Latest: Asia Stock Market News
Lee, the former No.2 official of the Asian financial hub, is set to replace chief executive Carrie Lam on July 1 with backing from Beijing
Total revenue in the January-March quarter surged 32.1% from the same period last year to 501 trillion rupiah, while spending fell 6.2% to 490.6 trillion rupiah
The government in Indonesia, which is the globe's top palm oil producer, has faced pressure to control rising cooking oil prices
But falls were limited by China surprisingly keeping its benchmark lending rates steady for the third straight month at its April fixing
Miner records 6.2% year-on-year decline in production to 71.7 Mt, warning of risks from rising inflation, war in Ukraine and China’s Covid-19 lockdowns
The Asia Pacific Loan Market Association (APLMA) found that 54% of its members were expected to take until 2023 to remove references to Libor from their existing loans
The offer represented a 37% premium on Ramsay’s closing share price on Tuesday. The stock rose more than 25% on Wednesday to A$81 on news of the approach
Zijin said it signed a deal with Xanadu Mines to buy a 19.9% stake at A$0.04 ($0.0296) per share, and another 50% stake in Xanadu unit Khuiten Metals for $35 million.
In contrast to most major economies that have started to tighten monetary policy to combat inflation, China has stepped up easing to cushion the slowdown
The Fed began raising interest rates last month, and is expected to ramp up its rate hikes starting next month to slow demand for goods and services
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AF Market Insights
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China-US Economic TiesChina Stocks Delisting From US: Everything You Need to Know -
Market InsightsChina Stock Market Guide: Everything You Need To Know
AF China Bond
China Stock Markets
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SemiconductorsTaiwan to Fine Foxconn After Unauthorised Chinese Investment -
Market InsightsChina’s Covid Infections Rise Further as Outlook Darkens
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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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