- November 25th, 2024
Major markets in Asia felt the impact of US tech stock pullbacks on Friday, as lackluster corporate results from American tech giants led to cautious trading across the region. While oil prices surged on heightened tensions in the Middle East,...
In a move signaling Saudi Arabia’s accelerating drive towards agricultural self-sufficiency, the Saudi Agricultural & Livestock Investment Co. (Salic) is closing in on a deal to acquire full control of Olam Agri Holdings. The transaction, valued at approximately $4 billion,...
As Asian markets opened in November, global financial trends prompted caution among investors, with shares mostly dipping and U.S. Treasury yields nearing three-month highs. The month’s kickoff has been marked by expectations of significant U.S. data releases, a pivotal Federal...
As the International Space Station (ISS) moves towards the end of its operational life in the early 2030s, China’s Tiangong Space Station is positioned to play a central role in the next phase of space exploration. With comprehensive expansion plans,...
In a remarkable financial shift, dollar bond spreads for Asia’s high-grade issuers have reached record lows, driven by aggressive monetary and fiscal measures by Chinese policymakers. The gap in yield premiums on Asian bonds has closed to 74.6 basis points...
Oil prices surged on Thursday, building on a rally from the previous day as bullish sentiment around U.S. fuel demand emerged following an unexpected drawdown in both crude and gasoline inventories. Additionally, the market responded positively to reports that OPEC+...
As the yen heads for its largest monthly loss since 2016, markets watch closely for shifts from the Bank of Japan and key U.S. economic data ahead of the presidential election. The Japanese yen continued to face intense pressure on...
Shares of Korea Zinc, the world's largest zinc refiner, saw a significant drop for the second consecutive day on Thursday, sparking investor concerns and drawing scrutiny from regulators. The decline comes as Korea Zinc announced plans to issue new shares...
Asian equities traded lower Thursday following declines in U.S. stocks and government bonds, triggered by robust economic data that raised concerns about the Federal Reserve's timeline for potential interest rate cuts. Australian and Japanese markets experienced early losses, while an...
Trafigura, one of the world's largest independent commodity trading companies, announced on Wednesday that it would be allocating $1.1 billion as a provision for misconduct discovered in its Mongolian petroleum products supply business. which unearthed evidence of data manipulation and...
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