Latest: Asia Stock Market News
China's yuan sank to its lowest level since January 2008 on Friday, despite major state banks selling dollars to try to stabilise the weakening currency
Investors weren’t in a risk-taking mood on Friday with worries over a global downturn forcing bourses across the region intro retreat again
Australia and Japan are expected to update their security agreement, given China's aggressive posturing over Taiwan and the South China Sea. But Tokyo also wants help with its energy transition
This year's congress was attended by 18 delegates who hold executive roles at private companies, down from 34 in 2012, the FT said
Japan's core consumer inflation rate rose 3% last month to a new high, adding pressure on the Bank of Japan and its soft interest rate policy, which has caused the yen to plummet
"A few of the Russian banks are joining hands with UCO Bank and Yes Bank. It will be primarily rupee-basis trade, could be rupee-rouble or could be rupee-riyal," a government official said
The Indian rupee fell to a new low of 83 against the dollar on Wednesday as US interest rate rises pile pressure on Asian currencies
Imports rose by more than 40% for the fifth month in a row, hitting their highest ever level since data began in 1979, according to Japan's MOF
Asian shares continued their slide with investors losing their risk appetite and bond yields rising in the face of increasing threats of recession
Central bank unable to slow drop past key level, despite vow to buy 100 billion yen ($667 million) of state debt with 10-20 maturities plus another 100bn of bonds with maturities of 5-10 years
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Markets: The Big Picture
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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