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The US-sanctioned tanker Rich Starry made its way back to the Strait of Hormuz on Wednesday after exiting the Gulf the day before, shipping data showed, failing to break through a US blockade on vessels calling at Iranian ports.
2 days agoStocks rose and oil fell Tuesday on hopes for a deal to end the Middle East war and reopen the Strait of Hormuz, with Donald Trump saying Tehran had called to seek an agreement even as a US naval blockade around Iran's ports began. ...
3 days agoOil prices surged and stocks sank Monday after US-Iran peace talks fell apart and Donald Trump announced a blockade of the strategic Strait of Hormuz, adding to fears for energy supplies from the Middle East. ...
4 days agoChinese stocks rose in early trade on Wednesday after the country's top parliamentary body approved an additional 1 trillion yuan ($137 billion) sovereign bond issue to support the economy.
2 years agoStart-ups looking to go public need to show a quick path to profitability and lower their expectations for valuation to attract investor interest, analysts say.
2 years agoWith a 1.57 percent IDX Composite decline on Monday, foreign investors sold Rp 592.81 billion (US$37.81 million) worth of stocks.
2 years agoThe government hopes to boost the property market by covering VAT and administration fees for low-income home buyers.
2 years agoThe dollar softened against a basket of currencies on Tuesday, mirroring a dip in Treasuries yields as investors awaited key US economic data before the Federal Reserve's monetary policy meeting next week.
2 years agoEuro zone government yields rose sharply on Monday as a sell-off in global bond markets resumed, taking the yield on the global-benchmark 10-year US Treasury note to a 16-year high above 5 percent.
2 years agoAsian shares slipped on Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on US growth and inflation as well as earnings from some of the world's largest tech companies.
2 years agoIndonesian tire businesses are struggling to maintain their performance amid a persistently weak rupiah and a surge in energy prices partly resulting from conflict in the Middle East.
2 years agoAsian markets fell and oil prices extended gains Friday on worries that an expected ground invasion of Gaza by Israel will spark a wider conflict in the Middle East.
2 years agoWith little change in a weak office space segment, modern warehouses, industrial properties and residential plots were the most sought-after real estate assets in the third quarter.
2 years agoAsian markets tumbled Thursday on fears the Israel-Hamas crisis would spill over into a wider conflict in the Middle East, with some warning that a full-blown war was increasingly likely.
2 years agoOPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organization of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel, four sources from the producer group told Reuters.
2 years agoDomestic sugar prices have remained high in recent months as importers hold back from procuring the commodity due to high international prices, the National Food Agency (Bapanas) said on Monday.
2 years agoAsian equities retreated and oil prices rallied Wednesday on fears that the Israel-Hamas conflict could spill over into a regional war after a strike on a Gaza hospital dealt a blow to President Joe Biden's diplomatic drive.
2 years agoSales of smartphones continued to shrink globally in the recently-ended quarter as consumers watched spending, market tracker Counterpoint reported on Monday.
2 years agoThe US dollar started Tuesday on the back foot as investors took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook.
2 years agoIndonesian rice production is projected to drop by 650,000 tonnes this year, according to official estimates provided by Statistics Indonesia (BPS).
2 years agoThe arrival of new shippers working outside the purview of Western governments allows Russian firms to earn more than the $60 per barrel cap that the US and its allies had aimed to impose on Russia through sanctions.
2 years agoThe regulator aims for activity on the new platform to begin later this month and a reference price to be set in the first quarter of 2024.
2 years agoBulog confirmed on Thursday that it had been tasked with importing another 2 million tonnes of rice in 2024 to secure the country's rice reserves.
2 years agoGlobal shares slipped on Friday while assets considered to be safer havens such as gold and US Treasuries rose as traders retreated from market risk as conflict in the Middle East intensified.
2 years agoThere has been a significant increase in the sale of electric vehicles (EVs) in the past months following a flurry of government incentives, the Industry Ministry says, but most of the purchases were made by people who already owned internal combustion engine cars rather than by first-time buyers.
2 years agoOn Friday, the yield on the 10-year US Treasury note climbed to 4.88 percent for the first time since 2007, while the 30-year offering reached 5.05 percent, also a 16-year peak.
2 years agoAsian shares also rose, as markets wagered that US rates have peaked after more dovish remarks from Federal Reserve officials, while traders awaited the US consumer inflation report later in the day for further monetary policy clues.
2 years agoThe government plans to import 500,000 tonnes of corn to help control feed prices for livestock, according to a National Food Agency (Bapanas) statement on Wednesday.
2 years agoBond markets were stable through the Asia session, with benchmark 10-year Treasury yields at 4.65 percent - some 24 basis points below Friday's 16-year peak.
2 years agoBanga said changes undergoing at the bank could boost its funding capacity to $150 billion over the next decade, though he warned it would still not be enough.
2 years agoUS stocks ended higher, with energy shares rising along with oil prices. The S&P 500 energy index ended up 3.5 percent.
2 years agoThe general trend in switching to LNG as a so-called bridge fuel is a cautionary tale, say experts, given the country's declining reserves and the fact that natural gas is still a fossil fuel, albeit with lower emissions.
2 years agoAfter starting 2023 in vogue, on hopes of a rapid boost in Chinese sales and the post-pandemic US spending boom showing few signs of letting up, the Europe Luxury 10 has just posted its biggest quarterly slide since 2020.
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