Asian stocks surged on Wednesday, led by a rally in technology shares, as investors shifted their focus to upcoming earnings reports from major US tech companies, Reuters reported.
The sentiment was boosted by a surge in Tesla's share price (...)
Gold prices edged higher on Wednesday, reaching $2,325.23 per ounce, but remained confined to a tight trading range, as reported by Reuters.
Investors are awaiting key US economic data releases this week for clues on the Federal Reserve's interest (...)
Japanese chemical company Asahi Kasei plans to construct a new $1.3 billion plant in Canada to manufacture essential components for electric vehicle (EV) batteries, The Nikkei Asia reported on Wednesday.
The facility will primarily serve Honda (...)
The ruling party in Japan is closely monitoring the yen's recent slide towards 160 to the dollar, Reuters reported on Wednesday.
While there is no unanimous agreement within the party, the currency's further decline could prompt policymakers to take (...)
Asian stocks continued their upward trajectory on Tuesday, gaining 0.8 per cent, fueled by gains on Wall Street and anticipation surrounding earnings reports from US tech giants, as reported by Reuters.
However, a strong dollar and lingering (...)
Japan's private sector kicked off the second quarter with a burst of growth, fueled by a booming service sector and a slowdown in manufacturing's decline, according to flash PMI data released by S&P Global on Tuesday.
The au Jibun Bank Flash Japan (...)
India is set to become the world's fourth-largest economy by 2025, a year earlier than previously projected, NIKKEI Asia reported on Sunday, citing a revised estimate from the International Monetary Fund (IMF).
This means India, with an estimated (...)
أكمل قمر صناعي لإزالة النفايات الفضائية تم إطلاقه لصالح شركة Astroscale اليابانية مناورات الالتقاء مع هدفه الجديد وهو صاروخ فضائي محطم منذ عام 2009، وفقًا لتقرير سبيس.
وتم إطلاق القمر الصناعي لإزالة الحطام بواسطة Astroscale-Japan (ADRAS-J) على صاروخ (...)
Asian stocks staged their biggest rally in a month on Thursday, with regional markets looking to recover from recent losses, as reported by Reuters.
MSCI's broadest index of Asia-Pacific shares outside Japan jumped one per cent, led by gains in (...)
The US dollar took a breather on Thursday after Federal Reserve comments solidified expectations of continued monetary tightening, Reuters reported.
This, along with efforts by the G7 to maintain currency stability, dampened the greenback's recent (...)
Asian shares stabilised on Wednesday after a recent sell-off, as investors remained cautious following a shift in US rate cut expectations by the Federal Reserve Chair, leading to higher Treasury yields, as reported by Reuters.
MSCI's broadest index (...)
Morgan Stanley is trimming its investment banking workforce in Asia Pacific by at least 50 positions, sources familiar with the matter told Reuters.
This move reflects a broader trend among global banks retreating from the region, largely in (...)
Japanese oil refiners, despite escalating tensions in the Middle East, foresee no immediate impact on crude procurement, Reuters on Wednesday.
Shunichi Kito, head of the Petroleum Association of Japan (PAJ), stated that Japan maintains reserves to (...)
Japan recorded a trade deficit for the third consecutive year ending in March, amounting to 5.89 trillion yen ($38 billion), Reuters reported on Wednesday, citing data released by the Finance Ministry.
Rising energy costs and a weaker yen (...)
The New and Renewable Energy Authority (NREA) and the Sovereign Fund of Egypt (TSFE) are poised to present the Zafarana wind farm's subsequent phase to investors for bidding in the latter half of this year.
Insiders disclosed to Daily News Egypt (...)
Egypt's Minister of International Cooperation, Rania A Al-Mashat, met with representatives from the Japan International Cooperation Agency (JICA) to discuss strengthening the strategic partnership between the two countries.
This came on the (...)
The International Monetary Fund (IMF) revised on Tuesday the world growth forecast upwards to 3.2 in 2024, reflecting a 0.1 percentage point increase from their January prediction, according to its World Economic Outlook report.
This upward revision (...)
Asian stocks plunged on Tuesday, tracking a broad market sell-off as stronger-than-expected US retail sales data for March dampened hopes of an interest rate cut from the Federal Reserve this year, as reported by Reuters.
The upbeat retail figures, (...)
Asian shares fell and gold prices rose on Monday due to concerns over escalating tensions in the Middle East following Iran's attack on Israel, Reuters reported.
The US dollar reached a 34-year high against the yen on expectations of sustained (...)
A coalition of climate groups, including Australia's Market Forces, Japan's Kiko Network, and a representative of Rainforest Action Network, have submitted shareholder proposals to Japan's top three banks, Mitsubishi UFJ Financial Group, Sumitomo (...)
The dollar remained stable on Monday, maintaining its largest weekly gain since 2022, supported by expectations of sustained high US interest rates and escalating tensions in the Middle East, as reported by Reuters.
The dollar index, which measures (...)
Iran warned that it would escalate its military response if Israel or the US retaliated for the recent Iranian strike on Israel. The strike, conducted on Saturday night, utilised over 300 drones and missiles, marking Iran's first direct attack on (...)
US Steel shareholders voted in favour of the $14.9 billion acquisition by Nippon Steel of Japan. Over 98% of votes approved the deal, where Nippon will acquire each share for $55, Reuters reported on Friday.
However, the deal faces opposition. US (...)
Stock prices in Asia followed Wall Street lower on Thursday. This came after stubbornly high inflation in the United States caused investors to become less optimistic about the Federal Reserve cutting interest rates later this year. As a result, the (...)
Asian shares were subdued on Monday as investors awaited the US Federal Reserve's decision on rate cuts, as reported by Reuters.
Oil prices dropped over one per cent due to easing Middle East tensions, while gold prices hit a new high.
Asian shares (...)