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.

1 day 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. ...

5 days ago

The Latest

The Apollo Voyager crude oil tanker 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 break $100 on Russian 'military operation' in Ukraine

Global oil price benchmark Brent rose to a level last seen in September 2014.

3 years ago

People gather on a quiet Sunday afternoon on the grounds outside the Central Government Complex in Hong Kong’s Admiralty district on Jan. 9, 2022.

Markets

Most Asian markets rise but nerves on edge

Equities mostly rose Wednesday and oil prices stabilized as investors tracked developments in the Russia-Ukraine crisis after world powers imposed less harsh sanctions on Moscow than feared.

3 years ago

The American crude oil tanker Kriti Breeze is moving through the Suez Canal in Suez, Egypt, on Feb. 15, 2022.

Markets

Stocks slide, oil jumps as Russia orders troops to Ukraine regions

Oil jumped to a seven-year high, safe-havens rallied and US stock futures dived on Tuesday as Europe's eastern flank stood on the brink of war after Russian President Vladimir Putin ordered troops into breakaway regions of eastern Ukraine.

3 years ago

People walk past stalls on a street in Tokyo on Oct. 5, 2021.

Markets

Asian markets mixed, oil drops on Biden-Putin hope

Equities were mixed Monday while oil prices eased after presidents Joe Biden and Vladimir Putin agreed in principle to hold a summit to try to find a way out of the Ukraine crisis.

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

Stocks steady on hopes for diplomacy in Ukraine

US stock futures bounced on Friday and selling pressure eased in Asian share markets after the US Secretary of State agreed to a meeting with Russia's foreign minister, raising hopes for a diplomatic solution to the East-West standoff over Ukraine.

3 years ago

Electronic boards display various stock prices at Exchange Square in Hong Kong on March 9, 2020.

Markets

Asian stocks mainly up, bond yields ease as investors weigh Fed against Ukraine risks

MSCI's broadest index of Asia-Pacific shares gained 0.27 percent, capped by declines in Japanese stocks.

3 years ago

People walk at the Shibuya crossing in rainy Tokyo on February 13, 2022.

Markets

Tokyo stocks open higher on eased fears over Ukraine

Tokyo stocks opened higher on Wednesday extending Wall Street rallies on easing fears of an imminent Russian invasion of Ukraine.

3 years ago

Tempeh producer Noerhakim displays a plate of fried tempeh while working at his factory in Singaraja, Bali, on March 16, 2020.

Markets premium

Soybean prices expected to rise until May

The Trade Ministry says the trend will affect tempeh and tofu prices.

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

Asia markets slip, investors mull potential impact of Russia invading Ukraine

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent in early regional trade.

3 years ago

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

Markets

Asia stocks wary on Ukraine warnings, oil climbs

The US on Sunday said Russia might create a surprise pretext for an attack, as it reaffirmed a pledge to defend "every inch" of NATO territory.

3 years ago

A person looks at stock prices displayed in the trading gallery of RHB Investment Bank in Kuala Lumpur on Feb. 17, 2020.

Markets premium

Gambling mindset grips many Indonesian investors

The recent popularity of binary option trading has seen many unaware Indonesians lose significant amounts of money and led to blurring of the line between investing and gambling.

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

Asian stocks lose steam before US inflation test

MSCI's broadest index of Asia-Pacific shares eked a 0.10 percent gain on Thursday.

3 years ago

Pedestrians walk past a display showing the Hang Seng Index in Hong Kong on Nov. 8, 2017.

Markets

Asian stocks track Wall Street tech rally, US yields cling to highs

MSCI's broadest index of Asia-Pacific shares outside Japan added 1 percent to its highest in two weeks, helped by a 3 percent gain in Hong Kong-listed tech stocks.

3 years ago

A Japanese and a US flag are seen next to the Hiroshima Peace Memorial in Hiroshima, Japan, on May 27, 2016. The United States will ease tariffs on some steel imported from Japan, officials announced Monday.

Markets

US eases Trump-era tariffs on Japanese steel

The United States will ease tariffs on steel imported from Japan, officials announced Monday, but the deal does not resolve all the outstanding trade issues between the two countries.

3 years ago

Pedestrians and motorists walk past an arch in Chinatown district of Manila on Jan. 28, 2022, ahead of the Lunar New Year welcoming the Year of the Tiger.

Markets

Asian markets mixed as US jobs data ramps up rate-hike bets

Asian markets fluctuated in early trade on Monday as a forecast-busting US jobs report reinforced optimism that the world's top economy was well on the recovery track but also ramped up interest rate hike expectations.

