Tag Asia

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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…

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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…

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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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