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Asian markets fall again as traders eye more rate hikes

Hong Kong, China: Equity markets sank Friday and oil extended a sharp selloff after a string of interest rate hikes by central banks revived worries about the global economy. Eyes are also on Tokyo after forecast-beating inflation figures fuelled speculation on whether the Bank of Japan will shift away from its ultra-loose monetary policy that […]

AirAsia Malaysia to strengthen position in Asia

MAJALENGKA (Indonesia): AirAsia Malaysia is focusing on strengthening its position in Asia following the three-year slump in the travel industry due to the Covid-19 pandemic. Chief executive officer Riad Asmat said that with the commencing new route in Kertajati, Indonesia, today, it is vital for the company to grow its position in Indonesia. “Currently, we […]

Asian markets rise as Fed eases fears over huge rate hike

HONG KONG: Asian markets rallied Thursday following a Wall Street surge after the Federal Reserve played down chances of a huge interest rate hike in the near future, while oil extended gains as the European Union moved to ban imports from Russia. US central bank officials announced an expected half-point lift in borrowing costs — […]

Bitcoin edges towards $50,000 as markets, oil drop in Asia

HONG KONG: Markets fell in Asia on Friday in holiday-thinned trade with investors awaiting developments in US stimulus talks, while bitcoin hit a new record as it crept towards $50,000. Oil prices also retreated from their 13-month highs after investors were given a reality check on expectations for demand this year, despite expectations the global […]

Most Asian markets rise with eyes on US stimulus push

HONG KONG: Asian markets mostly rose Monday, rebounding from a sell-off at the end of last week as investors keep tabs on the progress of Joe Biden’s new US economic rescue package. However, while vaccinations and long-term optimism about the economic outlook are providing support, sentiment remains weighed by concerns about surging virus infections and […]

Asian markets rise after rout, pound extends losses

HONG KONG: Asian markets ticked higher Tuesday after last week’s steep drops as investors brushed off Donald Trump’s latest anti-China salvo, while sterling suffered more selling pressure on fears over Brexit talks. Despite continued uncertainty about the timetable for economic recovery — and with no coronavirus vaccine yet available — investors remain convinced central banks […]

Asian markets track Wall St record, bankers meeting in focus

HONG KONG: Asian markets rose Monday, tracking another record on Wall Street as the US appeared to tone down its anti-China rhetoric, while traders turn their attention to a meeting of central bankers later in the week. Hong Kong led the gains, boosted by tech giant Tencent after reports said the White House is looking […]

Asian markets edge higher on stimulus hope

HONG KONG: Asian markets mostly managed to eke out gains Wednesday, tracking yet another record on Wall Street, with hopes for a possible breakthrough in deadlocked US stimulus talks. However, China-US tensions and fresh virus flare-ups in parts of the world — and the reimposition of new containment measures — continue to hang in the […]

Asian markets slip on fears of second virus wave

HONG KONG: Equities dipped Monday, extending last week’s losses on fears of a second wave of virus infections around the world that could put the brakes on the easing of lockdowns and a budding economic recovery. While European nations press ahead with their reopening after months of strict shutdowns, there are signs that the deadly […]