By William Pesek Asia will always have complicated feelings about Alan Greenspan. In the mid-to-late 1990s, the then chairman of the Federal Reserve Bank (Fed) was a real celebrity. His photo was featured in People magazine, Entertainment Tonight and on the front pages of national newspapers. Managing the world’s largest economy brought a brilliant biography […]
Tag: Asia
From Russia’s borders to the Middle East and Central Asia, the strategic balance is shifting
Of Melik Kaylan The US just bombed Revolutionary Guard bases in Syria. Strategic power blocs are shifting tectonically and no one seems to have noticed. To do this you need to connect the dots of seemingly unrelated events into cause and effect. Here is a patchwork of them. See if you agree with the coherent […]
Russian coal exports stopped due to European sanctions
Russian coal exports have effectively ground to a halt due to the European Union’s ban on entities within the bloc servicing shipments of the commodity anywhere in the world, according to Bloomberg. Suek JSC, Russia’s biggest thermal coal miner, has been unable to ship supplies since mid-August, according to people familiar with the situation who […]
Asian markets are in the red following Wall’s negative pace
Stocks in the Asia-Pacific region fell on Tuesday, following a negative move by Wall Street, which on Monday night ended its worst session since June amid heightened interest rate hike concerns. Investor interest is focused on the message Federal Reserve Chairman Jerome Powell will send Friday in his speech at the central bank’s annual meeting […]
EUR/USD poised to retest July low at 0.9950 – ING
EUR/USD is struggling to recover after last week’s sharp drop. The pair is still very pressured and could sink below par at any timeanalysts report ENG. Portfolio adjustments by Asian central banks could be added to the sell-off “Asian currencies remain under heavy pressure and will prompt intervention to sell dollars to support local currencies. […]
Negative trends in Asian markets with resistance from China and Hong Kong
Asia-Pacific stock markets were mixed on Monday as concerns over continued monetary tightening by the Federal Reserve remained, while investors in China weighed a decision to cut lending rates to stem the country’s economic slowdown. In particular, global investor interest is turning this week to the crucial meeting of central bankers in Jackson Hole, awaiting […]
Fleet of diesel ships set sail for Europe aiming for energy security
A fleet of ships carrying diesel, one of the world’s most important fuels, is heading to European markets facing threats to energy security from high temperatures, soaring gas prices and Russian gas supply disruptions, the Bloomberg agency. Five ships carrying nearly 3 million barrels are set to move from Asia to Europe so far in […]
Asian stocks amid countervailing forces – Meituan ‘jumps’ more than 4.5%
Stocks in the Asia-Pacific region were mixed on Wednesday as investors weighed macroeconomic figures as well as corporate news. In particular, the Japan reported a larger-than-expected increase in exports for July compared to the same month last year. Its 19 percent export growth beat the 18.2 percent analysts polled by Refinitiv had expected, thanks to […]
Mixed picture with little volatility in Asian markets
In the midst of countervailing forces, the stock markets in the Asia-Pacific region in the wake of macroeconomic data for China and the reduction of interest rates decided by the country’s central bank and while investment interest turns to economic data expected from Japan and India. In particular, China’s economy presented unexpected slowing trends in […]
Asian markets gain boosted by US inflation
Major Asian stocks edged higher on Thursday, boosted by better-than-expected U.S. inflation data that boosted hopes for less aggressive rate hikes from the Federal Reserve. According to data released yesterday in the US, the Consumer Price Index rose in July at an annual rate of 8.5%, down significantly from June’s 41-year high of 9.1%. A […]