On Wall Street, the S&, P 500 and Nasdaq rallied again to reach new information, helped by powerful performances by software titan Apple, Google family Alphabet and Facebook’s Meta. Asia took up the stick in early business, with Tokyo, Hong Kong, Shanghai, Sydney, Seoul, Singapore, Taipei, Wellington and Jakarta allContinue Reading
After the Fed’s interest rate cut, traders struggled to keep up with another Wall Street record while also weighing the future of another Trump administration, leading to a sharp decline in Asia’s markets ‘ rally on Friday ( Nov 8 ) as they weighed the outlook with another TrumpContinue Reading
KUALA LUMPUR: Malaysia’s central banks kept its benchmark interest rate unchanged on Wednesday ( Nov 6), in line with business objectives, amid a good economic growth perspective and stable inflation. Bank Negara Malaysia ( BNM) kept its overnight policy rate at 3.0 percent, which is where it has been sinceContinue Reading
JAKARTA: Indonesia’s gross domestic product in the third quarter increased 4.95 per cent from a year earlier, its slowest pace in a year, data from the statistics bureau showed on Tuesday ( Nov 5 ), as household consumption showed softer growth. Analysts polled by Reuters found that the third-quarter resultsContinue Reading
HANOI: Oil giant Saudi Aramco wants to invest in the oil refinery sector and petroleum distribution in Vietnam, the Southeast Asian country’s government said late on Tuesday (Oct 29). The announcement came after a meeting between Prime Minister Pham Minh Chinh and Saudi Aramco’s chief executive officer Amin Al-Nasser inContinue Reading
BANGKOK: Thailand’s inflation target should work to lift inflation above 1 per cent, Finance Minister Pichai Chunhavajira said on Tuesday (Oct 29) ahead of a meeting with the central bank governor where he hoped to be able to reach an agreement on a new target range. Pichai and Bank ofContinue Reading
JAKARTA: Tech giant Apple will not be allowed to sell its iPhone 16 smartphones in Indonesia because they have not met the country’s rules on the use of locally made components, the industry ministry said. Indonesia requires certain smartphones sold domestically to contain at least 40 per cent of partsContinue Reading
MUMBAI: Nvidia’s leather-jacket-clad CEO Jensen Huang got a rock star welcome at the company’s AI summit in India on Thursday ( Oct 24 ), with passes sold out and tech enthusiasts spending thousands of rupees to travel to the event. The reception Huang received in India’s commercial investment Mumbai wasContinue Reading
As it deepens partnerships and exploits a growing market, Nvidia announced on Thursday ( October 24 ) that it will supply artificial intelligence processors to Indian companies like Mukesh Ambani’s Reliance. Chief Executives Jensen Huang and Ambani announced at an AI conference in Mumbai that the US company would provideContinue Reading
After a warm response from retail traders to the country’s largest always initial public offering over its costs, Hyundai Motor India’s stocks dropped 5 % in their business debut on Tuesday ( October 22 ). The stock listed at 1, 934 rupees on the National Stock Exchange, compared to itsContinue Reading