Latest: Asia Stock Market News
Central bank has rallied state banks to defend the currency, urging them to be prepared to sell dollars in offshore markets to stem the yuan's descent
CIFI's shares plunged over 32%. Investors were shaken by the sector crisis reaching CIFI, one analyst said, as it was considered one of China's few resilient private developers.
Trading boards in Tokyo, Hong Kong and Shanghai were a sea of red again with central banks poised to hike rates even further as inflation soars
China installed a massive 53 gigawatts of renewable energy in the first half of 2022, but it also approved $26-33 billion of investment in the coal power and steel sectors, a new report said
PBOC warns against gambling after onshore yuan finishes at 7.2458 per dollar, weakest close since January 2008, while the offshore yuan slumped 1.15% on the day to trade at 7.2635.
The ADB has already agreed an emergency loan of $200 million to ensure access to food and protect livelihoods in Sri Lanka
Adani said 70% of the $100 billion-plus his group will invest over the next decade will go to "energy transition", adding that they are already the world’s largest solar player
There was some minor respite following Monday’s currency turbulence, which saw a surging dollar and falling pound send a shockwave across trading floors
Over the past week, traders have seen the pound crash to an all-time low, intervention by Japan to prop up the yen for the first time in 24 years, and the euro plunge below dollar parity.
Chinese officials told fund managers and brokers recently to stabilise the market ahead of the Communist Party's five-yearly congress, which will be held in mid-October
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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Oil & GasIndia Is Likely Exporting Refined Russian Oil to the WestIndia’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
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MarketsApple Asks Suppliers in Taiwan to Meet China Label StandardsUS tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
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MarketsIndian-Owned Tech Firms See Sharp Growth in UKDespite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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