Tag Asia

cargo ship near port

Russian oil stored in masses off Asian ports

Data from energy analytics firm Vortexa cited by Bloomberg indicate around 1.1 million tons of Russian high-sulfur fuel oil (HSFO) was stored in tankers near major Asian ports in the week ending October 24. Compared to last year, the amount of…

stock exchange board

Asian stock markets closed higher on Monday

The Nikkei in Tokyo closed higher at 27,993.35, up 191.71 or +0.69%, driven by strong earnings from listed companies. The gainers were Nippon Kayaku+14.62%, Sumitomo Dainippon Pharma+8.08%, and TOTO+7.21%. The losers were Alps Electric+13.36%, Fujitsu-6.62%, and Pacific Metals-5.52%. In Australia,…

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Back in 1997 – The Asian Financial Crisis

Starting in July 1997, a financial crisis erupted in Asia, followed a year later by the 1998 financial crisis in the United States. In the early 1990s, many investors invested in development projects in Thailand. To do so, they converted…


IMF warns of risks for Asia after overall debt soars

According to the International Monetary Fund (IMF), overall debt levels in Asia have risen dramatically. Inflation fears and a tightening of financial conditions across Asia have led to an increase in debt. The IMF’s director of Asia and the Pacific…

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