Asian stocks rise, inflation data boosts Philippine peso

Breadcrumb Trail Links PMN Business Author of the article: Article content Most Asian equities edged higher on Tuesday on signs of thawing China-U.S. tensions, while the Philippine peso outperformed currencies in the region on bets of further interest rate hikes after data showed a spike in inflation. Stocks of trade-reliant Asian countries like the Philippines … Read more

Asian demand, rising costs squeeze Europe’s LNG import plan By Reuters

© Reuters. FILE PHOTO: Model of LNG tanker is seen in front of the EU flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration By Marwa Rashad LONDON (Reuters) -Europe’s plan to get through a winter of difficult Russian gas supply with significant imports of liquefied (LNG) is at risk, with U.S. supply curtailed … Read more

Asian Stocks Down as Worries of an Economic Downturn Remain By

© Reuters By Zhang Mengying – Asia Pacific stocks were mostly down on Monday morning as investors are concerned about a recession caused by tightening monetary policies from major central banks. Japan’s fell 1.72% by 10:24 PM ET (2:24 AM GMT). South Korea’s fell 2.36%. In Australia, the was down 1.03%. Hong Kong’s was … Read more

Asian markets sink after Wall Street enters bear market

Asia-Pacific equities slid in the wake of a sell-off that plunged stocks on Wall Street into a bear market, as the prospect of aggressive tightening by central banks rattled global investors. Japan’s Nikkei 225 and China’s CSI 300 index each dropped 2 per cent on Tuesday while Australia’s benchmark S&P/ASX 200 index shed 4.6 per … Read more

Asian shares slip, bond yields rise as investors await ECB

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Jun 08, 2022  •  10 minutes ago  •  3 minute read  •  Join the conversation Article content SHANGHAI — Asian stocks fell, U.S. bond yields rose and a soaring dollar pushed to a two-decade high against the yen on Thursday as investors worried about the … Read more

Why Are Asian Wealth Managers Wary of Digital Assets? By DailyCoin

Why Are Asian Wealth Managers Wary of Digital Assets? A study by consulting firm Accenture (NYSE:) revealed that many of these companies still have a few reservations about investing in digital assets. Although the demand for these products has grown significantly in recent years, most of the companies consulted have no plans to offer these … Read more

Top headlines: Ambani is richest Asian again, PMI rises to 11- year high

Xiaomi India appoints British national Alvin Tse to lead operations amid govt scrutiny over business practices. Singapore’s competition commission on Friday said it has raised concerns with the Tata Group over its acquisition of Air India. Here are the top headlines at this hour. Xiaomi names new head for India unit … Read more

Cotton rally squeezes Asian garment makers, threatens recovery from Covid

By Rajendra Jadhav, Ruma Paul and Ashitha Shivaprasad MUMBAI/DHAKA (Reuters) – A near doubling in benchmark cotton futures to 11-year highs, hard on the heels of a spike in freight and fuel prices, is clobbering Asian apparel makers while their global retail customers are reluctant to soak up the … Read more

Asian Stocks Up, Easing Lockdowns In China Offers Hopes By

© Reuters. By Gina Lee – Asia Pacific stocks were up on Wednesday morning as easing lockdowns in China offer some hope for the economic outlook. China’s inched up 0.03% by 10:32 PM ET (2:32 AM GMT) while the inched up 0.08%. Shanghai eased its lockdown on June 1, raising hopes that economic activity … Read more