The eagle statue sits on the Marriner S. Eccles building of the Federal Reserve Board on Aug. 6, 2025 in Washington, DC.

Trump moves to fire a Fed governor over mortgage fraud claims

US President Donald Trump moved to fire Federal Reserve Governor Lisa Cook "effective immediately" on Monday, citing allegations of false statements on her mortgage agreements -- as he expanded pressure on the independent central bank.

20 hours ago

Markets premium

Govt eases coal and mineral pricing rules after market backlash

However, royalties and taxes will still be calculated using the government’s coal benchmark price (HPB) and mineral benchmark price (HPM). ...

1 day ago

Markets

Asian shares choppy, dollar steady as traders await Powell speech

Stocks in Asia edged higher in a shaky start on Friday as anxious traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium. ...

4 days ago

The Latest

Traders sell staple foods at a traditional market, in this undated photograph.

Markets premium

Four staple foods to lead food price surge in Ramadan

The trade ministry has warned that loosened pandemic restrictions, the upcoming Ramadan and Idul Fitri festivities could result in rising demand for imported staple foods, while commodity prices in world markets continue to fluctuate due to the Russia-Ukraine conflict.

3 years ago

Motorcycles line up for Pertamax fuel in this undated photograph.

Markets premium

Pertamina raises Pertamax gasoline prices

This is the first time in two years that Pertamina has raised Pertamax prices, a move made to adjust to soaring global crude costs.

3 years ago

A screen displays the IDX Composite index at the Indonesia Stock Exchange (IDX) building in Jakarta on May 26, 2020.

Markets premium

Fed rate hike has little effect on Indonesian markets, but risks loom

Stocks, bonds and the rupiah showed little change the day after the United States Federal Reserve raised its benchmark rate.

3 years ago

A pedestrian wearing a face mask walks past a stock indicator displaying numbers of Nikkei 225 of the Tokyo Stock Exchange in Tokyo on Jan. 4, 2021, on the first trading day of the year.

Markets

Asia shares join global rally after Ukraine-Russia talks

MSCI's broadest index of Asia-Pacific touched its highest level since March 4.

3 years ago

Markets

Yen at 6-year low on decisive Bank of Japan move to tamp down bond yields

The BOJ has pledged to keep policy loose, in contrast with most other major central banks which are in rate hike mode.

3 years ago

People wear protective masks as they walk past a panel displaying the Hang Seng Index during morning trading following the outbreak of COVID-19 in Hong Kong, China, on March 2, 2020.

Markets

Asia shares and oil slip, yen sinks as Bank of Japan stays super-loose

MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.8 percent.

3 years ago

Digital signs display stock market information in the central district of Hong Kong, China, on Nov. 5, 2021.

Markets

Asian shares fall as Ukraine war stokes inflation fears, oil ticks higher

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent.

3 years ago

A pedestrian walks past an electronic quotation board displaying the closing share prices of the Tokyo Stock Exchange in Tokyo, Japan, on Feb. 7, 2022.

Markets

Asian markets extend gains after Wall Street rally

While there remains concern about the war in Ukraine, analysts said some confidence had seeped back into trading floors.

3 years ago

A visitor observes an electronic board showing movements on the Jakarta Composite Index at the Indonesia Stock
Exchange in Jakarta.

Markets

Asian miners' shares lead gains as war and rate hikes rattle nerves

Gains in banks, energy and mining stocks lifted Asian equities a little higher on Tuesday as investors braced for aggressive United States (US) rate hikes and war disrupting oil supplies.

3 years ago

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, United States on Aug. 19, 2021.

Markets

Shares in sober mood, yen near six-year low

Most share markets rallied last week in anticipation of an eventual peace deal on Ukraine, but it could take actual progress to justify further gains.

3 years ago

Medical workers arrive before the opening bell at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City.

Markets

Wall Street stocks, oil prices rise after aggressive Fed hike outlook

US Treasury yields held just below three-year highs on Thursday and the closely-watched yield curve steepened, after earlier sitting at its flattest level in more than two years.

3 years ago

A pedestrian wearing a face mask walks past an electronic board displaying the closing numbers of Nikkei 225 index in Tokyo on November 9, 2020, as Asian markets react to results of the US presidential election.

Markets

Tokyo's Nikkei index up 3% on Fed rate hike

The Nikkei rose 3.14 percent or 808.34 points to 26,570.35 in the first 15 minutes of trading, while the broader Topix index added 2.39 percent or 44.35 points to 1,897.60.

3 years ago

People cross a street in the financial district in Hong Kong, China, on March 15, 2022.

Markets

Asian markets bounce on bargain-buying

Asian markets saw a much-needed bounce Wednesday as Hong Kong's tech giants led a rally in the city after their recent rout, while oil prices rose back above $100 but remain pressured by concerns over demand from China.

3 years ago

This photo taken on March 16, 2020, shows a man holding up soybeans imported from the United States. Indonesia uses imported soybeans to produce tempeh and tofu.

Markets

Argentina suspends soyabean exports as prices rise

The policy gives regulators time to introduce a new tax rate, before firms register future exports.

