Asian markets were mostly lower yesterday, Wednesday June 19 2013 with focus on the US Federal Reserve’s policy meeting later in the trading day, but Tokyo enjoyed another rally as data showed a surge in exports thanks to a weaker yen. Wall Street again provided a healthy cue, with investors betting the Fed will stop [...]

Asian markets were mixed yesterday, Tuesday June 18 2013 with traders sitting on the sidelines as they await the US Federal Reserve’s plans for its stimulus programme. The dollar enjoyed another positive day, with Wall Street also providing a strong lead thanks to upbeat US housing data. Tokyo stocks dropped 0.20 per cent, or 25.84 [...]

Asian shares eased on Tuesday as investors waited for Federal Reserve Chair Ben Bernanke to clarify the US central bank’s plans for its stimulus programme – with the mere suggestion of fine-tuning it enough to unnerve market sentiment. European stocks are seen easing, with financial spreadbetters predicting London’s FTSE 100 (.FTSE), Paris’s CAC-40 (.FCHI) and [...]

Emerging-market stocks fell for the first time in three days amid concern rising Chinese home prices will limit the scope for monetary stimulus. Shares in the Philippines and Indonesia surged. GCL-Poly Energy Holdings Ltd (3800) tumbled 12 percent in Hong Kong after a unit of China’s sovereign-wealth fund agreed to sell a stake in the [...]

The yen extended declines against the dollar before the Federal Reserve starts a two-day meeting today amid speculation about when the central bank will slow its quantitative easing programme of bond purchases. The currency weakened against most of its 16 major peers after a Bank of Japan report showed its current-account balance will rise to [...]

Asian markets were mixed yesterday, Monday June 17 2013 despite a weak batch of US economic data boosting hopes that the Federal Reserve will put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week. Traders were upbeat despite a soft lead from Wall Street while [...]

Asian shares recouped early losses on Monday but prices were capped as investors settled in to wait for the US Federal Reserve meeting outcome later in the week – and some long-awaited clarity on its intentions for monetary stimulus. Uncertainty over the Fed’s future policy course has triggered a sharp sell-off in broad risk assets [...]

Cheung Kong (Holdings) Ltd, controlled by Asia’s richest man Li Ka-shing, said it will buy Dutch waste processing firm RAV Water Treatment I B.V. for 943.68 million euros ($1.26 billion), in an overseas expansion drive that has targeted infrastructure assets offering steady recurring income. Li’s business empire, which spans property, telecoms, ports and retailing, has [...]

Asian stocks rose, with the regional benchmark index heading for its biggest two-day advance since September, as investors await this week’s Federal Reserve meeting. Japan’s Topix Index jumped after falling the past four weeks. GCL-Poly Energy (3800) Holdings Ltd, the largest maker of materials used in solar panels, increased 6.6 percent in Hong Kong on [...]

Asian shares inched lower and the dollar remained defensive on Monday as investors settled in to wait for the US Federal Reserve meeting outcome later in the week – and some long-awaited clarity on its intentions for monetary stimulus. Wall Street fell on Friday for its third negative week in four as investors took profits, [...]

Last week, Bank Indonesia’s (BI) Board of Governors raised the deposit facility rate by 25 basis points (bps) to 4.25%. BI also raised its benchmark interest rate by 25 bps to 6.0%, after keeping the policy rate at a record-low 5.75% since February 2012. The Bank of Japan (BOJ) said that it will continue with [...]

Asian markets rebounded yesterday, Fridday June 14 2013 after the previous day’s huge sell-off, with dealers picking up bargains in Tokyo, helped by a Wall Street rally and upbeat US data. The dollar slipped after enjoying a bright start, however, which in turn pared early gains for Japan’s Nikkei index, with fears over a possible [...]

Asian shares rebounded from multi-month lows on Friday, as upbeat US economic data calmed frayed nerves after a bruising selloff in global markets, but investors remained anxious ahead of next week’s Federal Reserve policy meeting. European stocks look set to track Asia higher, with financial spreadbetters predicting London’s FTSE 100 (.FTSE), Paris’s CAC-40 (.FCHI) and [...]

The US dollar remained in the doldrums in early Asian trade on Friday, having slumped to a fresh four-month low against a basket of currencies as a bounce-back in global equities saw investors favour the euro and commodity currencies. The yen also beat a hasty retreat from a two-month peak versus the greenback and multi-month [...]

Asian markets dived yesterday, Thursday June 14 2013 with Tokyo’s Nikkei losing more than six per cent while the dollar hit 10-week lows against the yen on expectations that central banks’ monetary easing measures will end soon. Dealers in emerging economies also ran for cover, with the US Federal Reserve in focus amid fears it [...]

Overseas profit contribution jumped to 35 percent. According to Nomura, there are 2 key areas of growth. First is the rising intra regional (covering the key markets of Singapore, Malaysia, China, Indonesia and Thailand) flows in its wholesale business. The bank has been building its expertise in several key industries such as real estate, transport/logistics, [...]

