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MSCI ratcheted up the pressure on Jakarta by announcing that it could demote Indonesia's equities to "standalone" market status, claiming the country had not done enough to crack down on coordinated trading practices in its stock market.
5 hours agoAsian markets rallied Wednesday as tech firms enjoyed a much-needed rebound, with investors taking heart from upbeat earnings that lifted sentiment ahead of a crucial reporting season. ...
15 hours agoIn response to the moves, the IDX Composite climbed more than 5 percent on Tuesday, rebounding from a nearly 15 percent drop over Friday and Monday. ...
1 day agoTraders are closely watching India's decision on which countries it will sell rice to, as this will impact global rice prices.
3 years agoChina's surprise move to slow the pace of mainland initial public offerings (IPOs) in an attempt to bolster the secondary market will cloud the fundraising plans of hundreds of companies and will weigh on the economy, bankers and lawyers said.
3 years agoA fall in demand for wine has led to over-production, a sharp fall in prices, and major financial difficulties for up to one in three wine makers in the Bordeaux region, according to the local farmers' association.
3 years agoAsian equity markets struggled for direction on Tuesday as the bounce from Beijing's efforts to support stocks ebbed, while bonds rallied and the dollar dipped ahead of US labor and manufacturing data due later in the week.
3 years agoAsian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood was still cautious ahead of readings on US jobs and inflation that could decide whether interest rates have to rise again.
3 years agoTraders have spent most of August fretting that the Fed will be forced to raise interest rates further to contain inflation owing to a string of reports pointing to a resilient US economy and jobs market.
3 years agoAsian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday, as investors braced for the risk of a hawkish tilt from Federal Reserve Chair Jerome Powell at Jackson Hole.
3 years agoAsian markets rose again Thursday after soft US and European economic data soothed recent fears that central banks will hike rates further, while tech firms were given a boost by forecast-busting earnings from AI chip titan Nvidia.
3 years agoAsian markets drifted between gains and losses Wednesday with traders struggling to maintain momentum from the previous day's much-needed bounce as they contemplate an extended period of elevated interest rates.
3 years agoDubai's main airport reported a 49 percent surge in passenger traffic in the first half of the year to 41.6 million, surpassing pre-pandemic levels, operator Dubai Airports said on Tuesday.
3 years agoChina stocks fell to around nine-month lows on Monday as investors were disappointed by milder-than-expected measures by authorities to boost confidence in the economy, with sluggish recovery and property woes keeping sentiment fragile.
3 years agoMortgage rates in the United States have surged to the highest since 2002, said a home loan finance company Thursday, adding pressure to buyers who are already grappling with high costs and low inventory.
3 years agoVinfast hopes to compete with giants such as Tesla and began building a factory in the US state of North Carolina last month.
3 years agoWall Street ended Wednesday lower and oil continued a downward slide as concerns over more Federal Reserve rate hikes and China's laggard economy weighed on investors.
3 years agoAsian markets fell Wednesday on concerns about the Chinese economy and after stronger-than-expected US retail sales data increased the likelihood of a further Fed rate hike.
3 years agoNeta will next year become the second Chinese car manufacturer to establish an EV assembly line in Indonesia, after Wuling began producing its AirEV locally in 2022.
3 years agoThe safe-haven dollar stayed firm against major peers while the yuan sank to a nine-month trough after China's central bank unexpectedly cut key policy rates for a second time in three months on Tuesday to shore up the country's sputtering economy.
3 years agoThe domestic food and beverage industry is considering raising the prices of a number of products this year to make up for the high price of refined sugar, an industry association has said.
3 years agoThe International Energy Agency said Friday it had revised upwards its forecast for global oil demand growth in 2023 as demand is "scaling record highs".
3 years agoLSD, which causes blisters and reduces milk production, is a highly infectious viral disease affecting cattle and buffalo that is transmitted by insect bites. It poses no risk to humans.
3 years agoThe Energy and Mineral Resources Ministry plans to ramp up national coal production in the second half of 2023 following requests from local producers.
3 years agoAsian share markets were mostly weaker on Tuesday as investors digested weaker Chinese trade data ahead of key inflation readings from China and the United States to deliver an updated outlook on the health of the global economy.
3 years agoAsian markets were mixed Friday at the end of a volatile week, with a fresh spike in US Treasury yields weighing on Wall Street and traders still concerned about the Federal Reserve's interest rate plans.
3 years agoAsian shares were subdued on Thursday after Fitch downgraded US sovereign debt sparking profit-taking, with investors now shifting focus to Bank of England's rate decision and earnings from Apple and Amazon.
3 years agoThe dollar struggled to make headway on Wednesday after a cut on the US government's top credit rating by Fitch raised questions about the country's fiscal outlook, though it drew some support from a relatively resilient run of economic data.
3 years agoAsian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft economic data and concerns about elevated valuations.
3 years agoAsian investors started August in the same way they ended July, with gains across markets that followed Wall Street's lead, fueled by a general sense of optimism about the economic outlook.
3 years agoDespite their price volatility, luxury items like handbags and watches can be long-term investments, collectors say.
3 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.
3 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.
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