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Asian stocks advanced on Thursday after upbeat earnings from Nvidia soothed concerns over AI-driven disruption and rising costs, while the yen was in the doldrums, bogged down by a murky rate outlook in Japan.
2 days agoAsian stocks stabilized after a wobbly start on Tuesday as a fresh AI-linked selloff on Wall Street rattled investors, with sentiment also hurt by heightened anxiety over US President Donald Trump's tariff policy and geopolitical tensions. ...
4 days agoThe IDX, along with the OJK, has announced a new policy to double the minimum free float requirement to 15 percent from 7.5 percent at present, using a case-by-case approach in addition to assistance for listed firms for gradual implementation by March. ...
5 days 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.
2 years agoExcess rainfall means Indonesian producers cannot take advantage of a global deficit of coffee beans and high prices, particularly for robusta.
2 years agoStocks in Hong Kong and Shanghai led equity losses Tuesday as a smaller-than-forecast interest rate cut by China's central bank added to worries about the lack of action to kickstart the country's lumbering economic recovery.
2 years agoThe yuan slipped toward seven-month lows on Tuesday as China cut lending benchmarks, while the Australian dollar fell after latest central bank meeting minutes showed keeping interest rates unchanged was under consideration.
2 years agoThe government has agreed to import 1 million tonnes of rice from India in a move that it says is necessary to ensure a sufficient supply of the staple food amid an increased risk of poor harvests this year.
2 years agoThe yen fell to a new 15-year low against the euro on Friday after the Bank of Japan (BOJ) kept ultra-low interest rates and forecast that inflation will slow later this year in contrast with the European Central Bank's (ECB) rate hike on Thursday.
2 years agoThe US dollar rallied in Asian trading on Thursday after the Federal Reserve signaled rate hikes later in the year, while China's and New Zealand's currencies fell on signs of weakness in those economies.
2 years agoAsian investors traded cautiously Monday as they awaited key US inflation data and the Federal Reserve's interest rate decision later this week.
2 years agoThe dollar retreated on Friday, dragged down by lower US Treasury yields after a spike in weekly jobless claims raised hopes that a peak in US interest rates was near.
2 years agoThe Australian dollar jumped to its highest since mid-May on Tuesday after the Reserve Bank of Australia raised interest rates, in a decision that many analysts had said would be a close call between a hike and a pause.
2 years agoAsian equities on Monday built on a global rally after a mixed US jobs report lifted hopes the Federal Reserve will hold off hiking interest rates this month.
2 years agoMajor oil producers led by Saudi Arabia and Russia met Sunday to discuss slashing output further in a bid to prop up prices, talks that are seen as tough amid tensions between Riyadh and Moscow.
2 years agoStocks markets rallied on Friday after senators voted to lift the US debt ceiling and as strong jobs data eased fears for the world's top economy.
2 years agoThe euro held its ground on Thursday, above a two-month low, after European Central Bank (ECB) President Christine Lagarde said inflation remains too high and further policy tightening was necessary.
2 years agoAsian markets sank Wednesday on worries that hardline Republicans could vote down a crucial bill to hike the US borrowing limit and risk a catastrophic default that could hammer an already fragile global economy.
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