Business News Asia
Last week, the release of stronger-than-expected employment data raised concerns about the US Federal Reserve (Fed) continuing to raise interest rates, leading to a decline in the stock market. The energy market also saw a decline with crude futures closing…
Asia On Monday, December retail sales are reported by Australia and Indonesia releases its fourth quarter GDP for 2022. On Tuesday, Japan announces February household spending, Australia reveals its December exports, imports, trade balance, and the Reserve Bank of Australia…
Oil futures closed lower on Friday, with investors selling crude futures due to concerns about Chinese demand for oil following the Lunar New Year holiday and the possibility of further interest rate hikes in the US after the release of…
Asian stock markets saw a mix of gains and losses on Thursday, as investors kept a close eye on the highly-anticipated US jobs data release due later in the day. In Tokyo, the Nikkei closed at 27,509.46, up 107.41 points,…
The Ministry of Agriculture, Forestry, and Fisheries in Japan has reported a 14.3% increase in the value of Japan’s exports of agricultural and fishery products in 2022. The exports reached a new high of 1.4 trillion yen ($10.88 billion), marking…
The Turkish National Statistical Office has announced a year-on-year slowdown to 57.68% in Turkey’s January inflation rate. Although this decrease was a positive outcome, it was still higher than expected at 53.5%. Despite this, the positive fundamental impact is expected…
The Caixin/S&P Global survey has reported that China’s Purchasing Managers’ Index (PMI) has risen for the first time in five months, supported by a recovery in spending and tourism after the Chinese government lifted coronavirus measures to zero. This has…
The Bank of England (BoE) raised interest rates by 0.50% to 4.0% as expected by the market, marking the 10th consecutive interest rate hike. The vote was 7-2 in favor of the increase. In its statement, the BoE indicated that…
The European Central Bank (ECB) raised interest rates by 0.50% as anticipated yesterday, marking the fifth consecutive interest rate increase. The deposit rate rose to 2.5% as a result of the interest rate increase. In addition, the ECB signaled more…
Crude futures saw a decline on Thursday (Feb. 2), affected by a strong dollar and sluggish US manufacturing data. According to the US Commerce Department, US factory orders only rose 1.8% in December, below the expected 2.2% gain. Core capital…
