Latest Markets / Finance News & Archive

In a bid to boost crude prices, eight members of the OPEC+ group earlier this month announced they were extending supply cuts until the end of December

OPEC+ Postpones Meeting On Oil Output To December 5

The OPEC+ alliance of major oil-producing nations has postponed a weekend meeting to December 5 in what analysts said were signs of disagreement among the group over plans to increase output.

US Consumers To Bargain Hunt In Annual 'Black Friday' Spree

US retailers have been unveiling discounts ahead of the annual 'Black Friday' promotions, the day after Thanksgiving

US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded.

Mounting Economic Costs Of India's Killer Smog

New Delhi is choked every year in noxious smog that authorities appear powerless to bring under control

Noxious smog smothering the plains of north India is not only choking the lungs of residents and killing millions, but also slowing the country's economic growth.

Sharjah's HFZA Highlights Steel Investment Opportunities At Italian Conference

While attending the Italian Critical Process Equipment Days in Milan, Al Mazrouei pointed out that the steel sector makes up about 16% of the total 300 million square feet of the free zone, further establishing its position as a major center for the steel industry in the Middle East and Africa.

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Traders are keeping a worried eye on the impact of Evergande's liquidation by a Hong Kong court

Asian Stocks Mixed After Wall St Record, Eyes On Evergrande Impact

Asian markets were mixed Tuesday as another record on Wall Street was unable to help extend the previous day's advance, with traders eyeing a Federal Reserve meeting, big-name earnings and key data.

Hong Kong's Hang Seng Index led the surge across Asian markets

Stocks Attempt To Extend Fed-fuelled Rally

World stock markets attempted Friday to build on the previous day's rally as investors recalibrated their outlook for 2024 after the Federal Reserve held rates but indicated it would cut next year.

China's property crisis has left several major companies on the brink of collapse, fuelling worries about the economy

Asian Markets Struggle, China Property Help In Focus

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.

The Federal Reserve's October-November meeting minutes echo comments from several decision-makers in recent weeks, including boss Jerome Powell

Markets Dip As Fed Minutes Suggest Rates To Stay Higher For Longer

Asian markets drifted Wednesday as traders tracked a tepid lead from Wall Street following meeting minutes showing Federal Reserve officials were inclined to keep interest rates elevated for "some time" in order to slay inflation.

Traders are awaiting the release of key US data later in the week

Asian Markets Mixed As Traders Eye US Inflation Report

Asian markets were mixed Monday ahead of key US inflation data later in the week, with traders still concerned the Federal Reserve could lift interest rates again.

Duncan Crabtree-Ireland led the strike negotiations for the Screen Actors Guild (SAG-AFTRA)

Hollywood Celebrates Strike End As Actors Get Back To Work

Hollywood celebrated Thursday after actors ended a crippling months-long strike, kicking off a race to get the cameras rolling and salvage next year's movies and television shows.

The authorisation of a bitcoin exchange-traded fund in the United States would make it easier for investors to trade in the cryptocurrency

Bitcoin Wins Boost On Hope Of Broader Trading

Bitcoin's price has risen strongly in recent weeks with the United States possibly set to allow a popular type of trading in the cryptocurrency that would further normalise the asset.

A spike in oil prices to 10-month highs has fuelled concerns of a fresh burst of inflation

Asian Markets Swing As Crude Spike Stokes Inflation Concerns

Equities fluctuated Wednesday ahead of a crunch US inflation report, with investors increasingly nervous that a recent spike in oil will put fresh upward pressure on consumer prices and force the Federal Reserve to lift interest rates again.

Traders are still concerned about China's economy, with officials facing calls to introduce a big-spending stimulus

Most Asian Markets Drop As Uneasy Traders Await Key Data

Asian markets struggled Tuesday to extend a Wall Street and European rally as traders nervously await US inflation data, while lingering concerns about China's economy remain a millstone.

Investors are now gearing up for policy decisions by global central banks later this month

Asian Markets Extend Losses As US Rate Hike Fears Build

Stocks sank again Friday after another report pointing to a resilient US jobs market added to the misery for investors who fear the Federal Reserve is not finished with its campaign of monetary tightening.

Investors are hoping Chinese officials will unveil more measures to support the country's battered property sector

Stocks Down As Traders Await More China Economic Support Measures

Equities fell Tuesday, with traders unable to build on the previous day's rally as they await fresh measures out of China to stimulate the economy and support the creaking property market.

Turkey's consumer prices have been rising since President Recep Tayyip Erdogan's re-election

Turkey's Inflation Nears 60%, Piling Pressure On New Team

Turkey's annual inflation approached 60 percent last month, official data showed Monday, putting pressure on the central bank to further hike interest rates at the risk of angering President Recep Tayyip Erdogan.

Traders in Asian welcomed US jobs data suggesting the Federal Reserve can pause its interest rate hiking cycle

Asian Markets Rise As US Jobs Data Ease Rate Pressure On Fed

Asian stocks rose Monday on hopes the Federal Reserve has come to the end of its interest rate hiking cycle following a positive US jobs report.

