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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 agoThe move appeared to quickly calm the market as the shekel recovered from steep early losses.
2 years agoRisk sentiment was fragile after Israeli forces clashed with gunmen from the Palestinian group Hamas over the weekend, hours after the militants launched a surprise attack on Israel in the deadliest day of violence in the country for 50 years.
2 years agoRising geopolitical risk would see buying in assets like gold and the dollar, and boost demand for US Treasuries, which have been sold off aggressively, analysts said over the weekend.
2 years agoBank Indonesia (BI) revealed on Friday that Indonesian foreign exchange (forex) reserves dwindled for the third consecutive month in September, but the central bank said the reserve level remained “high”.
2 years agoThe dollar charged toward a 12-week winning streak on Friday, though it remained mostly rangebound as markets looked to US nonfarm payrolls data later in the day for clues on whether the Federal Reserve's hawkish messaging on rates will need tweaking.
2 years agoID Food plans to import the remaining 125,000 tonnes of the government's sugar quota this year in an effort to calm the retail price for the commodity, which recorded a 7.76 percent rise in early October.
2 years agoGrowth concerns weighed on crude oil and gold prices, and European equities edged lower for a third day as retailer shares fell on a consumer spending pullback.
2 years agoChinese investors have been scaling back their investments in the Indonesian property sector as the East Asian giant’s developers face a property market crisis at home.
2 years 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.
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