A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, US, on March 13, 2023.

Bank rescues ease crisis fears but investors worry it's not enough

A $30 billion lifeline for First Republic Bank hosed down market fears about an imminent banking collapse on Friday, but a late tumble in the troubled US lender's shares showed investors were still worried about cracks in the sector.

2 years ago

Markets

Asian markets take breather from banking turmoil, capping tumultuous week

Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of future interest rate hikes in Western economies. ...

2 years ago

Markets

Credit Suisse secures $54b lifeline as authorities rush to avert global bank crisis

Credit Suisse on Thursday said it would borrow up to US$54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global banking crisis. ...

2 years ago

The Latest

US dollar notes are seen in this Nov. 7, 2016 picture.

Markets

Nothing stops yen slide, falls to fresh 20-year low

The Japanese yen hit a 20-year low against the dollar on Tuesday in a development attributed to US economic outperformance amid high energy prices while the Ukraine crisis shows no signs of abating.

3 years ago

A pedestrian wearing a face mask walks past a stock indicator displaying numbers of Nikkei 225 of the Tokyo Stock Exchange in Tokyo on January 4, 2021, on the first trading day of the year.

Markets

Asian markets slide, China growth behind target

Tokyo's benchmark Nikkei 225 index was down 1.25 percent in early trade, while Hong Kong and Sydney were closed for holidays.

3 years ago

Play the market: Traders work on the floor of the New York Stock Exchange (NYSE) in New York on Wednesday. Global stocks surged following a dramatic rebound on Wall Street.

Markets

Asian shares climb as US yields ease, China signals economic support

Traders were waiting for a European Central Bank meeting later in the day to see if it was as hawkish as others have been.

3 years ago

A pedestrian walks past an electronic board showing the share prices of the Tokyo Stock Exchange (L) and the foreign exchange rate between the yen and the US dollar (R) in Tokyo on August 13, 2018.

Markets

Asian shares track Wall Street higher as US yields stabilise

Latest US data raised hopes that inflation may be close to peaking, though several major central banks raised rates aggressively.

3 years ago

Trading hub: A woman walks past a large screen displaying Indonesia Stock Exchange (IDX) data in Jakarta on March 9, 2020.

Markets

Asian stocks mostly up despite red-hot US inflation

Asian stocks went against the losses seen on Wall Street and across Europe.

3 years ago

Markets

Indonesia tech giant GoTo soars on market debut

GoTo, the largest digital ecosystem in the archipelago nation of 270 million people, was formed by the merger of ride-hailing company Gojek and e-commerce platform Tokopedia in May 2021.

3 years ago

Passersby wearing protective face masks walk past a stock quotation board in Tokyo, Japan, on Feb. 24, 2022.

Markets

Asia shares slip ahead of ECB meeting, US inflation test

The mood in equity markets was cautious, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 1.0 percent.

3 years ago

A visitor monitors real-time development of the composite index at the Indonesia Stock Exchange in Jakarta on Sept. 10, 2020.

Markets

Asian markets track Wall St retreat on hawkish Fed bets

Fed monetary policy is at the top of the agenda this week as investors fret over how quickly officials will withdraw their vast pandemic-era financial support.

3 years ago

Facilities of the Novoprtovskoye oil and gas condensates oilfield, 250 km north of the town of Nadym in northern Russia, are pictured on Feb. 18, 2015.

Markets

Oil extends rally on Russia sanctions bets, stocks wobble

European Union officials were discussing new measures against Moscow after reports -- denied by the Kremlin -- that troops had executed civilians.

3 years ago

In this file photo taken on February 10, 2022 Elon Musk gestures as he speaks during a press conference at SpaceX's Starbase facility near Boca Chica Village in South Texas.

Markets premium

Elon Musk buys large stake in Twitter, sending stock soaring

Musk, who has more than 80 million followers on the microblogging platform, became its largest shareholder following the purchase of 73.5 million shares or 9.2 percent of common stock.

3 years ago

A worker in protective suit takes body temperature measurement of a woman inside the Shanghai Stock Exchange building, as the country is hit by the COVID-19 outbreak, at the Pudong financial district in Shanghai, China, on Feb. 28, 2020.