Asian markets dived Thursday, with Tokyo’s Nikkei losing more than six percent at one point, and the dollar hit a two-month low against the yen on expectations that central banks’ monetary easing measures will end soon. Dealers ran for cover after a Wall Street sell-off, with the US Federal Reserve in focus before a policy [...]

New Zealand’s central bank kept its benchmark interest rate at a record low of 2.5 percent on Thursday and said it was unlikely to move before the end of the year. In a widely anticipated decision, the Reserve Bank of New Zealand said the country’s economic performance remained uneven but growth was set to pick [...]

Asian markets fell in holiday-reduced trade yesterday, Wednesday June 12 2013 as the Bank of Japan’s (BoJ) refusal to unveil any fresh stimulus measures raised concerns about central banks’ role in supporting the world’s economies. The greenback managed to claw back some ground in forex business but remains stuck around 6 per cent below its [...]

Providence Equity Partners has lost another top executive in Asia, its fourth senior departure in the region since 2008, as it struggles with a limited supply of suitable investment targets and a shrinking volume of Asian private equity deals. For Providence, the supply of companies is particularly restricted because it focuses only on tech, media [...]

The dollar regained some of the ground it lost against the yen Wednesday in Asia as a selloff in Tokyo stocks appeared to have run its course, inviting some dip-buying in dollars from hedge funds and Japanese importers. The Nikkei opened sharply lower after US stocks fell and the dollar slumped Tuesday amid speculation that [...]

Asian stocks fell Wednesday amid concern about a lack of new Japanese moves to calm bond markets and uncertainty about the outlook for US monetary policy. Oil prices fell to below $95 per barrel amid concern central bankers around the world might ease off measures to boost the global economy. Investors were disappointed after Japan’s [...]

Emerging markets have been getting slammed of late. Blame jitters over US interest rates, weak numbers from China, and a fall in commodity prices that are disproportionately important to developing economies. The MSCI Emerging Markets Index is at its the lowest level since September 6 and is down 9 percent this year, compared with a [...]

Asian stock, bond and currency markets took another big hit on Tuesday after a fresh spike in US interest rates re-ignited concerns about capital flows from the region and prompting a surprise rate hike by Indonesia’s central bank. The Indian rupee hit a record low as markets in Asia experienced volatility similar to that seen [...]

Asian markets mostly fell yesterday, Tuesday June 11 2013 following the previous day’s rally, with Tokyo tumbling more than two per cent at one point after the Bank of Japan failed to announce any new stimulus measures. The dollar lost ground against the yen as dealers were left disappointed by the Japanese central bank while [...]

Australia’s leading securities exchange ASX Ltd said on Monday it would raise A$553 million ($522 million) to contribute capital to its futures clearing facility and pay down debt, citing the need to meet new international capital standards. The announcement surprised the market as the debt facility the company is looking to refinance is not due [...]

The US dollar fell against the yen and Japanese stocks sagged after the Bank of Japan held off from taking fresh steps to curb bond market volatility, while Asian shares hit 2013 lows amid worries over slowing growth in China and continued uncertainty on how long the US stimulus will remain in place. European stock [...]

Asian stocks fell, led by Japanese shares, after the Bank of Japan kept its policy unchanged. Chinese stocks listed in Hong Kong headed for the longest losing streak in 17 years. Mitsubishi Estate Co., Japan’s biggest developer by market value, dropped 4.4 percent after the BOJ refrained from adding to its purchase of real estate [...]

Asian shares and the dollar steadied on Tuesday, after Standard & Poor’s removed the near-term threat of another credit rating downgrade for the United States, just as data last week pointed to no imminent shift in the Federal Reserve’s huge monetary stimulus. Still, uncertainty over the timing of the Fed’s eventual reduction of its massive [...]

Asian markets rose yesterday, Monday June 10 2013 with the greenback also climbing, after a report showing modest gains in US job creation eased concerns the United States Federal Reserve will soon start to roll back its monetary easing scheme. However, buying sentiment was tempered by more relatively weak trade data out of China that [...]

A high-level strategy session was held at GCEL’s Asia Headquarters where Asian economic and trade experts convened to coordinate the deployment of GCEL’s Digital Economy Platform (DEP). Dr Xu Ningning and H.E. Tan Sri Abdul Rahman during the Asia Logistics Council Advisory Board Strategy Session. (Photo: Business Wire) The RCEP covers China, Japan, South Korea, [...]

Japanese shares rebounded strongly on Monday, tracking a rally in global equities following US jobs data that was solid but not strong enough to cause worry about near-term tapering of the Federal Reserve’s massive stimulus. Markets regained some stability after experiencing high volatility the past couple of weeks. They had been swung around by concerns [...]

Asian stocks rose, with the regional benchmark index rebounding from the biggest weekly drop in a year, after a report showed the US added more workers than expected. Japanese shares surged after a three-week, $600 billion rout. Japan’s Topix index soared the most in two years after the government Pension Investment Fund, the world’s biggest [...]

