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South Korea’s economy expanded by a little more than estimated during 2019’s final quarter, attributed to higher domestic demand and capital investment. Asia’s fourth largest economy grew by 1.3% on seasonal adjustment in ...
SINGAPORE- The euro stabilized against the greenback on Tuesday. The session placed euro close enough to its peak in two months on hopes that the monetary easing in the United States will intensively run compared to other measures implemented ...
SEOUL- South Korea’s February consumer inflation was monitored to be on a slow note mainly from dwindling demand brought by the coronavirus contagion and fluctuating oil prices, official records disclosed on Tuesday. The slow inflation ...
NEW YORK- Stock market’s inactivity observed last week mainly from novel coronavirus concerns was the sharpest underperformance since the 2008 financial crisis. However, market analysts said on Monday that trades are stable all of which ...
SINGAPORE- Oil prices recorded six consecutive days of decline, its weakest weekly performance in more than four years. Such drop was heavily brought by the fast-paced spread of the novel coronavirus which sparked concerns that the possibility ...
BEIJING- Optimism that the coronavirus contagion would be contained in China disappeared on Friday as the disease reached wider scope, hitting other nations. To prepare for a worldwide pandemic, countries started hoarding medical equipment ...
The Japanese Yen on Friday rose to a one-month high after the reports of the virus spreading outside of China piled on concerns and sent investors retreating to safe-haven assets. Hopes of the virus containment in China diminished after several ...
The London Stock Exchange (LSE) said on Friday that it was “on track” to completing its takeover of the analytics company, Refinitiv, after a clearing activity led to a higher-than-expected annual income. According to LSE CEO David ...
Private home prices in Hong Kong declined for the second consecutive month in January, with a 0.2% dip as coronavirus outbreak hounds the property and real estate sector that has not fully recuperated from the previous burden brought by the ...
Reuter’s survey revealed that the Bank of Canada will keep its interest rates steady at 1.75% on Wednesday. However, monetary easing is seen to be imposed before the year ends, according to a significant number of economists surveyed ...
Hyundai Motor closed its factory in South Korea on Friday after one of its workers was confirmed to be infected by the novel coronavirus. The factory operations are suspended indefinitely with popular car models including Palisade sport utility ...
SINGAPORE- Oil and Asian share markets continued to hit lower grounds on Thursday as the fast-paced contagion of the novel coronavirus brought market sentiment down and made investors seek safe-haven assets. The MSCI’s broadest index ...
TOKYO- Oil prices hit a five-day low on Thursday, its lowest performance since January 2019. Such inactivity was brought by increasing rate of coronavirus diagnosis outside China which intensified investors’ fears that the contagion ...
The Central Bank of South Korea kept its rates steady and unmoved on Thursday, killing hopes for monetary easing, despite the glaring coronavirus risks as it continues to spread in the country, threatening to hurt the fourth-largest economy ...
New Zealand’s business outlook in January had dropped as the coronavirus outbreak in China and abroad piled on concerns over global economic growth, according to an ANZ Bank survey on Thursday. The survey showed that a net 19.4% of participants ...
China’s CATL to raise $2.85 billion to fund battery projects China’s leading vehicle battery manufacturer CATL said that it would be raising over 20 billion Yuan ($2.85 billion) in order to fund its battery production and storage ...
Box Inc. predicted its first-quarter revenue to beat Street estimates due to higher demand for its online software products, causing its shares to gain 9% in extended trading. The company beat fourth-quarter profit and revenue, lifted by its ...
European shares dropped again on Thursday, with a deeper hit for travel stocks due to a sudden rise in coronavirus cases outside China. This news heightened fears on its impact on global growth. Many blue-chip companies released profit warnings, ...
Banks in Hong Kong are faced with two quarters of slow loan growth and declining asset quality due to the coronavirus outbreak’s impact on consumer banking. The Asian financial hub, including HSBC and Standard Chartered, are experiencing ...
TOKYO- Oil prices positively performed on Wednesday as investors resorted to short-covering after three sessions of inactivity. Gains were recorded even as novel coronavirus contagion continues to bring worries that its further spread may ...
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