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 (...)
US Treasury Secretary Janet Yellen warned China that the US will not tolerate new industries being harmed by Chinese imports, Reuters reported on Monday. She emphasised the need for Beijing to address excess industrial capacity during her recent (...)
Japanese companies are increasing investments in the US to tap into robust consumer spending, shifting focus from China, Nikkie reported on Sunday.
The US-Japan summit will discuss subsidies for key goods like semiconductors, potentially widening (...)
Asian shares rose on Thursday as investors anticipated potential US rate cuts, with the yen weakening against most currencies except the dollar, boosting Japanese stocks, as reported by Reuters.
Gold, oil, and copper prices also surged, benefiting (...)
Asian stocks rose on Tuesday, with the dollar strengthening and the yen hovering near the 152-per-dollar level, raising concerns about potential intervention, Reuters reported on Tuesday.
Expectations of a Federal Reserve interest rate cut (...)
Factory activity in many Asian economies weakened in March, with some exceptions in China and South Korea, as reported by Reuters on Monday, citing surveys and data.
China's Caixin/S&P Global manufacturing purchasing managers' index (PMI) rose to (...)
UAE's Upper Zakum crude exports dropped significantly as Abu Dhabi National Oil Company (ADNOC) prioritised supplying its refinery with Murban oil in March, shifting the market dynamics, as per a Reuters report citing industry sources and (...)
South Korea's manufacturing activity weakened in March due to sluggish domestic demand despite strong overseas sales, according to a private survey reported by Reuters on Monday.
The Purchasing Managers Index (PMI) for manufacturers in South Korea (...)
The dynamics of global liquefied natural gas (LNG) supplies are pivoting back towards Asia following a decline in prices, triggering increased purchases from emerging economies, according to a Bloomberg report.
In March, shipments to Asia surged to (...)