Business News Asia
The oil market received a boost on Tuesday as China’s annual economic growth data exceeded expectations and the country’s COVID-19 policies were relaxed. Brent crude futures rose by 1.70% to $85.90 per barrel, while U.S. West Texas Intermediate crude increased…
China’s yuan-denominated new loans totaled 1.21 trillion yuan ($174 billion) in November, central bank data showed Monday. That was less than the expected 1.35 trillion yuan. However, the figure improved significantly from the previous month, when loans totaled 615.2 billion…
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…
U.S. investment bank Goldman Sachs has laid off at least 25 bankers in Asia. The reason for this is the volatility on the capital markets, which affects business in all sectors. According to the report, the layoffs affect the capital…
Russia has begun regulating energy supplies to customers in Asia. New Russian energy operator Sakhalin Energy LLC has stopped natural gas (LNG) deliveries from its Far East facilities to customers. At least 1 in North Asia due to payment problems…
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,…
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…
To raise interest rates or not? This is the question facing many central banks in Asia. There is no doubt that some Asian countries are struggling with high price inflation, and raising interest rates would be the logical step to…
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…
The Asian stock markets closed mostly in positive territory, with the exception of Shanghai and Hong Kong. The focus this week will be on the meeting of the U.S. Federal Reserve and its further interest rate policy. Will the Fed…
