Latest: Asia Stock Market News
The Japanese yen, which has lost over 14% against the dollar so far this year, slipped to a 20-year low versus the dollar on Thursday
The official PPI rise followed a 8.0% increase in April, and was in line with forecasts in a Reuters poll. It was the weakest reading since March 2021
Billionaire Jack Ma's fintech group aims to file a preliminary prospectus for the share offering in Shanghai and Hong Kong as early as next month, sources told Reuters
Asian stocks were subdued mostly on Thursday as investors worried about a new Shanghai lockdown and possible rate hikes at an ECB meeting later today.
The port has been criticised as an example of reckless spending by the government, which has seen the country plunge into economic chaos and left the government unable to repay loans
AIIB, a multilateral development bank headquartered in Beijing, issued 1.5 billion yuan ($224 million) of three-year bonds with a coupon rate of 2.4%
Crown Resorts, 37% owned by billionaire James Packer, has been under pressure for years since inquiries found it enabled money laundering
The currency's recent depreciation reflects fundamentals, such as market expectations of differing monetary policy paths between the US and Japan, the IMF said
Freeport LNG announced the closure after assessing the damage. Asian markets are already strained by limited access to Russian LNG due to its war on Ukraine
With Beijing focusing on resource-rich states in South America, China widened the gap with the US last year in many countries - gobbling up soybeans, corn and copper
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AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
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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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