Asia markets mostly lower after Federal Reserve holds rates; Yen strengthens further – CNBC
31 minutes ago South Korea’s consumer price growth rate slowed in April It was announced that the pace of increase in consumer prices in South Korea in April compared to the same month last year slowed compared to March. Official data. The CPI in April was 2.9% compared to the same month last year, and […]
Japanese yen strengthens after touching 160 to the dollar; Asia stocks rise as Fed meeting looms – CNBC
31 minutes ago Shares of Asian shipping companies rise after drone activity in Red Sea 2 hours ago The yen rapidly appreciates, exceeding 160 yen per dollar. The yen rose sharply in afternoon trading, hours after the Japanese yen broke through the 160 yen level against the US dollar, hitting a 34-year low. Since achieving […]
David Cameron under fire for hiring £42m luxury jet for central Asia tour | David Cameron
Prime Minister David Cameron has been criticized for hiring a luxury jet worth an estimated £42 million for his recent tour of Central Asia. The foreign minister last week traveled to Tajikistan, Kyrgyzstan, Uzbekistan, Turkmenistan, Kazakhstan and Mongolia for five days on the Embraer Lineage 1000, the Mirror reported. Union Aviation, the charter company operating […]
Asia Stocks Set to Fall as Meta Drags on Big Tech: Markets Wrap (Bloomberg) – Yahoo Finance
(Bloomberg) — Asian stock markets fell after disappointing forecasts from Meta Platforms, raising concerns that the industry that has driven the bull market in stocks has gone too far. Most Read Articles on Bloomberg Stock indexes in Japan and South Korea fell, and futures in Hong Kong also fell. Australian financial markets are closed for […]
Asia FX sees some relief as dollar retreats, yen at 34-year lows – Investing.com
Investing.com — Most Asian currencies rose slightly on Wednesday as a weaker dollar brought some relief to regional markets, although the Japanese yen continued to underperform despite concerns about government intervention. The dollar retreated further from recent five-month highs this week as some Purchasing Managers Index data were weak. But persistent bets on longer U.S. […]
Trump sounds alarm on strong dollar boomeranging over Asia
As prospects for interest rate cuts by the U.S. Federal Reserve recede, the dollar’s power against Asian currency depreciation is drawing attention. Former President Trump weighs in on the economic impact of a strong dollar, which could reduce demand for U.S. exports and make goods produced and sold in cheaper currencies more attractive to importers. […]
US-funded Radio Free Asia closes its Hong Kong bureau over safety concerns under new security law
HONG KONG (AP) – The president of U.S.-backed Radio Free Asia said Friday that its Hong Kong bureau will be closed due to security concerns under a new national security law, deepening concerns about press freedom in the city. Stated. RFA chairman Bei Huang said in a statement that while it would maintain its official […]
Gucci parent Kering’s shares plunge 15% as sales in Asia nosedive
Kering shares plunged on Wednesday, their worst day ever after the French luxury goods company warned that a downturn in Asia would cause first-quarter sales of its star brand Gucci to fall by about 20%. This is expected to be the case. Kering shares fell 12%, shedding about $8.6 billion in market capitalization, while other […]
Bitcoin Tumbles to $67K As Asia Begins Trading Day – CoinDesk
Bitcoin {{{BTC}}} price fell 7% to $67,000 during Friday’s Asian trading hours, before recovering to around $68,500. The CoinDesk 20 Index, the largest and most liquid index of digital assets, fell 6%. Data from CoinGlass shows that over $100 million of long positions were liquidated in the last 12 hours and $167 million of long […]
Houthis Sever Undersea Communications Cables Linking Europe and Asia
The Iranian-backed Houthi terrorist group has destroyed four undersea communication cables connecting Saudi Arabia and Djibouti, Israeli news agencies reported on Monday. The submarine cable has been shut down in recent months due to sabotage. claimed Israeli news agency Globes. It is widely believed that the Houthi attack damaged cables believed to belong to the […]