Japan ,Tokyo City skyline, Tokyo Tower. (Photo by: Dukas/Universal Images Group via Getty Images) Prisma By Dukas | Universal Images Group | Getty Images Asia-Pacific markets were lower on Friday as Japan released revised second quarter gross domestic product figures. Hong Kong cancelled trade for the whole day due to a storm warning. Japan’s Nikkei … Read more
Asia markets mixed as Japan Q2 GDP grows less than expected; Hong Kong may pause trade CNBC Source link
Thu, Sep 7 2023 2:10 AM EDT Evergrande shares extend rally, climbing as much as 28% on Thursday Shares of Chinese real estate developer Evergrande continued its rally, climbing as much as 28% on Thursday — although the stock later pared gains to about 6.25% above its last close. This comes after Evergrande spiked more … Read more
9 Mins Ago Country Garden to issue HK$270 million worth of new shares to repay loans Chinese property firm Country Garden Holdings announced a plan to issue about 270 million Hong Kong dollars ($34.4 million) worth of new shares to repay some of its loans. The company said the new shares will issued at 77 … Read more
An Hour Ago Tata Steel CEO says sustainability considerations are very important for the industry as it develops Steel is a growing sector particularly in India, thereby making it “very important” for sustainability to be part of the solution, said CEO of Tata Steel, T. V. Narendran. “We’re going to have about 100 million tons … Read more
3 Hours Ago Japan business activity expands at faster pace in August: au Jibun bank Japan’s business activity expanded at a faster pace in August, powered by a “solid” service sector expansion, according to a private survey by the au Jibun bank. The country’s flash purchasing managers index came in at 52.6, compared with 52.2 … Read more
2 Hours Ago Country Garden Holdings to be removed from Hang Seng Index Chinese real estate company Country Garden Holdings is set to be removed from Hong Kong’s Hang Seng Index after the benchmark’s latest quarterly review. In its place, pharmaceutical firm Sinopharm will be added. Country Garden Services Holdings, which is a property management … Read more
An Hour Ago Indonesia’s second quarter GDP grew above analysts’ expectations Indonesia’s gross domestic product for the second quarter expanded 5.17% year-on-year, higher than analyst forecasts of a 4.93% growth, according to Refinitiv data. On a quarterly basis, the Southeast Asian nation’s GDP grew 3.86%. —Lee Ying Shan An Hour Ago Thailand’s July inflation numbers … Read more
The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world’s largest economy, but also because oil, a key commodity needed by all economies big and small, is priced in the greenback. Most commodities are also priced and traded in U.S. dollars. But since the Federal … Read more