3 years ago

A pedestrian looks at a quotation board displaying foreign exchange rates including US dollar against the Japanese yen, in Tokyo, Japan, on March 9, 2020.

Markets

Shares up as oil skids on hopes for Ukraine talks

There was an exception in MSCI's broadest index of Asia-Pacific shares outside Japan that was dragged down 1.1 percent by losses in China.

3 years ago

Traders wearing masks work on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, United States, on May 26, 2020.

Markets

Tech rout drags China shares lower after US SEC hints at delistings

The Hang Seng Tech Index dived more than 7 percent, dragging the Hang Seng Index down more than 3 percent.

3 years ago

Markets

Asian markets drop as inflation spike fans rate fears

Bets on a more aggressive approach by the Federal Reserve to rein in runaway prices added to nervousness on trading floors.

3 years ago

Beef is displayed at a butcher shop on May 12, 2020 in the Melbourne suburb of Yarraville. Indonesia is heavily dependent on the Australian red meat industry, which fulfilled 70 percent of its beef and buffalo meat consumption in 2020.

Markets premium

Beef prices seen to reach new highs as Ramadan meets supply snags

Indonesian producers expect prices to surge as the upcoming holiday season fuels demand amid the ongoing supply disruption in Australia.

3 years ago

People wearing protective masks stand in front of a screen showing Nikkei index outside a brokerage in Tokyo, Japan, on Aug. 31, 2020.

Markets

Asian shares surge as Russia-Ukraine talks buoy sentiment

MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.6 percent in early trade.

3 years ago

The Apollo Voyager crude oil tanker is anchored in the Pacific Ocean off the coast near the Chevron El Segundo oil refinery on Nov. 16, 2021, as seen from Manhattan Beach, California, US.

Markets

Oil prices surge as US bans imports from Russia

Crude oil prices surged Tuesday as the United States banned Russian energy imports, while nickel prices rocketed to a record peak on Russian supply fears.

3 years ago

A sign is pictured at the London Metal Exchange (LME) following its relocation in central London on Feb. 18, 2016.

Markets

London suspends nickel trade after record spike

The London Metal Exchange on Tuesday suspended trade in nickel after the base metal rocketed to a record peak above US$100,000 as Russian supply concerns sparked sharp volatility.

3 years ago

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US on Aug. 19, 2021.

Markets

Oil, commodities surge amid selloff in global shares

Euro zone real government bond yields fell sharply as surging energy prices fueled concerns that global economies are at risk of stagflation, a condition in which prices soar while growth stagnates.

3 years ago

A photograph taken on March 4, 2022, in Zug shows the sign of the Swiss-based pipeline project company Nord Stream 2 that had filed for bankruptcy and laid off its entire workforce of 106 people following sanctions imposed on the Russian-European gas pipeline project in retaliation for Russia's invasion of Ukraine.

Markets

Natural gas prices rocket to records on supply fears

Europe and UK natural gas prices soared to record highs Monday on fresh supply fears after the United States proposed an embargo on Russian crude oil.

3 years ago

The German-flagged tanker Seacod berths at the Tranmere Oil Terminal on the River Mersey near Liverpool, Britain, on March 5, 2022.

Markets

Oil surges, shares and euro hit the skids

Oil prices soared and shares sank in hectic trading on Monday as the euro extended its slide and commodities of all stripes were on the rise, with gold almost back at $2,000 an ounce.

3 years ago

Markets

Asia stocks slide to 16-month low on report of Ukraine nuclear plant fire

The risk-off appetite battered markets across the region, sending US stock futures also sharply lower, suggesting more pain for European and US markets when they open later in the day.

3 years ago

Passersby wearing protective face masks walk past a stock quotation board in Tokyo on Feb. 24, 2022.

Markets

Asia stocks edge higher, oil races to the moon

Asian shares crept higher on Thursday after reassuring comments from the Federal Reserve helped Wall Street rally, though the war in Ukraine sent oil and resource prices spiraling ever higher in a grim omen for global inflation.

3 years ago

Facilities of the Novoprtovskoye oil and gas condensates oilfield, 250 km north of the town of Nadym in northern Russia, are pictured on Feb. 18, 2015.

Markets

Brent oil breaks $110 a barrel, WTI up 5%

Brent crude broke above $110 a barrel on Wednesday and WTI was up more than 5 percent as Russia's invasion of Ukraine continues and far-reaching sanctions on Moscow fuel worries about exports from Russia.

3 years ago

A pedestrian walks past an electronic quotation board displaying the closing share prices of the Tokyo Stock Exchange in Tokyo on Feb. 7, 2022.

Markets

Japanese, Chinese stock markets open higher

Stocks listed in Tokyo, Hong Kong and Shanghai opened higher on Tuesday after Wall Street avoided sharp selloffs on the Ukraine crisis, while investors awaited further economic news in the US.

3 years ago

A trader works inside a booth on the floor of the New York Stock Exchange (NYSE) in New York City, US, on Jan. 18, 2022.

Markets

Asian markets track Wall Street rally as traders weigh Russia sanctions

News of Washington's response to Russia provided a big boost to Wall Street, where all three main indexes surged from deep in the red to end Thursday on a positive note, while crude eased back below $100.

3 years ago