonnes, the latest data from the Indonesia Oil Palm Producers Association (Gapki) show.
2 years agoEuropean markets rebounded on Monday while Asian stocks were mixed at the start of what could be another rocky week for global markets thanks to lingering uncertainty about the banking sector.
2 years agoInternational Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector.
2 years agoThe dollar was pinned near seven-week lows on Friday as nervousness over banks kept investors skittish and traders assessed the Federal Reserve's chances of a pause to interest rate hikes.
2 years agoAsian markets dipped Friday after a broadly healthy week, as lingering concerns about the banking sector played against hopes central banks could be nearing the end of their interest rate hiking cycle.
2 years agoAsian shares inched higher on Thursday after the Federal Reserve hinted it could pause interest rate hikes following turmoil in the banking sector, though it also reiterated its commitment to fighting sticky inflation.
2 years agoAmerican banks will be paying especially close attention to the Federal Reserve's interest-rate decision on Wednesday, as the collapse of Silicon Valley Bank (SVB) continues to reverberate through financial markets.
2 years agoThe dollar steadied in a holiday-thinned Asia session on Tuesday, though it struggled to lift far from five-week lows as traders reckoned banking stress would keep the Federal Reserve from hiking rates much further, or at all, later in the week.
2 years agoAsian stocks were lifted from lows on Tuesday, with the rescue of Credit Suisse stemming selling in bank shares, though the mood was fragile and the stress in markets had traders wondering whether US rate hikes might be finished.
2 years agoAsian equities sank Monday following a sell-off in New York as investors fret over the financial sector, despite central banks' pledges to provide liquidity to troubled lenders and news that UBS had taken over embattled Credit Suisse.
2 years agoA $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled US lender's shares showed investors were still worried about cracks in the sector.
2 years agoAsian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of future interest rate hikes in Western economies.
2 years agoCredit Suisse on Thursday said it would borrow up to US$54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global banking crisis.
2 years agoShares in European banks got pummeled again on Wednesday, as Credit Suisse plunged to fresh record lows after the lender's biggest shareholder said it could not raise its 10 percent stake citing regulatory issues.
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