NEW YORK – US stocks closed lower on Monday (June 27), with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have…
SINGAPORE – After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising…
SINGAPORE – Ether and Bitcoin reached their highest levels in 10 days on Sunday (June 26) as the market showed some signs of stabilisation. Ether, the No. 2 cryptocurrency,…
BEIJING – China plans to extend the yuan’s trading hours as it seeks to increase global investor participation in onshore currency trading as part of its internationalisation…
CAPE TOWN – Money managers betting on a sustained global rebound will be left sorely disappointed in the second half of this crushing year as a protracted bear market looms, even…
TOKYO – Oil prices fell 2 per cent in early trade on Thursday (June 23), extending losses from the previous day, as investors worried that aggressive US interest rate hikes could…
PARIS/COPENHAGEN – American sportswear maker Nike is making a full exit from Russia, three months after suspending its operations there, the company said Thursday (June 23). Nike…
STOCKHOLM – The Swedish Energy Agency on Tuesday (June 21) declared a first level “early warning” over fears that gas supplies may be impacted due to reductions in energy imports…
SINGAPORE – CapitaLand Investment (CLI) has established its first onshore renminbi fund in China as part of its asset-light strategy to grow its funds under management. The…
MELBOURNE – Oil prices dived more than US$4 a barrel on Wednesday (June 22) amid a push by US President Joe Biden to bring down soaring fuel costs, including pressure on the…