Markets

Asia shares start cautiously, Treasury yields keep climbing

A holiday on China made for sluggish trading, and MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 percent.

3 years ago

Traders sell staple foods at a traditional market, in this undated photograph.

Markets premium

Four staple foods to lead food price surge in Ramadan

The trade ministry has warned that loosened pandemic restrictions, the upcoming Ramadan and Idul Fitri festivities could result in rising demand for imported staple foods, while commodity prices in world markets continue to fluctuate due to the Russia-Ukraine conflict.

3 years ago

Motorcycles line up for Pertamax fuel in this undated photograph.

Markets premium

Pertamina raises Pertamax gasoline prices

This is the first time in two years that Pertamina has raised Pertamax prices, a move made to adjust to soaring global crude costs.

3 years ago

A screen displays the IDX Composite index at the Indonesia Stock Exchange (IDX) building in Jakarta on May 26, 2020.

Markets premium

Fed rate hike has little effect on Indonesian markets, but risks loom

Stocks, bonds and the rupiah showed little change the day after the United States Federal Reserve raised its benchmark rate.

3 years ago

A pedestrian wearing a face mask walks past a stock indicator displaying numbers of Nikkei 225 of the Tokyo Stock Exchange in Tokyo on Jan. 4, 2021, on the first trading day of the year.

Markets

Asia shares join global rally after Ukraine-Russia talks

MSCI's broadest index of Asia-Pacific touched its highest level since March 4.

3 years ago

Markets

Yen at 6-year low on decisive Bank of Japan move to tamp down bond yields

The BOJ has pledged to keep policy loose, in contrast with most other major central banks which are in rate hike mode.

3 years ago

People wear protective masks as they walk past a panel displaying the Hang Seng Index during morning trading following the outbreak of COVID-19 in Hong Kong, China, on March 2, 2020.

Markets

Asia shares and oil slip, yen sinks as Bank of Japan stays super-loose

MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.8 percent.

3 years ago

Digital signs display stock market information in the central district of Hong Kong, China, on Nov. 5, 2021.

Markets

Asian shares fall as Ukraine war stokes inflation fears, oil ticks higher

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent.

3 years ago

A pedestrian walks past an electronic quotation board displaying the closing share prices of the Tokyo Stock Exchange in Tokyo, Japan, on Feb. 7, 2022.

Markets

Asian markets extend gains after Wall Street rally

While there remains concern about the war in Ukraine, analysts said some confidence had seeped back into trading floors.

3 years ago

A visitor observes an electronic board showing movements on the Jakarta Composite Index at the Indonesia Stock
Exchange in Jakarta.

Markets

Asian miners' shares lead gains as war and rate hikes rattle nerves

Gains in banks, energy and mining stocks lifted Asian equities a little higher on Tuesday as investors braced for aggressive United States (US) rate hikes and war disrupting oil supplies.

3 years ago

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, United States on Aug. 19, 2021.

Markets

Shares in sober mood, yen near six-year low

Most share markets rallied last week in anticipation of an eventual peace deal on Ukraine, but it could take actual progress to justify further gains.

3 years ago

Medical workers arrive before the opening bell at the New York Stock Exchange (NYSE) on May 26, 2020 at Wall Street in New York City.

Markets

Wall Street stocks, oil prices rise after aggressive Fed hike outlook

US Treasury yields held just below three-year highs on Thursday and the closely-watched yield curve steepened, after earlier sitting at its flattest level in more than two years.

3 years ago

A pedestrian wearing a face mask walks past an electronic board displaying the closing numbers of Nikkei 225 index in Tokyo on November 9, 2020, as Asian markets react to results of the US presidential election.

Markets

Tokyo's Nikkei index up 3% on Fed rate hike

The Nikkei rose 3.14 percent or 808.34 points to 26,570.35 in the first 15 minutes of trading, while the broader Topix index added 2.39 percent or 44.35 points to 1,897.60.

3 years ago

People cross a street in the financial district in Hong Kong, China, on March 15, 2022.

Markets

Asian markets bounce on bargain-buying

Asian markets saw a much-needed bounce Wednesday as Hong Kong's tech giants led a rally in the city after their recent rout, while oil prices rose back above $100 but remain pressured by concerns over demand from China.

3 years ago