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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 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.
2 years agoJapan's equity market could, however, face risks should a US recession prompt a substantial yen appreciation or should Bank of Japan (BoJ) normalize its monetary policy prematurely, an analyst says.
2 years agoAsian markets fluctuated Friday as more forecast-beating data reinforced the US economy's resilience despite surging interest rates but piled further pressure on the Federal Reserve to keep hiking to tame inflation.
2 years agoSmaller office spaces are projected to see higher demand this year as firms seek to implement cost-saving measures while coping with changes in the working trend.
2 years agoAsian markets were mixed Wednesday as investors weighed data showing the US economy remained resilient in the face of rising interest rates against the prospect of more tightening to bring inflation under control.
2 years agoAsian stocks headed for their worst week in three months on Friday as a string of hotter-than-expected inflation prints and hawkish central bank surprises made investors nervous about the economic toll of taming runaway prices.
2 years agoMarkets fell in Asia on Thursday as traders contemplated the prospect of more central bank interest rate hikes as they struggle to tame persistently high inflation.
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