Asian Business News

Latest News

  • Net Asset Value(s) Business Wire - 35 seconds ago

    LONDON--(BUSINESSWIRE)-- FUND   ¦ db x-trackers FTSE China 50 UCITS ETF (DR) DEALING DATE ¦ 02-Sep-15 NAV PER SHARE ¦ USD28.1467 NUMBER OF SHARES IN ISSUE ¦ 12,219,247 CODE ¦ View source version on businesswire.com: ...

  • China A Threat To World Growth Say ECB And IMF Sky News - 1 hour 24 minutes ago
    China A Threat To World Growth Say ECB And IMF

    The European Central Bank has joined the International Monetary Fund in warning of risks to economic growth from the slowdown in China and other emerging markets. He told a news conference a return to falling prices, or negative inflation, was possible in the coming months despite its €1.1tn quantitative easing (QE) programme, …

  • Shrinking U.S. trade gap shows economy's underlying strength Reuters - UK Focus - 2 hours 13 minutes ago

    While other data on Thursday showed an increase in the number of Americans filing new claims for unemployment benefits, the trend in jobless claims remained consistent with a strengthening labor market. June's trade deficit was revised to $45.2 billion from the previously reported $43.8 billion. Data ranging from consumer …

  • Here's why I'm still optimistic about the prospects for Asia-focused Unilever plc (LON: ULVR), Anglo American plc (LON: AAL) and Jimmy Choo PLC (LON: CHOO)

  • China's Devaluation the Touch Paper for Currency Markets The Wall Street Journal - 2 hours 56 minutes ago

    China’s yuan devaluation last month has sparked off a busy summer in currency markets, and volatility is set to continue into the fall. Data released Thursday by ICAP Plc shows that global foreign exchange trading volumes on its platform averaged $100 billion a day.

  • The euro steadied on Thursday, having rallied 1.5 percent on a trade-weighted basis since China devalued the yuan last month, with the focus on whether the rise could prompt the European Central Bank (ECB) to sharpen its language and talk it down. ECB President Mario Draghi will address a news conference at 1230 GMT, having …

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, Sept 3 (Reuters) - It (Other OTC: ITGL - news) 's tempting to mould events to suit your view of how the world should be, and there seems to be plenty of that in the coal debate. Falling imports by China and India, the two largest buyers of the dirty fuel, …

  • Russia's Rosneft said on Thursday China Petrochemical Corporation had the right to buy a 49 percent stake in its subsidiaries that hold the exploration licenses for Russkoye and Yurubcheno-Tokhomskoye ...

  • Today, in the presence of the President of Russian Federation Vladimir Putin and the President of People’s Republic of China Xi Jinping, OAO NOVATEK (“NOVATEK”) and China’s Silk Road Fund (“SRF”) concluded a framework agreement on the acquisition by SRF of a 9.9% equity stake in the Yamal LNG project (“Project”).

  • Russia's second-biggest mobile phone operator Megafon said on Thursday it had signed a framework agreement with China Development Bank for potential financing of up to $600 million. The financing could ...

  • (ShareCast News) - Mining giant Rio Tinto said on Thursday that it expects demand for iron ore and steel to continue growing despite a slowdown in China.

  • Oman is rescheduling some of its liquefied natural gas (LNG)exports as rising domestic demand for power generation causes gas shortages that are hurting its industry, company officials said. Nearly all of Oman's gas exports go to Japan and South Korea. Some gas originally due to be delivered this year would be supplied …

  • Businesses in Britain's services sector recorded their slowest growth in more than two years last month, mirroring signs of economic weakness in the United States and China, a closely watched survey showed on Thursday. Financial data company Markit (NasdaqGS: MRKT - news) , which compiled the figures, said Britain's overall …

  • Venezuelan President Nicolas Maduro said on Thursday he would talk to Russian President Vladimir Putin about what could be done to stabilise world oil markets and prices. Maduro made the comments as the two men, both leaders of major oil producing countries, began talks in Beijing, after attending a military parade to …

  • Britain's services sector recorded its weakest growth in more than two years last month, mirroring signs of economic weakness in the United States and China, a closely watched survey showed on Thursday. Financial data company Markit (NasdaqGS: MRKT - news) , which compiled the figures, said Britain's overall economic …

  • Morning MoneyBeat Europe: Will the ECB Crank Up QE? The Wall Street Journal - 6 hours ago

    China’s stock indexes may be closed for a holiday, but European markets aren’t likely to see much reprieve from the action. Why? Well it's European Central Bank policy meeting day, and Friday’s U.S. jobs report is, of course, looming.

