Asian Stocks Fall As Rate Hike Jitters Mount, China Leads Losses
Most Asian stock markets retreated on Thursday, tracking a weak lead-in from Wall Street as fears of rising interest rates and slowing economic growth kept traders wary of risk-driven assets. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes were among the worst performers...
Explainer-What India’s Decision to Scrap Its 2000-Rupee Note Means For its Economy
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The...
Percentage of senior women at European hedge funds halved since 2021 -Preqin
The percentage of women holding senior positions at European hedge funds has more than halved since 2021, according to a report on Wednesday by data provider Preqin. Commenting on the report, Megan Tobias Neely, a former hedge fund analyst, academic and author of "Hedged...
Asian Stocks Cautiously Higher As Debt Ceiling Bill Moves Forward
Most Asian stocks edged higher on Thursday, encouraged by progress towards averting a U.S. debt default, while signs of life in China’s manufacturing sector also helped fish local stocks from six-month lows. The U.S. House of Representatives voted in favor of a bill to...
Asian Stocks Skittish After The Fed, Chinese Markets Reopen Stronger
Most Asian stock markets kept to a tight range on Thursday as investors mulled over rising interest rates and a worsening economic outlook, although strong holiday spending figures from China supported local shares. China’s Shanghai Composite index rose 0.6%, while losses in the Shanghai...
Oil Prices Dip, But Eye Positive Week On Chinese Demand Bets
Oil prices fell slightly on Friday as traders weighed the prospect of more economic headwinds from rising interest rates, although renewed optimism over a rebound in Chinese demand put prices on course for strong weekly gains. Crude markets logged wild swings in recent sessions...
Gold Prices Mixed, Copper Sinks On Weak China GDP Target
Gold prices were mixed on Monday amid some uncertainty over U.S. monetary policy, while copper prices retreated sharply as major importer China set a weaker-than-expected GDP target for 2023, undermining expectations of a strong recovery in demand. Bullion prices were aided by a drop...
Nvidia Jumps on Bullish Outlook For AI-Fueled Demand; Sees Gaming Rebound
Nvidia (NASDAQ:NVDA) said better times are ahead for its chipmaking business, sensing a huge opportunity for its high-performance chips amid a growing frenzy for the new generation of artificial intelligence tools. "AI is at an inflection point, setting up for broad adoption reaching into...
Singapore March Core Inflation Rises 5%, Slightly Less Than Forecast
Singapore’s key consumer price gauge rose 5% in March, slightly lower than forecast, official data showed on Monday. The core inflation rate – which excludes private road transport and accommodation costs – rose 5% year-on-year in March, lower than the 5.5% rise seen in...
Japan to Make Raising Wages a Top Priority, Says Senior Govt official
Japan's government will make raising wages a top priority in its economic policy next year, Deputy Chief Cabinet Secretary Seiji Kihara said on Wednesday. "The biggest challenge for Japan's economy is a lack of wage growth. Unless wages rise, consumption won't pick up and...