3 years ago

Clean energy: A farmer removes dust from a solar panel installed in his field in the Karanganyar subdistrict of Indramayu, West Java, in November 2020. The solar cells generate power for lighting and a water pump.

Markets premium

Should I install solar panels at home?

Businesses and individuals are beginning to embrace photovoltaic systems, not least thanks to new rules passed this year.

3 years ago

Hundreds of people crowd a lane as they shop at the Mongkok Flower Market ahead of the Lunar New Year in Hong Kong, China, on Jan. 29, 2022.

Markets

Asian markets mostly rise as Hong Kong reopens, eyes on US jobs

Asian markets mostly rose Friday as a rally in Hong Kong on its first day back from a break helped overcome a sharp drop on Wall Street.

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

Wall Street ends winning run as Facebook forecast halts tech-led recovery

Meta shares lost $200 billion off its market value on Thursday, the largest ever recorded by a United States (US) company in a single session.

3 years ago

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

Markets

Asian markets extend rally as optimism returns to trading floors

With much of the region still closed for the Lunar New Year break, business was again thin, though the markets that were open enjoyed strong buying interest following an upbeat performance in Europe and New York.

3 years ago

Markets

Google parent Alphabet nearly doubles annual profit

The tech giant benefited from an accelerated shift to online shopping, working and learning during the pandemic, a trend that also benefited fellow giants like Amazon and Facebook.

3 years ago

An oil refinery in Libya's northern town of Ras Lanuf is pictured on June 3, 2020. The 23 OPEC+ countries are expected to agree on a modest increase in output at a meeting on Feb. 2, 2022.

Markets

Top oil producers eye modest output boost as prices surge

The 23 members of the OPEC+ oil cartel, who meet on Wednesday, are expected to stick to their guns and increase output modestly as the price of crude surges.

3 years ago

Rolled Euro banknotes are placed on US Dollar banknotes in this illustration taken May 26, 2020.

Markets premium

Dollar near 18-month high ahead of bumper central bank week

This week will go far to define the psychology of the market for the next few months, said Westpac analysts.

3 years ago

A close-up shows the Marriner S. Eccles Federal Reserve building in Washington, DC, on Jan. 26, 2022, the day the Fed concluded its first policy meeting of the year.

Markets

Asian markets drop as Fed signals end of pandemic-era cheap cash

Equity markets tumbled in Asia on Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by Federal Reserve boss Jerome Powell who signaled the bank would begin lifting interest rates in March.

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

Asian shares cautiously higher as investors await Fed policy update

Concerns that the Fed's expected interest rate hikes could hammer Asia's equities markets have dragged on MSCI's broadest index of Asia-Pacific shares.

3 years ago

Deputy Trade Minister Jerry Sambuaga speaks on Jan. 23, 2022 at an event in Bali hosted by the Tokocrypto crypto exchange.

Markets premium

Crypto transactions could triple in 2022: Trade Ministry

The ministry expects domestic crypto transactions to double or triple this year, when it plans to launch a national crypto exchange in the first quarter.

3 years ago

A man walks on a footbridge in the Minato district of Tokyo on Jan. 23, 2022.

Markets

Asia shares brace for hawkish Fed, Ukraine tensions

The Nikkei is off 0.6 percent, but Wall Street futures try to bounce as the Fed is expected to sound hawkish on March rate hike.

3 years ago

A visitor wearing protective face mask, following an outbreak of the coronavirus, walks past in front of an electric screen displaying Nikkei share average outside a brokerage in Tokyo, Japan March 2, 2020. REUTERS/Issei Kato

Markets

Asian markets fall after weak showing on Wall Street, oil tumbles

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

3 years ago

The headquarters of the People's Bank of China (PBC or PBOC), the Chinese central bank, are pictured in Beijing on Aug. 7, 2011.

Markets

China cuts lending rates, boosting property firms

China further reduced bank lending costs Thursday in the latest move to boost its stuttering economy, providing some much-needed support to the country's beleaguered developers.

3 years ago

Windmills from the Faroese power company SEV are pictured , in the Faroe Islands, Denmark, on Oct. 10, 2021. The Faroe Islands are known for its fishing and sheep farming as the main industries.

Markets

Denmark's first green bond sees strong demand

The country raised US$762 million to finance its energy transition.

3 years ago

Markets

Asia shares drop as Treasury yields hit fresh highs

MSCI's broadest index of Asia-Pacific shares outside Japan reflected the sombre tone, trading down 0.1 percent in mid-morning trade after closing lower for four days straight.

3 years ago

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