A string of data this week pointing to a softening of the labour market and economy have given the Federal Reserve room to hold off hiking rates further

Markets Largely Rise As Traders Prepare For US Jobs Data

Markets mostly rose Friday ahead of a crucial US jobs report later in the day and following data showing inflation in the world's largest economy had ticked up slightly.

Investors are keenly awaiting the release of the Federal Reserve's preferred gauge of inflation later in the day

Asian Markets Mixed Ahead Of Key US Inflation Report

Markets were mixed Thursday as investors struggled to maintain momentum from Wall Street's rally, even after fresh data reinforced optimism the Federal Reserve will be able to hold off any more interest rate hikes this year.

Sentiment in Hong Kong and Shanghai was boosted by a report that Chinese state-backed banks were considering cutting interest rates on a swathe of mortgages and deposits

Equities Extend Gains On US Jobs Data, China Hopes

Asian investors on Wednesday tracked a rally on Wall Street as a softer-than-expected report on US job openings soothed fears the Federal Reserve will hike interest rates again.

Data on US jobs creation, inflation and factory activity this week could play a key role in the Federal Reserve's decision-making on interest rates

Asian Markets Build On Global Rally Ahead Of Key US Data

Asian markets extended a global rally Tuesday ahead of US data this week that could be key to the Federal Reserve's decision-making on interest rates.

Investors are awaiting the release of earnings from tech titan Nvidia later in the day

Markets Rally Fades As Traders Nervously Await Powell Speech

Asian markets drifted between gains and losses Wednesday with traders struggling to maintain momentum from the previous day's much-needed bounce as they contemplate an extended period of elevated interest rates.

Bets on another US interest rate hike have pushed the dollar up against the yen, and traders are keeping an eye on Japanese authorities to see if they intervene to support their currency

Asia Extends Global Stocks Retreat As US Rate, China Fears Build

Asian stocks joined a global sell-off Thursday on fresh worries the Federal Reserve will hike interest rates again, while China's economic woes continued to shred traders' nerves.

Data showing a further decline in Chinese new home prices has added to concerns about the state of the economy

US Stocks Drop As Treasury Bond Yields Hit Multi-year Peaks

Wall Street stocks fell Wednesday as US Treasury bond yields surged to multi-year peaks, while the pound rallied following British inflation data.

UK annual inflation dropped sharply in July, easing a cost-of-living crisis that has pushed up prices of goods

UK Annual Inflation Drops To 15-month Low

Britain's annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and in line with economists' expectations.

Hong Kong's stock exchange operator reported a first-half revenue of $1.4 billion on Wednesday even as new listings remain far below pre-pandemic peaks

Hong Kong Exchange Posts 31% Rise In H1 Profit Despite IPO Malaise

Hong Kong's stock exchange operator reported a "strong" first-half net profit of HK$6.31 billion ($807 million) on Wednesday, up 31 percent on the same period last year despite IPO activity being impacted by "global market fragility".

Asian Markets Fall On China Woes, US Rate Concerns

Asian markets fell Wednesday on concerns about the Chinese economy and after stronger-than-expected US retail sales data increased the likelihood of a further Fed rate hike.

Asian markets posted losses in early Monday trade

Asian Markets Fall On China Property Woes

Asian markets posted sharp losses in early Monday trade, after falls in US tech stocks and as concerns over China's property sector weigh on sentiment.

Renewed talk of another Federal Reserve interest rate hike lifted the dollar against its major peers

Markets Struggle As Traders Fret Over Another Fed Hike

Stock markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while another weak batch of trade data compounded worries about the struggling Chinese economy.

Asian Markets Struggle As Traders Fret Over Another Fed Hike

Asian markets stuttered Tuesday on renewed concerns that the Federal Reserve will hike rates again, while ongoing worries about the Chinese economy added to the negativity.

Asian investors struggled to get the week off to a positive start, with many markets fluctuating

European Stock Markets Drop On Weak Data

European stock markets retreated Monday on further poor economic data for the region and following a mixed showing by major Asian indices.

The Bank of England is expected to raise interest rates for a 14th time as it battles to rein in inflation that is the highest in the G7

Stocks Struggle To Recover From Selloff, Fed Rate Fears Linger

Asian markets fluctuated Thursday following a plunge on Wall Street as a forecast-beating US jobs report revived worries about the Federal Reserve's interest rate-hiking campaign.

Fitch's decision to cut the US debt rating follows the long-running standoff on Capitol Hill earlier this year that saw the world's top economy flirt with a possible default, which rattled markets

Asian Markets Drop As US Downgrade Jolts Latest Rally

Asian markets followed Wall Street lower Wednesday as the wind came out of the latest rally, with traders jolted by the downgrade of US sovereign debt, soft economic data and concerns about elevated valuations.

Traders have been cheered by pledges from Chinese officials to unveil measures to boost the flagging economy

Asia Joins Wall St Rally On US Rates, China Hopes

Markets rallied Monday, tracing another bump on Wall Street, where investors cheered a further slowdown in US inflation that stoked optimism the Federal Reserve will not have to hike interest rates again.

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