Business News Asia
Crude oil futures closed lower on Tuesday, January 24th, as investors expressed concerns about a potential global recession and reports indicating that US crude inventories rose more than expected last week. The fall in crude futures came after the American…
According to preliminary surveys from S&P Global, Eurozone business activity turned unexpectedly into modest growth in January, indicating that the Eurozone economic downturn may not be as severe as expected and the Eurozone could avoid a recession. The Purchasing Manager’s…
Tokyo’s Nikkei closed a third straight day of gains to a new one-month closing high of 27,299.19, up 393.15 points, or +1.46%, as investors eased concerns about a periodic rate hike by the US Federal Reserve (Fed) resulted. The winners…
The Central Bank of Pakistan has raised the interest rate by 1% to 17%, the highest level since October 1997 and in line with analysts’ forecasts. The central bank stated that such interest rate hikes are aimed at curbing inflation,…
Crude oil futures closed lower on Monday, January 23rd, as investors took profits after the West Texas Intermediate (WTI) oil contract hit a 7-week high during the day. According to Phil Fine, an analyst at Price Futures Group, WTI initially…
SEOUL, South Korea – South Korea’s Customs Service announced on Saturday that exports for the country fell 2.7% in the first 20 days of January year-on-year, primarily due to a slump in semiconductor chip export sales. Exports were valued at…
BANGKOK, Thailand – The Thai baht has rallied ahead of other Asian currencies, supported by the return of Chinese tourists during Chinese New Year. The baht appreciated to a nine-month high of 32.65 baht per dollar on Friday, Jan. 20,…
Asian stock markets closed higher on Monday, with the Nikkei in Tokyo leading the gains. The Nikkei closed higher for a second consecutive session at 26,906.04, up 352.51 points, or +1.33%, supported by buying pressure in technology stocks, and as…
The Bank of Japan (BOJ) released minutes of its December meeting on Monday, stating that Japanese government representatives attending the Dec. 19-20 BOJ meeting had urged the BOJ board to postpone the announcement of the meeting’s resolution. This was due…
Oil prices were lower on Monday morning in Asia, following the decrease from the New Year holidays in East Asia. However, most of last week’s prices were fixed on the outlook for China’s economic recovery, as the country is one…