  • The euro steadied on Thursday, having rallied 1.5 percent on a trade-weighted basis since China devalued the yuan last month, with the focus on whether the rise could prompt the European Central Bank (ECB) to try to talk it down. ECB President Mario Draghi will address a news conference at 1230 GMT, less than an hour after …

  • A growing number of countries are backing an international treaty banning the production, stockpiling and use of cluster bombs, and calling on states to destroy stockpiles and clear land of unexploded munitions, a campaign group said on Thursday. Belize, Congo are among the eight countries, plus the Palestinian Territories, …

  • MasterCard Start Path to Build the Future of Commerce with Startups

    In today’s crowded and competitive business environment, startups are seeking global opportunities that will rapidly scale their business. To address this need, MasterCard today announced the launch of Start Path Global – a unique six-month partnership programme for startups that extends Start Path’s existing footprint …

  • Asia markets mostly higher as China marks holiday

    A sense of calm returned to Asian trading on September 3, 2015, after weeks of China-fuelled volatility as a public holiday on the mainland allowed investors to focus on upbeat US data, with Tokyo ending ...

  • Iron ore exports to China from Australia's Port Hedland rose 15 percent to 33.9 million tonnes in August from July, as BHP Billiton and Fortescue Metals Group operated at maximum production rates despite ...

  • The dollar climbed against the euro and yen on Thursday as global investors tentatively stepped back into equities, tempering demand for the single currency and the Japanese unit. The dollar was up 0.2 percent at 120.570 yen, having rebounded sharply from a low of 119.255 overnight. Global stock indexes extended gains …

  • Standard & Poor's on Thursday cut its outlook for Glencore Plc (Xetra: A1JAGV - news) to 'negative' from 'stable' after slashing its price forecasts for metals and amid uncertainties about China's economic outlook. The mining and commodities firm posted a 29 percent slump in first-half earnings in August and cut its …

  • Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Ackman's Pershing Square Capital Management, which makes concentrated bets on a small number of stocks, told …

  • Barring some sort of miraculous divine intervention, the number of operating smelters in the United States looks set to fall to just seven from 13 prior to the Global Financial Crisis (GFC) of 2008-2009. Overshadowed by its announcement on Hawesville was Century's decision in July to dismantle permanently its Ravenswood …

  • Impact of China slowdown larger than expected: IMF

    China's economic slowdown is having a broader impact on the global economy than originally expected, especially on emerging markets, according to the International Monetary Fund

  • Markets Find Calm After Share Sale Storm

    World markets (Xetra: 4WM.DE - news) had a calmer day after China's top share index was spared a late-trading bloodbath ahead of a four-day public holiday. In London, the FTSE 100 index of leading UK shares closed up 0.4% following big falls during the previous session. There was speculation the authorities exerted …

  • Global stock indexes rose on Wednesday, helped by reports of brokerage measures in China to invigorate the country's battered markets, while oil bounced from earlier losses to end nearly 2 percent higher. The S&P 500 jumped 1.8 percent, rebounding from Tuesday's steep losses. Rallying equities pulled crude oil up from …

  • US sees steady growth in July-August: Fed Beige Book

    The US economy stuck to its modest-to-moderate pace in recent months but companies complained that China's slowdown and the strong dollar were hurting business, a Federal Reserve report said

  • Global stock indexes rose on Wednesday, drawing support from reports of brokerage measures in China to invigorate the country's battered markets, while oil recovered from earlier losses to trade near flat. Major U.S. stock indexes gained about 1 percent, also boosted by upbeat data on U.S. productivity. Nine Chinese brokerages …

  • Overall, U.S. economic activity continued to expand across most regions and sectors from July to mid-August, the Fed said in its Beige Book report of anecdotal information on business activity collected from contacts nationwide. The combination of a healing labor market and worries about Chinese economic growth underscored …

  • (ShareCast News) - Gold declined while base metals faced another European session in negative territory on Wednesday, as nagging doubts over China's economic prospects continued to weigh on trading sentiment....

  • European shares gain, China moves help Reuters - UK Focus - 22 hours ago

    European equities gained on Wednesday after a volatile start to the week, drawing support from brokerage measures in China to invigorate the country's battered markets and from hopes for policy easing by major central banks. The pan-European FTSEurofirst 300 index ended 0.2 percent higher at 1,395.70 points after falling …

  • Global stock indexes recovered some of their recent losses on Wednesday, drawing support from reports of brokerage measures in China to invigorate the country's battered markets, while U.S. oil extended losses from the day before. Nine Chinese brokerages pledged to buy more than 30 billion yuan of shares, according to …

  • SEOUL/HONG KONG, Sept 2 (Reuters) - Tesco has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit for as much as $6.6 billion, sources said, as the British supermarket retreats from overseas and focuses on revitalising its domestic business. The sale of Homeplus, its biggest overseas …

Next >>