Most emerging-market stocks advanced as better-than-estimated data from the US and Japan overshadowed Chinese trade figures that trailed estimates. Largan Precision Co. (3008) led gains by Apple Inc. suppliers after the Commercial Times said that the Cupertino, California-based company will sell a lower-priced iPhone in August. Hyundai Merchant Marine Co. (011200), which does business in [...]

Monday 03:55 BST. Asian shares rebounded as investors were encouraged by a better-than-expected US jobs report, but gains were limited by poor economic data from China. The MSCI Asia Pacific index advanced 1.1 per cent after suffering its biggest weekly drop in a year last week. Sentiment improved after the US reported jobs growth in [...]

Last week, ADB’s Asia Bond Monitor June 2013 edition was released. According to the quarterly report, emerging East Asia’s LCY bond market expanded 12.1% y-o-y to reach US$6.7 trillion at the end of 1Q13. The continued growth of emerging East Asia’s LCY bond market reflects a more optimistic investor outlook and improved financial market indicators. [...]

Pretty quick, the Obama-Xi summit will be all over the news, but as the week was ending in Asia, Japan still had centre stage. And the turn in that story was that Abenomics may not be such an uplift after all and what might another disappointment there mean. The Japanese stock market was the overriding [...]

Asian stock markets fell and the dollar sank further against the yen on Friday as traders nervously await the release of a crucial US jobs report later in the day. At the end of a torrid week for the greenback that has seen it lose about four percent against the yen, economists said the non-farm [...]

Asian stock markets fell and the dollar sank further against the yen yesterday, Friday June 07 2013 as traders nervously await the release of a crucial US jobs report later in the day. At the end of a torrid week for the greenback that has seen it lose about four per cent against the yen, [...]

Japanese equities plunged to two-month lows on Friday, with the yen rising against the dollar as investors fretted over US jobs data due later, while constant market agonising about the Federal Reserve’s stimulus plans drove Asian shares to fresh 2013 lows. The Nikkei average (.N225) shed as much as 2.8 percent and entered bear market [...]

Stock exchanges in the Philippines and Thailand have moved to soothe investors after speculation the US Federal Reserve may scale back bond purchases prompted selloffs by overseas investors. Stock Exchange of Thailand President Charamporn Jotikasthira today urged investors not to panic, saying economic and corporate earnings growth in Southeast Asia’s second-biggest economy remains strong. The [...]

Most Asian equities fell as the yen’s biggest surge in three years weighed on Japanese shares and investors awaited a US jobs report. Japan’s Topix index slid 2.2 percent with all but one of the 33 industry groups falling. Newcrest Mining Ltd slumped 9 percent as Australia’s biggest gold producer said it will write down [...]

Japanese shares led declines in Asia after the yen strengthened the most in three years before US jobs data. South Korea’s won rose and Australia’s dollar fell. Japan’s Topix index lost 1.5 percent as of 10:43 a.m. in Tokyo, while benchmark stock indexes slid in Hong Kong and South Korea. The MSCI Asia Pacific Index [...]

Asian markets sank yesterday Thursday June 06 2013 following a sell-off on Wall Street, where dealers were spooked by disappointing United States jobs data. Tokyo fell 0.85 per cent, or 110.85 points, to 12,904.02, extending an almost four per cent decline on Wednesday due to disappointment at Prime Minister Shinzo Abe’s latest plan to boost [...]

Asian shares tumbled to fresh 2013 lows on Thursday as growing uncertainty on whether the US Federal Reserve would roll back its stimulus this year kept markets on edge, while turbulence in Japanese equities led to choppy dollar-yen trade. European stock markets looks set to stay under pressure, with financial spreadbetters predicting London’s FTSE 100 [...]

Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200 million worldwide credit card fraud ring, US and UK law enforcement officials said on Wednesday. Federal prosecutors in New Jersey said they had filed charges against a 23-year-old man from Vietnam. They said in a statement [...]

Eleven people in the United States, Britain and Vietnam have been arrested and accused of running a $200 million (US) worldwide credit card fraud ring, US and British law enforcement officials said on Wednesday. “One of the world’s major facilitation networks for online card fraud has been dismantled by this operation, and those engaged in [...]

Asian markets fell yesterday, Wednesday June 05 2013 taking a negative lead from Wall Street as data showed the US trade deficit had widened while Tokyo slumped again over a policy speech by Japan’s prime minister. Tokyo dived 3.83 per cent, or 518.89 points, to 13,014.87 – continuing a rollercoaster couple of weeks that has [...]

Asian shares hit 2013 lows on Wednesday as uncertainty over when the Federal Reserve would begin trimming its massive stimulus programme fanned worries about funds exiting the region, raising caution before key US jobs data later this week. “Wariness over an exit from the Fed stimulus is driving Asian shares lower on worries that the [...]

THE omens are increasingly bad for Singaporean DBS Group’s plans to take full ownership of Indonesia’s Bank Danamon, potentially the largest Southeast Asian banking merger but now firmly wedged by domestic politics and policy issues. Following Bank Indonesia’s permission to acquire 40 per cent of Danamon, DBS this week extended by two months its agreement [...]